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Due to losses or goodwill, a licensee has a deficit (negative) NTA. Can they rely on a Deed to also cover the deficit?

April 26, 2017cover deed deficit goodwill Licensee losses negative nta

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Due to losses or goodwill, a licensee has a deficit (negative) NTA. Can they rely on a Deed to also cover the deficit?

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New applicants must not have an NTA position (in their own right) of less than $0. A Deed is available for use, but only for positive amounts.

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New applicants and existing licensees must not have an NTA position (in their own right) of less than $0. A Deed is available for use, but only for positive amounts.