carry forward

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carry forward

1. To cause a plan or situation to progress. A noun or pronoun can be used between "carry" and "forward." With your shared passion for this initiative, I'm confident that you two can carry it forward.
2. In accounting, to transfer an entry to the next page or column. A noun or pronoun can be used between "carry" and "forward." Did you carry forward the total from the last page? If not, that might be the source of the error.
See also: carry, forward

carry something forward

to take a figure from one column or category to another. Now, carry this figure forward into the tens column.
See also: carry, forward

carry forward

1. Also, carry over. Transfer a bookkeeping entry to the next column, page, another account, or the next accounting period, as in Let's carry forward this loss to the next quarter for a saving in taxes, or She made an error in carrying over this column. The first term dates from the first half of the 1800s; the variant dates from the mid-1700s.
2. Make progress in, advance, as in His successor hoped to carry forward his work. Also see carry on.
See also: carry, forward

carry forward

v.
1. In accounting, to transfer some entry to the next column, page, or book, or to another account: The company decided to carry their losses forward to offset future profits.
2. To succeed or make progress with something: I thought of the plan, and my assistant carried it forward.
See also: carry, forward
References in periodicals archive ?
The FTO during 2017 disposed of 55 review petitions including 42 fresh and 13 carried forward from 2015, sources told reporter adding that in year 2016, the FTO had disposed of 130 complaints including 90 fresh and 40 carried forward from 2015.
Our two Prime Ministers have met and all the issues were discussed and we hope that that things will be carried forward when the time comes," High Commissioner of Pakistan in India Abdul Basit told reporters here.
The default position is to carry back an NOL for two years, with any unused NOL carried forward; see Sec.
The points scored by the jokers in the qualifiers are not carried forward to the Premier League.
Prior to the year of disposition, losses which are unallowed in any given year are carried forward to the next to be recalculated to see whether they will be deductible or whether they will have to be carried forward again.
Sleepers are not held in a separate account, carried forward on the balance sheet.
1.1502-32(b)(3)(i)(A) provides that a parent's basis in member stock is adjusted in the year such losses are absorbed by the group (i.e., a member's loss carried forward to future years generally does not reduce the parent's basis in the member's stock until such future years).
If a business produces a loss and the taxpayer has no taxable income, the section 179 election can produce a carryover that can be carried forward indefinitely (assuming the other requirements are met).
With no winners yesterday, a prize fund of pounds 72,801 will be carried forward to next Saturday's racing, while the bonus fund now stands at pounds 31,200.
179 deduction disallowed dim to the taxable income limit can be carried forward to future years.The taxpayer has the option of selecting the specific assets for which the costs are carried forward.
* Sales of assets automatically carried forward from the depreciation module.
A win fund of pounds 162,435 will be carried forward to next Saturday, while the bonus fund now stands at pounds 198,169.
If a taxpayer exceeds these limits, the amount of the taxpayer's disallowed interest expense is the lesser of the "disqualified interest" or the "excess interest expense." The disallowed amount may be carried forward indefinitely, subject to the limits applicable in a future year.
But if the $50,000 is invested in growth stocks that pay only $500 in dividends, current deductions are limited to the net investment income of $500; the remaining interest expense of $4,500 must be carried forward indefinitely.
The same NOL carried forward into 2004 that offsets the highest-taxed income (35%) would trigger a $350 tax savings.