Real Estate Law
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yes, the assets are solid. The loss is good for tax purposes, because it means that there is no tax due or owing and you can carry the loss forward into future years to offset against any income. Under New York law, that is permissible. This sounds like a solid investment.
Please rate 4 or 5 and close out the question. Good luck to you. I wish you all the best.
thanks for the answer. Can you give me a example that will be a poor balance sheet? also on the scale of 1-10 (10 being the healthiest) How healthy is my current balance sheet? thanks