Identify Which of the Following Statements Is True

question 56

Multiple Choice

Identify which of the following statements is true.

• A) Capital loss carrybacks and carryforwards are all treated as short- term capital losses.
• B) A member leaving an affiliated group cannot use capital loss carryovers that originated in one of its previous separate return years.
• C) Rules for carryforward and carryback of a consolidated net capital loss and a consolidated NOL are the same with the exception of the carryforward period.
• D) All of the above are false.

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