Question: A corporation has a $ 5 0 , 0 0 0 short - term capital loss for the year. The corporation has $ 1 ,

A corporation has a $50,000 short-term capital loss for the year. The corporation has $1,200,000 of taxable income from other sources. The taxable income for the year is $1,200,000.
True
False
A corporation has a $50,000 short-term capital loss for the year.

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