A corporation has a net capital loss. The significance of a net capital loss in 2018 for a corporation is that it can be carried back 3 years and carried forward 5 years by a corporation to offset capital gains in other taxable years.

Question

Quizplus · Accepted Answer

A net capital loss for a corporation can be carried back up to 3 years and carried forward for up to 5 years to offset any capital gains in other taxable years. This is known as a capital loss carryover.

A Corporation Has a Net Capital Loss