@[email protected] to [email protected]English • 2 years agoSince Elon Musk’s Twitter purchase, firm reportedly lost 72% of its valuearstechnica.comexternal-linkmessage-square73fedilinkarrow-up1683arrow-down132cross-posted to: [email protected]
arrow-up1651arrow-down1external-linkSince Elon Musk’s Twitter purchase, firm reportedly lost 72% of its valuearstechnica.com@[email protected] to [email protected]English • 2 years agomessage-square73fedilinkcross-posted to: [email protected]
minus-squarerunekolinkfedilinkEnglish4•2 years 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-squareSeaJlinkfedilinkEnglish7•2 years agoThey changed the rules under the Tax Cut and Jobs Act and losses can be carried forward indefinitely.
minus-squareMarxism-FennekinismlinkfedilinkEnglish2•2 years 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.
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