When negative adjustments are made to the stock basis of the subsidiary that exceed the basis as of the beginning of the tax year, an) account is created rather than giving the parent a negative tax basis in the stock.

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The Answer of When negative adjustments are made to the stock basis of the subsidiary that exceed the basis as of the beginning of the tax year, an) account is created rather than giving the parent a negative tax basis in the stock.

When Negative Adjustments Are Made to the Stock Basis of the Subsidiary