Sentences with phrase «carry forward excess»

If you would not invest that amount of cash in that stock, then sell it all right now and carry forward the excess loss every year.

You can carry forward any excess for up to five subsequent years.

You can carry forward any excess losses to use in future years.

You may also carry forward excess tax deductions for 5 years.

Not exact matches

Any capital losses remaining after offsetting all available capital gains can then be used to reduce ordinary income by up to $ 3,000 per year, with any losses in excess of that amount available to be carried forward indefinitely to reduce capital gains or ordinary income in future years under the same procedures.

If you have net losses in excess of $ 3,000 in one year, you can carry your losses forward to future years.

If you have more than $ 3,000 in excess capital losses, the amount over $ 3,000 can be carried forward to future years to offset capital gains or income in those years.

Any excess losses may be carried back in order to get a refund for income taxes paid in the two prior years, and then if losses remain, a 20 - year carry - forward is created as a potential offset to income taxes on future earnings.

Excess capital losses can be carried forward indefinitely to reduce capital gains liability and ordinary income in future years.

If the amount of donation exceeds what's deductible in a given year, any excess can be carried forward and deducted for up to five years in the future.

Excess loss could then be carried forward to future years, but the longer you go on carrying forward such losses, the less clear it is that it is «worth it», because you have «locked in» a real loss in the here and now by selling your shares for a loss, while the tax savings are being deferred into the future.

after getting possession if the total interest (1/5 of prepossession interest + current FY interest) exceeds 2 lakhs then the excess amount will carry forward to next financial year?

Be aware that when you «carry forward» an excess to a future year, you'll have to pay a 6 % penalty until the excess is absorbed or corrected.

(Any excess loss could be carried forward to offset property income in later years.)

(4) A maximum of eight credit hours may be accrued as excess and carried forward to the subsequent licensing year.

Excess points from any one fuel purchase are good for one year from the date they are carried forward.

There are many other variations, including what time of year the billing cycle ends, how much net metered customers are compensated for their excess energy, and how long credits can carry over (some utilities allow credits to roll forward indefinitely).

Changes to net metering policies fall into three general categories: 1) changes to how long excess generation credits can be carried forward and applied to future energy charges, 2) the application of fixed energy charges which can not be offset with solar energy credits, and 3) changes to the value of electricity sold to the grid from a solar installation compared to the value of electricity bought from the grid.

The published analysis for 2006 — 07 suggests that most MPs claimed either close to or in excess of the maximum allowance of # 20,440 for 2006 — 07 relating to the IEP and close to or in excess of the maximum allowance of # 87,276 for 2006 — 07 relating to the SA, claims in excess of the annual limits being possible given that the provisions allow for transfers from the IEP to the SA and for the carrying forward of unused funds in the IEP and SA from one allowance year to the next or the drawing down of an advance from the next year's budget.

A foreign tax credit reduces U.S. tax liability, and any excess can be carried back and forward to other years.

(3) If a licensee completes more than 20 hours of continuing education after 1986, excess hours in an amount not to exceed 20 hours may be carried forward to the next year.

(3) If a licensee completed more than 20 hours of continuing education, excess hours in an amount not to exceed 20 hours may be carried forward to the next year.

The $ 3,000 allowable in 2016 reduces 2016 tax liability, with any excess being carried forward into 2017.

Similarly, the $ 9,000 allowable in 2017 (plus any carried - forward amount from 2016) reduces the 2017 tax liability, with any excess credit, from either year, being carried forward into later years.