For corporations,both NLTCLs and NSTCLs are eligible for a 3-year carryback and a 5-year carryforward as an offset against capital gains for those years.

Question

Quizplus · Accepted Answer

NLTCLs (Net Long-Term Capital Losses) and NSTCLs (Net Short-Term Capital Losses) can be carried back for 3 years and carried forward for 5 years by corporations as an offset against capital gains for those years.

For Corporations,both NLTCLs and NSTCLs Are Eligible for a 3-Year