In computing consolidated taxable income,capital and § 1231 gains and losses are removed from the taxable incomes of the group members and determined on a group basis.

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In computing consolidated taxable income, capital and § 1231 gains and losses are removed from the taxable incomes of the group members and determined on a group basis. This reduces complexity and ensures that the gains and losses are properly accounted for at the group level.

In Computing Consolidated Taxable Income,capital and § 1231 Gains and Losses