35 Miss. Code R. § 3-06-01-104
Current through June 25, 2024
Disaster losses are computed the same way with certain limitations. In the year of the loss, for the carryback or carryover computations, a taxpayer may not deduct his personal exemptions, a disaster loss carryback or carryover from another year, or a net operating loss deduction from another year. The carryback and carryover amount is limited to the net disaster loss after the computation in the preceding paragraph.
35 Miss. Code. R. § 3-06-01-104