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Subsidiary holds an allocated net operating loss (NOL) when it leaves the Parent consolidated
group. As a result: a. The loss is suspended for five years in case Subsidiary rejoins the group;
then Parent can use it. b. The group keeps Subsidiary's allocated loss. c. The loss is suspended
for five years in case Subsidiary rejoins the group. At that time. Subsidiary uses the loss on its
separate return. d. Subsidiary takes its allocated NOL and uses it on subsequent separate tax
returns.

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