6/20/23, 5:20 PM O O Exam Question 3 of 15 Select the best answer. Entity Comparisons Entity Comparisons Entity Comparisons Which of the following statements regarding losses is true? A. A personal net operating loss may be carried back but not forward to other tax years. B. A sole proprietor may deduct business losses against any form of income. Chp 2.J p9 80 C. In a regular corporation, entity-level losses are passed through to the shareholders. D. In an S corporation, entity-level losses are fully deductible by the shareholder under any circumstance. Submit Answers

Select the best answer. Which of the following statements regarding losses is true? A. A personal net operating loss may be carried back but nol forward to other wak years, B. A sole proprietor may deduct business losses against any form ol incorne. ChO2.J p9 80 C. In a regular corporation, entity-level losses are passed through to the shareholders. D. In an 5 corporation, entity-level losses are fully deductible by the shareholder under any D. circumstance