A tax loss carryforward is a technique used in accounting, which can allow
you to report losses up to seven years after they occur (in most cases) to
minimize paying taxes in a year when a company or an individual has had a
high profit. Sometimes the tax loss carryforward occurs naturally as a
result of limits on the amount of loss that can be deducted in a certain
year. People or businesses then carry forward the amount above that limit to
the next year to reduce overall tax payments. At other