Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: Doren who wrote (1457798)	5/20/2024 6:08:53 PM
From: longz	1 Recommendation Recommended By IC720 Read Replies (1) of 1577291

Donald Trump can potentially use losses from Trump Media & Technology Group (TMTG) to offset his personal tax liabilities. TMTG reported a significant financial loss for the first quarter of 2024, primarily due to non-cash expenses and operational challenges, resulting in less than $1 million in revenue? ( MarketBeat)?? ( Seeking Alpha)?. In the U.S., businesses can utilize net operating losses (NOLs) to offset taxable income in future years, which could be beneficial for Trump if he has other income streams that are taxable. The Internal Revenue Code allows such losses to be carried forward indefinitely to reduce future tax liabilities, although the rules can be complex and may require specific accounting and legal strategies to optimize the benefit? ( MarketBeat)?? ( Seeking Alpha)?. Given that Trump Media is undergoing various financial adjustments and challenges, including issues with their auditors and delayed SEC filings, the exact impact on Trump's personal taxes would depend on the resolution of these issues and how the losses are accounted for in compliance with tax regulations? ( Stock Analysis)?.

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