35 Miss. Code R. § 3-01-06-100
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 the taxpayer does not within any year deduct certain of his expenses, losses, interest, taxes or other charges, he cannot deduct them from the income of the next or any succeeding year.
35 Miss. Code. R. § 3-01-06-100