Calculation of Ma'aser Kesafim - Offsetting Losses Against Profits from Different Months or Years
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Question
How is profit from a business calculated on a monthly, yearly, or lifetime basis? For example: in 5781, earned 100,000 shekels and set aside 10,000 shekels, and in 5782, lost 150,000 shekels and, of course, did not set aside anything. In 5783, earned again 100,000 shekels. Should the entire period be considered, resulting in a net profit of only 50,000 shekels, or should each year be calculated separately, or perhaps each month?
Answer
All losses and profits for each year are calculated separately, and it is permissible to offset losses against profits within the same year, but not from year to year.
Source
Shulchan Aruch (Siman 249, Se'if 1) Pitchei Teshuva (Sif-Katan 1).