carryover

carryover
An income tax term for using a loss occurring in one year as a deduction in a later year. An item of an inventory, or of the accounts of a business for one year which is transferred to the inventory or accounts of the following year.

Ballentine's law dictionary. . 1998.

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  • carryover — car·ry·over / kar ē ˌō vər/ n: the portion of a deduction (as for a net operating loss) or credit which cannot be taken entirely in a given period and which may be deducted from taxable income of a later period compare carryback Merriam Webster’s …   Law dictionary

  • carryover — Grain and oilseed commodities not consumed during the marketing year and remaining in storage at year s end. These stocks are carried over into the next marketing year and added to the stocks produced during that crop year. Chicago Board of Trade …   Financial and business terms

  • carryover — car|ry|o|ver [ keri,ouvər ] noun singular 1. ) something that is the result of a situation that existed in the past: Getting up early is a carryover from the time when I was in the army. 2. ) an amount of something, especially money, that has not …   Usage of the words and phrases in modern English

  • carryover — car·ry·o·ver (kărʹē ō vər) n. 1. Something transferred or extended from an earlier time or another place: a showing of new fashions as well as carryovers from last spring; a carryover of good will from the previous meeting. 2. Accounting. A sum… …   Universalium

  • Carryover basis — occurs when a property transfer also results in a transfer of the transferor s basis in the property. The transferor s basis in the property carries over to the transferee. Tax law of United States of AmericaCarryover basis, also referred to as a …   Wikipedia

  • carryover basis — see basis 3 Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. carryover basis …   Law dictionary

  • Carryover Basis — A method for determining the tax basis of an asset when it is transferred from one individual to another. Carryover basis is often used when property is given as a gift to someone else and is the method for determining the basis for future tax… …   Investment dictionary

  • Carryover-Effekt — 1. Begriff: Intertemporale Wirkungsübertragung beim Einsatz absatzpolitischer bzw. marketingpolitischer Instrumente, bes. von Werbewirkungen: Ein Teil der Werbewirkung wird nicht im Zeitraum des Instrumenteinsatzes, sondern erst in den… …   Lexikon der Economics

  • carryover — noun Date: 1894 1. the act or process of carrying over 2. something retained or carried over …   New Collegiate Dictionary

  • carryover — noun a) Something whose duration has been extended or that has been transferred to another time b) An amount, especially a sum of money, transferred to a new column in a ledger, or applied to a later time …   Wiktionary

  • carryover — (Roget s IV) n. Syn. holdover, vestige, remains; see remainder …   English dictionary for students

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