2010-08-25bloomberg.com

"Toll Brothers recorded a $26.5 million gain from a change in U.S. law allowing builders to use losses to recoup taxes on profits going back as many as five years. The benefit helped the company end a streak of 11 straight quarterly losses as housing demand slumps. Homebuilder orders have plunged since an $8,000 federal tax credit for buyers expired on April 30."



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