carryforward
Americannoun
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(in U.S. income-tax law) a special provision allowing part of a net loss or of an unused credit in a given year to be apportioned over one or two subsequent years, chiefly in order to ease the tax burden.
Etymology
Origin of carryforward
First recorded in 1895–1900; noun use of verb phrase carry forward
Example Sentences
Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.
This creates a greater need for loss carryforward and carryback rules, which allow firms with unsteady profits to offset income from profitable years against the losses of unprofitable years.
From Slate • Nov. 15, 2021
Buffett, who is Berkshire Hathaway's chairman and CEO, said he has never used the kind of loss carryforward that Trump employed when he claimed $916 million in losses in 1995.
From US News • Oct. 10, 2016
She or he would sell appreciated securities with $45,000 of gain to use up your loss carryforward.
From Forbes • Dec. 10, 2014
Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.
