Loss Carry Back (Carry Forward)


 

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Loss Carry Back (Carry Forward)

A tax provision that allows operating losses to be used as a tax shield to reduce taxable income in prior and future years. Losses can be carried backward for up to three years and forward for up to 15 years under current tax codes.



Loss Carry Back (Carry Forward)

Similar Matches

Forward contract

Forward contract

A contract that specifies the price and quantity of an asset to be delivered on in the future. Forward contracts are not standardized and are not traded on organized exchanges


Forward market

Forward market

A market in which participants agree to trade some commodity, security, or foreign exchange at a fixed price for future delivery.


Forward pricing

Forward pricing

The setting of the price (which then remains fixed) for forward dealing. This occurs at the time the contract is established.


Carryforwards

Carryforwards

Tax losses allowed to be applied to offset future income in some specified number of future years.


Forward rate agreement (FRA)

Forward rate agreement (FRA)

Agreement to borrow or lend at a specified future date at an interest rate that is fixed today.


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