With regard to treatment of capital losses by corporation

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Reference no: EM13906995

With regard to the treatment of capital losses by a corporation other than an S corporation, which of the following statements is false?

If a corporation has a net capital loss, it cannot deduct the loss in the current year.

When figuring a current-year net capital loss, you must include any capital loss carried from another year

A corporation may not carry a capital loss from, or to, a year during which it is an S corporation.

When a corporation carries a long-term net capital loss to another year, it is treated as a short-term loss

Reference no: EM13906995

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