RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:ONCY accumulated deficit (Tax losses applied to a buyout) inthno .. No I am not saying what you are stating. And no I was not talking about the treatment of capital gains/losses as you would in your personal account. You don't seem to understand the principles of corporate tax transfers associated with corporate mergers and acquisitions. What I am talking about is the transfer of an acquired company's accumulated deficit off of their balance sheet onto the balance sheet of the acquiring company's balance sheet. You can't seem to understand this corporate accounting feature. This transition is a net benefit to the acquiring company as it is "interpreted" as the acquiring company's R&D expenses. Such a transaction appears as though the acquirer is significantly involved in research and development, when in fact the acquirer simply buys this "impression" when it acquirers another's assets and transfers the acquired company's balance sheet to its own.