Which of the following comparisons is correct?
A)Corporations may carry back capital losses; individuals may not.
B)Both corporation and individual long-term capital losses carry over as short-term capital losses.
C)Corporations may carry forward capital losses indefinitely; individuals may carry forward capital losses for only five years.
D)Both corporations and individuals may use an alternative tax rate on net capital gains.
E)None of these.

Question

Quizplus · Accepted Answer

Corporations can carry back capital losses to offset capital gains in prior years, while individuals cannot.

Which of the Following Comparisons Is Correct