A tax loss carryforward of $1,000,000 for company ZZZ is not usually worth $1,000,000 in today's dollars to a firm that might acquire company ZZZ.

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The tax loss carryforward may be subject to limitations and may not fully offset future taxable income. Additionally, the time value of money means that the value of the tax loss carryforward will be reduced over time. Therefore, it is not usually worth the full $1,000,000 in today's dollars to a potential acquirer.

A Tax Loss Carryforward of $1,000,000 for Company ZZZ Is