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?
I suspect the movie would likely make a profit, bit not enough of one. They’d rather take the loss to “play it safe” and not scare away institutional investors. Or something stupid like that.