A Corporation May Carry a Net Capital Loss Forward Five

question 119

True/False

A corporation may carry a net capital loss forward five years to offsetnet capital gains in future years but it may not carry a net capital loss back to offsetnet capital gains in previous years.

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Definitions:

Anterior Cervical Triangle

An anatomical region of the neck bounded by the sternocleidomastoid muscle, the mandible, and the midline of the neck.

Suprahyoid Triangle

An anatomical region of the neck bounded by the mandible, the stylohyoid muscle, and the digastric muscle, containing structures above the hyoid bone.

Superior Carotid Triangle

An anatomical area of the neck, bounded by the sternocleidomastoid muscle, the stylohyoid muscle, and the posterior belly of the digastric muscle, containing the carotid arteries.

Submandibular Triangle

An anatomical region of the neck bounded by the mandible and two muscles, containing the submandibular gland among other structures.