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DRAFT NOT APPROVED BY OMB Federal Communications Commission Washington, D.C. 20554 INSTRUCTIONS FOR FCC 382 DIGITAL CHANNEL ELECTION FOR TELEVISION BROADCAST STATION: FIRST ROUND ELECTION website
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382 - instructions provide guidance on how to calculate limitations on net operating losses and certain built-in losses following an ownership change.
Companies that have undergone an ownership change and have net operating losses or built-in losses subject to limitation must file 382 - instructions.
To fill out 382 - instructions, companies need to follow the guidelines provided in the instructions, accurately report the necessary information, and calculate the limitations on net operating losses.
The purpose of 382 - instructions is to ensure that companies calculate and apply the limitations on net operating losses and built-in losses correctly following an ownership change.
Companies must report details of their ownership change, net operating losses, built-in losses, and any other relevant information needed to calculate the limitations accurately.
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