General carried forward allowable or dis allowable?
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Apr 1
General carried forward is typically allowable, as it refers to the ability to carry forward unused amounts from one period to the next. This can apply to various types of deductions, credits, losses, or other tax-related items. However, the specific rules and limitations for carryforwards can vary depending on the jurisdiction and the type of item being carried forward. It is important to consult with a tax professional or refer to the relevant tax laws and regulations to determine the specific treatment of carryforwards in a particular situation.