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Which of the following comparisons is correct? a.Both corporations and individuals may use an alternative tax rate on net capital gains. b.Corporations may carry forward
Which of the following comparisons is correct?
a.Both corporations and individuals may use an alternative tax rate on net capital gains.
b.Corporations may carry forward capital losses indefinitely; individuals may carry forward capital losses for only five years.
c.Both corporation and individual long-term capital losses carry over as short-term capital losses.
d.Corporations may carry back capital losses; individuals may not.
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