Matching Using the Legend Provided, Classify Each Statement Accordingly

question 114

Multiple Choice

Matching
Using the legend provided, classify each statement accordingly.
-A net short-term capital loss can be used to offset a net long-term capital gain.

• A)Applies only to the income taxation of individuals
• B)Applies only to the income taxation of C corporations
• C)Applies to both the income taxation of individuals and of C corporations
• D)Applies to neither the income taxation of individuals nor of C corporations