Birchtree
TSP Talk Royalty
- Reaction score
- 143
imported post
The insurance companies will eat their losses and then a larger profitable company will buy them to get the tax loss carry forward to reduce taxes on current profits. This is done frequently - I even use tax loss carry forwards to reduce my own capital gains and short term profits. Don't fear a loss - it will come in handy later.
Dennis
The insurance companies will eat their losses and then a larger profitable company will buy them to get the tax loss carry forward to reduce taxes on current profits. This is done frequently - I even use tax loss carry forwards to reduce my own capital gains and short term profits. Don't fear a loss - it will come in handy later.
Dennis