Question: Which statement is false? A. Net operating losses can be carried forward indefinitely, but are limited to 80% of taxable income in the year they

Which statement is false? A. Net operating losses can be carried forward indefinitely, but are limited to 80% of taxable income in the year they are taken B. The dividends received deduction is based on the percent of ownership the corporation has in the company paying those dividends C. like for individuals, capital gains may be taxed at a different rate than ordinary income

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