Let’s say that I have this one movie that is finished that I spent 80 million to make. I decided to “write it off”. So when I get to pay my taxes, do I get a 80 million discount?
Let’s say that I have this one movie that is finished that I spent 80 million to make. I decided to “write it off”. So when I get to pay my taxes, do I get a 80 million discount?
If you spent 80 million making the other movie, I’m not sure if you have to pay taxes on it, or just the 40 million profit. If the latter, than you wouldn’t pay any taxes. Someone come in here and straighten Tiger and I out please!