Which of the following is different for corporations than it is for individuals?

Question

Quizplus · Accepted Answer

Corporations have different rules for carrying over and deducting capital losses than individuals. Corporations cannot use capital losses to offset ordinary income, but instead can carry them back two years or forward 20 years to offset future capital gains. Individuals, on the other hand, can use capital losses to offset both capital gains and up to $3,000 of ordinary income each year. Therefore, the treatment of capital loss carryovers is different for corporations than it is for individuals.

Which of the Following Is Different for Corporations Than It