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DEFINITIONS

Tax Loss Carryforward

Definition

Tax Loss Carryforward means a technique used in accounting that allows to net operating losses to future  profits in order to reduce tax liabilities. Loss carryforwards can be used in any one of the seven years following the loss. If a company has a loss in the current year but positive net operating income in one of the next two to seven years, the company can reduce its tax for those years.

Additional - what is the meaning of Tax Loss Carryforward?

Investors are also allowed to carry forward their losses resulting from selling shares, so they can reduce tax on future capital gains.
RELATED TERMS
Capital loss
Loss
Net loss
Short-Term Loss
RELATED CATEGORIES
Taxes



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