Corporate taxpayers may offset capital losses only against capital gains and may carry excess losses back three years and then forward five years.

Question

Quizplus · Accepted Answer

This statement is true according to the tax laws in many countries, including the United States. Corporate taxpayers may generally offset capital losses only against capital gains, and any excess losses can be carried back for up to three years and forward for up to five years. However, there may be certain limitations or restrictions depending on the specific tax laws and circumstances of the taxpayer.

Corporate Taxpayers May Offset Capital Losses Only Against Capital Gains