A taxpayer has an allowable capital loss of $5,000. How will it be used?

A. It may be deducted against all types of income.

B. The loss may be carried back 3 years or forward indefinitely and used against taxable

capital gains.

C. The loss may be carried back 3 years or forward 10 years against any income.

D.The loss may be carried back 3 years or forward 20 years against any taxable capital

gains