In Comparing Regular C Corporations with Individuals, Which of the Following

question 43

Multiple Choice

In comparing regular C corporations with individuals, which of the following, if any, relate only to C corporations?

• A)A net short-term capital gain is taxed as ordinary income.
• B)An election can be made to defer recognition of gain on an involuntary conversion under § 1033.
• C)The carryover period for excess capital losses is unlimited.
• D)Excess capital losses can be carried back.
• E)None of the above.

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