What are some of the advantages and disadvantages of filing a consolidated return?
1) profits of one member of the group can be offset against losses of another member of the group;
2) capital gains of one member of the group can be offset against capital losses of another member of the group; and
3) profits or gains reported on intercompany transactions are deferred until a sale outside the group takes place.
Disadvantages include:

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The Answer of What are some of the advantages and disadvantages of filing a consolidated return?
1) profits of one member of the group can be offset against losses of another member of the group;
2) capital gains of one member of the group can be offset against capital losses of another member of the group; and
3) profits or gains reported on intercompany transactions are deferred until a sale outside the group takes place.
Disadvantages include:

What Are Some of the Advantages and Disadvantages of Filing