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 DP 121 NON CONSOLIDATED MEMBERS of the COMBINED GROUP GROSS 2023

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[Music] corporate consolidated returns tax basics problem one the stock of fruit corp and vegetable inc is publicly traded and no shareholder owns more than a one percent interest in either corporation fruit corp owns 40 percent and vegetable inc owns 60 of the stock of tomato corp which owns 90 of the stock of persimmon ink vegetable ink and persimmon ink each own fifty percent of the stock of eggplant corp which of these corporations forms an affiliated group eligible to file a consolidated tax return some of you are looking at this and you're you're saying what in the world's going on here so we're dealing with affiliated groups eligible to file consolidated corporate forms consolidate returns and the rule is if you have two c corporations or multiple c corporations say multiple multiple c corporations that they're all u.s so they have to be u.s corporations so u.s corpse and you have 80 or more direct or indirect ownership in terms of the gro

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