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    Federal Taxation
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    Exam 8: Consolidated Tax Returns
  5. Question
    Keep Corporation Joined an Affiliated Group by Merger
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Keep Corporation Joined an Affiliated Group by Merger

Question 44

Question 44

True/False

Keep Corporation joined an affiliated group by merger.The group generated a 2012 consolidated NOL,and Keep's share of the loss was $50,000.Keep's share of the loss is included in the group's NOL carryforward to 2013.

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