Carson River Corporation incurs a net capital loss of $20,000 in 2022 that is carried forward to 2023. Cedar River will deduct the net capital loss in the computation of current E&P for 2023. True False Question 4 (1 point) Saved Listen East River Beer Corporation incurs federal income taxes of $250,000 in 2022. East River may not deduct the federal income taxes in computing its current E&P for 2022. True False