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Home > QFINANCE Dictionary > Definition of tax loss carry back

Definition of

tax loss carry back

Tax

using current losses to lower past year's taxes the reduction of taxes in a previous year, by subtraction from income for that year of losses suffered in the current year

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Definitions of ’tax loss carry back’ and meaning of ’tax loss carry back’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’tax loss carry back’ and other financial terms with our online QFINANCE Financial Dictionary.

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