2 of 12 Concepts completedMultiple Select QuestionSelect all that applyWhich of the following choices describes the tax treatment of capital losses as they apply to individuals? (Check all that apply)Net capital losses carried back three years and forward five yearsNo offset against ordinary incomeMay annually deduct up to $3,000 of net capital losses against ordinary incomeCan be used to futly offset capital gainsLosses carried fonward indefinitely, but not carried backNeed help? Review these concept resources.(II) Read About the Concept