carryforward
Americannoun
-
(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
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