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  2. Carry forward and carry over12are similar concepts, but they are used in different contexts:
    • Carry forward: Used for abstract concepts like ideas, plans, or progress.
    • Carry over: Used for physical objects or tangible things like data, balance, or items.
    Learn more:
    Carry forward and carry over are similar phrasal verbs that both refer to continuing something from one point to another. However, carry forward is used more for abstract concepts like ideas, plans, or progress, while carry over is used more for physical objects or tangible things like data, balance, or items.
    redkiwiapp.com/en/english-guide/phrasal-verb-pair…
    Generally speaking, a carryover is the term for moving a tax attribute from one tax year to another tax year. Carryforward is when it moves forward and carryback is when the attribute is moved to a prior year (by amending). Carryover tends to imply carrying forward, but it need not.
    money.stackexchange.com/questions/30151/what-…
     
  3. People also ask
    What is the difference between carryover and carryforward?Carryover vs Carryforward - What's the difference? is that carryover is something whose duration has been extended or that has been transferred to another time while carryforward is an income tax loss or credit not usable in the current year that can be applied to offset income or taxes paid, respectively, in subsequent tax years.
    What is the meaning of 'carry a certain forward/over'?Need a translator? Get a quick, free translation! CARRY SOMETHING FORWARD/OVER definition: 1. to include an amount of money in a later set of calculations: 2. to include an amount of money…. Learn more.
    What is the difference between carryforward and carryback?Carryforward is when it moves forward and carryback is when the attribute is moved to a prior year (by amending). Carryover tends to imply carrying forward, but it need not. Here are all three terms used in the same sentence in Pub 536, regarding NOLs: Step 5. Determine the amount of your unused NOL.
    What is the difference between carryover and carryback?It's not a single precise term. Generally speaking, a carryover is the term for moving a tax attribute from one tax year to another tax year. Carryforward is when it moves forward and carryback is when the attribute is moved to a prior year (by amending). Carryover tends to imply carrying forward, but it need not.
     
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