In contrast to an individual, a corporation may deduct the entire amount of a net capital loss.

Question

Quizplus · Accepted Answer

Corporations can only deduct capital losses to the extent of their capital gains. If their losses exceed their gains, they can carry back the loss to the previous three years and forward to the next five years to offset gains in those years, but they cannot deduct the entire amount of a net capital loss from their ordinary income like individuals can.

In Contrast to an Individual, a Corporation May Deduct the Entire