The taxation of capital gains for a corporation and an individual differs in the following manner: 

a. Net short-term gains and net long-term losses are not netted against one another. 

b. If capital losses exceed capital gains for the tax year, the corporation may deduct $3,000 of excess capital losses against ordinary income. 

c. Corporate net capital gains are taxed at a favorable rate of 20 percent. 

d. Excess capital losses may be carried back three years and forward five years.