ParentCo,SubOne and SubTwo have filed consolidated returns since 2009.All of the entities were incorporated in 2008.Taxable income computations for the members include the following.None of the group members incurred any capital gain or loss transactions during these years,nor did they make any charitable contributions.

How should the 2010 consolidated net operating loss be apportioned among the group members?
ParentCo SubOne SubTwo
A)$60,000 $ 0 $ 0
B)$20,000 $20,000 $20,000
C)$ 0 $20,000 $40,000
D)$ 0 $40,000 $20,000

Question

ParentCo,SubOne and SubTwo have filed consolidated returns since 2009.All of the entities were incorporated in 2008.Taxable income computations for the members include the following.None of the group members incurred any capital gain or loss transactions during these years,nor did they make any charitable contributions.

How should the 2010 consolidated net operating loss be apportioned among the group members?
ParentCo SubOne SubTwo

How should the 2010 consolidated net operating loss be apportioned among the group members?
ParentCo SubOne SubTwo
A)$60,000 $ 0 $ 0 
B)$20,000 $20,000 $20,000 
C)$ 0 $20,000 $40,000 
D)$ 0 $40,000 $20,000

Quizplus · Accepted Answer

The Answer of ParentCo,SubOne and SubTwo have filed consolidated returns since 2009.All of the entities were incorporated in 2008.Taxable income computations for the members include the following.None of the group members incurred any capital gain or loss transactions during these years,nor did they make any charitable contributions.

How should the 2010 consolidated net operating loss be apportioned among the group members?
ParentCo SubOne SubTwo
A)$60,000 $ 0 $ 0 
B)$20,000 $20,000 $20,000 
C)$ 0 $20,000 $40,000 
D)$ 0 $40,000 $20,000

ParentCo,SubOne and SubTwo Have Filed Consolidated Returns Since 2009