When a corporation has an unused net capital loss that is carried back or carried forward to another tax year,
a. $It retains its original identity as short-term or long-term.
b. It is treated as a short-term capital loss whether or not it was short-term when sustained.
c. It is treated as a long-term capital loss whether or not it was long-term when sustained.
d. It can be used to offset ordinary income up to the amount of the carryback or carryover.
Answer: B
Tax
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