Keep Corporation joined an affiliated group by merger.The group generated a 2012 consolidated NOL,and Keep's share of the loss was $50,000.Keep's share of the loss is included in the group's NOL carryforward to 2013.

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When a corporation joins an affiliated group by merger, it becomes part of the group's consolidated tax return. The group generates a consolidated NOL, which includes the NOLs of all the members of the group. Keep's share of the NOL ($50,000) would be included in the group's NOL carryforward, which can be used to offset future taxable income of the group.

Keep Corporation Joined an Affiliated Group by Merger