Question: Assume the same facts as in Problem 8-32. What tax returns must the corporations file for the current year? In problem 8-32 a. On February

Assume the same facts as in Problem 8-32. What tax returns must the corporations file for the current year?
In problem 8-32
a. On February 1 of the current year, P purchases all of T Corporation’s stock.
b. On March 1 of the current year, P purchases all of T Corporation’s stock. On October 1 of the current year, P sells all of S’s stock.
c. On April 1 of the current year, P sells all of S’s stock. On September 1 of the current year, P purchases all of T Corporation’s stock.
d. On May 1 of the current year, P sells all of S’s stock. On January 1 of the next year, P purchases all of T Corporation’s stock.
e. On June 1, R Corporation purchases all of P’s stock. R had no subsidiaries prior to June 1.
f. On July 1, R Corporation purchases all of P’s stock. On July 1, R has several wholly owned subsidiaries with which it has filed consolidated tax returns for several years.

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