Multiple Choice
Which of the following is true concerning capital losses and net operating losses for corporations:
Capital loss Net operating loss
A) Carried back 5 years Carried back 2 years
B) Carried back 5 years Carried forward indefinitely
C) Carried back 3 years Carried forward indefinitely
D) Carried back 5 years Carried forward 5 years
E) Carried back 3 years Carried forward 5 years
Correct Answer:
Verified
Correct Answer:
Verified
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