Which of the following is true concerning capital losses and net operating losses for corporations:
$\begin{array}{lc}
&\text { Capital loss } & \text { Net operating loss } \
a.&\text { Carried back } 5 \text { years } & \text { Carried back } 2 \text { years } \
b.&\text { Carried back } 5 \text { years } & \text { Carried forward } 20 \text { years } \
c.&\text { Carried back } 3 \text { years } & \text { Carried forward } 20 \text { years } \
d.&\text { Carried back } 5 \text { years } & \text { Carried forward } 5 \text { years } \
e.&\text { Carried back } 3 \text { years } & \text { Carried forward } 5 \text { years }
\end{array}$

Question

Which of the following is true concerning capital losses and net operating losses for corporations:
$\begin{array}{lc}
&\text { Capital loss } & \text { Net operating loss } \
a.&\text { Carried back } 5 \text { years } & \text { Carried back } 2 \text { years } \
b.&\text { Carried back } 5 \text { years } & \text { Carried forward } 20 \text { years } \
c.&\text { Carried back } 3 \text { years } & \text { Carried forward } 20 \text { years } \
d.&\text {  Carried back } 5 \text { years } & \text { Carried forward } 5 \text { years } \
e.&\text {  Carried back } 3 \text { years } & \text { Carried forward } 5 \text { years }
\end{array}$

Quizplus · Accepted Answer

The Answer of Which of the following is true concerning capital losses and net operating losses for corporations:
$\begin{array}{lc}
&\text { Capital loss } & \text { Net operating loss } \
a.&\text { Carried back } 5 \text { years } & \text { Carried back } 2 \text { years } \
b.&\text { Carried back } 5 \text { years } & \text { Carried forward } 20 \text { years } \
c.&\text { Carried back } 3 \text { years } & \text { Carried forward } 20 \text { years } \
d.&\text {  Carried back } 5 \text { years } & \text { Carried forward } 5 \text { years } \
e.&\text {  Carried back } 3 \text { years } & \text { Carried forward } 5 \text { years }
\end{array}$

Which of the Following Is True Concerning Capital Losses and Net