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Which of the following is true? a.Corporate capital losses not used currently may be carried back 3 years and forward indefinitely until used. b.Corporate capital
Which of the following is true?
a.Corporate capital losses not used currently may be carried back 3 years and forward indefinitely until used.
b.Corporate capital losses may be used only to offset capital gains.
c.Corporate capital gains are taxed at a capital gains tax rate of 15 percent for 2020.
d.Corporate capital losses may be deducted against ordinary income.
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