Corporate loss carry forward works as follows:

Question 12 options:

	A.) companies can reduce taxes in only one profitable year if there was loss of equal or greater value in the prior year.
	B.) allows taxpayers to not pay taxes for up to 20 years as long as the cumulative future income up to the amounts of losses recorded.
	C.) loss carry forwards are limited to real estate firms
	D.) loss carry forwards applies one year's losses to reduce future years' income by 50%