Which of the following is true?
A) Corporate capital losses may be deducted against ordinary income.
B) Corporate capital gains are taxed at a capital gains tax rate of 15 percent for the year 2011.
C) Corporate capital losses may be used only to offset capital gains.
D) Corporate capital losses not used currently may be carried back 3 years and forward indefinitely until used.
Correct Answer:
Verified
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A)Is a tax on corporations
Q18: Choose the correct statement.
A)S corporations file their
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Q20: Please choose the correct answer.
A)Corporations use the
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