Unlike individuals, corporations with excess capital losses in the current year are allowed to carry these losses back five years and forward three years to offset capital gains in the carryback or carryforward years.

Question

Quizplus · Accepted Answer

Corporations can carry back capital losses to the three preceding years and carry them forward to the five following years to offset capital gains in those years, not five years back and three years forward as stated.

Unlike Individuals, Corporations with Excess Capital Losses in the Current