Which of the following is true concerning capital losses and net operating losses for corporations: Capital loss Net operating loss
A) Carried back 5 years Carried back 2 years
B) Carried back 5 years Carried forward 20 years
C) Carried back 3 years Carried forward 20 years
D) Carried back 5 years Carried forward 5 years
E) Carried back 3 years Carried forward 5 years

Question

Which of the following is true concerning capital losses and net operating losses for corporations:  Capital loss Net operating loss
A) Carried back 5 years Carried back 2 years 
B) Carried back 5 years Carried forward 20 years 
C) Carried back 3 years Carried forward 20 years 
D) Carried back 5 years Carried forward 5 years 
E) Carried back 3 years Carried forward 5 years

Quizplus · Accepted Answer

The Answer of Which of the following is true concerning capital losses and net operating losses for corporations:  Capital loss Net operating loss
A) Carried back 5 years Carried back 2 years 
B) Carried back 5 years Carried forward 20 years 
C) Carried back 3 years Carried forward 20 years 
D) Carried back 5 years Carried forward 5 years 
E) Carried back 3 years Carried forward 5 years

Which of the Following Is True Concerning Capital Losses and Net