Individuals and C corporations may reduce income by 100 percent of net capital losses but not to exceed $3,000 per year.

Name: Individuals and C corporations may reduce income by 100 percent of net capital losses but not to exceed $3,000 per year.
Brand: Quizplus
Rating: 4.8 (58 reviews)

Question

Quizplus · Accepted Answer

Individuals can deduct net capital losses up to $3,000 per year against other income, but C corporations cannot deduct net capital losses against other income; they can only carry them back three years and forward five years to offset capital gains.

Individuals and C Corporations May Reduce Income by 100 Percent