AlanT222
Expert Alumni

Business & farm

You are correct. 

 

Complete and submit an original, signed Form 1122 to the common parent corporation of the consolidated group for the first tax year the subsidiary consents to be included in the group’s consolidated income tax return. 

The common parent corporation of a consolidated group must attach a separate Form 1122 to the group’s consolidated income tax return for each subsidiary corporation for the first tax year each subsidiary consents to be included in the consolidated return.

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