Corporations have more choices when it comes to charitable deductions and capital losses.
When it comes to losing or giving away money, corporations have an advantage over sole proprietors. The corporation can spread capital losses out over several years, easing the tax pain, and shuffle charitable contributions into a tax year where it will do the most good on the corporate return. This tax tip will explain how. Going back in time Corporate giving Accrual method offers more options When it comes to the tax treatment of a corporation's proceeds for the year, annual capital losses deducted can't exceed capital gains. This means that when a corporation incurs a net capital loss for the year, it can't deduct it all immediately.