Gains and losses from property transactions are handled in the same manner. IRC 1221 makes no distinction between corporation and noncorporation taxpayers in determining whether a gain or loss is capital or ordinary.
Many tax credits are also available to both individuals and corporations.
The following covers some of the basic rules for income and expenses of corporations that are dissimilar to those of individual taxpayers. The dividends received deduction is meant to reduce the negative effects of the double tax on C corporation profits distributed to corporation shareholders as dividends. Certain dividends from Federal Home Loan Banks. Capital gain dividends from a regulated investment company or real estate investment trust, and return of capital distributions do not qualify. Certain limitations apply to regulated investment company dividends received.