Income From Tax Loss Carry Forward (Historical) Formula in Excel

Are you looking to efficiently manage tax considerations for your investments in Excel? The Income From Tax Loss Carry Forward (Historical) formula by MarketXLS can help. Use this function in Excel to quickly retrieve historical data that reflects the ability to carry forward tax losses to reduce future tax burdens or offset future earnings. In this guide, you'll learn how to set up and use this function with ease.

Understanding Income From Tax Loss Carry Forward (Historical)

The Income From Tax Loss Carry Forward metric represents a company's or individual's potential to offset profits using prior year losses, effectively lowering future taxable income.

• Purpose and Use Cases

  • Evaluate historical tax positions and potential savings.
  • Understand how past losses may affect future financial statements.
  • Make informed decisions about tax strategies.

• Key Benefits

  • Quickly analyze historical tax-loss data directly in Excel.
  • Automate calculations for multiple symbols.
  • Maintain up-to-date records with MarketXLS’s fundamental data feed.

• When to Use

  • When assessing a company's or individual’s tax efficiency over multiple periods.
  • During financial planning or valuation processes involving tax implications.

Syntax and Parameters

Below is the syntax you’ll use within Excel:

=hf_Income_from_Tax_Loss_Carry_Forward(Symbol, year, [quarter], [TTM])

Return Value
Returns the Income From Tax Loss Carry Forward value for the specified symbol and period. If an invalid symbol or license type is detected, the function returns "NA".

?? Note: This function depends on data from MarketXLS’s fundamental data feed. If your plan does not include this metric, you may see "Not supported on your plan" or "NA".

Examples and Usage

Below are common examples demonstrating how to work with different scenarios.

• Basic Usage:

  =hf_Income_from_Tax_Loss_Carry_Forward("MSFT", "2022")

  Returns the Income From Tax Loss Carry Forward for Microsoft for the year 2022.

• Specifying a Quarter:

  =hf_Income_from_Tax_Loss_Carry_Forward("MSFT", "2022", 2)

  Returns the value for Microsoft for Q2 of 2022.

• Using Trailing Twelve Months (TTM) Data:

  =hf_Income_from_Tax_Loss_Carry_Forward("MSFT", "2022", 3, "TTM")

  Returns the TTM value from Q3 of 2022.

• Last Quarter, Last Year, and Other Keywords:

  =hf_Income_from_Tax_Loss_Carry_Forward("MSFT", "lq")      // Last quarter
  =hf_Income_from_Tax_Loss_Carry_Forward("MSFT", "ly-1")    // Last year minus one
  =hf_Income_from_Tax_Loss_Carry_Forward("MSFT", "lt-1")    // Previous trailing 12 months

? Pro Tip: You can reference a cell holding the year or a date in various formats. For example:

1. Using a cell reference for the year in A1:

   =hf_Income_from_Tax_Loss_Carry_Forward("MSFT", A1)

2. Direct date as a string (MarketXLS will interpret the year portion):

   =hf_Income_from_Tax_Loss_Carry_Forward("MSFT", "2024-03-15")

3. Combining Excel's date functions (again focusing on the year):

   =hf_Income_from_Tax_Loss_Carry_Forward("MSFT", TEXT(A1,"yyyy-mm-dd"))

Common Questions

1. What does the function return if the symbol is invalid or not covered in my plan?

   • It returns "NA" or displays "Not supported on your plan".

2. How can I improve performance when requesting historical fundamentals for multiple symbols?

   • Consider batching or caching your requests. MarketXLS often caches data for faster subsequent retrieval.

3. Does MarketXLS support international symbols for this function?

   • Yes, as long as the symbol is recognized by the MarketXLS feed. Not all international exchanges may be available.

4. What if I only have partial data for a specific year/quarter?

   • MarketXLS will return the best available data. Some metrics may be missing or return "NA" if not reported.

5. Can I use this function for real-time analysis?

   • This function focuses on historical data. For real-time or intraday calculations, explore MarketXLS’s live data functions.

?? Note: Ensure your MarketXLS subscription includes historical fundamentals data. Some advanced features or data points may require higher-tier plans.

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Looking for more historical fundamentals? Check out these related functions:

• Revenue (Historical): Returns the company’s total revenue for a specified historical period.
• Cost Of Revenue (Historical): Returns the company’s total cost of revenue for a specified historical period.
• Gross Profit (Historical): Returns the company’s gross profit for a specified historical period.
• R & D Expenses (Historical): Returns the company’s research and development expenses for a specified historical period.
• Selling General and Administrative Expense (Historical): Returns the company’s SG&A expenses for a specified historical period.