The net operating losses of a C corporation can be carried forward to reduce its taxable income in future tax years.

Name: The net operating losses of a C corporation can be carried forward to reduce its taxable income in future tax years.
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Quizplus · Accepted Answer

This is true. C corporations can carry forward the net operating losses for up to 20 years to offset future taxable income. However, they cannot carry the losses back to previous years.

The Net Operating Losses of a C Corporation Can Be