Replies to post #352929 on Mr Cooper Group Inc (COOP)

[zeus_0100]

That is not correct IMO, a $10 million NOL if useable in one year, can be fully subtracted from that companies tax liability for that year.

[byrddog]

Are you sure about that?

you are wrong. A NOL is not a credit. A credit is dollar-for-dollar.

http://www.investopedia.com/terms/n/netoperatingloss.asp#axzz1hBMICg63


Investopedia explains 'Net Operating Loss - NOL'
If a company has a net operating loss, it can apply this tax relief in two ways: it can apply the net operating loss to its past tax payments and receive a tax credit; or it could apply the net operating loss to future income tax payments, reducing the need to make payments in future periods.
Read more: http://www.investopedia.com/terms/n/netoperatingloss.asp#ixzz1hBO8WsQJ