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  3. a large corporation had a net long-term capital lo

A large corporation had a net long-term capital loss in 2016 and net operating loss...

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Question

Accounting

A large corporation had a net long-term capital loss in 2016 and net operating loss in 2016. What are the earliest year(s) to which these losses can be carried?

Select one:

a. 2014 for the capital loss; 2012 for the NOL

b. 2013 for the capital loss; 2014 for the NOL

c. 2013 for both

d. 2012 for both

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