carryforwards meaning

[Finance]
Tax losses allowed to be applied to offset future income in some specified number of future years.

• net operating loss carryforwards:    [Finance]Applicati ...

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1. The results reflect the application of tax operating loss carryforwards, according to an SEC filing.
2. It instead reduces tax credits and carryforwards that would be used to offset future earned income.
3. Griffin estimates the net operating loss carryforwards at $ 10 million to $ 11 million over 12 years.
4. Griffin estimates those operating loss carryforwards at $ 10 million to $ 11 million each year for 12 years.
5. That will leave the company's net operating loss carryforwards at about $ 750 million, the company said.