P, S, and T Corporations comprise a consolidated group. In the current year, P has a profit,

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P, S, and T Corporations comprise a consolidated group. In the current year, P has a profit, while S and T both incur a loss. The net of P’s profit with S’s and T’s losses result in a consolidated NOL. In what years can P, S, and/or T deduct the consolidated NOL?
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Federal Taxation 2016 Comprehensive

ISBN: 9780134104379

29th Edition

Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson

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