35 Miss. Code R. § 3-01-03-107
Current through May 31, 2024
The expenses, liabilities or credits of one year cannot be used to reduce the income of a subsequent year. If a taxpayer does not within any year properly deduct their expenses, losses, interest, taxes or other charges, they cannot deduct them from the income of the next or any succeeding year.
35 Miss. Code. R. § 3-01-03-107