Match the following statements.
-Net capital loss
A)For the corporate taxpayer, taxed using the regular tax rates.
B)Must be capitalized, but can be amortized over 180 months.
C)For the corporate taxpayer, the rate is 21%.
D)For the corporate taxpayer, cannot be deducted at all in the current tax year.
E)For the corporate taxpayer, limited to 10% of taxable income before certain deductions.

Question

Quizplus · Accepted Answer

Net capital losses for corporate taxpayers cannot be deducted in the current tax year; instead, they can be carried back or forward to other tax years.

Match the Following Statements