CARRYOVER
carryover. An income-tax deduction (esp. for a net operating loss) that cannot be taken entirely in a given period but may be taken in a later period (usu. the next five years). ¡ª Also termed loss carryover; tax-loss carryover; carryforward; loss carryforward; tax-loss carryforward. Cf. CARRYBACK. [Cases: Internal Revenue 3438, 3439; Taxation 1043. C.J.S. Internal Revenue ¡ì 409; Taxation ¡ì 1752.]
How would a bilingual lawyer translate the term CARRYOVER into Chinese?
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