BibliographyAmerican National Biography; Scribner Encyclopedia of American Lives; Lodge, Henry C., Jr., The Storm Has Many Eyes, A Personal Narrative. New York: Norton, 1973; Miller, William J., Henry Cabot Lodge: A Biography. New York: Heinman, 1967.
A student can carry forward to a future year, the portion of tuition or education amount that he cannot use and does not transfer to someone else. However, if a student carries forward an amount, he will not be able to transfer it to anyone.
Carrying forward losses. In the case of both revenue and capital losses, the trust can carry the losses forward. However, special rules restrict trusts from carrying forward revenue losses in some circumstances.Part 2 of this article deals with these rules.f the allowable deductions exceed the income, then the trust has a revenue loss. This loss is not distributed to the beneficiaries, but is retained at trust level and applied against net income of later years.