35 Miss. Code. R. 3-05-06-102
Current through December 10, 2024
In order to qualify as an operating loss carryover under the provisions of Section 27-7-17(1)(l) of the Code, the loss to be carried over must have been incurred first; from sources within the boundaries of the State of Mississippi, or from sources within the jurisdictional boundaries of the Income Tax Laws of the State of Mississippi; and secondly, the loss must have been reported as such on an income tax return filed with the State of Mississippi for the year of the loss by the taxpayer claiming the loss carryover.
35 Miss. Code. R. 3-05-06-102