Identify Which of the Following Statements Is True

Identify which of the following statements is true.

A) Capital loss carrybacks and carryforwards are all treated as short- term capital losses.
B) A member leaving an affiliated group cannot use capital loss carryovers that originated in one of its previous separate return years.
C) Rules for carryforward and carryback of a consolidated net capital loss and a consolidated NOL are the same with the exception of the carryforward period.
D) All of the above are false.