Replies to post #38968 on Phoenix Associates Land Syndicate (fka PBLSQ)

[Renavatio]

Keep in mind that businesses can take advantage of Capital Loss carry-forwards much like individuals. I'm selling Real Estate in MS right now because of the write-offs for the potential investors (50% depreciation in the first year, carried back up to 5 years and forward up to 15). If any of the companies bought by PBLS last year had any carry forwards, I believe that PBLS can use that write-off for their business tax liabilities much like they did in 2005. So in effect, NI pre and post tax could be a very similar amount best case. Someone ask a CPA though...