boem@lemmy.world to Technology@lemmy.worldEnglish · 11 months agoSince Elon Musk’s Twitter purchase, firm reportedly lost 72% of its valuearstechnica.comexternal-linkmessage-square75fedilinkarrow-up1712arrow-down133cross-posted to: [email protected]
arrow-up1679arrow-down1external-linkSince Elon Musk’s Twitter purchase, firm reportedly lost 72% of its valuearstechnica.comboem@lemmy.world to Technology@lemmy.worldEnglish · 11 months agomessage-square75fedilinkcross-posted to: [email protected]
minus-squaretech@lemmy.worldlinkfedilinkEnglisharrow-up6arrow-down1·11 months agoCan these measurements be used as losses to offset taxes?
minus-squarerunekolinkfedilinkEnglisharrow-up4·11 months agoTypically, 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.
minus-squareSeaJ@lemm.eelinkfedilinkEnglisharrow-up7·11 months agoThey changed the rules under the Tax Cut and Jobs Act and losses can be carried forward indefinitely.
minus-squareHiddenLayer5@lemmy.mllinkfedilinkEnglisharrow-up3·11 months agoYup of course they fucking did. Can’t have corporations paying their fair shares after all, that’s a concept as ridiculous as cold fire.
minus-squareSeaJ@lemm.eelinkfedilinkEnglisharrow-up1·11 months agoRegulatory capture is awesome, isn’t it?
Can these measurements be used as losses to offset taxes?
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.
They changed the rules under the Tax Cut and Jobs Act and losses can be carried forward indefinitely.
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.
TIL, thanks
Regulatory capture is awesome, isn’t it?