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Lev
Lev, Tax Advisor
Category: Tax
Satisfied Customers: 29921
Experience:  Taxes, Immigration, Labor Relations
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DOES ORDINARY LOSS IN A "C" CORP OFFSET CAPITAL

Customer Question

DOES ORDINARY LOSS IN A "C" CORP OFFSET CAPITAL GAINS?
Submitted: 1 year ago.
Category: Tax
Expert:  Lev replied 1 year ago.

C corporation capital losses may not be deducted from a C corporation's ordinary income,

Expert:  Lev replied 1 year ago.

However C corporation's ordinary loss will be used to reduce taxable income realized C corporation capital gains.

So - the short answer is yes.

Let me know if you need any help with reporting.

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