The definition of capital assets is the same for both corporate and individual taxpayers. Also, both types of taxpayers net short- and long-term gains and losses to arrive at a net capital gain or loss. In the case of a net capital gain, individual taxpayers receive a preferential tax rate (0%/15%/20%) with respect to LTCGs but corporations do not receive any preference as to LTCG tax rates. In the case of a net capital loss, individual taxpayers can deduct up to $3,000 of net capital loss against ordinary income in the current year but corporations cannot deduct any amount of a net capital loss in the current year. Individual taxpayers carry forward capital losses indefinitely, with such losses retaining their character as short term or long term. Corporate taxpayers carry capital losses back three years and forward five years, and such losses are treated as STCL in such years. The above contrast the tax treatment of capital gains and losses of C corporations with that of individual taxpayers is a correct statement