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Carry-Over

   Also found in: Dictionary/thesaurus, Encyclopedia, Wikipedia 0.05 sec.

The designation of the process by which net operating loss for one year may be applied, as provided by federal tax law, to each of several taxable years following the taxable year of such loss.


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This could easily occur for capital losses that have only a five-year carry-over period and to net operating losses (NOLs) before 1976, when they were limited to a five-year carryover period.
 
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