With regard to the treatment of capital losses by corporations other than S corporations, which of the following statements is false?

A$.$

A capital loss carryover may not be used to determine the current$-$year net capital loss.

B$.$

When a corporation carries a short$-$term net loss to another tax year, the character becomes long$-$term.

C$.$

A net capital loss may be carried back $3$ years and carried forward for up to $5$ years.

D$.$

A refund may be granted if tax is refigured due to a capital loss carryback.