After the CARES Act of 2020 which of the following statements is incorrect regarding the taxation of C Corporations for tax years beginning in 2018, 2019 and 2020? Net capital losses in excess of capital gains are not allowed as current deductions to the corporation. Net Operating Losses carry can eliminate 100% (as opposed to 80%) of any taxable income in any year beginning prior to 2021, Net operating losses can be carried back three years and then carried forward indefinitely Excess capital losses can be carried back three years and then carried forward five years