Carry-Back And Carry-Over in United States

Practical Information

Note: Some of this information was last updated in 1982

A tax law provision that allows an individual or corporation (in U.S. law) to use an operating or capital loss (see capital (in U.S. law) Gain and Loss) in one year to reduce taxes for preceding (carry-back) or succeeding years (carry-over). See also income tax (in U.S. law).

(Revised by Ann De Vries)

What is Carry-Back And Carry-Over?

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