Any corporate capital loss not used in the current year can be carried back 2 years and carried forward 20 years to offset capital gains in those years.

Name: Any corporate capital loss not used in the current year can be carried back 2 years and carried forward 20 years to offset capital gains in those years.
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Question

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Corporate capital losses can only be carried back 3 years and carried forward 5 years to offset capital gains in those years, not 2 years back and 20 years forward.

Any Corporate Capital Loss Not Used in the Current Year