_____ 4.A corporation can elect to carry a capital loss back first to the third preceding tax year before it is carried forward five years,but it would otherwise only carry the capital loss forward.

Question

Quizplus · Accepted Answer

Corporations can carry a capital loss back to the three preceding tax years, not just the third year, before carrying it forward for five years.

_____ 4A Corporation Can Elect to Carry a Capital Loss Back