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 foreign exchange rate

Forward foreign exchange rate

The exchange rate available today to exchange currency at some specified date in the future.


Forward rate

Forward rate

Also called the forward exchange rate, this is the exchange rate on a forward market transaction.


Forward price

Forward price

In any forward market, the price of the item being traded for delivery at a future date; in exchange markets, the forward rate.


Carryforwards

Carryforwards

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


Forward dealing

Forward dealing

The buying or selling of underlying instruments such as commodities, securities and currencies etc for delivery at a specified future date and a fixed price.


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