Under the consolidated return rules, the realized gain from an intercompany transaction is deferred. For most taxpayers, this produces:

Question $44$ options:

A$)$

An advantage in terms of the time value of money.

B$)$

A disadvantage in terms of the time value of money.

C$)$

A compliance issue that cannot be resolved.

D$)$

A $20\%$ penalty on the consolidated group.