Carryforward (noun) Definition, Meaning & Examples

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noun
  1. carry-over.
  2. (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.
verb (tr, adverb)
  1. to transfer (a balance) to the next page, column, etc
  2. to apply (a legally permitted credit, esp an operating loss) to the taxable income of following years to ease the overall tax burden
noun carry-forward
  1. an amount carried forward
Carryforward (noun) Definition, Meaning & Examples

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