LO.1, 2 In 2012, Plover Corporation, a C corporation with four equal shareholders, had an operating loss of $80,000 and a long-term capital gain of $20,000. Also in 2012, Vireo Partnership, with four equal partners, had an operating loss of $80,000 and a long-term capital gain of $20,000. Plover did not pay any dividends, and Vireo’s partners did not make any withdrawals. Contrast the tax treatment of the entities and their owners.