In comparing regular (C) corporations with individuals,which of the following,if any,relate only to (C) corporations?
A) A net short-term capital gain is taxed as ordinary income.
B) An election can be made to defer recognition of gain on an involuntary conversion under § 1033.
C) The carryover period for excess capital losses is unlimited.
D) Excess capital losses can be carried back.
E) None of these.
Correct Answer:
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