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DOES ORDINARY LOSS IN A "C" CORP OFFSET CAPITAL…

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DOES ORDINARY LOSS IN A...
DOES ORDINARY LOSS IN A "C" CORP OFFSET CAPITAL GAINS?
Submitted: 2 years ago.Category: Tax
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Answered in 7 minutes by:
2/17/2016
Tax Professional: Lev, Tax Advisor replied 2 years ago
Lev
Lev, Tax Advisor
Category: Tax
Satisfied Customers: 33,300
Experience: Taxes, Immigration, Labor Relations
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C corporation capital losses may not be deducted from a C corporation's ordinary income,

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Tax Professional: Lev, Tax Advisor replied 2 years 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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