ParentCo and SubCo report the following items of income and deduction for the current year. ParentCo's SubCo's Taxable Item Taxable Income Income Income loss) from operations $100,000 $10,000)
§ 1231 loss 5,000)
Capital gain 15,000
Charitable contribution 12,000
Compute ParentCo and SubCo's taxable income or loss computed on a separate basis. Then compute the total of those amounts if appropriate.

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The Answer of ParentCo and SubCo report the following items of income and deduction for the current year. ParentCo's SubCo's Taxable Item Taxable Income Income Income loss) from operations $100,000 $10,000)
§ 1231 loss 5,000)
Capital gain 15,000
Charitable contribution 12,000
Compute ParentCo and SubCo's taxable income or loss computed on a separate basis. Then compute the total of those amounts if appropriate.

ParentCo and SubCo Report the Following Items of Income and Deduction