Business, 06.05.2020 05:40 cameronbeaugh
Which of the following statements regarding capital gains and losses is false? A. Jake, the sole shareholder of Peach Corporation, a C corporation, has the corporation pay him $100,000. For income tax purposes, Jake would prefer to have the payment treated as dividend instead of salary. B. Like individuals, corporations can deduct $3,000 of net capital losses against ordinary income in a given year. C. C Corporation can carry back net capital loss three years and they can carry them forward for five years. D. Corporations must apply capital loss carrybacks and carryovers in a particular order.
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Which of the following statements regarding capital gains and losses is false? A. Jake, the sole sha...
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