Carryover - Law Dictionary Search Results
carryover
Matched in: Term carryover
carryover basis
Matched in: Term carryover basis
carryforward
carryforward : carryover
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basis
to the basis of the asset when it was in the hands of the donor or transferor NOTE: Carryover basis is generally applied to gifts, transfers in trust, and property acquired from a decedent. cost basis :
carryback
entirely in a given period and which may be deducted from taxable income of a prior period compare carryover
loss
amount by which the expenses of operating a business exceed the income derived from it see also carryback, carryover ordinary loss : a loss from the sale or exchange of any asset that is not a capital
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