Comment on Since Elon Musk’s Twitter purchase, firm reportedly lost 72% of its value

• runeko@programming.dev ⁨1⁩ ⁨year⁩ 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.

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  • SeaJ@lemm.ee ⁨11⁩ ⁨months⁩ ago

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

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    • runeko@programming.dev ⁨11⁩ ⁨months⁩ ago

      TIL, thanks

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      • SeaJ@lemm.ee ⁨11⁩ ⁨months⁩ ago

        Regulatory capture is awesome, isn’t it?

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