Reachback(redirected from Reachbacks)
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The ability of a tax shelter or limited partnership to deduct certain costs and expenses at the end of the year that were incurred throughout the entire year.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
The ability for a tax shelter or limited partnership to wait until the end of a calendar year to apply deductions or credits it incurred over the entire previous year.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved