In computing consolidated taxable income, compensation amounts are removed from the taxable incomes of the group members and determined on a group basis.

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In computing consolidated taxable income, compensation amounts are not removed from the taxable incomes of the group members. Each member's taxable income is calculated individually, including their compensation amounts, before being combined to determine the group's consolidated taxable income.

In Computing Consolidated Taxable Income, Compensation Amounts Are Removed from the Taxable