A C corporation has a $63,000 net capital loss in 2019. The corporation reported the following capital gain net income during the previous six years. What should the corporation do with the 2019 loss?

Year Net Capital Gain

2013 $50,000

2014 $13,000

2015 $20,000

2016 $30,000

2017 $1,500

2018 $26,500

Select one:

a. Carry it back to 2013 and 2014, amend those two tax returns, and get a refund of taxes paid for 2013 and 2014.

b. Carry it back to 2014, 2015, and 2016, amend those three tax returns, and get a refund of taxes paid for 2014, 2015, and 2016.

c. Carry it back to 2016, 2017, and 2018, amend those three tax returns, and get a refund of taxes paid for 2016, 2017, and 2018. The remaining $5,000 is carried to future years.

d. Carry it back to 2017 and 2018, amend those two tax returns, and get a refund of taxes paid for 2017 and 2018. The remaining $35,000 is carried to future years.