• runeko
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    46 months ago

    Typically, losses in one year can be used to offset profits in following years, but not indefinitely… maybe three years tops IIRC. But that would mean the company would have to become very, very profitable profitable, which is doubtful.

    • SeaJ
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      76 months ago

      They changed the rules under the Tax Cut and Jobs Act and losses can be carried forward indefinitely.

      • @[email protected]
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        36 months ago

        Yup of course they fucking did. Can’t have corporations paying their fair shares after all, that’s a concept as ridiculous as cold fire.

      • runeko
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        26 months ago

        TIL, thanks

        • SeaJ
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          16 months ago

          Regulatory capture is awesome, isn’t it?