A partnership owned at least 80% by a corporation is included in a consolidated group's U.S. income tax return.

Name: A partnership owned at least 80% by a corporation is included in a consolidated group's U.S. income tax return.
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A partnership cannot be included in a consolidated group's U.S. income tax return because consolidated tax returns are limited to corporations, and partnerships are treated as separate entities for tax purposes.

A Partnership Owned at Least 80% by a Corporation Is