carryover

Definitions

Construction

Forex

  • (written as Carryover)
    The amount of an individual's capital losses in a given tax year that exceed the maximum amount deductible for the year. The carryover can be applied to capital gains taxes for future years, or deducted in future tax years if future losses are below the maximum deduction. Awareness of carryover regulations is essential for proper management of any capital losses in foreign exchange transactions.
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