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by triceratops 624 days ago
Some real "they just write it off Jerry" energy in this comment.
1 comments

No. Your confusing different accounting methodologies. For tax accounting purposes, the goal is to show the IRS near-zero profit.

Their internal books will track expenses in a different way so as to produce a non-tax profit, buy that's all internal non-tax accounting, and tends ro be private compared to SEC filings.