35 Miss. Code R. § 3-06-01-105

Current through June 25, 2024

Section 35-3-06-01-105

A disaster loss occurring after the end of the taxpayer's filing year, but before the due date of the return, may deduct such loss on the aforementioned return. The order of carryback and carryover is as follows:

1. Third preceding taxable year;

2. Second preceding taxable year;

3. First preceding taxable year;

4. First succeeding taxable year;

5. Second succeeding taxable year;

6. Third succeeding taxable year;

7. Fourth succeeding taxable year;

8. Fifth succeeding taxable year;

9. Sixth succeeding taxable year; and

10. Seventh succeeding taxable year.

35 Miss. Code. R. § 3-06-01-105