Tax Reform Series 44 – Recapture of Overall Domestic Losses

Plain Language of Change:

  • The Act increases the overall domestic loss (ODL) allowance by providing an election to increase the percentage (but not greater than 100 percent) of domestic taxable income offset by any pre-2018 unused overall domestic loss and recharacterized as foreign source.

Detailed Analysis of Recapture of Overall Domestic Losses

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