_____ 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; alternatively, it can elect to only carry the capital loss forward.

Question

Quizplus · Accepted Answer

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

_____ 4 a Corporation Can Elect to Carry a Capital Loss