A corporation's capital loss carryback or carryover is:
a. Not allowable under current law.
b. Limited to $3,000.
c. Always treated as a long-term capital loss.
d. Always treated as a short-term capital loss.
Answer: D
A corporation's capital loss carryback or carryover is:
a. Not allowable under current law.
b. Limited to $3,000.
c. Always treated as a long-term capital loss.
d. Always treated as a short-term capital loss.
Answer: D