In Comparing Regular (C)corporations with Individuals,which of the Following,if Any,relate

question 78

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 five years.
• D) Excess capital losses cannot be carried back.
• E) None of the above.

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