If P, S, and T file a consolidated tax return on a calendar year basis, and P sells the stock of S on October 1, then:
A) S must file a separate return for the period of Jan.1-Oct.1.
B) T must file a separate return for the period of Oct.2-Dec.31.
C) P must file a separate return for the period of Oct.2-Dec.31.
D) S must file a separate return for the period of Oct.2-Dec.31.
E) P must file a separate return for the period of Jan.1-Oct.1.
Correct Answer:
Verified
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