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. A C corporation: a. Must carry back an NOL two years before it may carry it forward 20 years. b. May carry back a

. A C corporation:

a. Must carry back an NOL two years before it may carry it forward 20 years.

b. May carry back a capital loss 3 years and forward 5 years.

c. May carry back an excess charitable contribution three years.

d. Does not count capital gains as ordinary income.

e. None of the above.

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