Ted is the sole shareholder of a C corporation, and Sue owns a sole proprietorship. Both businesses were started in 2010, and each business sustained a $5,000 net capital loss for the year. Which of the following statements is correct?
a. Ted's corporation can deduct the $5,000 capital loss in 2010.
b. Ted's corporation can deduct $3,000 of the capital loss in 2010.
c. Sue can carry the capital loss back three years and forward five years.
d. Sue can deduct the $5,000 capital loss against ordinary income in 2010.
e. None of the above.