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Access here alternative investment news about Sears Could Take Advantage Of Its Losses To Offset Taxable Income. | National Real Estate Investor
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Sears Could Take Advantage Of Its Losses To Offset Taxable Income. | National Real Estate Investor

by nreionline.com posted 8months ago 27 views
(Bloomberg)—The losses that drove Sears Holdings Corp. into bankruptcy could end up being a valuable multi-billion dollar asset because of tax breaks -- especially for its most notable creditor and Chairman, Eddie Lampert. As of the retailer’s bankruptcy on Oct. 15, Sears estimated it had net operating losses it could use to offset $5 billion of future taxable income, and separate tax credits of around $900 million. These are the most valuable assets Sears has, and under U.S. tax law, they could disappear in bankruptcy if another company or investor takes the company over.

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