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

Question

Quizplus · Accepted Answer

Both NLTCLs and NSTCLs (Net Long-Term Capital Losses and Net Short-Term Capital Losses) can be carried back up to 3 years and carried forward up to 5 years to offset capital gains for those years, according to the tax code for corporations.

For Corporations, Both NLTCLs and NSTCLs Are Subject to a 3-Year