What is the SRLY-Sec. 382 overlap rule? Explain its significance and application to a consolidated tax return.

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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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Question Posted: Dec 11, 2015 03:34 AM

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What is the SRLY-Sec. 382 overlap rule? Explain its significance and application to a consolidated tax return.

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The overlap rule waives the application of the SRLY rules in many circumstances where the Sec 382 li...View the full answer

Federal Taxation 2016 Comprehensive

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