alpha and beta corporations comprise an affiliated gr/

Alpha long-term capital gains include a $4,400 gain on land it sold to Beta during the current year. Beta had not sold the land by the end of the current year. The corporations have no other intercompany transactions and no capital loss carryovers. Ignore the U.S. production activities deduction.
a. Determine each corporation current year taxable income if they file separate tax returns for the current year.
b. Determine the group current year taxable income if the corporations elect to file a consolidated tax return.

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