carry forward


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Related to carry forward: Carry Forward Losses

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 ?
To carry forward the older generation of scientists Min Enze forge ahead and pioneering spirit of innovation.
The court pointed out that the suspended-loss rule states that suspended losses carry forward "except as provided in this section.
By electing this rule, however, the shareholder agrees to carry forward to succeeding years any NDNC expenses that exceed the shareholder's basis and therefore do not reduce basis in the year incurred.
Because the contributions to the FSA are pretax, to prevent using the FSA as a device to defer compensation, an employee cannot carry forward unused amounts to a subsequent tax year.
An investment company can carry forward charges on income as excess management expenses.
Tom will continue to carry forward $21,000 of the capital loss.
Austin, Texas, USA, said the Internal Revenue Service (IRS) has concluded its examination of the company's tax returns, its net operating losses, and minimum tax credit carry forwards through 1996.