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Tax Drill - Corporate NCG or NCL Complete the following statements regarding the treatment of a corporation's net capital gain or loss. For corporations there
Tax Drill - Corporate NCG or NCL Complete the following statements regarding the treatment of a corporation's net capital gain or loss. For corporations there net capital gain alternative tax rate. permitted against ordinary taxable income. Corporations may carry back net capital losses as capital losses for years; if losses still remain after the carryback, the remaining losses may carry forward
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