A Large Corporation Had a Net Long-Term Capital Loss in 2018

question 50

Multiple Choice

A large corporation had a net long-term capital loss in 2018 and net operating loss in 2018. What are the earliest year(s) to which these losses can be carried?

• A) 2013 for both
• B) 2019 for both
• C) 2015 for the capital loss; 2013 for the NOL
• D) 2015 for the capital loss; 2019 (or the first subsequent year with net income) for the NOL

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Definitions:

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