carry forward

British  

verb

1. accounting to transfer (a balance) to the next page, column, etc

2. Also called (in Britain and certain other countries): carry over.  tax accounting to apply (a legally permitted credit, esp an operating loss) to the taxable income of following years to ease the overall tax burden

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noun

1. Also called: carry-over.  tax accounting an amount carried forward

carry forward Idioms  

1. Also, carry over . Transfer a bookkeeping entry to the next column, page, another account, or the next accounting period, as in Let's carry forward this loss to the next quarter for a saving in taxes , or She made an error in carrying over this column . The first term dates from the first half of the 1800s; the variant dates from the mid-1700s.

2. Make progress in, advance, as in His successor hoped to carry forward his work . Also see carry on .

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Example Sentences

Anything left over can be carried forward to offset income in future years.

From Barron's

"I hope that my daughter's generation can continue to inherit, carry forward, and spread it so that more people can know about it," she added.

From Barron's

According to the most recently available accounts, it has raised £1.5m in donations last year but has so far distributed very little, with £1.3m carried forward.

From BBC

All of these films are bound by a singular focus: trauma carried forward.

From Los Angeles Times

Up to $3,000 in losses can be deducted against taxable income, with the remainder carried forward to future years.

From MarketWatch

Related Words

• carry over