View Poll Results: Has your state disallowed the carry forward of NOLs and bonus depreciation?

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  • Yes

    0 0%
  • No

    1 33.33%
  • What's a NOL and Bonus Depreciation (why am I voting?)?

    2 66.67%
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Thread: Business Owners - NOLs & Bonus Depreciation

  1. #1
    Equal Opportunity Hater
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    Business Owners - NOLs & Bonus Depreciation

    Has your state disallowed the carry forward (or carry back) of net operating losses (NOLs) and bonus depreciation?

    If so, what state are you in?
    Last edited by obvious Child; 02-14-10 at 10:46 PM.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

  2. #2
    I'm not-low all the time
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    Re: Business Owners - NOLs & Bonus Depreciation

    As far as i am aware, NOL's in my state are tied to federal tax deductions. Therefore they cannot be disallowed without changes to the tax code. Thank god for the stimulus!
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

  3. #3
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    Re: Business Owners - NOLs & Bonus Depreciation

    Quote Originally Posted by Goldenboy219 View Post
    As far as i am aware, NOL's in my state are tied to federal tax deductions. Therefore they cannot be disallowed without changes to the tax code. Thank god for the stimulus!
    Apparently California disallowed NOLs.

    That's pretty much a sign of financial collapse.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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