If the corporation realizes no other capital gains or losses, what is the proper treatment for the $10,000 long-term capital loss on the tax return? A. Use $3,000 of the loss to reduce taxable income and carry $7,000 of the long-term capital loss forward for five years. B. Use $6,000 of the loss to reduce taxable income by and carry $4,000 of the longterm capital loss forward for five years. C. Use $10,000 of the long-term capital loss to reduce taxable income by. D. Carry the $10,000 long-term capital loss back three years as a short-term capital loss then forward five years.
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