id	sid	tid	token	lemma	pos
ftr-330	1	1	tcharity	tcharity	NOUN
ftr-330	1	2	really	really	ADV
ftr-330	1	3	does	do	AUX
ftr-330	1	4	begin	begin	VERB
ftr-330	1	5	at	at	ADP
ftr-330	1	6	home	home	NOUN
ftr-330	1	7	:	:	PUNCT
ftr-330	1	8	florida	florida	PROPN
ftr-330	1	9	tax	tax	PROPN
ftr-330	1	10	review	review	NOUN
ftr-330	1	11	volume	volume	NOUN
ftr-330	1	12	12	12	NUM
ftr-330	1	13	2012	2012	NUM
ftr-330	1	14	number	number	NOUN
ftr-330	1	15	3	3	NUM
ftr-330	1	16	125	125	NUM
ftr-330	1	17	understanding	understand	VERB
ftr-330	1	18	consolidated	consolidated	ADJ
ftr-330	1	19	returns	return	NOUN
ftr-330	1	20	by	by	ADP
ftr-330	1	21	martin	martin	PROPN
ftr-330	1	22	j.	j.	PROPN
ftr-330	1	23	mcmahon	mcmahon	PROPN
ftr-330	1	24	,	,	PUNCT
ftr-330	1	25	jr	jr	PROPN
ftr-330	1	26	.	.	PROPN
ftr-330	1	27	*	*	PUNCT
ftr-330	1	28	abstract	abstract	ADJ
ftr-330	1	29	section	section	NOUN
ftr-330	1	30	1501	1501	NUM
ftr-330	1	31	allows	allow	VERB
ftr-330	1	32	all	all	PRON
ftr-330	1	33	of	of	ADP
ftr-330	1	34	the	the	DET
ftr-330	1	35	members	member	NOUN
ftr-330	1	36	of	of	ADP
ftr-330	1	37	an	an	DET
ftr-330	1	38	affiliated	affiliated	ADJ
ftr-330	1	39	group	group	NOUN
ftr-330	1	40	of	of	ADP
ftr-330	1	41	corporations	corporation	NOUN
ftr-330	1	42	to	to	PART
ftr-330	1	43	elect	elect	VERB
ftr-330	1	44	to	to	PART
ftr-330	1	45	file	file	VERB
ftr-330	1	46	a	a	DET
ftr-330	1	47	consolidated	consolidated	ADJ
ftr-330	1	48	return	return	NOUN
ftr-330	1	49	.	.	PUNCT
ftr-330	2	1	a	a	DET
ftr-330	2	2	consolidated	consolidated	ADJ
ftr-330	2	3	return	return	NOUN
ftr-330	2	4	permits	permit	VERB
ftr-330	2	5	the	the	DET
ftr-330	2	6	includible	includible	ADJ
ftr-330	2	7	members	member	NOUN
ftr-330	2	8	of	of	ADP
ftr-330	2	9	an	an	DET
ftr-330	2	10	affiliated	affiliated	ADJ
ftr-330	2	11	group	group	NOUN
ftr-330	2	12	of	of	ADP
ftr-330	2	13	corporations	corporation	NOUN
ftr-330	2	14	to	to	PART
ftr-330	2	15	combine	combine	VERB
ftr-330	2	16	their	their	PRON
ftr-330	2	17	incomes	income	NOUN
ftr-330	2	18	into	into	ADP
ftr-330	2	19	a	a	DET
ftr-330	2	20	single	single	ADJ
ftr-330	2	21	return	return	NOUN
ftr-330	2	22	.	.	PUNCT
ftr-330	3	1	the	the	DET
ftr-330	3	2	detailed	detailed	ADJ
ftr-330	3	3	rules	rule	NOUN
ftr-330	3	4	for	for	ADP
ftr-330	3	5	filing	file	VERB
ftr-330	3	6	consolidated	consolidated	ADJ
ftr-330	3	7	returns	return	NOUN
ftr-330	3	8	are	be	AUX
ftr-330	3	9	found	find	VERB
ftr-330	3	10	in	in	ADP
ftr-330	3	11	regulations	regulation	NOUN
ftr-330	3	12	promulgated	promulgate	VERB
ftr-330	3	13	pursuant	pursuant	ADJ
ftr-330	3	14	to	to	ADP
ftr-330	3	15	a	a	DET
ftr-330	3	16	broad	broad	ADJ
ftr-330	3	17	delegation	delegation	NOUN
ftr-330	3	18	of	of	ADP
ftr-330	3	19	authority	authority	NOUN
ftr-330	3	20	in	in	ADP
ftr-330	3	21	section	section	NOUN
ftr-330	3	22	1502	1502	NUM
ftr-330	3	23	of	of	ADP
ftr-330	3	24	the	the	DET
ftr-330	3	25	internal	internal	ADJ
ftr-330	3	26	revenue	revenue	NOUN
ftr-330	3	27	code	code	NOUN
ftr-330	3	28	.	.	PUNCT
ftr-330	4	1	in	in	ADP
ftr-330	4	2	general	general	ADJ
ftr-330	4	3	,	,	PUNCT
ftr-330	4	4	the	the	DET
ftr-330	4	5	regulations	regulation	NOUN
ftr-330	4	6	reflect	reflect	VERB
ftr-330	4	7	a	a	DET
ftr-330	4	8	“	"	PUNCT
ftr-330	4	9	single	single	ADJ
ftr-330	4	10	entity	entity	NOUN
ftr-330	4	11	”	"	PUNCT
ftr-330	4	12	approach	approach	NOUN
ftr-330	4	13	that	that	PRON
ftr-330	4	14	attempts	attempt	VERB
ftr-330	4	15	to	to	PART
ftr-330	4	16	treat	treat	VERB
ftr-330	4	17	the	the	DET
ftr-330	4	18	several	several	ADJ
ftr-330	4	19	members	member	NOUN
ftr-330	4	20	of	of	ADP
ftr-330	4	21	a	a	DET
ftr-330	4	22	consolidated	consolidated	ADJ
ftr-330	4	23	group	group	NOUN
ftr-330	4	24	in	in	ADP
ftr-330	4	25	the	the	DET
ftr-330	4	26	same	same	ADJ
ftr-330	4	27	manner	manner	NOUN
ftr-330	4	28	as	as	ADP
ftr-330	4	29	divisions	division	NOUN
ftr-330	4	30	of	of	ADP
ftr-330	4	31	a	a	DET
ftr-330	4	32	single	single	ADJ
ftr-330	4	33	corporation	corporation	NOUN
ftr-330	4	34	.	.	PUNCT
ftr-330	5	1	this	this	DET
ftr-330	5	2	article	article	NOUN
ftr-330	5	3	explains	explain	VERB
ftr-330	5	4	the	the	DET
ftr-330	5	5	most	most	ADV
ftr-330	5	6	important	important	ADJ
ftr-330	5	7	general	general	ADJ
ftr-330	5	8	principles	principle	NOUN
ftr-330	5	9	governing	govern	VERB
ftr-330	5	10	consolidated	consolidated	ADJ
ftr-330	5	11	returns	return	NOUN
ftr-330	5	12	and	and	CCONJ
ftr-330	5	13	is	be	AUX
ftr-330	5	14	intended	intend	VERB
ftr-330	5	15	to	to	PART
ftr-330	5	16	provide	provide	VERB
ftr-330	5	17	an	an	DET
ftr-330	5	18	overview	overview	NOUN
ftr-330	5	19	of	of	ADP
ftr-330	5	20	the	the	DET
ftr-330	5	21	consolidated	consolidated	ADJ
ftr-330	5	22	return	return	NOUN
ftr-330	5	23	regulations	regulation	NOUN
ftr-330	5	24	for	for	ADP
ftr-330	5	25	lawyers	lawyer	NOUN
ftr-330	5	26	who	who	PRON
ftr-330	5	27	are	be	AUX
ftr-330	5	28	generally	generally	ADV
ftr-330	5	29	unfamiliar	unfamiliar	ADJ
ftr-330	5	30	with	with	ADP
ftr-330	5	31	the	the	DET
ftr-330	5	32	detailed	detailed	ADJ
ftr-330	5	33	rules	rule	NOUN
ftr-330	5	34	.	.	PUNCT
ftr-330	6	1	among	among	ADP
ftr-330	6	2	other	other	ADJ
ftr-330	6	3	topics	topic	NOUN
ftr-330	6	4	,	,	PUNCT
ftr-330	6	5	the	the	DET
ftr-330	6	6	article	article	NOUN
ftr-330	6	7	explains	explain	VERB
ftr-330	6	8	(	(	PUNCT
ftr-330	6	9	1	1	X
ftr-330	6	10	)	)	PUNCT
ftr-330	6	11	the	the	DET
ftr-330	6	12	rules	rule	NOUN
ftr-330	6	13	governing	govern	VERB
ftr-330	6	14	eligibility	eligibility	NOUN
ftr-330	6	15	to	to	PART
ftr-330	6	16	file	file	VERB
ftr-330	6	17	a	a	DET
ftr-330	6	18	consolidated	consolidated	ADJ
ftr-330	6	19	return	return	NOUN
ftr-330	6	20	,	,	PUNCT
ftr-330	6	21	(	(	PUNCT
ftr-330	6	22	2	2	X
ftr-330	6	23	)	)	PUNCT
ftr-330	6	24	the	the	DET
ftr-330	6	25	computation	computation	NOUN
ftr-330	6	26	of	of	ADP
ftr-330	6	27	consolidated	consolidated	ADJ
ftr-330	6	28	taxable	taxable	ADJ
ftr-330	6	29	income	income	NOUN
ftr-330	6	30	,	,	PUNCT
ftr-330	6	31	including	include	VERB
ftr-330	6	32	relevant	relevant	ADJ
ftr-330	6	33	limitations	limitation	NOUN
ftr-330	6	34	on	on	ADP
ftr-330	6	35	the	the	DET
ftr-330	6	36	use	use	NOUN
ftr-330	6	37	of	of	ADP
ftr-330	6	38	net	net	ADJ
ftr-330	6	39	operating	operating	NOUN
ftr-330	6	40	losses	loss	NOUN
ftr-330	6	41	,	,	PUNCT
ftr-330	6	42	(	(	PUNCT
ftr-330	6	43	3	3	X
ftr-330	6	44	)	)	PUNCT
ftr-330	6	45	intercompany	intercompany	NOUN
ftr-330	6	46	*	*	PUNCT
ftr-330	6	47	stephen	stephen	PROPN
ftr-330	6	48	c.	c.	PROPN
ftr-330	6	49	o’connell	o’connell	PROPN
ftr-330	6	50	professor	professor	NOUN
ftr-330	6	51	of	of	ADP
ftr-330	6	52	law	law	NOUN
ftr-330	6	53	,	,	PUNCT
ftr-330	6	54	university	university	PROPN
ftr-330	6	55	of	of	ADP
ftr-330	6	56	florida	florida	PROPN
ftr-330	6	57	college	college	PROPN
ftr-330	6	58	of	of	ADP
ftr-330	6	59	law	law	NOUN
ftr-330	6	60	.	.	PUNCT
ftr-330	7	1	portions	portion	NOUN
ftr-330	7	2	of	of	ADP
ftr-330	7	3	this	this	DET
ftr-330	7	4	article	article	NOUN
ftr-330	7	5	are	be	AUX
ftr-330	7	6	adapted	adapt	VERB
ftr-330	7	7	from	from	ADP
ftr-330	7	8	various	various	ADJ
ftr-330	7	9	chapters	chapter	NOUN
ftr-330	7	10	of	of	ADP
ftr-330	7	11	paul	paul	PROPN
ftr-330	7	12	r.	r.	PROPN
ftr-330	7	13	mcdaniel	mcdaniel	PROPN
ftr-330	7	14	,	,	PUNCT
ftr-330	7	15	martin	martin	PROPN
ftr-330	7	16	j.	j.	PROPN
ftr-330	7	17	mcmahon	mcmahon	PROPN
ftr-330	7	18	,	,	PUNCT
ftr-330	7	19	jr	jr	PROPN
ftr-330	7	20	.	.	PROPN
ftr-330	7	21	&	&	CCONJ
ftr-330	7	22	daniel	daniel	PROPN
ftr-330	7	23	l.	l.	PROPN
ftr-330	7	24	simmons	simmons	PROPN
ftr-330	7	25	,	,	PUNCT
ftr-330	7	26	federal	federal	ADJ
ftr-330	7	27	income	income	NOUN
ftr-330	7	28	taxation	taxation	NOUN
ftr-330	7	29	of	of	ADP
ftr-330	7	30	corporations	corporation	NOUN
ftr-330	7	31	,	,	PUNCT
ftr-330	7	32	3d	3d	PROPN
ftr-330	7	33	ed	ed	NOUN
ftr-330	7	34	.	.	PUNCT
ftr-330	8	1	(	(	PUNCT
ftr-330	8	2	foundation	foundation	NOUN
ftr-330	8	3	press	press	NOUN
ftr-330	8	4	,	,	PUNCT
ftr-330	8	5	2006	2006	NUM
ftr-330	8	6	)	)	PUNCT
ftr-330	8	7	.	.	PUNCT
ftr-330	9	1	a	a	DET
ftr-330	9	2	somewhat	somewhat	ADV
ftr-330	9	3	different	different	ADJ
ftr-330	9	4	version	version	NOUN
ftr-330	9	5	of	of	ADP
ftr-330	9	6	this	this	DET
ftr-330	9	7	article	article	NOUN
ftr-330	9	8	was	be	AUX
ftr-330	9	9	published	publish	VERB
ftr-330	9	10	under	under	ADP
ftr-330	9	11	the	the	DET
ftr-330	9	12	title	title	NOUN
ftr-330	9	13	consolidated	consolidate	VERB
ftr-330	9	14	corporate	corporate	ADJ
ftr-330	9	15	income	income	NOUN
ftr-330	9	16	tax	tax	NOUN
ftr-330	9	17	returns	return	NOUN
ftr-330	9	18	in	in	ADP
ftr-330	9	19	the	the	DET
ftr-330	9	20	united	united	PROPN
ftr-330	9	21	states	states	PROPN
ftr-330	9	22	,	,	PUNCT
ftr-330	9	23	in	in	ADP
ftr-330	9	24	svensk	svensk	NOUN
ftr-330	9	25	skattetidning	skattetidning	NOUN
ftr-330	9	26	(	(	PUNCT
ftr-330	9	27	no	no	INTJ
ftr-330	9	28	.	.	NOUN
ftr-330	9	29	8	8	NUM
ftr-330	9	30	,	,	PUNCT
ftr-330	9	31	2011	2011	NUM
ftr-330	9	32	)	)	PUNCT
ftr-330	9	33	597	597	NUM
ftr-330	9	34	.	.	PUNCT
ftr-330	10	1	i	i	PRON
ftr-330	10	2	am	be	AUX
ftr-330	10	3	deeply	deeply	ADV
ftr-330	10	4	indebted	indebted	ADJ
ftr-330	10	5	to	to	ADP
ftr-330	10	6	professor	professor	PROPN
ftr-330	10	7	daniel	daniel	PROPN
ftr-330	10	8	l.	l.	PROPN
ftr-330	10	9	simmons	simmons	PROPN
ftr-330	10	10	for	for	ADP
ftr-330	10	11	his	his	PRON
ftr-330	10	12	contributions	contribution	NOUN
ftr-330	10	13	.	.	PUNCT
ftr-330	11	1	i	i	PRON
ftr-330	11	2	also	also	ADV
ftr-330	11	3	thank	thank	VERB
ftr-330	11	4	professor	professor	NOUN
ftr-330	11	5	don	don	PROPN
ftr-330	11	6	leatherman	leatherman	PROPN
ftr-330	11	7	and	and	CCONJ
ftr-330	11	8	jack	jack	PROPN
ftr-330	11	9	cummings	cummings	PROPN
ftr-330	11	10	for	for	ADP
ftr-330	11	11	their	their	PRON
ftr-330	11	12	insightful	insightful	ADJ
ftr-330	11	13	comments	comment	NOUN
ftr-330	11	14	and	and	CCONJ
ftr-330	11	15	suggestions	suggestion	NOUN
ftr-330	11	16	.	.	PUNCT
ftr-330	12	1	all	all	DET
ftr-330	12	2	errors	error	NOUN
ftr-330	12	3	that	that	PRON
ftr-330	12	4	remain	remain	VERB
ftr-330	12	5	are	be	AUX
ftr-330	12	6	my	my	PRON
ftr-330	12	7	own	own	ADJ
ftr-330	12	8	.	.	PUNCT
ftr-330	13	1	this	this	DET
ftr-330	13	2	article	article	NOUN
ftr-330	13	3	is	be	AUX
ftr-330	13	4	up	up	ADV
ftr-330	13	5	-	-	PUNCT
ftr-330	13	6	todate	todate	NOUN
ftr-330	13	7	as	as	ADP
ftr-330	13	8	of	of	ADP
ftr-330	13	9	january	january	PROPN
ftr-330	13	10	31	31	NUM
ftr-330	13	11	,	,	PUNCT
ftr-330	13	12	2012	2012	NUM
ftr-330	13	13	.	.	PUNCT
ftr-330	14	1	126	126	NUM
ftr-330	14	2	florida	florida	PROPN
ftr-330	14	3	tax	tax	NOUN
ftr-330	14	4	review	review	NOUN
ftr-330	14	5	[	[	X
ftr-330	14	6	vol	vol	NOUN
ftr-330	14	7	.	.	PUNCT
ftr-330	15	1	12:3	12:3	NUM
ftr-330	15	2	transactions	transaction	NOUN
ftr-330	15	3	and	and	CCONJ
ftr-330	15	4	distributions	distribution	NOUN
ftr-330	15	5	,	,	PUNCT
ftr-330	15	6	(	(	PUNCT
ftr-330	15	7	4	4	X
ftr-330	15	8	)	)	PUNCT
ftr-330	15	9	stock	stock	NOUN
ftr-330	15	10	basis	basis	NOUN
ftr-330	15	11	adjustments	adjustment	NOUN
ftr-330	15	12	,	,	PUNCT
ftr-330	15	13	and	and	CCONJ
ftr-330	15	14	(	(	PUNCT
ftr-330	15	15	5	5	X
ftr-330	15	16	)	)	PUNCT
ftr-330	15	17	earnings	earning	NOUN
ftr-330	15	18	and	and	CCONJ
ftr-330	15	19	profits	profit	NOUN
ftr-330	15	20	calculations	calculation	NOUN
ftr-330	15	21	.	.	PUNCT
ftr-330	16	1	it	it	PRON
ftr-330	16	2	explains	explain	VERB
ftr-330	16	3	both	both	CCONJ
ftr-330	16	4	the	the	DET
ftr-330	16	5	rules	rule	NOUN
ftr-330	16	6	in	in	ADP
ftr-330	16	7	the	the	DET
ftr-330	16	8	consolidated	consolidated	ADJ
ftr-330	16	9	return	return	NOUN
ftr-330	16	10	regulations	regulation	NOUN
ftr-330	16	11	and	and	CCONJ
ftr-330	16	12	the	the	DET
ftr-330	16	13	differences	difference	NOUN
ftr-330	16	14	from	from	ADP
ftr-330	16	15	the	the	DET
ftr-330	16	16	rules	rule	NOUN
ftr-330	16	17	that	that	PRON
ftr-330	16	18	otherwise	otherwise	ADV
ftr-330	16	19	would	would	AUX
ftr-330	16	20	govern	govern	VERB
ftr-330	16	21	had	have	VERB
ftr-330	16	22	the	the	DET
ftr-330	16	23	corporations	corporation	NOUN
ftr-330	16	24	not	not	PART
ftr-330	16	25	elected	elect	VERB
ftr-330	16	26	to	to	PART
ftr-330	16	27	file	file	VERB
ftr-330	16	28	a	a	DET
ftr-330	16	29	consolidated	consolidated	ADJ
ftr-330	16	30	return	return	NOUN
ftr-330	16	31	.	.	PUNCT
ftr-330	17	1	i.	i.	NOUN
ftr-330	17	2	introduction	introduction	NOUN
ftr-330	17	3	.............................................................................	.............................................................................	PUNCT
ftr-330	17	4	127	127	NUM
ftr-330	17	5	ii	ii	NOUN
ftr-330	17	6	.	.	PUNCT
ftr-330	18	1	overview	overview	NOUN
ftr-330	18	2	....................................................................................	....................................................................................	PUNCT
ftr-330	18	3	128	128	NUM
ftr-330	18	4	iii	iii	NOUN
ftr-330	18	5	.	.	PUNCT
ftr-330	19	1	eligibility	eligibility	NOUN
ftr-330	19	2	and	and	CCONJ
ftr-330	19	3	includible	includible	ADJ
ftr-330	19	4	corporations	corporation	NOUN
ftr-330	19	5	.........................	.........................	PUNCT
ftr-330	19	6	133	133	NUM
ftr-330	19	7	a.	a.	NOUN
ftr-330	19	8	stock	stock	NOUN
ftr-330	19	9	ownership	ownership	NOUN
ftr-330	19	10	......................................................................	......................................................................	PUNCT
ftr-330	19	11	133	133	NUM
ftr-330	19	12	b.	b.	PROPN
ftr-330	19	13	includible	includible	PROPN
ftr-330	19	14	corporations	corporation	NOUN
ftr-330	19	15	..........................................................	..........................................................	PUNCT
ftr-330	19	16	135	135	NUM
ftr-330	19	17	iv	iv	NOUN
ftr-330	19	18	.	.	PUNCT
ftr-330	19	19	consolidated	consolidate	VERB
ftr-330	19	20	taxable	taxable	ADJ
ftr-330	19	21	income	income	NOUN
ftr-330	19	22	.............................................	.............................................	PUNCT
ftr-330	19	23	136	136	NUM
ftr-330	19	24	v.	v.	ADP
ftr-330	19	25	formation	formation	NOUN
ftr-330	19	26	of	of	ADP
ftr-330	19	27	a	a	DET
ftr-330	19	28	corporate	corporate	ADJ
ftr-330	19	29	subsidiary	subsidiary	NOUN
ftr-330	19	30	..............................	..............................	PUNCT
ftr-330	19	31	137	137	NUM
ftr-330	19	32	a.	a.	NOUN
ftr-330	19	33	generally	generally	ADV
ftr-330	19	34	.................................................................................	.................................................................................	PUNCT
ftr-330	19	35	137	137	NUM
ftr-330	19	36	b.	b.	NOUN
ftr-330	19	37	receipt	receipt	NOUN
ftr-330	19	38	of	of	ADP
ftr-330	19	39	other	other	ADJ
ftr-330	19	40	property	property	NOUN
ftr-330	19	41	.......................................................	.......................................................	PUNCT
ftr-330	19	42	138	138	NUM
ftr-330	19	43	c.	c.	PROPN
ftr-330	19	44	assumption	assumption	NOUN
ftr-330	19	45	of	of	ADP
ftr-330	19	46	transferor	transferor	NOUN
ftr-330	19	47	’s	’s	PART
ftr-330	19	48	debts	debt	NOUN
ftr-330	19	49	...........................................	...........................................	PUNCT
ftr-330	19	50	139	139	NUM
ftr-330	19	51	d.	d.	NOUN
ftr-330	19	52	transfers	transfer	NOUN
ftr-330	19	53	to	to	ADP
ftr-330	19	54	foreign	foreign	ADJ
ftr-330	19	55	corporations	corporation	NOUN
ftr-330	19	56	.........................................	.........................................	PUNCT
ftr-330	19	57	140	140	NUM
ftr-330	19	58	vi	vi	NOUN
ftr-330	19	59	.	.	PROPN
ftr-330	19	60	dividend	dividend	NOUN
ftr-330	19	61	distributions	distribution	NOUN
ftr-330	19	62	:	:	PUNCT
ftr-330	19	63	fundamental	fundamental	ADJ
ftr-330	19	64	rules	rule	NOUN
ftr-330	19	65	...................	...................	PUNCT
ftr-330	20	1	141	141	NUM
ftr-330	20	2	a.	a.	NOUN
ftr-330	20	3	generally	generally	ADV
ftr-330	20	4	.................................................................................	.................................................................................	PUNCT
ftr-330	21	1	141	141	NUM
ftr-330	21	2	b.	b.	NOUN
ftr-330	21	3	dividends	dividend	NOUN
ftr-330	21	4	in	in	ADP
ftr-330	21	5	kind	kind	NOUN
ftr-330	21	6	....................................................................	....................................................................	PUNCT
ftr-330	21	7	143	143	NUM
ftr-330	21	8	vii	vii	PROPN
ftr-330	21	9	.	.	PUNCT
ftr-330	22	1	investment	investment	NOUN
ftr-330	22	2	adjustments	adjustment	NOUN
ftr-330	22	3	........................................................	........................................................	PUNCT
ftr-330	23	1	144	144	NUM
ftr-330	23	2	a.	a.	NOUN
ftr-330	23	3	stock	stock	NOUN
ftr-330	23	4	basis	basis	NOUN
ftr-330	23	5	...............................................................................	...............................................................................	PUNCT
ftr-330	23	6	144	144	NUM
ftr-330	23	7	b.	b.	PROPN
ftr-330	23	8	section	section	NOUN
ftr-330	23	9	357(c	357(c	PROPN
ftr-330	23	10	)	)	PUNCT
ftr-330	23	11	situations	situation	NOUN
ftr-330	23	12	.........................................................	.........................................................	PUNCT
ftr-330	24	1	147	147	NUM
ftr-330	24	2	c.	c.	NOUN
ftr-330	24	3	unified	unify	VERB
ftr-330	24	4	loss	loss	NOUN
ftr-330	24	5	rules	rule	NOUN
ftr-330	24	6	...................................................................	...................................................................	PUNCT
ftr-330	25	1	147	147	NUM
ftr-330	25	2	1	1	NUM
ftr-330	25	3	.	.	PUNCT
ftr-330	26	1	generally	generally	ADV
ftr-330	26	2	..........................................................................	..........................................................................	PUNCT
ftr-330	27	1	147	147	NUM
ftr-330	27	2	2	2	NUM
ftr-330	27	3	.	.	PUNCT
ftr-330	28	1	the	the	DET
ftr-330	28	2	basis	basis	NOUN
ftr-330	28	3	redetermination	redetermination	NOUN
ftr-330	28	4	rule	rule	NOUN
ftr-330	28	5	.......................................	.......................................	PUNCT
ftr-330	28	6	148	148	NUM
ftr-330	28	7	3	3	NUM
ftr-330	28	8	.	.	PUNCT
ftr-330	29	1	the	the	DET
ftr-330	29	2	basis	basis	NOUN
ftr-330	29	3	reduction	reduction	NOUN
ftr-330	29	4	rule	rule	NOUN
ftr-330	29	5	.................................................	.................................................	PUNCT
ftr-330	29	6	149	149	NUM
ftr-330	29	7	4	4	NUM
ftr-330	29	8	.	.	PUNCT
ftr-330	30	1	the	the	DET
ftr-330	30	2	attribute	attribute	NOUN
ftr-330	30	3	reduction	reduction	NOUN
ftr-330	30	4	rule	rule	NOUN
ftr-330	30	5	............................................	............................................	PUNCT
ftr-330	30	6	150	150	NUM
ftr-330	30	7	5	5	NUM
ftr-330	30	8	.	.	PUNCT
ftr-330	30	9	worthlessness	worthlessness	NOUN
ftr-330	30	10	....................................................................	....................................................................	PUNCT
ftr-330	30	11	152	152	NUM
ftr-330	30	12	viii	viii	NOUN
ftr-330	30	13	.	.	PUNCT
ftr-330	31	1	earnings	earning	NOUN
ftr-330	31	2	and	and	CCONJ
ftr-330	31	3	profits	profit	NOUN
ftr-330	31	4	..............................................................	..............................................................	PUNCT
ftr-330	32	1	152	152	NUM
ftr-330	32	2	ix	ix	ADJ
ftr-330	32	3	.	.	PUNCT
ftr-330	33	1	intercompany	intercompany	NOUN
ftr-330	33	2	transactions	transaction	NOUN
ftr-330	33	3	.................................................	.................................................	PUNCT
ftr-330	33	4	154	154	NUM
ftr-330	33	5	a.	a.	NOUN
ftr-330	33	6	transactions	transaction	NOUN
ftr-330	33	7	between	between	ADP
ftr-330	33	8	members	member	NOUN
ftr-330	33	9	of	of	ADP
ftr-330	33	10	a	a	DET
ftr-330	33	11	consolidated	consolidated	ADJ
ftr-330	33	12	group	group	NOUN
ftr-330	33	13	.....	.....	PUNCT
ftr-330	34	1	154	154	NUM
ftr-330	34	2	1	1	NUM
ftr-330	34	3	.	.	PUNCT
ftr-330	35	1	generally	generally	ADV
ftr-330	35	2	..........................................................................	..........................................................................	PUNCT
ftr-330	36	1	154	154	NUM
ftr-330	36	2	2	2	NUM
ftr-330	36	3	.	.	PUNCT
ftr-330	36	4	matching	match	VERB
ftr-330	36	5	intercompany	intercompany	NOUN
ftr-330	36	6	items	item	NOUN
ftr-330	36	7	related	relate	VERB
ftr-330	36	8	to	to	ADP
ftr-330	36	9	deferred	defer	VERB
ftr-330	36	10	gains	gain	NOUN
ftr-330	36	11	and	and	CCONJ
ftr-330	36	12	losses	loss	NOUN
ftr-330	36	13	..............................................................	..............................................................	PUNCT
ftr-330	36	14	155	155	NUM
ftr-330	36	15	3	3	NUM
ftr-330	36	16	.	.	PUNCT
ftr-330	36	17	acceleration	acceleration	NOUN
ftr-330	36	18	of	of	ADP
ftr-330	36	19	deferred	defer	VERB
ftr-330	36	20	gains	gain	NOUN
ftr-330	36	21	and	and	CCONJ
ftr-330	36	22	losses	loss	NOUN
ftr-330	36	23	.....................	.....................	PUNCT
ftr-330	36	24	159	159	NUM
ftr-330	36	25	b.	b.	NOUN
ftr-330	36	26	distributions	distribution	NOUN
ftr-330	36	27	with	with	ADP
ftr-330	36	28	respect	respect	NOUN
ftr-330	36	29	to	to	ADP
ftr-330	36	30	the	the	DET
ftr-330	36	31	stock	stock	NOUN
ftr-330	36	32	of	of	ADP
ftr-330	36	33	a	a	DET
ftr-330	36	34	member	member	NOUN
ftr-330	36	35	.............	.............	PUNCT
ftr-330	36	36	160	160	NUM
ftr-330	36	37	1	1	NUM
ftr-330	36	38	.	.	PUNCT
ftr-330	36	39	section	section	NOUN
ftr-330	36	40	301	301	NUM
ftr-330	36	41	distributions	distribution	NOUN
ftr-330	36	42	..................................................	..................................................	PUNCT
ftr-330	37	1	160	160	NUM
ftr-330	37	2	2	2	NUM
ftr-330	37	3	.	.	PUNCT
ftr-330	37	4	intercompany	intercompany	NOUN
ftr-330	37	5	distributions	distribution	NOUN
ftr-330	37	6	of	of	ADP
ftr-330	37	7	appreciated	appreciated	ADJ
ftr-330	37	8	and	and	CCONJ
ftr-330	37	9	depreciated	depreciate	VERB
ftr-330	37	10	property	property	NOUN
ftr-330	37	11	........................................................	........................................................	PUNCT
ftr-330	37	12	160	160	NUM
ftr-330	37	13	3	3	NUM
ftr-330	37	14	.	.	PUNCT
ftr-330	37	15	liquidation	liquidation	NOUN
ftr-330	37	16	of	of	ADP
ftr-330	37	17	a	a	DET
ftr-330	37	18	subsidiary	subsidiary	NOUN
ftr-330	37	19	...............................................	...............................................	PUNCT
ftr-330	38	1	162	162	NUM
ftr-330	38	2	2012	2012	NUM
ftr-330	38	3	]	]	PUNCT
ftr-330	38	4	understanding	understand	VERB
ftr-330	38	5	consolidated	consolidated	ADJ
ftr-330	38	6	returns	return	NOUN
ftr-330	38	7	127	127	NUM
ftr-330	38	8	c.	c.	NOUN
ftr-330	38	9	transactions	transaction	NOUN
ftr-330	38	10	in	in	ADP
ftr-330	38	11	which	which	PRON
ftr-330	38	12	a	a	DET
ftr-330	38	13	member	member	NOUN
ftr-330	38	14	acquires	acquire	VERB
ftr-330	38	15	stock	stock	NOUN
ftr-330	38	16	of	of	ADP
ftr-330	38	17	another	another	DET
ftr-330	38	18	member	member	NOUN
ftr-330	38	19	......................................................................	......................................................................	PUNCT
ftr-330	38	20	166	166	NUM
ftr-330	38	21	d.	d.	NOUN
ftr-330	38	22	transactions	transaction	NOUN
ftr-330	38	23	in	in	ADP
ftr-330	38	24	which	which	PRON
ftr-330	38	25	a	a	DET
ftr-330	38	26	member	member	NOUN
ftr-330	38	27	acquires	acquire	VERB
ftr-330	38	28	its	its	PRON
ftr-330	38	29	own	own	ADJ
ftr-330	38	30	stock	stock	NOUN
ftr-330	38	31	.....	.....	PUNCT
ftr-330	38	32	166	166	NUM
ftr-330	38	33	e.	e.	PROPN
ftr-330	38	34	transactions	transaction	NOUN
ftr-330	38	35	in	in	ADP
ftr-330	38	36	which	which	PRON
ftr-330	38	37	a	a	DET
ftr-330	38	38	member	member	NOUN
ftr-330	38	39	acquires	acquire	VERB
ftr-330	38	40	debt	debt	NOUN
ftr-330	38	41	of	of	ADP
ftr-330	38	42	another	another	DET
ftr-330	38	43	member	member	NOUN
ftr-330	38	44	......................................................................	......................................................................	PUNCT
ftr-330	38	45	167	167	NUM
ftr-330	38	46	f.	f.	PROPN
ftr-330	38	47	anti	anti	ADJ
ftr-330	38	48	-	-	ADJ
ftr-330	38	49	abuse	abuse	ADJ
ftr-330	38	50	rules	rule	NOUN
ftr-330	38	51	.....................................................................	.....................................................................	PUNCT
ftr-330	38	52	168	168	NUM
ftr-330	38	53	x.	x.	NOUN
ftr-330	38	54	net	net	ADJ
ftr-330	38	55	operating	operating	NOUN
ftr-330	38	56	loss	loss	NOUN
ftr-330	38	57	carryovers	carryover	NOUN
ftr-330	38	58	.........................................	.........................................	PUNCT
ftr-330	38	59	168	168	NUM
ftr-330	38	60	a.	a.	NOUN
ftr-330	38	61	generally	generally	ADV
ftr-330	38	62	.................................................................................	.................................................................................	PUNCT
ftr-330	38	63	168	168	NUM
ftr-330	38	64	b.	b.	NOUN
ftr-330	38	65	application	application	NOUN
ftr-330	38	66	of	of	ADP
ftr-330	38	67	section	section	NOUN
ftr-330	38	68	382	382	NUM
ftr-330	38	69	to	to	ADP
ftr-330	38	70	consolidated	consolidated	ADJ
ftr-330	38	71	groups	group	NOUN
ftr-330	38	72	...............	...............	PUNCT
ftr-330	38	73	170	170	NUM
ftr-330	38	74	c.	c.	NOUN
ftr-330	38	75	separate	separate	ADJ
ftr-330	38	76	return	return	NOUN
ftr-330	38	77	limitation	limitation	NOUN
ftr-330	38	78	year	year	NOUN
ftr-330	38	79	.............................................	.............................................	PUNCT
ftr-330	39	1	172	172	NUM
ftr-330	39	2	1	1	X
ftr-330	39	3	.	.	PUNCT
ftr-330	40	1	generally	generally	ADV
ftr-330	40	2	..........................................................................	..........................................................................	PUNCT
ftr-330	40	3	172	172	NUM
ftr-330	40	4	2	2	NUM
ftr-330	40	5	.	.	PUNCT
ftr-330	40	6	reverse	reverse	ADJ
ftr-330	40	7	acquisition	acquisition	NOUN
ftr-330	40	8	...........................................................	...........................................................	PUNCT
ftr-330	41	1	173	173	NUM
ftr-330	41	2	3	3	NUM
ftr-330	41	3	.	.	PUNCT
ftr-330	41	4	built	build	VERB
ftr-330	41	5	-	-	PUNCT
ftr-330	41	6	in	in	ADP
ftr-330	41	7	deductions	deduction	NOUN
ftr-330	41	8	...........................................................	...........................................................	PUNCT
ftr-330	41	9	175	175	NUM
ftr-330	41	10	4	4	NUM
ftr-330	41	11	.	.	PUNCT
ftr-330	42	1	post	post	NOUN
ftr-330	42	2	acquisition	acquisition	NOUN
ftr-330	42	3	losses	loss	NOUN
ftr-330	42	4	of	of	ADP
ftr-330	42	5	an	an	DET
ftr-330	42	6	acquired	acquire	VERB
ftr-330	42	7	member	member	NOUN
ftr-330	42	8	..............	..............	PUNCT
ftr-330	43	1	175	175	NUM
ftr-330	43	2	xi	xi	NOUN
ftr-330	43	3	.	.	PUNCT
ftr-330	44	1	foreign	foreign	ADJ
ftr-330	44	2	subsidiaries	subsidiary	NOUN
ftr-330	44	3	................................................................	................................................................	PUNCT
ftr-330	44	4	176	176	NUM
ftr-330	44	5	a.	a.	NOUN
ftr-330	44	6	generally	generally	ADV
ftr-330	44	7	.................................................................................	.................................................................................	PUNCT
ftr-330	45	1	176	176	NUM
ftr-330	45	2	b.	b.	NOUN
ftr-330	45	3	anti	anti	ADJ
ftr-330	45	4	-	-	ADJ
ftr-330	45	5	inversion	inversion	ADJ
ftr-330	45	6	rules	rule	NOUN
ftr-330	45	7	................................................................	................................................................	PUNCT
ftr-330	45	8	178	178	NUM
ftr-330	45	9	c.	c.	NOUN
ftr-330	45	10	foreign	foreign	ADJ
ftr-330	45	11	tax	tax	NOUN
ftr-330	45	12	credit	credit	NOUN
ftr-330	45	13	..................................................................	..................................................................	PUNCT
ftr-330	46	1	179	179	NUM
ftr-330	46	2	1	1	NUM
ftr-330	46	3	.	.	PUNCT
ftr-330	46	4	direct	direct	ADJ
ftr-330	46	5	credit	credit	NOUN
ftr-330	46	6	.....................................................................	.....................................................................	PUNCT
ftr-330	46	7	179	179	NUM
ftr-330	46	8	2	2	NUM
ftr-330	46	9	.	.	PUNCT
ftr-330	46	10	indirect	indirect	ADJ
ftr-330	46	11	credit	credit	NOUN
ftr-330	46	12	...................................................................	...................................................................	PUNCT
ftr-330	46	13	180	180	NUM
ftr-330	46	14	d.	d.	NOUN
ftr-330	46	15	dual	dual	ADV
ftr-330	46	16	consolidated	consolidated	ADJ
ftr-330	46	17	losses	loss	NOUN
ftr-330	46	18	.......................................................	.......................................................	PUNCT
ftr-330	46	19	180	180	NUM
ftr-330	46	20	xii	xii	NOUN
ftr-330	46	21	.	.	PUNCT
ftr-330	47	1	conclusion	conclusion	NOUN
ftr-330	47	2	.................................................................................	.................................................................................	PUNCT
ftr-330	47	3	181	181	NUM
ftr-330	47	4	i.	i.	NOUN
ftr-330	47	5	introduction	introduction	NOUN
ftr-330	47	6	virtually	virtually	ADV
ftr-330	47	7	all	all	PRON
ftr-330	47	8	publicly	publicly	ADV
ftr-330	47	9	owned	own	VERB
ftr-330	47	10	united	united	PROPN
ftr-330	47	11	states	states	PROPN
ftr-330	47	12	corporations	corporation	NOUN
ftr-330	47	13	,	,	PUNCT
ftr-330	47	14	as	as	ADV
ftr-330	47	15	well	well	ADV
ftr-330	47	16	as	as	ADP
ftr-330	47	17	the	the	DET
ftr-330	47	18	handful	handful	NOUN
ftr-330	47	19	of	of	ADP
ftr-330	47	20	large	large	ADJ
ftr-330	47	21	privately	privately	ADV
ftr-330	47	22	owned	own	VERB
ftr-330	47	23	corporations	corporation	NOUN
ftr-330	47	24	that	that	PRON
ftr-330	47	25	can	can	AUX
ftr-330	47	26	not	not	PART
ftr-330	47	27	(	(	PUNCT
ftr-330	47	28	or	or	CCONJ
ftr-330	47	29	chose	choose	VERB
ftr-330	47	30	not	not	PART
ftr-330	47	31	to	to	PART
ftr-330	47	32	)	)	PUNCT
ftr-330	47	33	make	make	VERB
ftr-330	47	34	an	an	DET
ftr-330	47	35	election	election	NOUN
ftr-330	47	36	under	under	ADP
ftr-330	47	37	subchapter	subchapter	NOUN
ftr-330	47	38	s	s	PART
ftr-330	47	39	,	,	PUNCT
ftr-330	47	40	as	as	ADV
ftr-330	47	41	well	well	ADV
ftr-330	47	42	as	as	ADP
ftr-330	47	43	the	the	DET
ftr-330	47	44	domestic	domestic	ADJ
ftr-330	47	45	subsidiaries	subsidiary	NOUN
ftr-330	47	46	of	of	ADP
ftr-330	47	47	foreign	foreign	ADJ
ftr-330	47	48	corporations	corporation	NOUN
ftr-330	47	49	,	,	PUNCT
ftr-330	47	50	elect	elect	VERB
ftr-330	47	51	to	to	PART
ftr-330	47	52	report	report	VERB
ftr-330	47	53	their	their	PRON
ftr-330	47	54	income	income	NOUN
ftr-330	47	55	for	for	ADP
ftr-330	47	56	federal	federal	ADJ
ftr-330	47	57	tax	tax	NOUN
ftr-330	47	58	purposes	purpose	NOUN
ftr-330	47	59	as	as	ADP
ftr-330	47	60	part	part	NOUN
ftr-330	47	61	of	of	ADP
ftr-330	47	62	a	a	DET
ftr-330	47	63	consolidated	consolidated	ADJ
ftr-330	47	64	group	group	NOUN
ftr-330	47	65	rather	rather	ADV
ftr-330	47	66	than	than	ADP
ftr-330	47	67	as	as	ADP
ftr-330	47	68	separate	separate	ADJ
ftr-330	47	69	entities.1	entities.1	NOUN
ftr-330	47	70	in	in	ADP
ftr-330	47	71	one	one	NUM
ftr-330	47	72	form	form	NOUN
ftr-330	47	73	or	or	CCONJ
ftr-330	47	74	another	another	PRON
ftr-330	47	75	,	,	PUNCT
ftr-330	47	76	the	the	DET
ftr-330	47	77	consolidated	consolidated	ADJ
ftr-330	47	78	return	return	NOUN
ftr-330	47	79	regime	regime	NOUN
ftr-330	47	80	dates	date	VERB
ftr-330	47	81	back	back	ADV
ftr-330	47	82	to	to	ADP
ftr-330	47	83	1917,2	1917,2	NUM
ftr-330	47	84	although	although	SCONJ
ftr-330	47	85	the	the	DET
ftr-330	47	86	current	current	ADJ
ftr-330	47	87	regime	regime	NOUN
ftr-330	47	88	is	be	AUX
ftr-330	47	89	far	far	ADV
ftr-330	47	90	more	more	ADV
ftr-330	47	91	sophisticated	sophisticated	ADJ
ftr-330	47	92	than	than	ADP
ftr-330	47	93	its	its	PRON
ftr-330	47	94	early	early	ADJ
ftr-330	47	95	forerunners	forerunner	NOUN
ftr-330	47	96	.	.	PUNCT
ftr-330	48	1	the	the	DET
ftr-330	48	2	modern	modern	ADJ
ftr-330	48	3	consolidated	consolidated	ADJ
ftr-330	48	4	return	return	NOUN
ftr-330	48	5	regime	regime	NOUN
ftr-330	48	6	is	be	AUX
ftr-330	48	7	highly	highly	ADV
ftr-330	48	8	complex	complex	ADJ
ftr-330	48	9	and	and	CCONJ
ftr-330	48	10	articulated	articulated	ADJ
ftr-330	48	11	by	by	ADP
ftr-330	48	12	voluminous	voluminous	ADJ
ftr-330	48	13	regulations	regulation	NOUN
ftr-330	48	14	.	.	PUNCT
ftr-330	49	1	nevertheless	nevertheless	ADV
ftr-330	49	2	,	,	PUNCT
ftr-330	49	3	judging	judge	VERB
ftr-330	49	4	by	by	ADP
ftr-330	49	5	the	the	DET
ftr-330	49	6	paucity	paucity	NOUN
ftr-330	49	7	of	of	ADP
ftr-330	49	8	litigation	litigation	NOUN
ftr-330	49	9	in	in	ADP
ftr-330	49	10	the	the	DET
ftr-330	49	11	area	area	NOUN
ftr-330	49	12	,	,	PUNCT
ftr-330	49	13	one	one	PRON
ftr-330	49	14	must	must	AUX
ftr-330	49	15	conclude	conclude	VERB
ftr-330	49	16	that	that	SCONJ
ftr-330	49	17	the	the	DET
ftr-330	49	18	regime	regime	NOUN
ftr-330	49	19	works	work	VERB
ftr-330	49	20	surprisingly	surprisingly	ADV
ftr-330	49	21	well	well	ADV
ftr-330	49	22	.	.	PUNCT
ftr-330	50	1	indeed	indeed	ADV
ftr-330	50	2	it	it	PRON
ftr-330	50	3	works	work	VERB
ftr-330	50	4	so	so	ADV
ftr-330	50	5	well	well	ADV
ftr-330	50	6	that	that	SCONJ
ftr-330	50	7	practitioners	practitioner	NOUN
ftr-330	50	8	frequently	frequently	ADV
ftr-330	50	9	assume	assume	VERB
ftr-330	50	10	they	they	PRON
ftr-330	50	11	know	know	VERB
ftr-330	50	12	what	what	PRON
ftr-330	50	13	the	the	DET
ftr-330	50	14	regulations	regulation	NOUN
ftr-330	50	15	provide	provide	VERB
ftr-330	50	16	without	without	ADP
ftr-330	50	17	actually	actually	ADV
ftr-330	50	18	looking	look	VERB
ftr-330	50	19	at	at	ADP
ftr-330	50	20	them	they	PRON
ftr-330	50	21	.	.	PUNCT
ftr-330	51	1	that	that	PRON
ftr-330	51	2	can	can	AUX
ftr-330	51	3	be	be	AUX
ftr-330	51	4	dangerous	dangerous	ADJ
ftr-330	51	5	.	.	PUNCT
ftr-330	52	1	this	this	DET
ftr-330	52	2	article	article	NOUN
ftr-330	52	3	aims	aim	VERB
ftr-330	52	4	to	to	PART
ftr-330	52	5	acquaint	acquaint	VERB
ftr-330	52	6	the	the	DET
ftr-330	52	7	uninitiated	uninitiated	ADJ
ftr-330	52	8	student	student	NOUN
ftr-330	52	9	or	or	CCONJ
ftr-330	52	10	practitioner	practitioner	NOUN
ftr-330	52	11	,	,	PUNCT
ftr-330	52	12	and	and	CCONJ
ftr-330	52	13	1	1	X
ftr-330	52	14	.	.	X
ftr-330	52	15	for	for	ADP
ftr-330	52	16	2008	2008	NUM
ftr-330	52	17	,	,	PUNCT
ftr-330	52	18	over	over	ADP
ftr-330	52	19	42,000	42,000	NUM
ftr-330	52	20	consolidated	consolidated	ADJ
ftr-330	52	21	returns	return	NOUN
ftr-330	52	22	were	be	AUX
ftr-330	52	23	filed	file	VERB
ftr-330	52	24	.	.	PUNCT
ftr-330	53	1	30	30	NUM
ftr-330	53	2	soi	soi	ADJ
ftr-330	53	3	bulletin	bulletin	NOUN
ftr-330	53	4	no	no	NOUN
ftr-330	53	5	.	.	NOUN
ftr-330	53	6	4	4	NUM
ftr-330	53	7	,	,	PUNCT
ftr-330	53	8	339	339	NUM
ftr-330	53	9	,	,	PUNCT
ftr-330	53	10	tbl	tbl	NOUN
ftr-330	53	11	.	.	PUNCT
ftr-330	54	1	13	13	NUM
ftr-330	54	2	(	(	PUNCT
ftr-330	54	3	spring	spring	NOUN
ftr-330	54	4	2011	2011	NUM
ftr-330	54	5	)	)	PUNCT
ftr-330	54	6	.	.	PUNCT
ftr-330	55	1	2	2	X
ftr-330	55	2	.	.	X
ftr-330	55	3	see	see	VERB
ftr-330	55	4	jasper	jasper	PROPN
ftr-330	55	5	l.	l.	PROPN
ftr-330	55	6	cummings	cummings	PROPN
ftr-330	55	7	,	,	PUNCT
ftr-330	55	8	consolidating	consolidate	VERB
ftr-330	55	9	foreign	foreign	ADJ
ftr-330	55	10	affiliates	affiliate	NOUN
ftr-330	55	11	,	,	PUNCT
ftr-330	55	12	11	11	NUM
ftr-330	55	13	fla	fla	NOUN
ftr-330	55	14	.	.	PUNCT
ftr-330	56	1	tax	tax	PROPN
ftr-330	56	2	rev	rev	PROPN
ftr-330	56	3	.	.	PROPN
ftr-330	56	4	143	143	NUM
ftr-330	56	5	,	,	PUNCT
ftr-330	56	6	163	163	NUM
ftr-330	56	7	-	-	SYM
ftr-330	56	8	195	195	NUM
ftr-330	56	9	(	(	PUNCT
ftr-330	56	10	2011	2011	NUM
ftr-330	56	11	)	)	PUNCT
ftr-330	56	12	(	(	PUNCT
ftr-330	56	13	describing	describe	VERB
ftr-330	56	14	the	the	DET
ftr-330	56	15	history	history	NOUN
ftr-330	56	16	and	and	CCONJ
ftr-330	56	17	evolution	evolution	NOUN
ftr-330	56	18	of	of	ADP
ftr-330	56	19	the	the	DET
ftr-330	56	20	early	early	ADJ
ftr-330	56	21	consolidated	consolidated	ADJ
ftr-330	56	22	return	return	NOUN
ftr-330	56	23	regulations	regulation	NOUN
ftr-330	56	24	)	)	PUNCT
ftr-330	56	25	.	.	PUNCT
ftr-330	57	1	128	128	NUM
ftr-330	57	2	florida	florida	PROPN
ftr-330	57	3	tax	tax	NOUN
ftr-330	57	4	review	review	NOUN
ftr-330	58	1	[	[	X
ftr-330	58	2	vol	vol	NOUN
ftr-330	58	3	.	.	PUNCT
ftr-330	58	4	12:3	12:3	NUM
ftr-330	58	5	perhaps	perhaps	ADV
ftr-330	58	6	even	even	ADV
ftr-330	58	7	remind	remind	VERB
ftr-330	58	8	the	the	DET
ftr-330	58	9	seasoned	seasoned	ADJ
ftr-330	58	10	practitioner	practitioner	NOUN
ftr-330	58	11	who	who	PRON
ftr-330	58	12	has	have	AUX
ftr-330	58	13	been	be	AUX
ftr-330	58	14	relying	rely	VERB
ftr-330	58	15	too	too	ADV
ftr-330	58	16	much	much	ADJ
ftr-330	58	17	on	on	ADP
ftr-330	58	18	memory	memory	NOUN
ftr-330	58	19	,	,	PUNCT
ftr-330	58	20	with	with	ADP
ftr-330	58	21	the	the	DET
ftr-330	58	22	principal	principal	ADJ
ftr-330	58	23	features	feature	NOUN
ftr-330	58	24	of	of	ADP
ftr-330	58	25	the	the	DET
ftr-330	58	26	consolidated	consolidated	ADJ
ftr-330	58	27	corporate	corporate	ADJ
ftr-330	58	28	income	income	NOUN
ftr-330	58	29	tax	tax	NOUN
ftr-330	58	30	return	return	NOUN
ftr-330	58	31	regime	regime	NOUN
ftr-330	58	32	.	.	PUNCT
ftr-330	59	1	ii	ii	PROPN
ftr-330	59	2	.	.	PROPN
ftr-330	60	1	overview	overview	NOUN
ftr-330	60	2	election	election	NOUN
ftr-330	60	3	to	to	PART
ftr-330	60	4	file	file	VERB
ftr-330	60	5	a	a	DET
ftr-330	60	6	consolidated	consolidated	ADJ
ftr-330	60	7	return	return	NOUN
ftr-330	60	8	—	—	PUNCT
ftr-330	60	9	section	section	NOUN
ftr-330	60	10	1501	1501	NUM
ftr-330	60	11	of	of	ADP
ftr-330	60	12	the	the	DET
ftr-330	60	13	internal	internal	PROPN
ftr-330	60	14	revenue	revenue	NOUN
ftr-330	60	15	code	code	NOUN
ftr-330	60	16	provides	provide	VERB
ftr-330	60	17	that	that	SCONJ
ftr-330	60	18	all	all	DET
ftr-330	60	19	members	member	NOUN
ftr-330	60	20	of	of	ADP
ftr-330	60	21	an	an	DET
ftr-330	60	22	affiliated	affiliated	ADJ
ftr-330	60	23	group	group	NOUN
ftr-330	60	24	of	of	ADP
ftr-330	60	25	corporations	corporation	NOUN
ftr-330	60	26	may	may	AUX
ftr-330	60	27	elect	elect	VERB
ftr-330	60	28	to	to	PART
ftr-330	60	29	file	file	VERB
ftr-330	60	30	a	a	DET
ftr-330	60	31	consolidated	consolidated	ADJ
ftr-330	60	32	income	income	NOUN
ftr-330	60	33	tax	tax	NOUN
ftr-330	60	34	return.3	return.3	PROPN
ftr-330	60	35	a	a	DET
ftr-330	60	36	consolidated	consolidated	ADJ
ftr-330	60	37	return	return	NOUN
ftr-330	60	38	permits	permit	VERB
ftr-330	60	39	the	the	DET
ftr-330	60	40	includible	includible	ADJ
ftr-330	60	41	corporations	corporation	NOUN
ftr-330	60	42	(	(	PUNCT
ftr-330	60	43	as	as	SCONJ
ftr-330	60	44	defined	define	VERB
ftr-330	60	45	in	in	ADP
ftr-330	60	46	section	section	NOUN
ftr-330	60	47	1504(b	1504(b	NOUN
ftr-330	60	48	)	)	PUNCT
ftr-330	60	49	)	)	PUNCT
ftr-330	60	50	that	that	PRON
ftr-330	60	51	are	be	AUX
ftr-330	60	52	members	member	NOUN
ftr-330	60	53	of	of	ADP
ftr-330	60	54	an	an	DET
ftr-330	60	55	affiliated	affiliated	ADJ
ftr-330	60	56	group	group	NOUN
ftr-330	60	57	of	of	ADP
ftr-330	60	58	corporations	corporation	NOUN
ftr-330	60	59	to	to	PART
ftr-330	60	60	combine	combine	VERB
ftr-330	60	61	their	their	PRON
ftr-330	60	62	incomes	income	NOUN
ftr-330	60	63	,	,	PUNCT
ftr-330	60	64	net	net	ADJ
ftr-330	60	65	operating	operating	NOUN
ftr-330	60	66	losses	loss	NOUN
ftr-330	60	67	,	,	PUNCT
ftr-330	60	68	credits	credit	NOUN
ftr-330	60	69	,	,	PUNCT
ftr-330	60	70	and	and	CCONJ
ftr-330	60	71	other	other	ADJ
ftr-330	60	72	items	item	NOUN
ftr-330	60	73	into	into	ADP
ftr-330	60	74	a	a	DET
ftr-330	60	75	single	single	ADJ
ftr-330	60	76	return	return	NOUN
ftr-330	60	77	.	.	PUNCT
ftr-330	61	1	section	section	NOUN
ftr-330	61	2	1502	1502	NUM
ftr-330	61	3	authorizes	authorize	VERB
ftr-330	61	4	the	the	DET
ftr-330	61	5	treasury	treasury	NOUN
ftr-330	61	6	to	to	PART
ftr-330	61	7	promulgate	promulgate	VERB
ftr-330	61	8	regulations4	regulations4	NOUN
ftr-330	61	9	as	as	ADV
ftr-330	61	10	necessary	necessary	ADJ
ftr-330	61	11	in	in	ADP
ftr-330	61	12	order	order	NOUN
ftr-330	61	13	“	"	PUNCT
ftr-330	61	14	that	that	SCONJ
ftr-330	61	15	the	the	DET
ftr-330	61	16	tax	tax	NOUN
ftr-330	61	17	liability	liability	NOUN
ftr-330	61	18	of	of	ADP
ftr-330	61	19	any	any	DET
ftr-330	61	20	affiliated	affiliated	ADJ
ftr-330	61	21	group	group	NOUN
ftr-330	61	22	of	of	ADP
ftr-330	61	23	corporations	corporation	NOUN
ftr-330	61	24	making	make	VERB
ftr-330	61	25	a	a	DET
ftr-330	61	26	consolidated	consolidated	ADJ
ftr-330	61	27	return	return	NOUN
ftr-330	61	28	and	and	CCONJ
ftr-330	61	29	of	of	ADP
ftr-330	61	30	each	each	DET
ftr-330	61	31	corporation	corporation	NOUN
ftr-330	61	32	in	in	ADP
ftr-330	61	33	the	the	DET
ftr-330	61	34	group	group	NOUN
ftr-330	61	35	.	.	PUNCT
ftr-330	61	36	.	.	PUNCT
ftr-330	62	1	.	.	PUNCT
ftr-330	63	1	may	may	AUX
ftr-330	63	2	be	be	AUX
ftr-330	63	3	returned	return	VERB
ftr-330	63	4	,	,	PUNCT
ftr-330	63	5	determined	determine	VERB
ftr-330	63	6	,	,	PUNCT
ftr-330	63	7	computed	compute	VERB
ftr-330	63	8	,	,	PUNCT
ftr-330	63	9	assessed	assess	VERB
ftr-330	63	10	,	,	PUNCT
ftr-330	63	11	collected	collect	VERB
ftr-330	63	12	,	,	PUNCT
ftr-330	63	13	and	and	CCONJ
ftr-330	63	14	adjusted	adjust	VERB
ftr-330	63	15	,	,	PUNCT
ftr-330	63	16	in	in	ADP
ftr-330	63	17	such	such	ADJ
ftr-330	63	18	manner	manner	NOUN
ftr-330	63	19	as	as	ADP
ftr-330	63	20	clearly	clearly	ADV
ftr-330	63	21	to	to	PART
ftr-330	63	22	reflect	reflect	VERB
ftr-330	63	23	the	the	DET
ftr-330	63	24	income	income	NOUN
ftr-330	63	25	tax	tax	NOUN
ftr-330	63	26	liability	liability	NOUN
ftr-330	63	27	and	and	CCONJ
ftr-330	63	28	the	the	DET
ftr-330	63	29	various	various	ADJ
ftr-330	63	30	factors	factor	NOUN
ftr-330	63	31	necessary	necessary	ADJ
ftr-330	63	32	for	for	ADP
ftr-330	63	33	the	the	DET
ftr-330	63	34	determination	determination	NOUN
ftr-330	63	35	of	of	ADP
ftr-330	63	36	such	such	ADJ
ftr-330	63	37	liability	liability	NOUN
ftr-330	63	38	,	,	PUNCT
ftr-330	63	39	and	and	CCONJ
ftr-330	63	40	in	in	ADP
ftr-330	63	41	order	order	NOUN
ftr-330	63	42	to	to	PART
ftr-330	63	43	prevent	prevent	VERB
ftr-330	63	44	avoidance	avoidance	NOUN
ftr-330	63	45	of	of	ADP
ftr-330	63	46	such	such	ADJ
ftr-330	63	47	tax	tax	NOUN
ftr-330	63	48	liability	liability	NOUN
ftr-330	63	49	.	.	PUNCT
ftr-330	63	50	”	"	PUNCT
ftr-330	64	1	as	as	SCONJ
ftr-330	64	2	amended	amend	VERB
ftr-330	64	3	in	in	ADP
ftr-330	64	4	2004	2004	NUM
ftr-330	64	5	,	,	PUNCT
ftr-330	64	6	section	section	NOUN
ftr-330	64	7	1502	1502	NUM
ftr-330	64	8	specifically	specifically	ADV
ftr-330	64	9	provides	provide	VERB
ftr-330	64	10	that	that	SCONJ
ftr-330	64	11	the	the	DET
ftr-330	64	12	consolidated	consolidated	ADJ
ftr-330	64	13	return	return	NOUN
ftr-330	64	14	regulations	regulation	NOUN
ftr-330	64	15	may	may	AUX
ftr-330	64	16	contain	contain	VERB
ftr-330	64	17	“	"	PUNCT
ftr-330	64	18	rules	rule	NOUN
ftr-330	64	19	that	that	PRON
ftr-330	64	20	are	be	AUX
ftr-330	64	21	different	different	ADJ
ftr-330	64	22	from	from	ADP
ftr-330	64	23	the	the	DET
ftr-330	64	24	provisions	provision	NOUN
ftr-330	64	25	...	...	PUNCT
ftr-330	64	26	that	that	PRON
ftr-330	64	27	would	would	AUX
ftr-330	64	28	apply	apply	VERB
ftr-330	64	29	if	if	SCONJ
ftr-330	64	30	such	such	ADJ
ftr-330	64	31	corporations	corporation	NOUN
ftr-330	64	32	filed	file	VERB
ftr-330	64	33	separate	separate	ADJ
ftr-330	64	34	returns	return	NOUN
ftr-330	64	35	.	.	PUNCT
ftr-330	64	36	”	"	PUNCT
ftr-330	65	1	the	the	DET
ftr-330	65	2	detailed	detailed	ADJ
ftr-330	65	3	rules	rule	NOUN
ftr-330	65	4	for	for	ADP
ftr-330	65	5	filing	file	VERB
ftr-330	65	6	consolidated	consolidated	ADJ
ftr-330	65	7	returns	return	NOUN
ftr-330	65	8	are	be	AUX
ftr-330	65	9	found	find	VERB
ftr-330	65	10	in	in	ADP
ftr-330	65	11	regulations	regulation	NOUN
ftr-330	65	12	promulgated	promulgate	VERB
ftr-330	65	13	pursuant	pursuant	ADV
ftr-330	65	14	to	to	ADP
ftr-330	65	15	this	this	DET
ftr-330	65	16	broad	broad	ADJ
ftr-330	65	17	delegation	delegation	NOUN
ftr-330	65	18	of	of	ADP
ftr-330	65	19	authority	authority	NOUN
ftr-330	65	20	.	.	PUNCT
ftr-330	66	1	broadly	broadly	ADV
ftr-330	66	2	speaking	speak	VERB
ftr-330	66	3	,	,	PUNCT
ftr-330	66	4	the	the	DET
ftr-330	66	5	regulations	regulation	NOUN
ftr-330	66	6	reflect	reflect	VERB
ftr-330	66	7	a	a	DET
ftr-330	66	8	“	"	PUNCT
ftr-330	66	9	single	single	ADJ
ftr-330	66	10	entity	entity	NOUN
ftr-330	66	11	”	"	PUNCT
ftr-330	66	12	approach	approach	NOUN
ftr-330	66	13	to	to	ADP
ftr-330	66	14	dealings	dealing	NOUN
ftr-330	66	15	within	within	ADP
ftr-330	66	16	the	the	DET
ftr-330	66	17	group	group	NOUN
ftr-330	66	18	,	,	PUNCT
ftr-330	66	19	which	which	PRON
ftr-330	66	20	attempts	attempt	VERB
ftr-330	66	21	to	to	PART
ftr-330	66	22	treat	treat	VERB
ftr-330	66	23	the	the	DET
ftr-330	66	24	several	several	ADJ
ftr-330	66	25	members	member	NOUN
ftr-330	66	26	of	of	ADP
ftr-330	66	27	a	a	DET
ftr-330	66	28	consolidated	consolidated	ADJ
ftr-330	66	29	group	group	NOUN
ftr-330	66	30	in	in	ADP
ftr-330	66	31	the	the	DET
ftr-330	66	32	same	same	ADJ
ftr-330	66	33	manner	manner	NOUN
ftr-330	66	34	as	as	ADP
ftr-330	66	35	divisions	division	NOUN
ftr-330	66	36	of	of	ADP
ftr-330	66	37	a	a	DET
ftr-330	66	38	single	single	ADJ
ftr-330	66	39	corporation	corporation	NOUN
ftr-330	66	40	.	.	PUNCT
ftr-330	67	1	however	however	ADV
ftr-330	67	2	,	,	PUNCT
ftr-330	67	3	in	in	ADP
ftr-330	67	4	certain	certain	ADJ
ftr-330	67	5	instances	instance	NOUN
ftr-330	67	6	a	a	DET
ftr-330	67	7	separate	separate	ADJ
ftr-330	67	8	-	-	PUNCT
ftr-330	67	9	corporation	corporation	NOUN
ftr-330	67	10	approach	approach	NOUN
ftr-330	67	11	applies	apply	VERB
ftr-330	67	12	to	to	PART
ftr-330	67	13	coordinate	coordinate	VERB
ftr-330	67	14	separate	separate	ADJ
ftr-330	67	15	-	-	PUNCT
ftr-330	67	16	return	return	NOUN
ftr-330	67	17	and	and	CCONJ
ftr-330	67	18	consolidated	consolidate	VERB
ftr-330	67	19	-	-	PUNCT
ftr-330	67	20	return	return	NOUN
ftr-330	67	21	years	year	NOUN
ftr-330	67	22	and	and	CCONJ
ftr-330	67	23	to	to	PART
ftr-330	67	24	properly	properly	ADV
ftr-330	67	25	associate	associate	VERB
ftr-330	67	26	certain	certain	ADJ
ftr-330	67	27	tax	tax	NOUN
ftr-330	67	28	attributes	attribute	NOUN
ftr-330	67	29	with	with	ADP
ftr-330	67	30	particular	particular	ADJ
ftr-330	67	31	members	member	NOUN
ftr-330	67	32	of	of	ADP
ftr-330	67	33	the	the	DET
ftr-330	67	34	group	group	NOUN
ftr-330	67	35	.	.	PUNCT
ftr-330	68	1	the	the	DET
ftr-330	68	2	members	member	NOUN
ftr-330	68	3	of	of	ADP
ftr-330	68	4	an	an	DET
ftr-330	68	5	affiliated	affiliated	ADJ
ftr-330	68	6	group	group	NOUN
ftr-330	68	7	includible	includible	NOUN
ftr-330	68	8	in	in	ADP
ftr-330	68	9	a	a	DET
ftr-330	68	10	consolidated	consolidated	ADJ
ftr-330	68	11	return	return	NOUN
ftr-330	68	12	are	be	AUX
ftr-330	68	13	identified	identify	VERB
ftr-330	68	14	under	under	ADP
ftr-330	68	15	section	section	NOUN
ftr-330	68	16	1504(a	1504(a	NUM
ftr-330	68	17	)	)	PUNCT
ftr-330	68	18	as	as	ADP
ftr-330	68	19	the	the	DET
ftr-330	68	20	common	common	ADJ
ftr-330	68	21	parent	parent	NOUN
ftr-330	68	22	corporation	corporation	NOUN
ftr-330	68	23	and	and	CCONJ
ftr-330	68	24	one	one	NUM
ftr-330	68	25	or	or	CCONJ
ftr-330	68	26	more	more	ADJ
ftr-330	68	27	corporations	corporation	NOUN
ftr-330	68	28	affiliated	affiliate	VERB
ftr-330	68	29	through	through	ADP
ftr-330	68	30	a	a	DET
ftr-330	68	31	chain	chain	NOUN
ftr-330	68	32	(	(	PUNCT
ftr-330	68	33	or	or	CCONJ
ftr-330	68	34	chains	chain	NOUN
ftr-330	68	35	)	)	PUNCT
ftr-330	68	36	of	of	ADP
ftr-330	68	37	corporations	corporation	NOUN
ftr-330	68	38	connected	connect	VERB
ftr-330	68	39	by	by	ADP
ftr-330	68	40	ownership	ownership	NOUN
ftr-330	68	41	of	of	ADP
ftr-330	68	42	stock	stock	NOUN
ftr-330	68	43	representing	represent	VERB
ftr-330	68	44	80	80	NUM
ftr-330	68	45	percent	percent	NOUN
ftr-330	68	46	of	of	ADP
ftr-330	68	47	the	the	DET
ftr-330	68	48	voting	voting	NOUN
ftr-330	68	49	power	power	NOUN
ftr-330	68	50	and	and	CCONJ
ftr-330	68	51	value	value	NOUN
ftr-330	68	52	of	of	ADP
ftr-330	68	53	each	each	DET
ftr-330	68	54	affiliated	affiliated	ADJ
ftr-330	68	55	member.5	member.5	PROPN
ftr-330	68	56	unless	unless	SCONJ
ftr-330	68	57	otherwise	otherwise	ADV
ftr-330	68	58	excluded	exclude	VERB
ftr-330	68	59	by	by	ADP
ftr-330	68	60	statutory	statutory	ADJ
ftr-330	68	61	provision	provision	NOUN
ftr-330	68	62	,	,	PUNCT
ftr-330	68	63	any	any	DET
ftr-330	68	64	corporation	corporation	NOUN
ftr-330	68	65	that	that	PRON
ftr-330	68	66	is	be	AUX
ftr-330	68	67	connected	connect	VERB
ftr-330	68	68	to	to	ADP
ftr-330	68	69	the	the	DET
ftr-330	68	70	3	3	NUM
ftr-330	68	71	.	.	PUNCT
ftr-330	69	1	all	all	DET
ftr-330	69	2	references	reference	NOUN
ftr-330	69	3	and	and	CCONJ
ftr-330	69	4	citations	citation	NOUN
ftr-330	69	5	sections	section	NOUN
ftr-330	69	6	in	in	ADP
ftr-330	69	7	this	this	DET
ftr-330	69	8	article	article	NOUN
ftr-330	69	9	are	be	AUX
ftr-330	69	10	to	to	ADP
ftr-330	69	11	sections	section	NOUN
ftr-330	69	12	of	of	ADP
ftr-330	69	13	the	the	DET
ftr-330	69	14	internal	internal	ADJ
ftr-330	69	15	revenue	revenue	NOUN
ftr-330	69	16	code	code	NOUN
ftr-330	69	17	of	of	ADP
ftr-330	69	18	1986	1986	NUM
ftr-330	69	19	,	,	PUNCT
ftr-330	69	20	as	as	SCONJ
ftr-330	69	21	amended	amend	VERB
ftr-330	69	22	,	,	PUNCT
ftr-330	69	23	unless	unless	SCONJ
ftr-330	69	24	otherwise	otherwise	ADV
ftr-330	69	25	indicated	indicate	VERB
ftr-330	69	26	.	.	PUNCT
ftr-330	70	1	4	4	X
ftr-330	70	2	.	.	X
ftr-330	70	3	all	all	DET
ftr-330	70	4	references	reference	NOUN
ftr-330	70	5	and	and	CCONJ
ftr-330	70	6	citations	citation	NOUN
ftr-330	70	7	in	in	ADP
ftr-330	70	8	this	this	DET
ftr-330	70	9	article	article	NOUN
ftr-330	70	10	to	to	ADP
ftr-330	70	11	regulations	regulation	NOUN
ftr-330	70	12	are	be	AUX
ftr-330	70	13	to	to	ADP
ftr-330	70	14	the	the	DET
ftr-330	70	15	current	current	ADJ
ftr-330	70	16	treasury	treasury	NOUN
ftr-330	70	17	regulations	regulation	NOUN
ftr-330	70	18	under	under	ADP
ftr-330	70	19	the	the	DET
ftr-330	70	20	sections	section	NOUN
ftr-330	70	21	of	of	ADP
ftr-330	70	22	the	the	DET
ftr-330	70	23	internal	internal	ADJ
ftr-330	70	24	revenue	revenue	NOUN
ftr-330	70	25	code	code	NOUN
ftr-330	70	26	of	of	ADP
ftr-330	70	27	1986	1986	NUM
ftr-330	70	28	,	,	PUNCT
ftr-330	70	29	as	as	SCONJ
ftr-330	70	30	amended	amend	VERB
ftr-330	70	31	,	,	PUNCT
ftr-330	70	32	unless	unless	SCONJ
ftr-330	70	33	otherwise	otherwise	ADV
ftr-330	70	34	indicated	indicate	VERB
ftr-330	70	35	.	.	PUNCT
ftr-330	71	1	5	5	X
ftr-330	71	2	.	.	X
ftr-330	71	3	the	the	DET
ftr-330	71	4	value	value	NOUN
ftr-330	71	5	determination	determination	NOUN
ftr-330	71	6	is	be	AUX
ftr-330	71	7	made	make	VERB
ftr-330	71	8	without	without	ADP
ftr-330	71	9	regard	regard	NOUN
ftr-330	71	10	to	to	ADP
ftr-330	71	11	certain	certain	ADJ
ftr-330	71	12	non	non	ADJ
ftr-330	71	13	-	-	ADJ
ftr-330	71	14	voting	voting	ADJ
ftr-330	71	15	,	,	PUNCT
ftr-330	71	16	non	non	ADJ
ftr-330	71	17	-	-	ADJ
ftr-330	71	18	convertible	convertible	ADJ
ftr-330	71	19	preferred	preferred	ADJ
ftr-330	71	20	stock	stock	NOUN
ftr-330	71	21	.	.	PUNCT
ftr-330	72	1	i.r.c	i.r.c	NOUN
ftr-330	72	2	.	.	PUNCT
ftr-330	73	1	§	§	PROPN
ftr-330	73	2	1504(a)(4	1504(a)(4	NUM
ftr-330	73	3	)	)	PUNCT
ftr-330	73	4	.	.	PUNCT
ftr-330	74	1	2012	2012	NUM
ftr-330	74	2	]	]	PUNCT
ftr-330	74	3	understanding	understand	VERB
ftr-330	74	4	consolidated	consolidated	ADJ
ftr-330	74	5	returns	return	NOUN
ftr-330	74	6	129	129	NUM
ftr-330	74	7	common	common	ADJ
ftr-330	74	8	parent	parent	NOUN
ftr-330	74	9	or	or	CCONJ
ftr-330	74	10	another	another	DET
ftr-330	74	11	member	member	NOUN
ftr-330	74	12	of	of	ADP
ftr-330	74	13	an	an	DET
ftr-330	74	14	affiliated	affiliated	ADJ
ftr-330	74	15	group	group	NOUN
ftr-330	74	16	by	by	ADP
ftr-330	74	17	meeting	meet	VERB
ftr-330	74	18	this	this	DET
ftr-330	74	19	ownership	ownership	NOUN
ftr-330	74	20	requirement	requirement	NOUN
ftr-330	74	21	is	be	AUX
ftr-330	74	22	treated	treat	VERB
ftr-330	74	23	as	as	ADP
ftr-330	74	24	an	an	DET
ftr-330	74	25	“	"	PUNCT
ftr-330	74	26	includible	includible	ADJ
ftr-330	74	27	corporation	corporation	NOUN
ftr-330	74	28	”	"	PUNCT
ftr-330	74	29	and	and	CCONJ
ftr-330	74	30	must	must	AUX
ftr-330	74	31	be	be	AUX
ftr-330	74	32	included	include	VERB
ftr-330	74	33	on	on	ADP
ftr-330	74	34	the	the	DET
ftr-330	74	35	consolidated	consolidated	ADJ
ftr-330	74	36	return.6	return.6	NOUN
ftr-330	74	37	foreign	foreign	ADJ
ftr-330	74	38	subsidiaries	subsidiary	NOUN
ftr-330	74	39	are	be	AUX
ftr-330	74	40	specifically	specifically	ADV
ftr-330	74	41	excluded	exclude	VERB
ftr-330	74	42	from	from	ADP
ftr-330	74	43	the	the	DET
ftr-330	74	44	definition	definition	NOUN
ftr-330	74	45	of	of	ADP
ftr-330	74	46	“	"	PUNCT
ftr-330	74	47	includible	includible	ADJ
ftr-330	74	48	corporation	corporation	NOUN
ftr-330	74	49	”	"	PUNCT
ftr-330	74	50	and	and	CCONJ
ftr-330	74	51	thus	thus	ADV
ftr-330	74	52	are	be	AUX
ftr-330	74	53	almost	almost	ADV
ftr-330	74	54	never	never	ADV
ftr-330	74	55	included	include	VERB
ftr-330	74	56	in	in	ADP
ftr-330	74	57	a	a	DET
ftr-330	74	58	consolidated	consolidated	ADJ
ftr-330	74	59	return.7	return.7	ADJ
ftr-330	74	60	advantages	advantage	NOUN
ftr-330	74	61	of	of	ADP
ftr-330	74	62	filing	file	VERB
ftr-330	74	63	a	a	DET
ftr-330	74	64	consolidated	consolidated	ADJ
ftr-330	74	65	return	return	NOUN
ftr-330	74	66	:	:	PUNCT
ftr-330	75	1	net	net	ADJ
ftr-330	75	2	operating	operating	NOUN
ftr-330	75	3	losses	loss	NOUN
ftr-330	75	4	—	—	PUNCT
ftr-330	75	5	the	the	DET
ftr-330	75	6	principal	principal	ADJ
ftr-330	75	7	advantage	advantage	NOUN
ftr-330	75	8	of	of	ADP
ftr-330	75	9	filing	file	VERB
ftr-330	75	10	consolidated	consolidated	ADJ
ftr-330	75	11	returns	return	NOUN
ftr-330	75	12	is	be	AUX
ftr-330	75	13	the	the	DET
ftr-330	75	14	ability	ability	NOUN
ftr-330	75	15	to	to	PART
ftr-330	75	16	combine	combine	VERB
ftr-330	75	17	the	the	DET
ftr-330	75	18	income	income	NOUN
ftr-330	75	19	and	and	CCONJ
ftr-330	75	20	loss	loss	NOUN
ftr-330	75	21	of	of	ADP
ftr-330	75	22	each	each	DET
ftr-330	75	23	member	member	NOUN
ftr-330	75	24	of	of	ADP
ftr-330	75	25	an	an	DET
ftr-330	75	26	affiliated	affiliated	ADJ
ftr-330	75	27	group	group	NOUN
ftr-330	75	28	into	into	ADP
ftr-330	75	29	a	a	DET
ftr-330	75	30	single	single	ADJ
ftr-330	75	31	taxable	taxable	NOUN
ftr-330	75	32	income.8	income.8	NOUN
ftr-330	75	33	thus	thus	ADV
ftr-330	75	34	,	,	PUNCT
ftr-330	75	35	net	net	ADJ
ftr-330	75	36	operating	operating	NOUN
ftr-330	75	37	losses	loss	NOUN
ftr-330	75	38	of	of	ADP
ftr-330	75	39	one	one	NUM
ftr-330	75	40	member	member	NOUN
ftr-330	75	41	of	of	ADP
ftr-330	75	42	the	the	DET
ftr-330	75	43	group	group	NOUN
ftr-330	75	44	can	can	AUX
ftr-330	75	45	be	be	AUX
ftr-330	75	46	used	use	VERB
ftr-330	75	47	to	to	PART
ftr-330	75	48	offset	offset	VERB
ftr-330	75	49	the	the	DET
ftr-330	75	50	taxable	taxable	ADJ
ftr-330	75	51	income	income	NOUN
ftr-330	75	52	of	of	ADP
ftr-330	75	53	another	another	DET
ftr-330	75	54	member	member	NOUN
ftr-330	75	55	.	.	PUNCT
ftr-330	76	1	this	this	DET
ftr-330	76	2	ability	ability	NOUN
ftr-330	76	3	to	to	PART
ftr-330	76	4	offset	offset	VERB
ftr-330	76	5	losses	loss	NOUN
ftr-330	76	6	of	of	ADP
ftr-330	76	7	one	one	NUM
ftr-330	76	8	member	member	NOUN
ftr-330	76	9	of	of	ADP
ftr-330	76	10	the	the	DET
ftr-330	76	11	group	group	NOUN
ftr-330	76	12	against	against	ADP
ftr-330	76	13	income	income	NOUN
ftr-330	76	14	of	of	ADP
ftr-330	76	15	another	another	DET
ftr-330	76	16	member	member	NOUN
ftr-330	76	17	of	of	ADP
ftr-330	76	18	the	the	DET
ftr-330	76	19	group	group	NOUN
ftr-330	76	20	does	do	AUX
ftr-330	76	21	not	not	PART
ftr-330	76	22	extend	extend	VERB
ftr-330	76	23	to	to	ADP
ftr-330	76	24	affiliated	affiliated	ADJ
ftr-330	76	25	corporations	corporation	NOUN
ftr-330	76	26	that	that	PRON
ftr-330	76	27	do	do	AUX
ftr-330	76	28	not	not	PART
ftr-330	76	29	file	file	VERB
ftr-330	76	30	a	a	DET
ftr-330	76	31	consolidated	consolidated	ADJ
ftr-330	76	32	return	return	NOUN
ftr-330	76	33	.	.	PUNCT
ftr-330	77	1	in	in	ADP
ftr-330	77	2	addition	addition	NOUN
ftr-330	77	3	,	,	PUNCT
ftr-330	77	4	net	net	ADJ
ftr-330	77	5	operating	operating	NOUN
ftr-330	77	6	losses	loss	NOUN
ftr-330	77	7	of	of	ADP
ftr-330	77	8	a	a	DET
ftr-330	77	9	member	member	NOUN
ftr-330	77	10	of	of	ADP
ftr-330	77	11	the	the	DET
ftr-330	77	12	group	group	NOUN
ftr-330	77	13	incurred	incur	VERB
ftr-330	77	14	during	during	ADP
ftr-330	77	15	consolidated	consolidated	ADJ
ftr-330	77	16	return	return	NOUN
ftr-330	77	17	years	year	NOUN
ftr-330	77	18	of	of	ADP
ftr-330	77	19	the	the	DET
ftr-330	77	20	group	group	NOUN
ftr-330	77	21	in	in	ADP
ftr-330	77	22	which	which	PRON
ftr-330	77	23	the	the	DET
ftr-330	77	24	group	group	NOUN
ftr-330	77	25	as	as	ADP
ftr-330	77	26	a	a	DET
ftr-330	77	27	whole	whole	ADJ
ftr-330	77	28	operates	operate	VERB
ftr-330	77	29	at	at	ADP
ftr-330	77	30	a	a	DET
ftr-330	77	31	loss	loss	NOUN
ftr-330	77	32	contribute	contribute	NOUN
ftr-330	77	33	to	to	ADP
ftr-330	77	34	the	the	DET
ftr-330	77	35	overall	overall	ADJ
ftr-330	77	36	net	net	ADJ
ftr-330	77	37	operating	operating	NOUN
ftr-330	77	38	loss	loss	NOUN
ftr-330	77	39	of	of	ADP
ftr-330	77	40	the	the	DET
ftr-330	77	41	group	group	NOUN
ftr-330	77	42	,	,	PUNCT
ftr-330	77	43	which	which	PRON
ftr-330	77	44	may	may	AUX
ftr-330	77	45	be	be	AUX
ftr-330	77	46	carried	carry	VERB
ftr-330	77	47	back	back	ADV
ftr-330	77	48	or	or	CCONJ
ftr-330	77	49	forward	forward	ADV
ftr-330	77	50	to	to	ADP
ftr-330	77	51	other	other	ADJ
ftr-330	77	52	consolidated	consolidated	ADJ
ftr-330	77	53	return	return	NOUN
ftr-330	77	54	years	year	NOUN
ftr-330	77	55	,	,	PUNCT
ftr-330	77	56	offsetting	offset	VERB
ftr-330	77	57	income	income	NOUN
ftr-330	77	58	of	of	ADP
ftr-330	77	59	any	any	DET
ftr-330	77	60	member	member	NOUN
ftr-330	77	61	of	of	ADP
ftr-330	77	62	the	the	DET
ftr-330	77	63	group	group	NOUN
ftr-330	77	64	.	.	PUNCT
ftr-330	78	1	there	there	PRON
ftr-330	78	2	are	be	VERB
ftr-330	78	3	,	,	PUNCT
ftr-330	78	4	however	however	ADV
ftr-330	78	5	,	,	PUNCT
ftr-330	78	6	limitations	limitation	NOUN
ftr-330	78	7	on	on	ADP
ftr-330	78	8	carryovers	carryover	NOUN
ftr-330	78	9	of	of	ADP
ftr-330	78	10	losses	loss	NOUN
ftr-330	78	11	incurred	incur	VERB
ftr-330	78	12	by	by	ADP
ftr-330	78	13	a	a	DET
ftr-330	78	14	corporation	corporation	NOUN
ftr-330	78	15	in	in	ADP
ftr-330	78	16	separate	separate	ADJ
ftr-330	78	17	return	return	NOUN
ftr-330	78	18	years	year	NOUN
ftr-330	78	19	before	before	SCONJ
ftr-330	78	20	the	the	DET
ftr-330	78	21	corporation	corporation	NOUN
ftr-330	78	22	became	become	VERB
ftr-330	78	23	a	a	DET
ftr-330	78	24	member	member	NOUN
ftr-330	78	25	of	of	ADP
ftr-330	78	26	the	the	DET
ftr-330	78	27	affiliated	affiliate	VERB
ftr-330	78	28	group.9	group.9	PROPN
ftr-330	78	29	filing	filing	NOUN
ftr-330	78	30	a	a	DET
ftr-330	78	31	consolidated	consolidated	ADJ
ftr-330	78	32	return	return	NOUN
ftr-330	78	33	also	also	ADV
ftr-330	78	34	permits	permit	VERB
ftr-330	78	35	the	the	DET
ftr-330	78	36	members	member	NOUN
ftr-330	78	37	of	of	ADP
ftr-330	78	38	the	the	DET
ftr-330	78	39	affiliated	affiliated	ADJ
ftr-330	78	40	group	group	NOUN
ftr-330	78	41	to	to	PART
ftr-330	78	42	exclude	exclude	VERB
ftr-330	78	43	intercompany	intercompany	NOUN
ftr-330	78	44	dividends	dividend	NOUN
ftr-330	78	45	from	from	ADP
ftr-330	78	46	gross	gross	ADJ
ftr-330	78	47	income	income	NOUN
ftr-330	78	48	in	in	ADP
ftr-330	78	49	computing	compute	VERB
ftr-330	78	50	taxable	taxable	ADJ
ftr-330	78	51	income	income	NOUN
ftr-330	78	52	and	and	CCONJ
ftr-330	78	53	to	to	PART
ftr-330	78	54	defer	defer	VERB
ftr-330	78	55	recognition	recognition	NOUN
ftr-330	78	56	of	of	ADP
ftr-330	78	57	gain	gain	NOUN
ftr-330	78	58	or	or	CCONJ
ftr-330	78	59	loss	loss	NOUN
ftr-330	78	60	on	on	ADP
ftr-330	78	61	intercompany	intercompany	NOUN
ftr-330	78	62	transactions	transaction	NOUN
ftr-330	78	63	.	.	PUNCT
ftr-330	79	1	the	the	DET
ftr-330	79	2	basis	basis	NOUN
ftr-330	79	3	of	of	ADP
ftr-330	79	4	stock	stock	NOUN
ftr-330	79	5	of	of	ADP
ftr-330	79	6	one	one	NUM
ftr-330	79	7	member	member	NOUN
ftr-330	79	8	of	of	ADP
ftr-330	79	9	a	a	DET
ftr-330	79	10	consolidated	consolidated	ADJ
ftr-330	79	11	group	group	NOUN
ftr-330	79	12	held	hold	VERB
ftr-330	79	13	by	by	ADP
ftr-330	79	14	another	another	DET
ftr-330	79	15	member	member	NOUN
ftr-330	79	16	is	be	AUX
ftr-330	79	17	adjusted	adjust	VERB
ftr-330	79	18	to	to	PART
ftr-330	79	19	reflect	reflect	VERB
ftr-330	79	20	taxable	taxable	ADJ
ftr-330	79	21	income	income	NOUN
ftr-330	79	22	,	,	PUNCT
ftr-330	79	23	loss	loss	NOUN
ftr-330	79	24	and	and	CCONJ
ftr-330	79	25	the	the	DET
ftr-330	79	26	other	other	ADJ
ftr-330	79	27	items	item	NOUN
ftr-330	79	28	of	of	ADP
ftr-330	79	29	the	the	DET
ftr-330	79	30	lower	low	ADJ
ftr-330	79	31	-	-	PUNCT
ftr-330	79	32	tier	tier	NOUN
ftr-330	79	33	member	member	NOUN
ftr-330	79	34	.	.	PUNCT
ftr-330	80	1	intercompany	intercompany	NOUN
ftr-330	80	2	distributions	distribution	NOUN
ftr-330	80	3	and	and	CCONJ
ftr-330	80	4	contributions	contribution	NOUN
ftr-330	80	5	also	also	ADV
ftr-330	80	6	affect	affect	VERB
ftr-330	80	7	the	the	DET
ftr-330	80	8	basis	basis	NOUN
ftr-330	80	9	of	of	ADP
ftr-330	80	10	stock	stock	NOUN
ftr-330	80	11	of	of	ADP
ftr-330	80	12	a	a	DET
ftr-330	80	13	member	member	NOUN
ftr-330	80	14	of	of	ADP
ftr-330	80	15	an	an	DET
ftr-330	80	16	affiliated	affiliated	ADJ
ftr-330	80	17	group	group	NOUN
ftr-330	80	18	that	that	PRON
ftr-330	80	19	is	be	AUX
ftr-330	80	20	held	hold	VERB
ftr-330	80	21	by	by	ADP
ftr-330	80	22	the	the	DET
ftr-330	80	23	common	common	ADJ
ftr-330	80	24	parent	parent	NOUN
ftr-330	80	25	or	or	CCONJ
ftr-330	80	26	other	other	ADJ
ftr-330	80	27	members	member	NOUN
ftr-330	80	28	,	,	PUNCT
ftr-330	80	29	thereby	thereby	ADV
ftr-330	80	30	increasing	increase	VERB
ftr-330	80	31	or	or	CCONJ
ftr-330	80	32	decreasing	decrease	VERB
ftr-330	80	33	gain	gain	NOUN
ftr-330	80	34	or	or	CCONJ
ftr-330	80	35	loss	loss	NOUN
ftr-330	80	36	on	on	ADP
ftr-330	80	37	disposition	disposition	NOUN
ftr-330	80	38	of	of	ADP
ftr-330	80	39	the	the	DET
ftr-330	80	40	stock	stock	NOUN
ftr-330	80	41	.	.	PUNCT
ftr-330	81	1	in	in	ADP
ftr-330	81	2	addition	addition	NOUN
ftr-330	81	3	,	,	PUNCT
ftr-330	81	4	deferred	deferred	ADJ
ftr-330	81	5	intercompany	intercompany	NOUN
ftr-330	81	6	gains	gain	NOUN
ftr-330	81	7	and	and	CCONJ
ftr-330	81	8	losses	loss	NOUN
ftr-330	81	9	may	may	AUX
ftr-330	81	10	be	be	AUX
ftr-330	81	11	taken	take	VERB
ftr-330	81	12	into	into	ADP
ftr-330	81	13	account	account	NOUN
ftr-330	81	14	in	in	ADP
ftr-330	81	15	the	the	DET
ftr-330	81	16	event	event	NOUN
ftr-330	81	17	that	that	PRON
ftr-330	81	18	a	a	DET
ftr-330	81	19	member	member	NOUN
ftr-330	81	20	leaves	leave	VERB
ftr-330	81	21	the	the	DET
ftr-330	81	22	consolidated	consolidated	ADJ
ftr-330	81	23	group	group	NOUN
ftr-330	81	24	,	,	PUNCT
ftr-330	81	25	even	even	ADV
ftr-330	81	26	if	if	SCONJ
ftr-330	81	27	the	the	DET
ftr-330	81	28	transaction	transaction	NOUN
ftr-330	81	29	otherwise	otherwise	ADV
ftr-330	81	30	would	would	AUX
ftr-330	81	31	be	be	AUX
ftr-330	81	32	accorded	accord	VERB
ftr-330	81	33	nonrecognition	nonrecognition	NOUN
ftr-330	81	34	treatment	treatment	NOUN
ftr-330	81	35	as	as	ADP
ftr-330	81	36	a	a	DET
ftr-330	81	37	taxfree	taxfree	NOUN
ftr-330	81	38	reorganization	reorganization	NOUN
ftr-330	81	39	.	.	PUNCT
ftr-330	82	1	filing	file	VERB
ftr-330	82	2	consolidated	consolidated	ADJ
ftr-330	82	3	returns	return	NOUN
ftr-330	82	4	requires	require	VERB
ftr-330	82	5	that	that	SCONJ
ftr-330	82	6	all	all	DET
ftr-330	82	7	members	member	NOUN
ftr-330	82	8	of	of	ADP
ftr-330	82	9	the	the	DET
ftr-330	82	10	consolidated	consolidated	ADJ
ftr-330	82	11	group	group	NOUN
ftr-330	82	12	use	use	VERB
ftr-330	82	13	the	the	DET
ftr-330	82	14	taxable	taxable	ADJ
ftr-330	82	15	year	year	NOUN
ftr-330	82	16	of	of	ADP
ftr-330	82	17	the	the	DET
ftr-330	82	18	common	common	ADJ
ftr-330	82	19	parent	parent	NOUN
ftr-330	82	20	,	,	PUNCT
ftr-330	82	21	but	but	CCONJ
ftr-330	82	22	,	,	PUNCT
ftr-330	82	23	subject	subject	ADJ
ftr-330	82	24	to	to	ADP
ftr-330	82	25	an	an	DET
ftr-330	82	26	anti	anti	ADJ
ftr-330	82	27	-	-	ADJ
ftr-330	82	28	abuse	abuse	ADJ
ftr-330	82	29	rule	rule	NOUN
ftr-330	82	30	,	,	PUNCT
ftr-330	82	31	the	the	DET
ftr-330	82	32	individual	individual	ADJ
ftr-330	82	33	members	member	NOUN
ftr-330	82	34	may	may	AUX
ftr-330	82	35	use	use	VERB
ftr-330	82	36	different	different	ADJ
ftr-330	82	37	accounting	accounting	NOUN
ftr-330	82	38	methods.10	methods.10	ADP
ftr-330	82	39	6	6	NUM
ftr-330	82	40	.	.	PUNCT
ftr-330	82	41	i.r.c	i.r.c	NOUN
ftr-330	82	42	.	.	PUNCT
ftr-330	83	1	§	§	PROPN
ftr-330	83	2	1501	1501	NUM
ftr-330	83	3	.	.	PUNCT
ftr-330	84	1	7	7	X
ftr-330	84	2	.	.	X
ftr-330	84	3	i.r.c	i.r.c	NOUN
ftr-330	84	4	.	.	PUNCT
ftr-330	85	1	§	§	PROPN
ftr-330	85	2	1504(b)(3	1504(b)(3	NUM
ftr-330	85	3	)	)	PUNCT
ftr-330	85	4	.	.	PUNCT
ftr-330	86	1	however	however	ADV
ftr-330	86	2	,	,	PUNCT
ftr-330	86	3	section	section	NOUN
ftr-330	86	4	1504(d	1504(d	NUM
ftr-330	86	5	)	)	PUNCT
ftr-330	86	6	provides	provide	VERB
ftr-330	86	7	a	a	DET
ftr-330	86	8	very	very	ADV
ftr-330	86	9	limited	limited	ADJ
ftr-330	86	10	special	special	ADJ
ftr-330	86	11	exception	exception	NOUN
ftr-330	86	12	to	to	ADP
ftr-330	86	13	this	this	DET
ftr-330	86	14	rule	rule	NOUN
ftr-330	86	15	.	.	PUNCT
ftr-330	87	1	8	8	X
ftr-330	87	2	.	.	X
ftr-330	87	3	reg	reg	NOUN
ftr-330	87	4	.	.	PUNCT
ftr-330	88	1	§	§	PROPN
ftr-330	88	2	1.1502–11(a	1.1502–11(a	NUM
ftr-330	88	3	)	)	PUNCT
ftr-330	88	4	.	.	PUNCT
ftr-330	89	1	9	9	X
ftr-330	89	2	.	.	X
ftr-330	89	3	reg	reg	NOUN
ftr-330	89	4	.	.	PUNCT
ftr-330	90	1	§	§	PROPN
ftr-330	90	2	1.1502–21(c	1.1502–21(c	NUM
ftr-330	90	3	)	)	PUNCT
ftr-330	90	4	.	.	PUNCT
ftr-330	91	1	10	10	NUM
ftr-330	91	2	.	.	PUNCT
ftr-330	91	3	regs	regs	PROPN
ftr-330	91	4	.	.	PUNCT
ftr-330	92	1	§	§	PROPN
ftr-330	92	2	§	§	PROPN
ftr-330	92	3	1.1502–76(a	1.1502–76(a	NUM
ftr-330	92	4	)	)	PUNCT
ftr-330	92	5	,	,	PUNCT
ftr-330	92	6	–	–	PUNCT
ftr-330	92	7	17	17	NUM
ftr-330	92	8	.	.	X
ftr-330	92	9	130	130	NUM
ftr-330	92	10	florida	florida	PROPN
ftr-330	92	11	tax	tax	NOUN
ftr-330	92	12	review	review	NOUN
ftr-330	93	1	[	[	X
ftr-330	93	2	vol	vol	NOUN
ftr-330	93	3	.	.	PUNCT
ftr-330	94	1	12:3	12:3	NUM
ftr-330	94	2	advantages	advantage	NOUN
ftr-330	94	3	of	of	ADP
ftr-330	94	4	filing	file	VERB
ftr-330	94	5	a	a	DET
ftr-330	94	6	consolidated	consolidated	ADJ
ftr-330	94	7	return	return	NOUN
ftr-330	94	8	:	:	PUNCT
ftr-330	94	9	intercompany	intercompany	NOUN
ftr-330	94	10	transactions	transaction	NOUN
ftr-330	94	11	—	—	PUNCT
ftr-330	94	12	the	the	DET
ftr-330	94	13	treatment	treatment	NOUN
ftr-330	94	14	of	of	ADP
ftr-330	94	15	intercompany	intercompany	NOUN
ftr-330	94	16	transactions	transaction	NOUN
ftr-330	94	17	within	within	ADP
ftr-330	94	18	members	member	NOUN
ftr-330	94	19	of	of	ADP
ftr-330	94	20	a	a	DET
ftr-330	94	21	consolidated	consolidated	ADJ
ftr-330	94	22	group	group	NOUN
ftr-330	94	23	also	also	ADV
ftr-330	94	24	offers	offer	VERB
ftr-330	94	25	significant	significant	ADJ
ftr-330	94	26	advantages	advantage	NOUN
ftr-330	94	27	in	in	ADP
ftr-330	94	28	many	many	ADJ
ftr-330	94	29	instances	instance	NOUN
ftr-330	94	30	.	.	PUNCT
ftr-330	95	1	in	in	ADP
ftr-330	95	2	general	general	ADJ
ftr-330	95	3	,	,	PUNCT
ftr-330	95	4	the	the	DET
ftr-330	95	5	tax	tax	NOUN
ftr-330	95	6	consequences	consequence	NOUN
ftr-330	95	7	of	of	ADP
ftr-330	95	8	intercompany	intercompany	NOUN
ftr-330	95	9	transactions	transaction	NOUN
ftr-330	95	10	between	between	ADP
ftr-330	95	11	members	member	NOUN
ftr-330	95	12	of	of	ADP
ftr-330	95	13	the	the	DET
ftr-330	95	14	same	same	ADJ
ftr-330	95	15	consolidated	consolidated	ADJ
ftr-330	95	16	group	group	NOUN
ftr-330	95	17	are	be	AUX
ftr-330	95	18	accounted	account	VERB
ftr-330	95	19	for	for	ADP
ftr-330	95	20	in	in	ADP
ftr-330	95	21	consolidated	consolidated	ADJ
ftr-330	95	22	taxable	taxable	ADJ
ftr-330	95	23	income	income	NOUN
ftr-330	95	24	as	as	ADP
ftr-330	95	25	transactions	transaction	NOUN
ftr-330	95	26	between	between	ADP
ftr-330	95	27	divisions	division	NOUN
ftr-330	95	28	of	of	ADP
ftr-330	95	29	a	a	DET
ftr-330	95	30	single	single	ADJ
ftr-330	95	31	corporation.11	corporation.11	NOUN
ftr-330	95	32	in	in	ADP
ftr-330	95	33	the	the	DET
ftr-330	95	34	case	case	NOUN
ftr-330	95	35	of	of	ADP
ftr-330	95	36	payment	payment	NOUN
ftr-330	95	37	for	for	ADP
ftr-330	95	38	services	service	NOUN
ftr-330	95	39	or	or	CCONJ
ftr-330	95	40	a	a	DET
ftr-330	95	41	sale	sale	NOUN
ftr-330	95	42	or	or	CCONJ
ftr-330	95	43	exchange	exchange	NOUN
ftr-330	95	44	of	of	ADP
ftr-330	95	45	property	property	NOUN
ftr-330	95	46	,	,	PUNCT
ftr-330	95	47	gain	gain	NOUN
ftr-330	95	48	or	or	CCONJ
ftr-330	95	49	loss	loss	NOUN
ftr-330	95	50	that	that	PRON
ftr-330	95	51	is	be	AUX
ftr-330	95	52	recognized	recognize	VERB
ftr-330	95	53	by	by	ADP
ftr-330	95	54	the	the	DET
ftr-330	95	55	selling	sell	VERB
ftr-330	95	56	member	member	NOUN
ftr-330	95	57	under	under	ADP
ftr-330	95	58	its	its	PRON
ftr-330	95	59	method	method	NOUN
ftr-330	95	60	of	of	ADP
ftr-330	95	61	accounting	accounting	NOUN
ftr-330	95	62	is	be	AUX
ftr-330	95	63	deferred	defer	VERB
ftr-330	95	64	until	until	SCONJ
ftr-330	95	65	the	the	DET
ftr-330	95	66	item	item	NOUN
ftr-330	95	67	can	can	AUX
ftr-330	95	68	be	be	AUX
ftr-330	95	69	matched	match	VERB
ftr-330	95	70	with	with	ADP
ftr-330	95	71	the	the	DET
ftr-330	95	72	buying	buying	NOUN
ftr-330	95	73	member	member	NOUN
ftr-330	95	74	’s	’s	PART
ftr-330	95	75	accounting	accounting	NOUN
ftr-330	95	76	of	of	ADP
ftr-330	95	77	its	its	PRON
ftr-330	95	78	corresponding	correspond	VERB
ftr-330	95	79	item	item	NOUN
ftr-330	95	80	in	in	ADP
ftr-330	95	81	the	the	DET
ftr-330	95	82	form	form	NOUN
ftr-330	95	83	of	of	ADP
ftr-330	95	84	a	a	DET
ftr-330	95	85	deduction	deduction	NOUN
ftr-330	95	86	or	or	CCONJ
ftr-330	95	87	a	a	DET
ftr-330	95	88	recovery	recovery	NOUN
ftr-330	95	89	of	of	ADP
ftr-330	95	90	basis	basis	NOUN
ftr-330	95	91	when	when	SCONJ
ftr-330	95	92	the	the	DET
ftr-330	95	93	expenditure	expenditure	NOUN
ftr-330	95	94	is	be	AUX
ftr-330	95	95	capitalized.12	capitalized.12	NOUN
ftr-330	95	96	thus	thus	ADV
ftr-330	95	97	,	,	PUNCT
ftr-330	95	98	in	in	ADP
ftr-330	95	99	the	the	DET
ftr-330	95	100	case	case	NOUN
ftr-330	95	101	of	of	ADP
ftr-330	95	102	an	an	DET
ftr-330	95	103	intercompany	intercompany	NOUN
ftr-330	95	104	sale	sale	NOUN
ftr-330	95	105	of	of	ADP
ftr-330	95	106	property	property	NOUN
ftr-330	95	107	,	,	PUNCT
ftr-330	95	108	the	the	DET
ftr-330	95	109	selling	sell	VERB
ftr-330	95	110	member	member	NOUN
ftr-330	95	111	defers	defer	VERB
ftr-330	95	112	accounting	account	VERB
ftr-330	95	113	for	for	ADP
ftr-330	95	114	its	its	PRON
ftr-330	95	115	recognized	recognize	VERB
ftr-330	95	116	gain	gain	NOUN
ftr-330	95	117	or	or	CCONJ
ftr-330	95	118	loss	loss	NOUN
ftr-330	95	119	until	until	ADP
ftr-330	95	120	the	the	DET
ftr-330	95	121	date	date	NOUN
ftr-330	95	122	on	on	ADP
ftr-330	95	123	which	which	PRON
ftr-330	95	124	the	the	DET
ftr-330	95	125	buying	buying	NOUN
ftr-330	95	126	member	member	NOUN
ftr-330	95	127	sells	sell	VERB
ftr-330	95	128	the	the	DET
ftr-330	95	129	property	property	NOUN
ftr-330	95	130	outside	outside	ADP
ftr-330	95	131	of	of	ADP
ftr-330	95	132	the	the	DET
ftr-330	95	133	consolidated	consolidated	ADJ
ftr-330	95	134	group	group	NOUN
ftr-330	95	135	or	or	CCONJ
ftr-330	95	136	an	an	DET
ftr-330	95	137	analogous	analogous	ADJ
ftr-330	95	138	event	event	NOUN
ftr-330	95	139	occurs	occur	VERB
ftr-330	95	140	requiring	require	VERB
ftr-330	95	141	acceleration	acceleration	NOUN
ftr-330	95	142	.	.	PUNCT
ftr-330	96	1	in	in	ADP
ftr-330	96	2	this	this	DET
ftr-330	96	3	manner	manner	NOUN
ftr-330	96	4	,	,	PUNCT
ftr-330	96	5	the	the	DET
ftr-330	96	6	gain	gain	NOUN
ftr-330	96	7	or	or	CCONJ
ftr-330	96	8	loss	loss	NOUN
ftr-330	96	9	is	be	AUX
ftr-330	96	10	deferred	defer	VERB
ftr-330	96	11	until	until	SCONJ
ftr-330	96	12	the	the	DET
ftr-330	96	13	property	property	NOUN
ftr-330	96	14	is	be	AUX
ftr-330	96	15	disposed	dispose	VERB
ftr-330	96	16	of	of	ADP
ftr-330	96	17	outside	outside	ADP
ftr-330	96	18	of	of	ADP
ftr-330	96	19	the	the	DET
ftr-330	96	20	consolidated	consolidated	ADJ
ftr-330	96	21	group	group	NOUN
ftr-330	96	22	,	,	PUNCT
ftr-330	96	23	as	as	SCONJ
ftr-330	96	24	would	would	AUX
ftr-330	96	25	be	be	AUX
ftr-330	96	26	the	the	DET
ftr-330	96	27	case	case	NOUN
ftr-330	96	28	with	with	ADP
ftr-330	96	29	respect	respect	NOUN
ftr-330	96	30	to	to	ADP
ftr-330	96	31	an	an	DET
ftr-330	96	32	exchange	exchange	NOUN
ftr-330	96	33	of	of	ADP
ftr-330	96	34	property	property	NOUN
ftr-330	96	35	between	between	ADP
ftr-330	96	36	divisions	division	NOUN
ftr-330	96	37	of	of	ADP
ftr-330	96	38	a	a	DET
ftr-330	96	39	single	single	ADJ
ftr-330	96	40	corporation	corporation	NOUN
ftr-330	96	41	.	.	PUNCT
ftr-330	97	1	the	the	DET
ftr-330	97	2	character	character	NOUN
ftr-330	97	3	of	of	ADP
ftr-330	97	4	the	the	DET
ftr-330	97	5	selling	sell	VERB
ftr-330	97	6	member	member	NOUN
ftr-330	97	7	’s	’s	PART
ftr-330	97	8	deferred	defer	VERB
ftr-330	97	9	gain	gain	NOUN
ftr-330	97	10	and	and	CCONJ
ftr-330	97	11	the	the	DET
ftr-330	97	12	buying	buying	NOUN
ftr-330	97	13	member	member	NOUN
ftr-330	97	14	’s	’s	PART
ftr-330	97	15	recognized	recognize	VERB
ftr-330	97	16	gain	gain	NOUN
ftr-330	97	17	on	on	ADP
ftr-330	97	18	sale	sale	NOUN
ftr-330	97	19	outside	outside	ADP
ftr-330	97	20	of	of	ADP
ftr-330	97	21	the	the	DET
ftr-330	97	22	group	group	NOUN
ftr-330	97	23	also	also	ADV
ftr-330	97	24	will	will	AUX
ftr-330	97	25	be	be	AUX
ftr-330	97	26	determined	determine	VERB
ftr-330	97	27	by	by	ADP
ftr-330	97	28	single	single	ADJ
ftr-330	97	29	entity	entity	NOUN
ftr-330	97	30	principles	principle	NOUN
ftr-330	97	31	.	.	PUNCT
ftr-330	98	1	the	the	DET
ftr-330	98	2	activities	activity	NOUN
ftr-330	98	3	of	of	ADP
ftr-330	98	4	each	each	PRON
ftr-330	98	5	,	,	PUNCT
ftr-330	98	6	therefore	therefore	ADV
ftr-330	98	7	,	,	PUNCT
ftr-330	98	8	may	may	AUX
ftr-330	98	9	affect	affect	VERB
ftr-330	98	10	the	the	DET
ftr-330	98	11	character	character	NOUN
ftr-330	98	12	of	of	ADP
ftr-330	98	13	the	the	DET
ftr-330	98	14	other	other	ADJ
ftr-330	98	15	’s	’s	PART
ftr-330	98	16	gain.13	gain.13	NOUN
ftr-330	98	17	for	for	ADP
ftr-330	98	18	example	example	NOUN
ftr-330	98	19	,	,	PUNCT
ftr-330	98	20	assume	assume	VERB
ftr-330	98	21	that	that	SCONJ
ftr-330	98	22	s	s	VERB
ftr-330	98	23	corporation	corporation	NOUN
ftr-330	98	24	and	and	CCONJ
ftr-330	98	25	b	b	PROPN
ftr-330	98	26	corporation	corporation	NOUN
ftr-330	98	27	are	be	AUX
ftr-330	98	28	members	member	NOUN
ftr-330	98	29	of	of	ADP
ftr-330	98	30	an	an	DET
ftr-330	98	31	affiliated	affiliated	ADJ
ftr-330	98	32	group	group	NOUN
ftr-330	98	33	filing	file	VERB
ftr-330	98	34	a	a	DET
ftr-330	98	35	consolidated	consolidated	ADJ
ftr-330	98	36	return	return	NOUN
ftr-330	98	37	.	.	PUNCT
ftr-330	99	1	s	s	PART
ftr-330	99	2	corporation	corporation	NOUN
ftr-330	99	3	sells	sell	VERB
ftr-330	99	4	appreciated	appreciated	ADJ
ftr-330	99	5	investment	investment	NOUN
ftr-330	99	6	real	real	ADJ
ftr-330	99	7	estate	estate	NOUN
ftr-330	99	8	to	to	ADP
ftr-330	99	9	b	b	PROPN
ftr-330	99	10	corporation	corporation	NOUN
ftr-330	99	11	.	.	PUNCT
ftr-330	100	1	subsequently	subsequently	ADV
ftr-330	100	2	,	,	PUNCT
ftr-330	100	3	b	b	PROPN
ftr-330	100	4	corporation	corporation	NOUN
ftr-330	100	5	develops	develop	VERB
ftr-330	100	6	the	the	DET
ftr-330	100	7	land	land	NOUN
ftr-330	100	8	as	as	ADP
ftr-330	100	9	residential	residential	ADJ
ftr-330	100	10	real	real	ADJ
ftr-330	100	11	estate	estate	NOUN
ftr-330	100	12	for	for	ADP
ftr-330	100	13	sale	sale	NOUN
ftr-330	100	14	to	to	ADP
ftr-330	100	15	customers	customer	NOUN
ftr-330	100	16	in	in	ADP
ftr-330	100	17	the	the	DET
ftr-330	100	18	ordinary	ordinary	ADJ
ftr-330	100	19	course	course	NOUN
ftr-330	100	20	of	of	ADP
ftr-330	100	21	b	b	PROPN
ftr-330	100	22	corporation	corporation	NOUN
ftr-330	100	23	’s	’s	PART
ftr-330	100	24	trade	trade	NOUN
ftr-330	100	25	or	or	CCONJ
ftr-330	100	26	business	business	NOUN
ftr-330	100	27	.	.	PUNCT
ftr-330	101	1	when	when	SCONJ
ftr-330	101	2	b	b	X
ftr-330	101	3	corporation	corporation	NOUN
ftr-330	101	4	disposes	dispose	VERB
ftr-330	101	5	of	of	ADP
ftr-330	101	6	the	the	DET
ftr-330	101	7	land	land	NOUN
ftr-330	101	8	,	,	PUNCT
ftr-330	101	9	s	s	PART
ftr-330	101	10	corporation	corporation	NOUN
ftr-330	101	11	must	must	AUX
ftr-330	101	12	recognize	recognize	VERB
ftr-330	101	13	its	its	PRON
ftr-330	101	14	deferred	deferred	ADJ
ftr-330	101	15	gain	gain	NOUN
ftr-330	101	16	.	.	PUNCT
ftr-330	102	1	even	even	ADV
ftr-330	102	2	though	though	SCONJ
ftr-330	102	3	s	s	NUM
ftr-330	102	4	corporation	corporation	NOUN
ftr-330	102	5	held	hold	VERB
ftr-330	102	6	the	the	DET
ftr-330	102	7	land	land	NOUN
ftr-330	102	8	for	for	ADP
ftr-330	102	9	investment	investment	NOUN
ftr-330	102	10	at	at	ADP
ftr-330	102	11	the	the	DET
ftr-330	102	12	time	time	NOUN
ftr-330	102	13	of	of	ADP
ftr-330	102	14	its	its	PRON
ftr-330	102	15	sale	sale	NOUN
ftr-330	102	16	to	to	ADP
ftr-330	102	17	b	b	PROPN
ftr-330	102	18	corporation	corporation	NOUN
ftr-330	102	19	,	,	PUNCT
ftr-330	102	20	both	both	PRON
ftr-330	102	21	s	s	PART
ftr-330	102	22	corporation	corporation	NOUN
ftr-330	102	23	and	and	CCONJ
ftr-330	102	24	b	b	PROPN
ftr-330	102	25	corporation	corporation	NOUN
ftr-330	102	26	’s	’s	PART
ftr-330	102	27	gain	gain	NOUN
ftr-330	102	28	will	will	AUX
ftr-330	102	29	be	be	AUX
ftr-330	102	30	treated	treat	VERB
ftr-330	102	31	as	as	ADP
ftr-330	102	32	ordinary	ordinary	ADJ
ftr-330	102	33	income.14	income.14	NOUN
ftr-330	102	34	in	in	ADP
ftr-330	102	35	the	the	DET
ftr-330	102	36	case	case	NOUN
ftr-330	102	37	of	of	ADP
ftr-330	102	38	a	a	DET
ftr-330	102	39	sale	sale	NOUN
ftr-330	102	40	of	of	ADP
ftr-330	102	41	depreciable	depreciable	ADJ
ftr-330	102	42	property	property	NOUN
ftr-330	102	43	,	,	PUNCT
ftr-330	102	44	the	the	DET
ftr-330	102	45	selling	selling	NOUN
ftr-330	102	46	member	member	NOUN
ftr-330	102	47	will	will	AUX
ftr-330	102	48	defer	defer	VERB
ftr-330	102	49	its	its	PRON
ftr-330	102	50	gain	gain	NOUN
ftr-330	102	51	or	or	CCONJ
ftr-330	102	52	loss	loss	NOUN
ftr-330	102	53	to	to	ADP
ftr-330	102	54	the	the	DET
ftr-330	102	55	time	time	NOUN
ftr-330	102	56	when	when	SCONJ
ftr-330	102	57	the	the	DET
ftr-330	102	58	buying	buying	NOUN
ftr-330	102	59	member	member	NOUN
ftr-330	102	60	claims	claim	VERB
ftr-330	102	61	increased	increase	VERB
ftr-330	102	62	capital	capital	NOUN
ftr-330	102	63	cost	cost	NOUN
ftr-330	102	64	recovery	recovery	NOUN
ftr-330	102	65	deductions.15	deductions.15	NOUN
ftr-330	102	66	for	for	ADP
ftr-330	102	67	example	example	NOUN
ftr-330	102	68	,	,	PUNCT
ftr-330	102	69	under	under	ADP
ftr-330	102	70	the	the	DET
ftr-330	102	71	single	single	ADJ
ftr-330	102	72	entity	entity	NOUN
ftr-330	102	73	approach	approach	NOUN
ftr-330	102	74	of	of	ADP
ftr-330	102	75	the	the	DET
ftr-330	102	76	regulations	regulation	NOUN
ftr-330	102	77	,	,	PUNCT
ftr-330	102	78	if	if	SCONJ
ftr-330	102	79	the	the	DET
ftr-330	102	80	selling	sell	VERB
ftr-330	102	81	member	member	NOUN
ftr-330	102	82	sells	sell	VERB
ftr-330	102	83	depreciable	depreciable	ADJ
ftr-330	102	84	property	property	NOUN
ftr-330	102	85	at	at	ADP
ftr-330	102	86	a	a	DET
ftr-330	102	87	gain	gain	NOUN
ftr-330	102	88	,	,	PUNCT
ftr-330	102	89	the	the	DET
ftr-330	102	90	increased	increase	VERB
ftr-330	102	91	capital	capital	NOUN
ftr-330	102	92	recovery	recovery	NOUN
ftr-330	102	93	deductions	deduction	NOUN
ftr-330	102	94	that	that	PRON
ftr-330	102	95	result	result	VERB
ftr-330	102	96	from	from	ADP
ftr-330	102	97	the	the	DET
ftr-330	102	98	buying	buying	NOUN
ftr-330	102	99	member	member	NOUN
ftr-330	102	100	’s	’s	PART
ftr-330	102	101	cost	cost	NOUN
ftr-330	102	102	basis	basis	NOUN
ftr-330	102	103	will	will	AUX
ftr-330	102	104	be	be	AUX
ftr-330	102	105	offset	offset	VERB
ftr-330	102	106	by	by	ADP
ftr-330	102	107	the	the	DET
ftr-330	102	108	corresponding	corresponding	ADJ
ftr-330	102	109	gain	gain	NOUN
ftr-330	102	110	taken	take	VERB
ftr-330	102	111	into	into	ADP
ftr-330	102	112	account	account	NOUN
ftr-330	102	113	by	by	ADP
ftr-330	102	114	the	the	DET
ftr-330	102	115	selling	selling	NOUN
ftr-330	102	116	member	member	NOUN
ftr-330	102	117	.	.	PUNCT
ftr-330	103	1	in	in	ADP
ftr-330	103	2	this	this	DET
ftr-330	103	3	fashion	fashion	NOUN
ftr-330	103	4	,	,	PUNCT
ftr-330	103	5	these	these	DET
ftr-330	103	6	transactions	transaction	NOUN
ftr-330	103	7	have	have	VERB
ftr-330	103	8	no	no	DET
ftr-330	103	9	net	net	ADJ
ftr-330	103	10	effect	effect	NOUN
ftr-330	103	11	on	on	ADP
ftr-330	103	12	the	the	DET
ftr-330	103	13	overall	overall	ADJ
ftr-330	103	14	taxable	taxable	ADJ
ftr-330	103	15	income	income	NOUN
ftr-330	103	16	of	of	ADP
ftr-330	103	17	the	the	DET
ftr-330	103	18	group	group	NOUN
ftr-330	103	19	,	,	PUNCT
ftr-330	103	20	which	which	PRON
ftr-330	103	21	is	be	AUX
ftr-330	103	22	the	the	DET
ftr-330	103	23	same	same	ADJ
ftr-330	103	24	result	result	NOUN
ftr-330	103	25	that	that	PRON
ftr-330	103	26	would	would	AUX
ftr-330	103	27	have	have	AUX
ftr-330	103	28	occurred	occur	VERB
ftr-330	103	29	if	if	SCONJ
ftr-330	103	30	the	the	DET
ftr-330	103	31	selling	selling	NOUN
ftr-330	103	32	and	and	CCONJ
ftr-330	103	33	buying	buy	VERB
ftr-330	103	34	members	member	NOUN
ftr-330	103	35	had	have	AUX
ftr-330	103	36	been	be	AUX
ftr-330	103	37	11	11	NUM
ftr-330	103	38	.	.	PUNCT
ftr-330	104	1	reg	reg	NOUN
ftr-330	104	2	.	.	PUNCT
ftr-330	105	1	§	§	PROPN
ftr-330	105	2	1.1502–13(a)(2	1.1502–13(a)(2	NUM
ftr-330	105	3	)	)	PUNCT
ftr-330	105	4	.	.	PUNCT
ftr-330	106	1	12	12	NUM
ftr-330	106	2	.	.	PUNCT
ftr-330	107	1	reg	reg	NOUN
ftr-330	107	2	.	.	PUNCT
ftr-330	108	1	§	§	PROPN
ftr-330	108	2	1.1502–13(c)(2	1.1502–13(c)(2	NUM
ftr-330	108	3	)	)	PUNCT
ftr-330	108	4	.	.	PUNCT
ftr-330	109	1	13	13	NUM
ftr-330	109	2	.	.	X
ftr-330	110	1	reg	reg	NOUN
ftr-330	110	2	.	.	PUNCT
ftr-330	111	1	§	§	PROPN
ftr-330	111	2	1.1502–13(c)(1)(i	1.1502–13(c)(1)(i	NUM
ftr-330	111	3	)	)	PUNCT
ftr-330	111	4	.	.	PUNCT
ftr-330	112	1	14	14	NUM
ftr-330	112	2	.	.	PUNCT
ftr-330	113	1	reg	reg	NOUN
ftr-330	113	2	.	.	PUNCT
ftr-330	114	1	§	§	PROPN
ftr-330	114	2	1.1502–13(c)(7)(ii	1.1502–13(c)(7)(ii	NUM
ftr-330	114	3	)	)	PUNCT
ftr-330	114	4	,	,	PUNCT
ftr-330	114	5	ex	ex	X
ftr-330	114	6	.	.	PUNCT
ftr-330	114	7	(	(	PUNCT
ftr-330	114	8	2	2	NUM
ftr-330	114	9	)	)	PUNCT
ftr-330	114	10	.	.	PUNCT
ftr-330	115	1	15	15	NUM
ftr-330	115	2	.	.	PUNCT
ftr-330	116	1	reg	reg	NOUN
ftr-330	116	2	.	.	PUNCT
ftr-330	117	1	§	§	PROPN
ftr-330	117	2	1.1502–13(c)(7)(ii	1.1502–13(c)(7)(ii	NUM
ftr-330	117	3	)	)	PUNCT
ftr-330	117	4	,	,	PUNCT
ftr-330	117	5	ex	ex	X
ftr-330	117	6	.	.	PUNCT
ftr-330	117	7	(	(	PUNCT
ftr-330	117	8	4	4	NUM
ftr-330	117	9	)	)	PUNCT
ftr-330	117	10	.	.	PUNCT
ftr-330	118	1	2012	2012	NUM
ftr-330	118	2	]	]	PUNCT
ftr-330	118	3	understanding	understand	VERB
ftr-330	118	4	consolidated	consolidated	ADJ
ftr-330	118	5	returns	return	NOUN
ftr-330	118	6	131	131	NUM
ftr-330	118	7	divisions	division	NOUN
ftr-330	118	8	of	of	ADP
ftr-330	118	9	a	a	DET
ftr-330	118	10	single	single	ADJ
ftr-330	118	11	corporation	corporation	NOUN
ftr-330	118	12	,	,	PUNCT
ftr-330	118	13	rather	rather	ADV
ftr-330	118	14	than	than	ADP
ftr-330	118	15	separate	separate	ADJ
ftr-330	118	16	corporations	corporation	NOUN
ftr-330	118	17	filing	file	VERB
ftr-330	118	18	a	a	DET
ftr-330	118	19	consolidated	consolidated	ADJ
ftr-330	118	20	return	return	NOUN
ftr-330	118	21	.	.	PUNCT
ftr-330	119	1	any	any	DET
ftr-330	119	2	increased	increase	VERB
ftr-330	119	3	deduction	deduction	NOUN
ftr-330	119	4	or	or	CCONJ
ftr-330	119	5	basis	basis	NOUN
ftr-330	119	6	recovery	recovery	NOUN
ftr-330	119	7	by	by	ADP
ftr-330	119	8	the	the	DET
ftr-330	119	9	buying	buying	NOUN
ftr-330	119	10	member	member	NOUN
ftr-330	119	11	will	will	AUX
ftr-330	119	12	be	be	AUX
ftr-330	119	13	offset	offset	VERB
ftr-330	119	14	on	on	ADP
ftr-330	119	15	the	the	DET
ftr-330	119	16	consolidated	consolidated	ADJ
ftr-330	119	17	return	return	NOUN
ftr-330	119	18	by	by	ADP
ftr-330	119	19	an	an	DET
ftr-330	119	20	equivalent	equivalent	ADJ
ftr-330	119	21	recognition	recognition	NOUN
ftr-330	119	22	of	of	ADP
ftr-330	119	23	deferred	defer	VERB
ftr-330	119	24	gain	gain	NOUN
ftr-330	119	25	by	by	ADP
ftr-330	119	26	the	the	DET
ftr-330	119	27	selling	selling	NOUN
ftr-330	119	28	member	member	NOUN
ftr-330	119	29	.	.	PUNCT
ftr-330	120	1	deferred	defer	VERB
ftr-330	120	2	gain	gain	NOUN
ftr-330	120	3	or	or	CCONJ
ftr-330	120	4	loss	loss	NOUN
ftr-330	120	5	from	from	ADP
ftr-330	120	6	intercompany	intercompany	NOUN
ftr-330	120	7	transactions	transaction	NOUN
ftr-330	120	8	is	be	AUX
ftr-330	120	9	accelerated	accelerate	VERB
ftr-330	120	10	into	into	ADP
ftr-330	120	11	a	a	DET
ftr-330	120	12	year	year	NOUN
ftr-330	120	13	in	in	ADP
ftr-330	120	14	which	which	PRON
ftr-330	120	15	it	it	PRON
ftr-330	120	16	becomes	become	VERB
ftr-330	120	17	no	no	ADV
ftr-330	120	18	longer	long	ADV
ftr-330	120	19	possible	possible	ADJ
ftr-330	120	20	to	to	PART
ftr-330	120	21	match	match	VERB
ftr-330	120	22	the	the	DET
ftr-330	120	23	buying	buying	NOUN
ftr-330	120	24	member	member	NOUN
ftr-330	120	25	’s	’s	PART
ftr-330	120	26	corresponding	correspond	VERB
ftr-330	120	27	item	item	NOUN
ftr-330	120	28	with	with	ADP
ftr-330	120	29	the	the	DET
ftr-330	120	30	selling	sell	VERB
ftr-330	120	31	member	member	NOUN
ftr-330	120	32	’s	’s	PART
ftr-330	120	33	deferred	defer	VERB
ftr-330	120	34	gain	gain	NOUN
ftr-330	120	35	or	or	CCONJ
ftr-330	120	36	loss.16	loss.16	NOUN
ftr-330	120	37	thus	thus	ADV
ftr-330	120	38	,	,	PUNCT
ftr-330	120	39	gain	gain	NOUN
ftr-330	120	40	or	or	CCONJ
ftr-330	120	41	loss	loss	NOUN
ftr-330	120	42	deferred	defer	VERB
ftr-330	120	43	by	by	ADP
ftr-330	120	44	the	the	DET
ftr-330	120	45	selling	selling	NOUN
ftr-330	120	46	member	member	NOUN
ftr-330	120	47	will	will	AUX
ftr-330	120	48	be	be	AUX
ftr-330	120	49	accounted	account	VERB
ftr-330	120	50	for	for	ADP
ftr-330	120	51	if	if	SCONJ
ftr-330	120	52	either	either	CCONJ
ftr-330	120	53	the	the	DET
ftr-330	120	54	buying	buying	NOUN
ftr-330	120	55	member	member	NOUN
ftr-330	120	56	or	or	CCONJ
ftr-330	120	57	the	the	DET
ftr-330	120	58	selling	sell	VERB
ftr-330	120	59	member	member	NOUN
ftr-330	120	60	ceases	cease	VERB
ftr-330	120	61	to	to	PART
ftr-330	120	62	be	be	AUX
ftr-330	120	63	a	a	DET
ftr-330	120	64	member	member	NOUN
ftr-330	120	65	of	of	ADP
ftr-330	120	66	the	the	DET
ftr-330	120	67	consolidated	consolidated	ADJ
ftr-330	120	68	group	group	NOUN
ftr-330	120	69	before	before	SCONJ
ftr-330	120	70	the	the	DET
ftr-330	120	71	buying	buying	NOUN
ftr-330	120	72	member	member	NOUN
ftr-330	120	73	accounts	account	VERB
ftr-330	120	74	for	for	ADP
ftr-330	120	75	its	its	PRON
ftr-330	120	76	matching	matching	NOUN
ftr-330	120	77	item	item	NOUN
ftr-330	120	78	corresponding	correspond	VERB
ftr-330	120	79	to	to	ADP
ftr-330	120	80	the	the	DET
ftr-330	120	81	selling	sell	VERB
ftr-330	120	82	member	member	NOUN
ftr-330	120	83	’s	’s	PART
ftr-330	120	84	deferred	defer	VERB
ftr-330	120	85	gain	gain	NOUN
ftr-330	120	86	or	or	CCONJ
ftr-330	120	87	loss	loss	NOUN
ftr-330	120	88	.	.	PUNCT
ftr-330	121	1	distributions	distribution	NOUN
ftr-330	121	2	—	—	PUNCT
ftr-330	121	3	distributions	distribution	NOUN
ftr-330	121	4	from	from	ADP
ftr-330	121	5	one	one	NUM
ftr-330	121	6	member	member	NOUN
ftr-330	121	7	of	of	ADP
ftr-330	121	8	an	an	DET
ftr-330	121	9	affiliated	affiliated	ADJ
ftr-330	121	10	group	group	NOUN
ftr-330	121	11	to	to	ADP
ftr-330	121	12	another	another	PRON
ftr-330	121	13	are	be	AUX
ftr-330	121	14	also	also	ADV
ftr-330	121	15	treated	treat	VERB
ftr-330	121	16	under	under	ADP
ftr-330	121	17	the	the	DET
ftr-330	121	18	single	single	ADJ
ftr-330	121	19	entity	entity	NOUN
ftr-330	121	20	principle	principle	NOUN
ftr-330	121	21	.	.	PUNCT
ftr-330	122	1	distributions	distribution	NOUN
ftr-330	122	2	are	be	AUX
ftr-330	122	3	not	not	PART
ftr-330	122	4	included	include	VERB
ftr-330	122	5	in	in	ADP
ftr-330	122	6	the	the	DET
ftr-330	122	7	income	income	NOUN
ftr-330	122	8	of	of	ADP
ftr-330	122	9	the	the	DET
ftr-330	122	10	recipient	recipient	NOUN
ftr-330	122	11	,	,	PUNCT
ftr-330	122	12	but	but	CCONJ
ftr-330	122	13	only	only	ADV
ftr-330	122	14	so	so	ADV
ftr-330	122	15	long	long	ADV
ftr-330	122	16	as	as	SCONJ
ftr-330	122	17	there	there	PRON
ftr-330	122	18	is	be	VERB
ftr-330	122	19	a	a	DET
ftr-330	122	20	matching	matching	NOUN
ftr-330	122	21	reduction	reduction	NOUN
ftr-330	122	22	in	in	ADP
ftr-330	122	23	the	the	DET
ftr-330	122	24	basis	basis	NOUN
ftr-330	122	25	of	of	ADP
ftr-330	122	26	the	the	DET
ftr-330	122	27	stock	stock	NOUN
ftr-330	122	28	of	of	ADP
ftr-330	122	29	the	the	DET
ftr-330	122	30	distributing	distribute	VERB
ftr-330	122	31	member	member	NOUN
ftr-330	122	32	held	hold	VERB
ftr-330	122	33	by	by	ADP
ftr-330	122	34	the	the	DET
ftr-330	122	35	recipient	recipient	NOUN
ftr-330	122	36	member	member	NOUN
ftr-330	122	37	under	under	ADP
ftr-330	122	38	the	the	DET
ftr-330	122	39	investment	investment	NOUN
ftr-330	122	40	adjustment	adjustment	NOUN
ftr-330	122	41	rules	rule	NOUN
ftr-330	122	42	of	of	ADP
ftr-330	122	43	treasury	treasury	NOUN
ftr-330	122	44	regulation	regulation	NOUN
ftr-330	122	45	section	section	NOUN
ftr-330	122	46	1.1502–32.17	1.1502–32.17	PROPN
ftr-330	122	47	gain	gain	NOUN
ftr-330	122	48	recognized	recognize	VERB
ftr-330	122	49	by	by	ADP
ftr-330	122	50	the	the	DET
ftr-330	122	51	distributing	distribute	VERB
ftr-330	122	52	member	member	NOUN
ftr-330	122	53	under	under	ADP
ftr-330	122	54	section	section	NOUN
ftr-330	122	55	311(b	311(b	PROPN
ftr-330	122	56	)	)	PUNCT
ftr-330	122	57	is	be	AUX
ftr-330	122	58	deferred	defer	VERB
ftr-330	122	59	under	under	ADP
ftr-330	122	60	the	the	DET
ftr-330	122	61	matching	matching	NOUN
ftr-330	122	62	principle	principle	NOUN
ftr-330	122	63	until	until	SCONJ
ftr-330	122	64	the	the	DET
ftr-330	122	65	property	property	NOUN
ftr-330	122	66	is	be	AUX
ftr-330	122	67	sold	sell	VERB
ftr-330	122	68	outside	outside	ADP
ftr-330	122	69	the	the	DET
ftr-330	122	70	group	group	NOUN
ftr-330	122	71	,	,	PUNCT
ftr-330	122	72	the	the	DET
ftr-330	122	73	property	property	NOUN
ftr-330	122	74	is	be	AUX
ftr-330	122	75	depreciated	depreciate	VERB
ftr-330	122	76	by	by	ADP
ftr-330	122	77	the	the	DET
ftr-330	122	78	distributee	distributee	NOUN
ftr-330	122	79	member	member	NOUN
ftr-330	122	80	,	,	PUNCT
ftr-330	122	81	or	or	CCONJ
ftr-330	122	82	either	either	CCONJ
ftr-330	122	83	the	the	DET
ftr-330	122	84	distributing	distribute	VERB
ftr-330	122	85	or	or	CCONJ
ftr-330	122	86	distributee	distributee	NOUN
ftr-330	122	87	corporation	corporation	NOUN
ftr-330	122	88	leaves	leave	VERB
ftr-330	122	89	the	the	DET
ftr-330	122	90	group.18	group.18	NOUN
ftr-330	122	91	aggregate	aggregate	VERB
ftr-330	122	92	versus	versus	ADP
ftr-330	122	93	entity	entity	NOUN
ftr-330	122	94	theory	theory	NOUN
ftr-330	122	95	—	—	PUNCT
ftr-330	122	96	even	even	ADV
ftr-330	122	97	though	though	SCONJ
ftr-330	122	98	the	the	DET
ftr-330	122	99	federal	federal	ADJ
ftr-330	122	100	tax	tax	NOUN
ftr-330	122	101	liability	liability	NOUN
ftr-330	122	102	of	of	ADP
ftr-330	122	103	an	an	DET
ftr-330	122	104	affiliated	affiliated	ADJ
ftr-330	122	105	group	group	NOUN
ftr-330	122	106	filing	file	VERB
ftr-330	122	107	a	a	DET
ftr-330	122	108	consolidated	consolidated	ADJ
ftr-330	122	109	return	return	NOUN
ftr-330	122	110	is	be	AUX
ftr-330	122	111	based	base	VERB
ftr-330	122	112	on	on	ADP
ftr-330	122	113	the	the	DET
ftr-330	122	114	combined	combined	ADJ
ftr-330	122	115	taxable	taxable	ADJ
ftr-330	122	116	incomes	income	NOUN
ftr-330	122	117	of	of	ADP
ftr-330	122	118	the	the	DET
ftr-330	122	119	members	member	NOUN
ftr-330	122	120	of	of	ADP
ftr-330	122	121	the	the	DET
ftr-330	122	122	affiliated	affiliated	ADJ
ftr-330	122	123	group	group	NOUN
ftr-330	122	124	,	,	PUNCT
ftr-330	122	125	the	the	DET
ftr-330	122	126	separate	separate	ADJ
ftr-330	122	127	tax	tax	NOUN
ftr-330	122	128	identity	identity	NOUN
ftr-330	122	129	of	of	ADP
ftr-330	122	130	each	each	DET
ftr-330	122	131	member	member	NOUN
ftr-330	122	132	of	of	ADP
ftr-330	122	133	the	the	DET
ftr-330	122	134	group	group	NOUN
ftr-330	122	135	is	be	AUX
ftr-330	122	136	respected	respect	VERB
ftr-330	122	137	through	through	ADP
ftr-330	122	138	maintenance	maintenance	NOUN
ftr-330	122	139	of	of	ADP
ftr-330	122	140	individual	individual	ADJ
ftr-330	122	141	earnings	earning	NOUN
ftr-330	122	142	and	and	CCONJ
ftr-330	122	143	profits	profit	NOUN
ftr-330	122	144	accounts	account	NOUN
ftr-330	122	145	and	and	CCONJ
ftr-330	122	146	basis	basis	NOUN
ftr-330	122	147	adjustments	adjustment	NOUN
ftr-330	122	148	with	with	ADP
ftr-330	122	149	respect	respect	NOUN
ftr-330	122	150	to	to	ADP
ftr-330	122	151	the	the	DET
ftr-330	122	152	stock	stock	NOUN
ftr-330	122	153	of	of	ADP
ftr-330	122	154	each	each	DET
ftr-330	122	155	member.19	member.19	NOUN
ftr-330	122	156	as	as	ADP
ftr-330	122	157	a	a	DET
ftr-330	122	158	result	result	NOUN
ftr-330	122	159	,	,	PUNCT
ftr-330	122	160	while	while	SCONJ
ftr-330	122	161	accounting	account	VERB
ftr-330	122	162	for	for	ADP
ftr-330	122	163	certain	certain	ADJ
ftr-330	122	164	intercompany	intercompany	NOUN
ftr-330	122	165	transactions	transaction	NOUN
ftr-330	122	166	is	be	AUX
ftr-330	122	167	deferred	defer	VERB
ftr-330	122	168	for	for	ADP
ftr-330	122	169	purposes	purpose	NOUN
ftr-330	122	170	of	of	ADP
ftr-330	122	171	computing	compute	VERB
ftr-330	122	172	taxable	taxable	ADJ
ftr-330	122	173	income	income	NOUN
ftr-330	122	174	of	of	ADP
ftr-330	122	175	the	the	DET
ftr-330	122	176	group	group	NOUN
ftr-330	122	177	under	under	ADP
ftr-330	122	178	the	the	DET
ftr-330	122	179	consolidated	consolidated	ADJ
ftr-330	122	180	return	return	NOUN
ftr-330	122	181	rules	rule	NOUN
ftr-330	122	182	,	,	PUNCT
ftr-330	122	183	those	those	DET
ftr-330	122	184	transactions	transaction	NOUN
ftr-330	122	185	will	will	AUX
ftr-330	122	186	affect	affect	VERB
ftr-330	122	187	the	the	DET
ftr-330	122	188	earnings	earning	NOUN
ftr-330	122	189	and	and	CCONJ
ftr-330	122	190	profits	profit	NOUN
ftr-330	122	191	and	and	CCONJ
ftr-330	122	192	stock	stock	NOUN
ftr-330	122	193	basis	basis	NOUN
ftr-330	122	194	of	of	ADP
ftr-330	122	195	the	the	DET
ftr-330	122	196	component	component	NOUN
ftr-330	122	197	members	member	NOUN
ftr-330	122	198	.	.	PUNCT
ftr-330	123	1	accounting	account	VERB
ftr-330	123	2	for	for	ADP
ftr-330	123	3	the	the	DET
ftr-330	123	4	separate	separate	ADJ
ftr-330	123	5	tax	tax	NOUN
ftr-330	123	6	identity	identity	NOUN
ftr-330	123	7	of	of	ADP
ftr-330	123	8	each	each	DET
ftr-330	123	9	member	member	NOUN
ftr-330	123	10	is	be	AUX
ftr-330	123	11	required	require	VERB
ftr-330	123	12	to	to	PART
ftr-330	123	13	determine	determine	VERB
ftr-330	123	14	tax	tax	NOUN
ftr-330	123	15	consequences	consequence	NOUN
ftr-330	123	16	in	in	ADP
ftr-330	123	17	the	the	DET
ftr-330	123	18	event	event	NOUN
ftr-330	123	19	that	that	SCONJ
ftr-330	123	20	an	an	DET
ftr-330	123	21	includible	includible	ADJ
ftr-330	123	22	corporation	corporation	NOUN
ftr-330	123	23	enters	enter	VERB
ftr-330	123	24	or	or	CCONJ
ftr-330	123	25	leaves	leave	VERB
ftr-330	123	26	the	the	DET
ftr-330	123	27	affiliated	affiliated	ADJ
ftr-330	123	28	group	group	NOUN
ftr-330	123	29	.	.	PUNCT
ftr-330	124	1	investment	investment	NOUN
ftr-330	124	2	adjustment	adjustment	NOUN
ftr-330	124	3	accounts	account	NOUN
ftr-330	124	4	—	—	PUNCT
ftr-330	124	5	the	the	DET
ftr-330	124	6	regulations	regulation	NOUN
ftr-330	124	7	require	require	VERB
ftr-330	124	8	a	a	DET
ftr-330	124	9	series	series	NOUN
ftr-330	124	10	of	of	ADP
ftr-330	124	11	“	"	PUNCT
ftr-330	124	12	investment	investment	NOUN
ftr-330	124	13	adjustments	adjustment	NOUN
ftr-330	124	14	”	"	PUNCT
ftr-330	124	15	to	to	ADP
ftr-330	124	16	the	the	DET
ftr-330	124	17	basis	basis	NOUN
ftr-330	124	18	of	of	ADP
ftr-330	124	19	stock	stock	NOUN
ftr-330	124	20	of	of	ADP
ftr-330	124	21	subsidiaries	subsidiary	NOUN
ftr-330	124	22	held	hold	VERB
ftr-330	124	23	by	by	ADP
ftr-330	124	24	16	16	NUM
ftr-330	124	25	.	.	PUNCT
ftr-330	125	1	reg	reg	PROPN
ftr-330	125	2	.	.	PUNCT
ftr-330	126	1	§	§	PROPN
ftr-330	126	2	1.1502–13(d	1.1502–13(d	NUM
ftr-330	126	3	)	)	PUNCT
ftr-330	126	4	.	.	PUNCT
ftr-330	127	1	17	17	NUM
ftr-330	127	2	.	.	PUNCT
ftr-330	128	1	reg	reg	NOUN
ftr-330	128	2	.	.	PUNCT
ftr-330	129	1	§	§	PROPN
ftr-330	129	2	1.1502–13(f)(2)(ii	1.1502–13(f)(2)(ii	NUM
ftr-330	129	3	)	)	PUNCT
ftr-330	129	4	.	.	PUNCT
ftr-330	130	1	18	18	NUM
ftr-330	130	2	.	.	X
ftr-330	130	3	reg	reg	NOUN
ftr-330	130	4	.	.	PUNCT
ftr-330	131	1	§	§	PROPN
ftr-330	131	2	1.1502–13(f)(2	1.1502–13(f)(2	NUM
ftr-330	131	3	)	)	PUNCT
ftr-330	131	4	.	.	PUNCT
ftr-330	132	1	19	19	NUM
ftr-330	132	2	.	.	PUNCT
ftr-330	132	3	regs	regs	PROPN
ftr-330	132	4	.	.	PUNCT
ftr-330	133	1	§	§	PROPN
ftr-330	133	2	§	§	PROPN
ftr-330	133	3	1.1502–19	1.1502–19	NUM
ftr-330	133	4	,	,	PUNCT
ftr-330	133	5	–	–	PUNCT
ftr-330	133	6	31	31	NUM
ftr-330	133	7	,	,	PUNCT
ftr-330	133	8	–	–	PUNCT
ftr-330	133	9	32	32	NUM
ftr-330	133	10	,	,	PUNCT
ftr-330	133	11	and	and	CCONJ
ftr-330	133	12	–	–	PUNCT
ftr-330	133	13	33	33	NUM
ftr-330	133	14	.	.	NUM
ftr-330	133	15	132	132	NUM
ftr-330	133	16	florida	florida	PROPN
ftr-330	133	17	tax	tax	NOUN
ftr-330	133	18	review	review	NOUN
ftr-330	134	1	[	[	X
ftr-330	134	2	vol	vol	NOUN
ftr-330	134	3	.	.	PUNCT
ftr-330	134	4	12:3	12:3	NUM
ftr-330	134	5	other	other	ADJ
ftr-330	134	6	members	member	NOUN
ftr-330	134	7	of	of	ADP
ftr-330	134	8	an	an	DET
ftr-330	134	9	affiliated	affiliated	ADJ
ftr-330	134	10	group.20	group.20	NOUN
ftr-330	134	11	these	these	DET
ftr-330	134	12	adjustments	adjustment	NOUN
ftr-330	134	13	are	be	AUX
ftr-330	134	14	intended	intend	VERB
ftr-330	134	15	to	to	PART
ftr-330	134	16	eliminate	eliminate	VERB
ftr-330	134	17	potential	potential	ADJ
ftr-330	134	18	double	double	ADJ
ftr-330	134	19	tax	tax	NOUN
ftr-330	134	20	consequences	consequence	NOUN
ftr-330	134	21	as	as	SCONJ
ftr-330	134	22	the	the	DET
ftr-330	134	23	separate	separate	ADJ
ftr-330	134	24	taxable	taxable	ADJ
ftr-330	134	25	income	income	NOUN
ftr-330	134	26	or	or	CCONJ
ftr-330	134	27	loss	loss	NOUN
ftr-330	134	28	of	of	ADP
ftr-330	134	29	each	each	DET
ftr-330	134	30	member	member	NOUN
ftr-330	134	31	of	of	ADP
ftr-330	134	32	the	the	DET
ftr-330	134	33	consolidated	consolidated	ADJ
ftr-330	134	34	group	group	NOUN
ftr-330	134	35	is	be	AUX
ftr-330	134	36	reflected	reflect	VERB
ftr-330	134	37	on	on	ADP
ftr-330	134	38	the	the	DET
ftr-330	134	39	consolidated	consolidated	ADJ
ftr-330	134	40	return.21	return.21	NOUN
ftr-330	134	41	investment	investment	NOUN
ftr-330	134	42	adjustments	adjustment	NOUN
ftr-330	134	43	begin	begin	VERB
ftr-330	134	44	with	with	ADP
ftr-330	134	45	the	the	DET
ftr-330	134	46	stock	stock	NOUN
ftr-330	134	47	of	of	ADP
ftr-330	134	48	the	the	DET
ftr-330	134	49	lowest	low	ADJ
ftr-330	134	50	-	-	PUNCT
ftr-330	134	51	tier	tier	NOUN
ftr-330	134	52	subsidiary	subsidiary	NOUN
ftr-330	134	53	in	in	ADP
ftr-330	134	54	a	a	DET
ftr-330	134	55	chain	chain	NOUN
ftr-330	134	56	and	and	CCONJ
ftr-330	134	57	work	work	VERB
ftr-330	134	58	their	their	PRON
ftr-330	134	59	way	way	NOUN
ftr-330	134	60	up	up	ADP
ftr-330	134	61	to	to	ADP
ftr-330	134	62	stock	stock	NOUN
ftr-330	134	63	of	of	ADP
ftr-330	134	64	includible	includible	ADJ
ftr-330	134	65	corporations	corporation	NOUN
ftr-330	134	66	held	hold	VERB
ftr-330	134	67	by	by	ADP
ftr-330	134	68	the	the	DET
ftr-330	134	69	common	common	ADJ
ftr-330	134	70	parent.22	parent.22	ADJ
ftr-330	134	71	positive	positive	ADJ
ftr-330	134	72	adjustments	adjustment	NOUN
ftr-330	134	73	increase	increase	VERB
ftr-330	134	74	the	the	DET
ftr-330	134	75	basis	basis	NOUN
ftr-330	134	76	of	of	ADP
ftr-330	134	77	the	the	DET
ftr-330	134	78	stock	stock	NOUN
ftr-330	134	79	of	of	ADP
ftr-330	134	80	a	a	DET
ftr-330	134	81	subsidiary	subsidiary	ADJ
ftr-330	134	82	member	member	NOUN
ftr-330	134	83	of	of	ADP
ftr-330	134	84	the	the	DET
ftr-330	134	85	group	group	NOUN
ftr-330	134	86	held	hold	VERB
ftr-330	134	87	by	by	ADP
ftr-330	134	88	another	another	DET
ftr-330	134	89	member	member	NOUN
ftr-330	134	90	,	,	PUNCT
ftr-330	134	91	and	and	CCONJ
ftr-330	134	92	negative	negative	ADJ
ftr-330	134	93	adjustments	adjustment	NOUN
ftr-330	134	94	decrease	decrease	VERB
ftr-330	134	95	basis.23	basis.23	PROPN
ftr-330	134	96	adjustments	adjustment	NOUN
ftr-330	134	97	are	be	AUX
ftr-330	134	98	made	make	VERB
ftr-330	134	99	for	for	ADP
ftr-330	134	100	the	the	DET
ftr-330	134	101	net	net	ADJ
ftr-330	134	102	amount	amount	NOUN
ftr-330	134	103	of	of	ADP
ftr-330	134	104	the	the	DET
ftr-330	134	105	subsidiary	subsidiary	NOUN
ftr-330	134	106	’s	’s	PART
ftr-330	134	107	taxable	taxable	ADJ
ftr-330	134	108	income	income	NOUN
ftr-330	134	109	or	or	CCONJ
ftr-330	134	110	loss	loss	NOUN
ftr-330	134	111	,	,	PUNCT
ftr-330	134	112	expired	expire	VERB
ftr-330	134	113	loss	loss	NOUN
ftr-330	134	114	carryover	carryover	NOUN
ftr-330	134	115	,	,	PUNCT
ftr-330	134	116	tax	tax	NOUN
ftr-330	134	117	-	-	PUNCT
ftr-330	134	118	exempt	exempt	ADJ
ftr-330	134	119	income	income	NOUN
ftr-330	134	120	,	,	PUNCT
ftr-330	134	121	non	non	ADJ
ftr-330	134	122	-	-	ADJ
ftr-330	134	123	deductible	deductible	ADJ
ftr-330	134	124	non	non	ADJ
ftr-330	134	125	-	-	ADJ
ftr-330	134	126	capital	capital	ADJ
ftr-330	134	127	expenses	expense	NOUN
ftr-330	134	128	(	(	PUNCT
ftr-330	134	129	e.g.	e.g.	ADV
ftr-330	134	130	fines	fine	NOUN
ftr-330	134	131	and	and	CCONJ
ftr-330	134	132	disallowed	disallow	VERB
ftr-330	134	133	losses	loss	NOUN
ftr-330	134	134	)	)	PUNCT
ftr-330	134	135	,	,	PUNCT
ftr-330	134	136	and	and	CCONJ
ftr-330	134	137	distributions	distribution	NOUN
ftr-330	134	138	with	with	ADP
ftr-330	134	139	respect	respect	NOUN
ftr-330	134	140	to	to	ADP
ftr-330	134	141	the	the	DET
ftr-330	134	142	stock	stock	NOUN
ftr-330	134	143	of	of	ADP
ftr-330	134	144	the	the	DET
ftr-330	134	145	subsidiary	subsidiary	NOUN
ftr-330	134	146	.	.	PUNCT
ftr-330	135	1	losses	loss	NOUN
ftr-330	135	2	of	of	ADP
ftr-330	135	3	a	a	DET
ftr-330	135	4	subsidiary	subsidiary	NOUN
ftr-330	135	5	and/or	and/or	CCONJ
ftr-330	135	6	distributions	distribution	NOUN
ftr-330	135	7	may	may	AUX
ftr-330	135	8	exceed	exceed	VERB
ftr-330	135	9	the	the	DET
ftr-330	135	10	uppertier	uppertier	ADJ
ftr-330	135	11	corporation	corporation	NOUN
ftr-330	135	12	’s	’s	PART
ftr-330	135	13	basis	basis	NOUN
ftr-330	135	14	in	in	ADP
ftr-330	135	15	the	the	DET
ftr-330	135	16	stock	stock	NOUN
ftr-330	135	17	of	of	ADP
ftr-330	135	18	the	the	DET
ftr-330	135	19	subsidiary	subsidiary	NOUN
ftr-330	135	20	.	.	PUNCT
ftr-330	136	1	in	in	ADP
ftr-330	136	2	that	that	DET
ftr-330	136	3	case	case	NOUN
ftr-330	136	4	,	,	PUNCT
ftr-330	136	5	the	the	DET
ftr-330	136	6	regulations	regulation	NOUN
ftr-330	136	7	provide	provide	VERB
ftr-330	136	8	for	for	ADP
ftr-330	136	9	the	the	DET
ftr-330	136	10	creation	creation	NOUN
ftr-330	136	11	of	of	ADP
ftr-330	136	12	an	an	DET
ftr-330	136	13	“	"	PUNCT
ftr-330	136	14	excess	excess	ADJ
ftr-330	136	15	loss	loss	NOUN
ftr-330	136	16	account	account	NOUN
ftr-330	136	17	”	"	PUNCT
ftr-330	136	18	,	,	PUNCT
ftr-330	136	19	which	which	PRON
ftr-330	136	20	is	be	AUX
ftr-330	136	21	the	the	DET
ftr-330	136	22	equivalent	equivalent	NOUN
ftr-330	136	23	of	of	ADP
ftr-330	136	24	a	a	DET
ftr-330	136	25	negative	negative	ADJ
ftr-330	136	26	basis	basis	NOUN
ftr-330	136	27	in	in	ADP
ftr-330	136	28	the	the	DET
ftr-330	136	29	subsidiary	subsidiary	NOUN
ftr-330	136	30	’s	’s	PART
ftr-330	136	31	stock.24	stock.24	NOUN
ftr-330	136	32	the	the	DET
ftr-330	136	33	amount	amount	NOUN
ftr-330	136	34	of	of	ADP
ftr-330	136	35	an	an	DET
ftr-330	136	36	excess	excess	ADJ
ftr-330	136	37	loss	loss	NOUN
ftr-330	136	38	account	account	NOUN
ftr-330	136	39	attributable	attributable	ADJ
ftr-330	136	40	to	to	ADP
ftr-330	136	41	the	the	DET
ftr-330	136	42	stock	stock	NOUN
ftr-330	136	43	of	of	ADP
ftr-330	136	44	an	an	DET
ftr-330	136	45	includible	includible	ADJ
ftr-330	136	46	subsidiary	subsidiary	NOUN
ftr-330	136	47	is	be	AUX
ftr-330	136	48	recognized	recognize	VERB
ftr-330	136	49	as	as	ADP
ftr-330	136	50	income	income	NOUN
ftr-330	136	51	(	(	PUNCT
ftr-330	136	52	1	1	NUM
ftr-330	136	53	)	)	PUNCT
ftr-330	136	54	on	on	ADP
ftr-330	136	55	a	a	DET
ftr-330	136	56	sale	sale	NOUN
ftr-330	136	57	of	of	ADP
ftr-330	136	58	the	the	DET
ftr-330	136	59	stock	stock	NOUN
ftr-330	136	60	,	,	PUNCT
ftr-330	136	61	(	(	PUNCT
ftr-330	136	62	2	2	X
ftr-330	136	63	)	)	PUNCT
ftr-330	136	64	whenever	whenever	SCONJ
ftr-330	136	65	either	either	CCONJ
ftr-330	136	66	the	the	DET
ftr-330	136	67	subsidiary	subsidiary	NOUN
ftr-330	136	68	or	or	CCONJ
ftr-330	136	69	the	the	DET
ftr-330	136	70	includible	includible	ADJ
ftr-330	136	71	corporation	corporation	NOUN
ftr-330	136	72	holding	hold	VERB
ftr-330	136	73	the	the	DET
ftr-330	136	74	stock	stock	NOUN
ftr-330	136	75	ceases	cease	VERB
ftr-330	136	76	to	to	PART
ftr-330	136	77	be	be	AUX
ftr-330	136	78	a	a	DET
ftr-330	136	79	member	member	NOUN
ftr-330	136	80	of	of	ADP
ftr-330	136	81	the	the	DET
ftr-330	136	82	consolidated	consolidated	ADJ
ftr-330	136	83	group	group	NOUN
ftr-330	136	84	,	,	PUNCT
ftr-330	136	85	or	or	CCONJ
ftr-330	136	86	(	(	PUNCT
ftr-330	136	87	3	3	X
ftr-330	136	88	)	)	PUNCT
ftr-330	136	89	if	if	SCONJ
ftr-330	136	90	the	the	DET
ftr-330	136	91	subsidiary	subsidiary	NOUN
ftr-330	136	92	’s	’s	PART
ftr-330	136	93	stock	stock	NOUN
ftr-330	136	94	becomes	become	VERB
ftr-330	136	95	worthless	worthless	ADJ
ftr-330	136	96	(	(	PUNCT
ftr-330	136	97	as	as	SCONJ
ftr-330	136	98	defined	define	VERB
ftr-330	136	99	in	in	ADP
ftr-330	136	100	the	the	DET
ftr-330	136	101	regulations).25	regulations).25	NOUN
ftr-330	136	102	the	the	DET
ftr-330	136	103	gain	gain	NOUN
ftr-330	136	104	is	be	AUX
ftr-330	136	105	generally	generally	ADV
ftr-330	136	106	treated	treat	VERB
ftr-330	136	107	as	as	ADP
ftr-330	136	108	gain	gain	NOUN
ftr-330	136	109	from	from	ADP
ftr-330	136	110	the	the	DET
ftr-330	136	111	disposition	disposition	NOUN
ftr-330	136	112	of	of	ADP
ftr-330	136	113	stock	stock	NOUN
ftr-330	136	114	,	,	PUNCT
ftr-330	136	115	and	and	CCONJ
ftr-330	136	116	is	be	AUX
ftr-330	136	117	thus	thus	ADV
ftr-330	136	118	capital	capital	NOUN
ftr-330	136	119	gain	gain	NOUN
ftr-330	136	120	.	.	PUNCT
ftr-330	137	1	however	however	ADV
ftr-330	137	2	,	,	PUNCT
ftr-330	137	3	to	to	ADP
ftr-330	137	4	the	the	DET
ftr-330	137	5	extent	extent	NOUN
ftr-330	137	6	that	that	SCONJ
ftr-330	137	7	the	the	DET
ftr-330	137	8	subsidiary	subsidiary	NOUN
ftr-330	137	9	is	be	AUX
ftr-330	137	10	insolvent	insolvent	ADJ
ftr-330	137	11	(	(	PUNCT
ftr-330	137	12	or	or	CCONJ
ftr-330	137	13	deemed	deem	VERB
ftr-330	137	14	to	to	PART
ftr-330	137	15	be	be	AUX
ftr-330	137	16	insolvent	insolvent	ADJ
ftr-330	137	17	)	)	PUNCT
ftr-330	137	18	,	,	PUNCT
ftr-330	137	19	gain	gain	NOUN
ftr-330	137	20	is	be	AUX
ftr-330	137	21	ordinary	ordinary	ADJ
ftr-330	137	22	except	except	SCONJ
ftr-330	137	23	to	to	ADP
ftr-330	137	24	the	the	DET
ftr-330	137	25	extent	extent	NOUN
ftr-330	137	26	that	that	SCONJ
ftr-330	137	27	the	the	DET
ftr-330	137	28	excess	excess	ADJ
ftr-330	137	29	loss	loss	NOUN
ftr-330	137	30	account	account	NOUN
ftr-330	137	31	is	be	AUX
ftr-330	137	32	attributable	attributable	ADJ
ftr-330	137	33	to	to	ADP
ftr-330	137	34	distributions.26	distributions.26	ADJ
ftr-330	137	35	elections	election	NOUN
ftr-330	137	36	—	—	PUNCT
ftr-330	137	37	in	in	ADP
ftr-330	137	38	the	the	DET
ftr-330	137	39	first	first	ADJ
ftr-330	137	40	year	year	NOUN
ftr-330	137	41	that	that	PRON
ftr-330	137	42	a	a	DET
ftr-330	137	43	group	group	NOUN
ftr-330	137	44	files	file	VERB
ftr-330	137	45	a	a	DET
ftr-330	137	46	consolidated	consolidated	ADJ
ftr-330	137	47	return	return	NOUN
ftr-330	137	48	,	,	PUNCT
ftr-330	137	49	each	each	DET
ftr-330	137	50	member	member	NOUN
ftr-330	137	51	of	of	ADP
ftr-330	137	52	the	the	DET
ftr-330	137	53	affiliated	affiliated	ADJ
ftr-330	137	54	group	group	NOUN
ftr-330	137	55	for	for	ADP
ftr-330	137	56	any	any	DET
ftr-330	137	57	part	part	NOUN
ftr-330	137	58	of	of	ADP
ftr-330	137	59	that	that	DET
ftr-330	137	60	year	year	NOUN
ftr-330	137	61	must	must	AUX
ftr-330	137	62	consent	consent	VERB
ftr-330	137	63	to	to	ADP
ftr-330	137	64	filing	file	VERB
ftr-330	137	65	the	the	DET
ftr-330	137	66	return	return	NOUN
ftr-330	137	67	;	;	PUNCT
ftr-330	137	68	generally	generally	ADV
ftr-330	137	69	that	that	DET
ftr-330	137	70	consent	consent	NOUN
ftr-330	137	71	must	must	AUX
ftr-330	137	72	be	be	AUX
ftr-330	137	73	demonstrated	demonstrate	VERB
ftr-330	137	74	by	by	ADP
ftr-330	137	75	the	the	DET
ftr-330	137	76	member	member	NOUN
ftr-330	137	77	filing	file	VERB
ftr-330	137	78	a	a	DET
ftr-330	137	79	form	form	NOUN
ftr-330	137	80	1122	1122	NUM
ftr-330	137	81	with	with	ADP
ftr-330	137	82	the	the	DET
ftr-330	137	83	first	first	ADJ
ftr-330	137	84	return.27	return.27	PROPN
ftr-330	137	85	the	the	DET
ftr-330	137	86	common	common	ADJ
ftr-330	137	87	parent	parent	NOUN
ftr-330	137	88	consents	consent	NOUN
ftr-330	137	89	to	to	ADP
ftr-330	137	90	the	the	DET
ftr-330	137	91	return	return	NOUN
ftr-330	137	92	by	by	ADP
ftr-330	137	93	filing	file	VERB
ftr-330	137	94	the	the	DET
ftr-330	137	95	return	return	NOUN
ftr-330	137	96	.	.	PUNCT
ftr-330	138	1	after	after	ADP
ftr-330	138	2	the	the	DET
ftr-330	138	3	first	first	ADJ
ftr-330	138	4	year	year	NOUN
ftr-330	138	5	,	,	PUNCT
ftr-330	138	6	each	each	DET
ftr-330	138	7	member	member	NOUN
ftr-330	138	8	is	be	AUX
ftr-330	138	9	deemed	deem	VERB
ftr-330	138	10	to	to	PART
ftr-330	138	11	consent	consent	VERB
ftr-330	138	12	to	to	ADP
ftr-330	138	13	the	the	DET
ftr-330	138	14	return	return	NOUN
ftr-330	138	15	,	,	PUNCT
ftr-330	138	16	even	even	ADV
ftr-330	138	17	if	if	SCONJ
ftr-330	138	18	it	it	PRON
ftr-330	138	19	joins	join	VERB
ftr-330	138	20	the	the	DET
ftr-330	138	21	group	group	NOUN
ftr-330	138	22	after	after	ADP
ftr-330	138	23	that	that	DET
ftr-330	138	24	first	first	ADJ
ftr-330	138	25	year.28	year.28	PROPN
ftr-330	138	26	an	an	DET
ftr-330	138	27	election	election	NOUN
ftr-330	138	28	to	to	PART
ftr-330	138	29	file	file	VERB
ftr-330	138	30	a	a	DET
ftr-330	138	31	consolidated	consolidated	ADJ
ftr-330	138	32	return	return	NOUN
ftr-330	138	33	may	may	AUX
ftr-330	138	34	not	not	PART
ftr-330	138	35	be	be	AUX
ftr-330	138	36	revoked	revoke	VERB
ftr-330	138	37	without	without	ADP
ftr-330	138	38	the	the	DET
ftr-330	138	39	consent	consent	NOUN
ftr-330	138	40	of	of	ADP
ftr-330	138	41	the	the	DET
ftr-330	138	42	commissioner	commissioner	NOUN
ftr-330	138	43	.	.	PUNCT
ftr-330	139	1	permission	permission	NOUN
ftr-330	139	2	to	to	PART
ftr-330	139	3	discontinue	discontinue	VERB
ftr-330	139	4	filing	file	VERB
ftr-330	139	5	a	a	DET
ftr-330	139	6	20	20	NUM
ftr-330	139	7	.	.	PUNCT
ftr-330	140	1	reg	reg	NOUN
ftr-330	140	2	.	.	PUNCT
ftr-330	141	1	§	§	PROPN
ftr-330	141	2	1.1502–32	1.1502–32	NUM
ftr-330	141	3	.	.	PUNCT
ftr-330	141	4	21	21	NUM
ftr-330	141	5	.	.	PUNCT
ftr-330	141	6	reg	reg	NOUN
ftr-330	141	7	.	.	PUNCT
ftr-330	142	1	§	§	PROPN
ftr-330	142	2	1.1502–32(a)(1	1.1502–32(a)(1	NUM
ftr-330	142	3	)	)	PUNCT
ftr-330	142	4	.	.	PUNCT
ftr-330	143	1	22	22	NUM
ftr-330	143	2	.	.	PUNCT
ftr-330	144	1	reg	reg	NOUN
ftr-330	144	2	.	.	PUNCT
ftr-330	145	1	§	§	PROPN
ftr-330	145	2	1.1502–32(a)(3)(iii	1.1502–32(a)(3)(iii	NUM
ftr-330	145	3	)	)	PUNCT
ftr-330	145	4	.	.	PUNCT
ftr-330	146	1	23	23	NUM
ftr-330	146	2	.	.	X
ftr-330	147	1	reg	reg	NOUN
ftr-330	147	2	.	.	PUNCT
ftr-330	148	1	§	§	PROPN
ftr-330	148	2	1.1502–32(b)(2	1.1502–32(b)(2	NUM
ftr-330	148	3	)	)	PUNCT
ftr-330	148	4	.	.	PUNCT
ftr-330	149	1	24	24	NUM
ftr-330	149	2	.	.	PUNCT
ftr-330	149	3	reg	reg	NOUN
ftr-330	149	4	.	.	PUNCT
ftr-330	150	1	§	§	PROPN
ftr-330	150	2	1.1502–32(a)(3)(ii	1.1502–32(a)(3)(ii	NUM
ftr-330	150	3	)	)	PUNCT
ftr-330	150	4	.	.	PUNCT
ftr-330	151	1	reg	reg	NOUN
ftr-330	151	2	.	.	PUNCT
ftr-330	152	1	§	§	PROPN
ftr-330	152	2	1.1502–19(a)(2)(b)(ii	1.1502–19(a)(2)(b)(ii	NUM
ftr-330	152	3	)	)	PUNCT
ftr-330	152	4	refers	refer	VERB
ftr-330	152	5	to	to	ADP
ftr-330	152	6	the	the	DET
ftr-330	152	7	amount	amount	NOUN
ftr-330	152	8	of	of	ADP
ftr-330	152	9	an	an	DET
ftr-330	152	10	excess	excess	ADJ
ftr-330	152	11	loss	loss	NOUN
ftr-330	152	12	account	account	NOUN
ftr-330	152	13	as	as	ADP
ftr-330	152	14	“	"	PUNCT
ftr-330	152	15	basis	basis	NOUN
ftr-330	152	16	that	that	PRON
ftr-330	152	17	is	be	AUX
ftr-330	152	18	negative	negative	ADJ
ftr-330	152	19	in	in	ADP
ftr-330	152	20	amount	amount	NOUN
ftr-330	152	21	.	.	PUNCT
ftr-330	152	22	”	"	PUNCT
ftr-330	153	1	25	25	NUM
ftr-330	153	2	.	.	PUNCT
ftr-330	153	3	reg	reg	NOUN
ftr-330	153	4	.	.	PUNCT
ftr-330	154	1	§	§	PROPN
ftr-330	154	2	1.1502–19(a)(1	1.1502–19(a)(1	NUM
ftr-330	154	3	)	)	PUNCT
ftr-330	154	4	,	,	PUNCT
ftr-330	154	5	(	(	PUNCT
ftr-330	154	6	b	b	NOUN
ftr-330	154	7	)	)	PUNCT
ftr-330	154	8	.	.	PUNCT
ftr-330	155	1	26	26	NUM
ftr-330	155	2	.	.	PUNCT
ftr-330	156	1	reg	reg	NOUN
ftr-330	156	2	.	.	PUNCT
ftr-330	157	1	§	§	PROPN
ftr-330	157	2	1.1502–19(b)(4	1.1502–19(b)(4	NUM
ftr-330	157	3	)	)	PUNCT
ftr-330	157	4	.	.	PUNCT
ftr-330	158	1	27	27	NUM
ftr-330	158	2	.	.	PUNCT
ftr-330	159	1	reg	reg	NOUN
ftr-330	159	2	.	.	PUNCT
ftr-330	160	1	§	§	PROPN
ftr-330	160	2	1.1502–75(a)(1	1.1502–75(a)(1	NUM
ftr-330	160	3	)	)	PUNCT
ftr-330	160	4	,	,	PUNCT
ftr-330	160	5	(	(	PUNCT
ftr-330	160	6	b)(2	b)(2	X
ftr-330	160	7	)	)	PUNCT
ftr-330	160	8	.	.	PUNCT
ftr-330	161	1	28	28	NUM
ftr-330	161	2	.	.	PUNCT
ftr-330	162	1	reg	reg	NOUN
ftr-330	162	2	.	.	PUNCT
ftr-330	163	1	§	§	PROPN
ftr-330	163	2	1.1502–75(a)(2	1.1502–75(a)(2	NUM
ftr-330	163	3	)	)	PUNCT
ftr-330	163	4	.	.	PUNCT
ftr-330	164	1	2012	2012	NUM
ftr-330	164	2	]	]	PUNCT
ftr-330	164	3	understanding	understand	VERB
ftr-330	164	4	consolidated	consolidated	ADJ
ftr-330	164	5	returns	return	NOUN
ftr-330	164	6	133	133	NUM
ftr-330	164	7	consolidated	consolidated	ADJ
ftr-330	164	8	return	return	NOUN
ftr-330	164	9	will	will	AUX
ftr-330	164	10	be	be	AUX
ftr-330	164	11	granted	grant	VERB
ftr-330	164	12	only	only	ADV
ftr-330	164	13	on	on	ADP
ftr-330	164	14	a	a	DET
ftr-330	164	15	showing	showing	NOUN
ftr-330	164	16	of	of	ADP
ftr-330	164	17	good	good	ADJ
ftr-330	164	18	cause.29	cause.29	NOUN
ftr-330	164	19	the	the	DET
ftr-330	164	20	regulations	regulation	NOUN
ftr-330	164	21	describe	describe	VERB
ftr-330	164	22	“	"	PUNCT
ftr-330	164	23	good	good	ADJ
ftr-330	164	24	cause	cause	NOUN
ftr-330	164	25	”	"	PUNCT
ftr-330	164	26	as	as	ADP
ftr-330	164	27	including	include	VERB
ftr-330	164	28	a	a	DET
ftr-330	164	29	change	change	NOUN
ftr-330	164	30	in	in	ADP
ftr-330	164	31	the	the	DET
ftr-330	164	32	code	code	NOUN
ftr-330	164	33	,	,	PUNCT
ftr-330	164	34	regulations	regulation	NOUN
ftr-330	164	35	,	,	PUNCT
ftr-330	164	36	or	or	CCONJ
ftr-330	164	37	other	other	ADJ
ftr-330	164	38	law	law	NOUN
ftr-330	164	39	which	which	PRON
ftr-330	164	40	has	have	VERB
ftr-330	164	41	a	a	DET
ftr-330	164	42	“	"	PUNCT
ftr-330	164	43	substantial	substantial	ADJ
ftr-330	164	44	adverse	adverse	ADJ
ftr-330	164	45	effect	effect	NOUN
ftr-330	164	46	”	"	PUNCT
ftr-330	164	47	on	on	ADP
ftr-330	164	48	the	the	DET
ftr-330	164	49	tax	tax	NOUN
ftr-330	164	50	liability	liability	NOUN
ftr-330	164	51	of	of	ADP
ftr-330	164	52	an	an	DET
ftr-330	164	53	affiliated	affiliated	ADJ
ftr-330	164	54	group	group	NOUN
ftr-330	164	55	relative	relative	ADJ
ftr-330	164	56	to	to	ADP
ftr-330	164	57	the	the	DET
ftr-330	164	58	aggregate	aggregate	ADJ
ftr-330	164	59	tax	tax	NOUN
ftr-330	164	60	liability	liability	NOUN
ftr-330	164	61	of	of	ADP
ftr-330	164	62	the	the	DET
ftr-330	164	63	members	member	NOUN
ftr-330	164	64	of	of	ADP
ftr-330	164	65	the	the	DET
ftr-330	164	66	group	group	NOUN
ftr-330	164	67	filing	file	VERB
ftr-330	164	68	separate	separate	ADJ
ftr-330	164	69	returns.30	returns.30	VERB
ftr-330	164	70	the	the	DET
ftr-330	164	71	commissioner	commissioner	NOUN
ftr-330	164	72	has	have	VERB
ftr-330	164	73	additional	additional	ADJ
ftr-330	164	74	authority	authority	NOUN
ftr-330	164	75	to	to	PART
ftr-330	164	76	grant	grant	VERB
ftr-330	164	77	blanket	blanket	NOUN
ftr-330	164	78	permission	permission	NOUN
ftr-330	164	79	to	to	PART
ftr-330	164	80	discontinue	discontinue	VERB
ftr-330	164	81	filing	file	VERB
ftr-330	164	82	consolidated	consolidated	ADJ
ftr-330	164	83	returns	return	NOUN
ftr-330	164	84	to	to	ADP
ftr-330	164	85	all	all	DET
ftr-330	164	86	groups	group	NOUN
ftr-330	164	87	,	,	PUNCT
ftr-330	164	88	or	or	CCONJ
ftr-330	164	89	to	to	ADP
ftr-330	164	90	a	a	DET
ftr-330	164	91	class	class	NOUN
ftr-330	164	92	of	of	ADP
ftr-330	164	93	groups	group	NOUN
ftr-330	164	94	,	,	PUNCT
ftr-330	164	95	in	in	ADP
ftr-330	164	96	the	the	DET
ftr-330	164	97	event	event	NOUN
ftr-330	164	98	of	of	ADP
ftr-330	164	99	a	a	DET
ftr-330	164	100	change	change	NOUN
ftr-330	164	101	in	in	ADP
ftr-330	164	102	the	the	DET
ftr-330	164	103	law	law	NOUN
ftr-330	164	104	of	of	ADP
ftr-330	164	105	the	the	DET
ftr-330	164	106	type	type	NOUN
ftr-330	164	107	that	that	PRON
ftr-330	164	108	will	will	AUX
ftr-330	164	109	have	have	VERB
ftr-330	164	110	a	a	DET
ftr-330	164	111	“	"	PUNCT
ftr-330	164	112	substantial	substantial	ADJ
ftr-330	164	113	adverse	adverse	ADJ
ftr-330	164	114	effect	effect	NOUN
ftr-330	164	115	on	on	ADP
ftr-330	164	116	the	the	DET
ftr-330	164	117	filing	filing	NOUN
ftr-330	164	118	of	of	ADP
ftr-330	164	119	consolidated	consolidated	ADJ
ftr-330	164	120	returns	return	NOUN
ftr-330	164	121	.	.	PUNCT
ftr-330	165	1	”31	”31	PROPN
ftr-330	166	1	the	the	DET
ftr-330	166	2	election	election	NOUN
ftr-330	166	3	to	to	PART
ftr-330	166	4	file	file	VERB
ftr-330	166	5	a	a	DET
ftr-330	166	6	consolidated	consolidated	ADJ
ftr-330	166	7	return	return	NOUN
ftr-330	166	8	will	will	AUX
ftr-330	166	9	,	,	PUNCT
ftr-330	166	10	therefore	therefore	ADV
ftr-330	166	11	,	,	PUNCT
ftr-330	166	12	affect	affect	VERB
ftr-330	166	13	the	the	DET
ftr-330	166	14	tax	tax	NOUN
ftr-330	166	15	liability	liability	NOUN
ftr-330	166	16	of	of	ADP
ftr-330	166	17	an	an	DET
ftr-330	166	18	affiliated	affiliated	ADJ
ftr-330	166	19	group	group	NOUN
ftr-330	166	20	for	for	ADP
ftr-330	166	21	the	the	DET
ftr-330	166	22	current	current	ADJ
ftr-330	166	23	and	and	CCONJ
ftr-330	166	24	future	future	ADJ
ftr-330	166	25	tax	tax	NOUN
ftr-330	166	26	years	year	NOUN
ftr-330	166	27	,	,	PUNCT
ftr-330	166	28	and	and	CCONJ
ftr-330	166	29	a	a	DET
ftr-330	166	30	proposal	proposal	NOUN
ftr-330	166	31	to	to	PART
ftr-330	166	32	file	file	VERB
ftr-330	166	33	a	a	DET
ftr-330	166	34	consolidated	consolidated	ADJ
ftr-330	166	35	return	return	NOUN
ftr-330	166	36	must	must	AUX
ftr-330	166	37	be	be	AUX
ftr-330	166	38	carefully	carefully	ADV
ftr-330	166	39	analyzed	analyze	VERB
ftr-330	166	40	.	.	PUNCT
ftr-330	167	1	iii	iii	X
ftr-330	167	2	.	.	PUNCT
ftr-330	168	1	eligibility	eligibility	NOUN
ftr-330	168	2	and	and	CCONJ
ftr-330	168	3	includible	includible	ADJ
ftr-330	168	4	corporations	corporation	NOUN
ftr-330	168	5	a.	a.	NOUN
ftr-330	168	6	stock	stock	PROPN
ftr-330	168	7	ownership	ownership	NOUN
ftr-330	168	8	an	an	DET
ftr-330	168	9	affiliated	affiliated	ADJ
ftr-330	168	10	group	group	NOUN
ftr-330	168	11	consists	consist	VERB
ftr-330	168	12	of	of	ADP
ftr-330	168	13	the	the	DET
ftr-330	168	14	common	common	ADJ
ftr-330	168	15	parent	parent	NOUN
ftr-330	168	16	and	and	CCONJ
ftr-330	168	17	one	one	NUM
ftr-330	168	18	or	or	CCONJ
ftr-330	168	19	more	more	ADJ
ftr-330	168	20	chains	chain	NOUN
ftr-330	168	21	of	of	ADP
ftr-330	168	22	corporations	corporation	NOUN
ftr-330	168	23	connected	connect	VERB
ftr-330	168	24	through	through	ADP
ftr-330	168	25	stock	stock	NOUN
ftr-330	168	26	ownership	ownership	NOUN
ftr-330	168	27	with	with	ADP
ftr-330	168	28	the	the	DET
ftr-330	168	29	common	common	ADJ
ftr-330	168	30	parent.32	parent.32	NOUN
ftr-330	168	31	the	the	DET
ftr-330	168	32	common	common	ADJ
ftr-330	168	33	parent	parent	NOUN
ftr-330	168	34	must	must	AUX
ftr-330	168	35	own	own	VERB
ftr-330	168	36	stock	stock	NOUN
ftr-330	168	37	of	of	ADP
ftr-330	168	38	at	at	ADV
ftr-330	168	39	least	least	ADV
ftr-330	168	40	one	one	NUM
ftr-330	168	41	other	other	ADJ
ftr-330	168	42	corporation	corporation	NOUN
ftr-330	168	43	that	that	PRON
ftr-330	168	44	represents	represent	VERB
ftr-330	168	45	at	at	ADV
ftr-330	168	46	least	least	ADV
ftr-330	168	47	80	80	NUM
ftr-330	168	48	percent	percent	NOUN
ftr-330	168	49	of	of	ADP
ftr-330	168	50	the	the	DET
ftr-330	168	51	total	total	ADJ
ftr-330	168	52	voting	voting	NOUN
ftr-330	168	53	power	power	NOUN
ftr-330	168	54	of	of	ADP
ftr-330	168	55	the	the	DET
ftr-330	168	56	stock	stock	NOUN
ftr-330	168	57	of	of	ADP
ftr-330	168	58	that	that	DET
ftr-330	168	59	corporation	corporation	NOUN
ftr-330	168	60	and	and	CCONJ
ftr-330	168	61	has	have	VERB
ftr-330	168	62	value	value	NOUN
ftr-330	168	63	equal	equal	ADJ
ftr-330	168	64	to	to	ADP
ftr-330	168	65	at	at	ADV
ftr-330	168	66	least	least	ADV
ftr-330	168	67	80	80	NUM
ftr-330	168	68	percent	percent	NOUN
ftr-330	168	69	of	of	ADP
ftr-330	168	70	the	the	DET
ftr-330	168	71	total	total	ADJ
ftr-330	168	72	value	value	NOUN
ftr-330	168	73	of	of	ADP
ftr-330	168	74	the	the	DET
ftr-330	168	75	stock	stock	NOUN
ftr-330	168	76	of	of	ADP
ftr-330	168	77	that	that	DET
ftr-330	168	78	corporation.33	corporation.33	NOUN
ftr-330	168	79	in	in	ADP
ftr-330	168	80	addition	addition	NOUN
ftr-330	168	81	,	,	PUNCT
ftr-330	168	82	each	each	DET
ftr-330	168	83	includible	includible	ADJ
ftr-330	168	84	corporation	corporation	NOUN
ftr-330	168	85	must	must	AUX
ftr-330	168	86	be	be	AUX
ftr-330	168	87	connected	connect	VERB
ftr-330	168	88	to	to	ADP
ftr-330	168	89	the	the	DET
ftr-330	168	90	common	common	ADJ
ftr-330	168	91	parent	parent	NOUN
ftr-330	168	92	or	or	CCONJ
ftr-330	168	93	to	to	ADP
ftr-330	168	94	one	one	NUM
ftr-330	168	95	or	or	CCONJ
ftr-330	168	96	more	more	ADJ
ftr-330	168	97	corporations	corporation	NOUN
ftr-330	168	98	owned	own	VERB
ftr-330	168	99	by	by	ADP
ftr-330	168	100	the	the	DET
ftr-330	168	101	common	common	ADJ
ftr-330	168	102	parent	parent	NOUN
ftr-330	168	103	with	with	ADP
ftr-330	168	104	the	the	DET
ftr-330	168	105	requisite	requisite	ADJ
ftr-330	168	106	80	80	NUM
ftr-330	168	107	percent	percent	NOUN
ftr-330	168	108	of	of	ADP
ftr-330	168	109	voting	voting	NOUN
ftr-330	168	110	power	power	NOUN
ftr-330	168	111	and	and	CCONJ
ftr-330	168	112	value	value	NOUN
ftr-330	168	113	.	.	PUNCT
ftr-330	169	1	thus	thus	ADV
ftr-330	169	2	,	,	PUNCT
ftr-330	169	3	a	a	DET
ftr-330	169	4	single	single	ADJ
ftr-330	169	5	chain	chain	NOUN
ftr-330	169	6	of	of	ADP
ftr-330	169	7	connected	connected	ADJ
ftr-330	169	8	corporations	corporation	NOUN
ftr-330	169	9	or	or	CCONJ
ftr-330	169	10	parallel	parallel	ADJ
ftr-330	169	11	brother	brother	NOUN
ftr-330	169	12	-	-	PUNCT
ftr-330	169	13	sister	sister	NOUN
ftr-330	169	14	corporations	corporation	NOUN
ftr-330	169	15	connected	connect	VERB
ftr-330	169	16	to	to	ADP
ftr-330	169	17	a	a	DET
ftr-330	169	18	common	common	ADJ
ftr-330	169	19	parent	parent	NOUN
ftr-330	169	20	corporation	corporation	NOUN
ftr-330	169	21	can	can	AUX
ftr-330	169	22	qualify	qualify	VERB
ftr-330	169	23	as	as	ADP
ftr-330	169	24	an	an	DET
ftr-330	169	25	affiliated	affiliated	ADJ
ftr-330	169	26	group	group	NOUN
ftr-330	169	27	.	.	PUNCT
ftr-330	170	1	all	all	DET
ftr-330	170	2	shares	share	NOUN
ftr-330	170	3	of	of	ADP
ftr-330	170	4	stock	stock	NOUN
ftr-330	170	5	within	within	ADP
ftr-330	170	6	a	a	DET
ftr-330	170	7	class	class	NOUN
ftr-330	170	8	are	be	AUX
ftr-330	170	9	treated	treat	VERB
ftr-330	170	10	as	as	ADP
ftr-330	170	11	having	have	VERB
ftr-330	170	12	the	the	DET
ftr-330	170	13	same	same	ADJ
ftr-330	170	14	value	value	NOUN
ftr-330	170	15	.	.	PUNCT
ftr-330	171	1	control	control	NOUN
ftr-330	171	2	premiums	premium	NOUN
ftr-330	171	3	,	,	PUNCT
ftr-330	171	4	minority	minority	NOUN
ftr-330	171	5	discounts	discount	NOUN
ftr-330	171	6	and	and	CCONJ
ftr-330	171	7	blockage	blockage	NOUN
ftr-330	171	8	discounts	discount	NOUN
ftr-330	171	9	are	be	AUX
ftr-330	171	10	not	not	PART
ftr-330	171	11	taken	take	VERB
ftr-330	171	12	into	into	ADP
ftr-330	171	13	account.34	account.34	PROPN
ftr-330	171	14	generally	generally	ADV
ftr-330	171	15	,	,	PUNCT
ftr-330	171	16	voting	vote	VERB
ftr-330	171	17	power	power	NOUN
ftr-330	171	18	relates	relate	VERB
ftr-330	171	19	to	to	ADP
ftr-330	171	20	the	the	DET
ftr-330	171	21	right	right	NOUN
ftr-330	171	22	to	to	PART
ftr-330	171	23	elect	elect	VERB
ftr-330	171	24	members	member	NOUN
ftr-330	171	25	of	of	ADP
ftr-330	171	26	the	the	DET
ftr-330	171	27	board	board	NOUN
ftr-330	171	28	of	of	ADP
ftr-330	171	29	directors	director	NOUN
ftr-330	171	30	,	,	PUNCT
ftr-330	171	31	although	although	SCONJ
ftr-330	171	32	other	other	ADJ
ftr-330	171	33	factors	factor	NOUN
ftr-330	171	34	may	may	AUX
ftr-330	171	35	be	be	AUX
ftr-330	171	36	considered	consider	VERB
ftr-330	171	37	for	for	ADP
ftr-330	171	38	complicated	complicated	ADJ
ftr-330	171	39	voting	voting	NOUN
ftr-330	171	40	arrangements	arrangement	NOUN
ftr-330	171	41	.	.	PUNCT
ftr-330	172	1	in	in	ADP
ftr-330	172	2	alumax	alumax	PROPN
ftr-330	172	3	inc	inc	PROPN
ftr-330	172	4	.	.	PROPN
ftr-330	172	5	v.	v.	PROPN
ftr-330	172	6	commissioner,35	commissioner,35	NOUN
ftr-330	172	7	the	the	DET
ftr-330	172	8	court	court	NOUN
ftr-330	172	9	was	be	AUX
ftr-330	172	10	required	require	VERB
ftr-330	172	11	to	to	PART
ftr-330	172	12	interpret	interpret	VERB
ftr-330	172	13	the	the	DET
ftr-330	172	14	80	80	NUM
ftr-330	172	15	percent	percent	NOUN
ftr-330	172	16	voting	voting	NOUN
ftr-330	172	17	power	power	NOUN
ftr-330	172	18	requirement	requirement	NOUN
ftr-330	172	19	of	of	ADP
ftr-330	172	20	section	section	NOUN
ftr-330	172	21	29	29	NUM
ftr-330	172	22	.	.	PUNCT
ftr-330	173	1	reg	reg	NOUN
ftr-330	173	2	.	.	PUNCT
ftr-330	174	1	§	§	PROPN
ftr-330	174	2	1.1502–75(c	1.1502–75(c	NUM
ftr-330	174	3	)	)	PUNCT
ftr-330	174	4	.	.	PUNCT
ftr-330	175	1	30	30	NUM
ftr-330	175	2	.	.	PUNCT
ftr-330	176	1	reg	reg	NOUN
ftr-330	176	2	.	.	PUNCT
ftr-330	177	1	§	§	PROPN
ftr-330	177	2	1.1502–75(c)(1)(ii	1.1502–75(c)(1)(ii	NUM
ftr-330	177	3	)	)	PUNCT
ftr-330	177	4	.	.	PUNCT
ftr-330	178	1	31	31	NUM
ftr-330	178	2	.	.	PUNCT
ftr-330	179	1	reg	reg	NOUN
ftr-330	179	2	.	.	PUNCT
ftr-330	180	1	§	§	PROPN
ftr-330	180	2	1.1502–75(c)(2	1.1502–75(c)(2	NUM
ftr-330	180	3	)	)	PUNCT
ftr-330	180	4	.	.	PUNCT
ftr-330	181	1	the	the	DET
ftr-330	181	2	irs	irs	PROPN
ftr-330	181	3	typically	typically	ADV
ftr-330	181	4	allows	allow	VERB
ftr-330	181	5	consolidated	consolidated	ADJ
ftr-330	181	6	groups	group	NOUN
ftr-330	181	7	the	the	DET
ftr-330	181	8	option	option	NOUN
ftr-330	181	9	to	to	PART
ftr-330	181	10	cease	cease	VERB
ftr-330	181	11	filing	file	VERB
ftr-330	181	12	consolidated	consolidated	ADJ
ftr-330	181	13	returns	return	NOUN
ftr-330	181	14	when	when	SCONJ
ftr-330	181	15	it	it	PRON
ftr-330	181	16	promulgates	promulgate	VERB
ftr-330	181	17	any	any	DET
ftr-330	181	18	significant	significant	ADJ
ftr-330	181	19	change	change	NOUN
ftr-330	181	20	to	to	ADP
ftr-330	181	21	the	the	DET
ftr-330	181	22	overall	overall	ADJ
ftr-330	181	23	consolidated	consolidated	ADJ
ftr-330	181	24	return	return	NOUN
ftr-330	181	25	regime	regime	NOUN
ftr-330	181	26	.	.	PUNCT
ftr-330	182	1	32	32	NUM
ftr-330	182	2	.	.	PUNCT
ftr-330	182	3	i.r.c	i.r.c	NOUN
ftr-330	182	4	.	.	PUNCT
ftr-330	183	1	§	§	PROPN
ftr-330	183	2	1504(a)(1	1504(a)(1	NUM
ftr-330	183	3	)	)	PUNCT
ftr-330	183	4	.	.	PUNCT
ftr-330	184	1	33	33	NUM
ftr-330	184	2	.	.	PUNCT
ftr-330	184	3	i.r.c	i.r.c	NOUN
ftr-330	184	4	.	.	PUNCT
ftr-330	185	1	§	§	PROPN
ftr-330	185	2	1504(a)(1	1504(a)(1	NUM
ftr-330	185	3	)	)	PUNCT
ftr-330	185	4	,	,	PUNCT
ftr-330	185	5	(	(	PUNCT
ftr-330	185	6	2	2	NUM
ftr-330	185	7	)	)	PUNCT
ftr-330	185	8	.	.	PUNCT
ftr-330	186	1	34	34	NUM
ftr-330	186	2	.	.	PUNCT
ftr-330	187	1	reg	reg	PROPN
ftr-330	187	2	.	.	PUNCT
ftr-330	188	1	§	§	PROPN
ftr-330	188	2	1.1504–4(b)(2)(iv	1.1504–4(b)(2)(iv	NUM
ftr-330	188	3	)	)	PUNCT
ftr-330	188	4	.	.	PUNCT
ftr-330	189	1	35	35	NUM
ftr-330	189	2	.	.	X
ftr-330	190	1	109	109	NUM
ftr-330	190	2	t.c	t.c	PROPN
ftr-330	190	3	.	.	PROPN
ftr-330	190	4	133	133	NUM
ftr-330	190	5	(	(	PUNCT
ftr-330	190	6	1997	1997	NUM
ftr-330	190	7	)	)	PUNCT
ftr-330	190	8	,	,	PUNCT
ftr-330	190	9	aff’d	aff’d	VERB
ftr-330	190	10	,	,	PUNCT
ftr-330	190	11	165	165	NUM
ftr-330	190	12	f.3d	f.3d	NUM
ftr-330	190	13	822	822	NUM
ftr-330	190	14	(	(	PUNCT
ftr-330	190	15	11th	11th	ADJ
ftr-330	190	16	cir	cir	NOUN
ftr-330	190	17	.	.	PUNCT
ftr-330	190	18	1999	1999	NUM
ftr-330	190	19	)	)	PUNCT
ftr-330	190	20	.	.	PUNCT
ftr-330	191	1	134	134	NUM
ftr-330	191	2	florida	florida	PROPN
ftr-330	191	3	tax	tax	NOUN
ftr-330	191	4	review	review	NOUN
ftr-330	191	5	[	[	X
ftr-330	191	6	vol	vol	NOUN
ftr-330	191	7	.	.	PUNCT
ftr-330	191	8	12:3	12:3	NUM
ftr-330	191	9	1502(a)(2	1502(a)(2	NUM
ftr-330	191	10	)	)	PUNCT
ftr-330	191	11	in	in	ADP
ftr-330	191	12	the	the	DET
ftr-330	191	13	face	face	NOUN
ftr-330	191	14	of	of	ADP
ftr-330	191	15	a	a	DET
ftr-330	191	16	complicated	complicated	ADJ
ftr-330	191	17	voting	voting	NOUN
ftr-330	191	18	arrangement	arrangement	NOUN
ftr-330	191	19	.	.	PUNCT
ftr-330	192	1	alumax	alumax	PROPN
ftr-330	192	2	had	have	VERB
ftr-330	192	3	two	two	NUM
ftr-330	192	4	classes	class	NOUN
ftr-330	192	5	of	of	ADP
ftr-330	192	6	stock	stock	NOUN
ftr-330	192	7	outstanding	outstanding	ADJ
ftr-330	192	8	.	.	PUNCT
ftr-330	193	1	the	the	DET
ftr-330	193	2	class	class	NOUN
ftr-330	193	3	c	c	PROPN
ftr-330	193	4	stock	stock	NOUN
ftr-330	193	5	,	,	PUNCT
ftr-330	193	6	which	which	PRON
ftr-330	193	7	was	be	AUX
ftr-330	193	8	owned	own	VERB
ftr-330	193	9	by	by	ADP
ftr-330	193	10	an	an	DET
ftr-330	193	11	affiliated	affiliated	ADJ
ftr-330	193	12	group	group	NOUN
ftr-330	193	13	claiming	claim	VERB
ftr-330	193	14	control	control	NOUN
ftr-330	193	15	,	,	PUNCT
ftr-330	193	16	was	be	AUX
ftr-330	193	17	entitled	entitle	VERB
ftr-330	193	18	to	to	PART
ftr-330	193	19	elect	elect	VERB
ftr-330	193	20	four	four	NUM
ftr-330	193	21	of	of	ADP
ftr-330	193	22	six	six	NUM
ftr-330	193	23	voting	voting	NOUN
ftr-330	193	24	members	member	NOUN
ftr-330	193	25	of	of	ADP
ftr-330	193	26	the	the	DET
ftr-330	193	27	alumax	alumax	PROPN
ftr-330	193	28	board	board	NOUN
ftr-330	193	29	.	.	PUNCT
ftr-330	194	1	the	the	DET
ftr-330	194	2	class	class	NOUN
ftr-330	194	3	b	b	PROPN
ftr-330	194	4	stock	stock	NOUN
ftr-330	194	5	was	be	AUX
ftr-330	194	6	entitled	entitle	VERB
ftr-330	194	7	to	to	PART
ftr-330	194	8	elect	elect	VERB
ftr-330	194	9	two	two	NUM
ftr-330	194	10	of	of	ADP
ftr-330	194	11	six	six	NUM
ftr-330	194	12	voting	voting	NOUN
ftr-330	194	13	members	member	NOUN
ftr-330	194	14	.	.	PUNCT
ftr-330	195	1	the	the	DET
ftr-330	195	2	class	class	PROPN
ftr-330	195	3	b	b	PROPN
ftr-330	195	4	and	and	CCONJ
ftr-330	195	5	class	class	NOUN
ftr-330	195	6	c	c	NOUN
ftr-330	195	7	directors	director	NOUN
ftr-330	195	8	,	,	PUNCT
ftr-330	195	9	in	in	ADP
ftr-330	195	10	the	the	DET
ftr-330	195	11	aggregate	aggregate	NOUN
ftr-330	195	12	and	and	CCONJ
ftr-330	195	13	not	not	PART
ftr-330	195	14	voting	vote	VERB
ftr-330	195	15	by	by	ADP
ftr-330	195	16	class	class	NOUN
ftr-330	195	17	,	,	PUNCT
ftr-330	195	18	elected	elect	VERB
ftr-330	195	19	one	one	NUM
ftr-330	195	20	of	of	ADP
ftr-330	195	21	two	two	NUM
ftr-330	195	22	special	special	ADJ
ftr-330	195	23	non	non	ADJ
ftr-330	195	24	-	-	ADJ
ftr-330	195	25	voting	voting	ADJ
ftr-330	195	26	directors	director	NOUN
ftr-330	195	27	.	.	PUNCT
ftr-330	196	1	by	by	ADP
ftr-330	196	2	agreement	agreement	NOUN
ftr-330	196	3	between	between	ADP
ftr-330	196	4	the	the	DET
ftr-330	196	5	two	two	NUM
ftr-330	196	6	classes	class	NOUN
ftr-330	196	7	of	of	ADP
ftr-330	196	8	stockholders	stockholder	NOUN
ftr-330	196	9	,	,	PUNCT
ftr-330	196	10	the	the	DET
ftr-330	196	11	class	class	NOUN
ftr-330	196	12	b	b	PROPN
ftr-330	196	13	directors	director	NOUN
ftr-330	196	14	were	be	AUX
ftr-330	196	15	permitted	permit	VERB
ftr-330	196	16	to	to	PART
ftr-330	196	17	name	name	VERB
ftr-330	196	18	this	this	DET
ftr-330	196	19	special	special	ADJ
ftr-330	196	20	director	director	NOUN
ftr-330	196	21	.	.	PUNCT
ftr-330	197	1	the	the	DET
ftr-330	197	2	other	other	ADJ
ftr-330	197	3	special	special	ADJ
ftr-330	197	4	non	non	ADJ
ftr-330	197	5	-	-	ADJ
ftr-330	197	6	voting	voting	ADJ
ftr-330	197	7	director	director	NOUN
ftr-330	197	8	was	be	AUX
ftr-330	197	9	the	the	DET
ftr-330	197	10	ceo	ceo	NOUN
ftr-330	197	11	of	of	ADP
ftr-330	197	12	alumax	alumax	NOUN
ftr-330	197	13	.	.	PUNCT
ftr-330	198	1	each	each	PRON
ftr-330	198	2	of	of	ADP
ftr-330	198	3	the	the	DET
ftr-330	198	4	two	two	NUM
ftr-330	198	5	class	class	NOUN
ftr-330	198	6	b	b	NOUN
ftr-330	198	7	directors	director	NOUN
ftr-330	198	8	had	have	VERB
ftr-330	198	9	one	one	NUM
ftr-330	198	10	vote	vote	NOUN
ftr-330	198	11	.	.	PUNCT
ftr-330	199	1	each	each	PRON
ftr-330	199	2	of	of	ADP
ftr-330	199	3	the	the	DET
ftr-330	199	4	four	four	NUM
ftr-330	199	5	class	class	NOUN
ftr-330	199	6	c	c	NOUN
ftr-330	199	7	directors	director	NOUN
ftr-330	199	8	had	have	VERB
ftr-330	199	9	two	two	NUM
ftr-330	199	10	votes	vote	NOUN
ftr-330	199	11	.	.	PUNCT
ftr-330	200	1	however	however	ADV
ftr-330	200	2	,	,	PUNCT
ftr-330	200	3	a	a	DET
ftr-330	200	4	majority	majority	NOUN
ftr-330	200	5	of	of	ADP
ftr-330	200	6	the	the	DET
ftr-330	200	7	directors	director	NOUN
ftr-330	200	8	of	of	ADP
ftr-330	200	9	each	each	PRON
ftr-330	200	10	of	of	ADP
ftr-330	200	11	the	the	DET
ftr-330	200	12	two	two	NUM
ftr-330	200	13	classes	class	NOUN
ftr-330	200	14	was	be	AUX
ftr-330	200	15	required	require	VERB
ftr-330	200	16	to	to	PART
ftr-330	200	17	approve	approve	VERB
ftr-330	200	18	certain	certain	ADJ
ftr-330	200	19	corporate	corporate	ADJ
ftr-330	200	20	actions	action	NOUN
ftr-330	200	21	.	.	PUNCT
ftr-330	201	1	likewise	likewise	ADV
ftr-330	201	2	,	,	PUNCT
ftr-330	201	3	with	with	ADP
ftr-330	201	4	respect	respect	NOUN
ftr-330	201	5	to	to	ADP
ftr-330	201	6	shareholder	shareholder	NOUN
ftr-330	201	7	votes	vote	NOUN
ftr-330	201	8	,	,	PUNCT
ftr-330	201	9	each	each	DET
ftr-330	201	10	share	share	NOUN
ftr-330	201	11	of	of	ADP
ftr-330	201	12	class	class	NOUN
ftr-330	201	13	c	c	PROPN
ftr-330	201	14	stock	stock	NOUN
ftr-330	201	15	had	have	VERB
ftr-330	201	16	four	four	NUM
ftr-330	201	17	votes	vote	NOUN
ftr-330	201	18	while	while	SCONJ
ftr-330	201	19	each	each	DET
ftr-330	201	20	share	share	NOUN
ftr-330	201	21	of	of	ADP
ftr-330	201	22	class	class	NOUN
ftr-330	201	23	b	b	PROPN
ftr-330	201	24	stock	stock	NOUN
ftr-330	201	25	had	have	VERB
ftr-330	201	26	one	one	NUM
ftr-330	201	27	vote	vote	NOUN
ftr-330	201	28	.	.	PUNCT
ftr-330	202	1	a	a	DET
ftr-330	202	2	majority	majority	NOUN
ftr-330	202	3	vote	vote	NOUN
ftr-330	202	4	of	of	ADP
ftr-330	202	5	each	each	DET
ftr-330	202	6	class	class	NOUN
ftr-330	202	7	of	of	ADP
ftr-330	202	8	stock	stock	NOUN
ftr-330	202	9	was	be	AUX
ftr-330	202	10	required	require	VERB
ftr-330	202	11	with	with	ADP
ftr-330	202	12	respect	respect	NOUN
ftr-330	202	13	to	to	ADP
ftr-330	202	14	a	a	DET
ftr-330	202	15	number	number	NOUN
ftr-330	202	16	of	of	ADP
ftr-330	202	17	restricted	restricted	ADJ
ftr-330	202	18	stockholder	stockholder	NOUN
ftr-330	202	19	matters	matter	NOUN
ftr-330	202	20	.	.	PUNCT
ftr-330	203	1	the	the	DET
ftr-330	203	2	court	court	NOUN
ftr-330	203	3	rejected	reject	VERB
ftr-330	203	4	the	the	DET
ftr-330	203	5	taxpayer	taxpayer	NOUN
ftr-330	203	6	’s	’s	PART
ftr-330	203	7	assertion	assertion	NOUN
ftr-330	203	8	that	that	SCONJ
ftr-330	203	9	a	a	DET
ftr-330	203	10	mechanical	mechanical	ADJ
ftr-330	203	11	application	application	NOUN
ftr-330	203	12	of	of	ADP
ftr-330	203	13	these	these	DET
ftr-330	203	14	voting	voting	NOUN
ftr-330	203	15	formulae	formulae	NOUN
ftr-330	203	16	represented	represent	VERB
ftr-330	203	17	80	80	NUM
ftr-330	203	18	percent	percent	NOUN
ftr-330	203	19	voting	voting	NOUN
ftr-330	203	20	control	control	NOUN
ftr-330	203	21	.	.	PUNCT
ftr-330	204	1	the	the	DET
ftr-330	204	2	court	court	NOUN
ftr-330	204	3	held	hold	VERB
ftr-330	204	4	that	that	SCONJ
ftr-330	204	5	the	the	DET
ftr-330	204	6	impact	impact	NOUN
ftr-330	204	7	of	of	ADP
ftr-330	204	8	various	various	ADJ
ftr-330	204	9	restrictions	restriction	NOUN
ftr-330	204	10	on	on	ADP
ftr-330	204	11	the	the	DET
ftr-330	204	12	actions	action	NOUN
ftr-330	204	13	of	of	ADP
ftr-330	204	14	elected	elect	VERB
ftr-330	204	15	directors	director	NOUN
ftr-330	204	16	must	must	AUX
ftr-330	204	17	be	be	AUX
ftr-330	204	18	taken	take	VERB
ftr-330	204	19	into	into	ADP
ftr-330	204	20	account	account	NOUN
ftr-330	204	21	in	in	ADP
ftr-330	204	22	assessing	assess	VERB
ftr-330	204	23	the	the	DET
ftr-330	204	24	existence	existence	NOUN
ftr-330	204	25	of	of	ADP
ftr-330	204	26	voting	vote	VERB
ftr-330	204	27	power	power	NOUN
ftr-330	204	28	under	under	ADP
ftr-330	204	29	section	section	NOUN
ftr-330	204	30	1502(a)(2	1502(a)(2	NUM
ftr-330	204	31	)	)	PUNCT
ftr-330	204	32	.	.	PUNCT
ftr-330	205	1	accordingly	accordingly	ADV
ftr-330	205	2	,	,	PUNCT
ftr-330	205	3	the	the	DET
ftr-330	205	4	control	control	NOUN
ftr-330	205	5	test	test	NOUN
ftr-330	205	6	was	be	AUX
ftr-330	205	7	not	not	PART
ftr-330	205	8	met	meet	VERB
ftr-330	205	9	and	and	CCONJ
ftr-330	205	10	alumax	alumax	NOUN
ftr-330	205	11	was	be	AUX
ftr-330	205	12	not	not	PART
ftr-330	205	13	part	part	NOUN
ftr-330	205	14	of	of	ADP
ftr-330	205	15	the	the	DET
ftr-330	205	16	affiliated	affiliated	ADJ
ftr-330	205	17	group	group	NOUN
ftr-330	205	18	.	.	PUNCT
ftr-330	206	1	certain	certain	ADJ
ftr-330	206	2	stock	stock	NOUN
ftr-330	206	3	that	that	PRON
ftr-330	206	4	possesses	possess	VERB
ftr-330	206	5	more	more	ADJ
ftr-330	206	6	“	"	PUNCT
ftr-330	206	7	debt	debt	NOUN
ftr-330	206	8	-	-	PUNCT
ftr-330	206	9	like	like	ADJ
ftr-330	206	10	”	"	PUNCT
ftr-330	206	11	features	feature	NOUN
ftr-330	206	12	than	than	ADP
ftr-330	206	13	equity	equity	NOUN
ftr-330	206	14	features	feature	NOUN
ftr-330	206	15	is	be	AUX
ftr-330	206	16	not	not	PART
ftr-330	206	17	included	include	VERB
ftr-330	206	18	for	for	ADP
ftr-330	206	19	purposes	purpose	NOUN
ftr-330	206	20	of	of	ADP
ftr-330	206	21	determining	determine	VERB
ftr-330	206	22	whether	whether	SCONJ
ftr-330	206	23	the	the	DET
ftr-330	206	24	voting	voting	NOUN
ftr-330	206	25	power	power	NOUN
ftr-330	206	26	and	and	CCONJ
ftr-330	206	27	value	value	NOUN
ftr-330	206	28	tests	test	NOUN
ftr-330	206	29	of	of	ADP
ftr-330	206	30	section	section	NOUN
ftr-330	206	31	1504(a)(2	1504(a)(2	NUM
ftr-330	206	32	)	)	PUNCT
ftr-330	206	33	are	be	AUX
ftr-330	206	34	satisfied	satisfied	ADJ
ftr-330	206	35	.	.	PUNCT
ftr-330	207	1	section	section	NOUN
ftr-330	207	2	1504(a)(4	1504(a)(4	NUM
ftr-330	207	3	)	)	PUNCT
ftr-330	207	4	provides	provide	VERB
ftr-330	207	5	that	that	SCONJ
ftr-330	207	6	“	"	PUNCT
ftr-330	207	7	stock	stock	NOUN
ftr-330	207	8	”	"	PUNCT
ftr-330	207	9	does	do	AUX
ftr-330	207	10	not	not	PART
ftr-330	207	11	include	include	VERB
ftr-330	207	12	non	non	ADJ
ftr-330	207	13	-	-	ADJ
ftr-330	207	14	voting	voting	ADJ
ftr-330	207	15	stock	stock	NOUN
ftr-330	207	16	that	that	PRON
ftr-330	207	17	is	be	AUX
ftr-330	207	18	limited	limit	VERB
ftr-330	207	19	and	and	CCONJ
ftr-330	207	20	preferred	prefer	VERB
ftr-330	207	21	as	as	ADP
ftr-330	207	22	to	to	ADP
ftr-330	207	23	dividends	dividend	NOUN
ftr-330	207	24	and	and	CCONJ
ftr-330	207	25	does	do	AUX
ftr-330	207	26	not	not	PART
ftr-330	207	27	participate	participate	VERB
ftr-330	207	28	in	in	ADP
ftr-330	207	29	corporate	corporate	ADJ
ftr-330	207	30	growth	growth	NOUN
ftr-330	207	31	to	to	ADP
ftr-330	207	32	any	any	DET
ftr-330	207	33	significant	significant	ADJ
ftr-330	207	34	extent	extent	NOUN
ftr-330	207	35	,	,	PUNCT
ftr-330	207	36	if	if	SCONJ
ftr-330	207	37	its	its	PRON
ftr-330	207	38	liquidation	liquidation	NOUN
ftr-330	207	39	and	and	CCONJ
ftr-330	207	40	redemption	redemption	NOUN
ftr-330	207	41	rights	right	NOUN
ftr-330	207	42	do	do	AUX
ftr-330	207	43	not	not	PART
ftr-330	207	44	exceed	exceed	VERB
ftr-330	207	45	its	its	PRON
ftr-330	207	46	issue	issue	NOUN
ftr-330	207	47	price	price	NOUN
ftr-330	207	48	(	(	PUNCT
ftr-330	207	49	except	except	SCONJ
ftr-330	207	50	for	for	ADP
ftr-330	207	51	a	a	DET
ftr-330	207	52	reasonable	reasonable	ADJ
ftr-330	207	53	liquidation	liquidation	NOUN
ftr-330	207	54	or	or	CCONJ
ftr-330	207	55	redemption	redemption	NOUN
ftr-330	207	56	premium	premium	NOUN
ftr-330	207	57	)	)	PUNCT
ftr-330	207	58	,	,	PUNCT
ftr-330	207	59	and	and	CCONJ
ftr-330	207	60	it	it	PRON
ftr-330	207	61	is	be	AUX
ftr-330	207	62	not	not	PART
ftr-330	207	63	convertible	convertible	ADJ
ftr-330	207	64	into	into	ADP
ftr-330	207	65	another	another	DET
ftr-330	207	66	class	class	NOUN
ftr-330	207	67	of	of	ADP
ftr-330	207	68	stock	stock	NOUN
ftr-330	207	69	.	.	PUNCT
ftr-330	208	1	in	in	ADP
ftr-330	208	2	addition	addition	NOUN
ftr-330	208	3	,	,	PUNCT
ftr-330	208	4	section	section	NOUN
ftr-330	208	5	1504(a)(5	1504(a)(5	NUM
ftr-330	208	6	)	)	PUNCT
ftr-330	208	7	authorizes	authorize	VERB
ftr-330	208	8	regulations	regulation	NOUN
ftr-330	208	9	that	that	PRON
ftr-330	208	10	treat	treat	VERB
ftr-330	208	11	certain	certain	ADJ
ftr-330	208	12	convertible	convertible	ADJ
ftr-330	208	13	instruments	instrument	NOUN
ftr-330	208	14	as	as	ADP
ftr-330	208	15	not	not	PART
ftr-330	208	16	constituting	constitute	VERB
ftr-330	208	17	stock	stock	NOUN
ftr-330	208	18	.	.	PUNCT
ftr-330	209	1	the	the	DET
ftr-330	209	2	regulations	regulation	NOUN
ftr-330	209	3	provide	provide	VERB
ftr-330	209	4	in	in	ADP
ftr-330	209	5	general	general	ADJ
ftr-330	209	6	that	that	SCONJ
ftr-330	209	7	options	option	NOUN
ftr-330	209	8	will	will	AUX
ftr-330	209	9	not	not	PART
ftr-330	209	10	be	be	AUX
ftr-330	209	11	treated	treat	VERB
ftr-330	209	12	as	as	ADP
ftr-330	209	13	stock	stock	NOUN
ftr-330	209	14	,	,	PUNCT
ftr-330	209	15	or	or	CCONJ
ftr-330	209	16	as	as	SCONJ
ftr-330	209	17	deemed	deem	VERB
ftr-330	209	18	exercised	exercise	VERB
ftr-330	209	19	,	,	PUNCT
ftr-330	209	20	unless	unless	SCONJ
ftr-330	209	21	it	it	PRON
ftr-330	209	22	can	can	AUX
ftr-330	209	23	be	be	AUX
ftr-330	209	24	reasonably	reasonably	ADV
ftr-330	209	25	anticipated	anticipate	VERB
ftr-330	209	26	that	that	SCONJ
ftr-330	209	27	the	the	DET
ftr-330	209	28	issue	issue	NOUN
ftr-330	209	29	or	or	CCONJ
ftr-330	209	30	transfer	transfer	NOUN
ftr-330	209	31	of	of	ADP
ftr-330	209	32	the	the	DET
ftr-330	209	33	underlying	underlie	VERB
ftr-330	209	34	stock	stock	NOUN
ftr-330	209	35	will	will	AUX
ftr-330	209	36	result	result	VERB
ftr-330	209	37	in	in	ADP
ftr-330	209	38	a	a	DET
ftr-330	209	39	substantial	substantial	ADJ
ftr-330	209	40	federal	federal	ADJ
ftr-330	209	41	income	income	NOUN
ftr-330	209	42	tax	tax	NOUN
ftr-330	209	43	saving	saving	NOUN
ftr-330	209	44	,	,	PUNCT
ftr-330	209	45	and	and	CCONJ
ftr-330	209	46	it	it	PRON
ftr-330	209	47	is	be	AUX
ftr-330	209	48	reasonably	reasonably	ADV
ftr-330	209	49	certain	certain	ADJ
ftr-330	209	50	that	that	SCONJ
ftr-330	209	51	the	the	DET
ftr-330	209	52	option	option	NOUN
ftr-330	209	53	will	will	AUX
ftr-330	209	54	be	be	AUX
ftr-330	209	55	exercised.36	exercised.36	VERB
ftr-330	209	56	the	the	DET
ftr-330	209	57	regulations	regulation	NOUN
ftr-330	209	58	broadly	broadly	ADV
ftr-330	209	59	define	define	VERB
ftr-330	209	60	options	option	NOUN
ftr-330	209	61	as	as	ADP
ftr-330	209	62	including	include	VERB
ftr-330	209	63	any	any	DET
ftr-330	209	64	instrument	instrument	NOUN
ftr-330	209	65	that	that	PRON
ftr-330	209	66	provides	provide	VERB
ftr-330	209	67	for	for	ADP
ftr-330	209	68	the	the	DET
ftr-330	209	69	transfer	transfer	NOUN
ftr-330	209	70	of	of	ADP
ftr-330	209	71	stock.37	stock.37	NOUN
ftr-330	209	72	this	this	DET
ftr-330	209	73	definition	definition	NOUN
ftr-330	209	74	,	,	PUNCT
ftr-330	209	75	therefore	therefore	ADV
ftr-330	209	76	,	,	PUNCT
ftr-330	209	77	includes	include	VERB
ftr-330	209	78	convertible	convertible	ADJ
ftr-330	209	79	stock	stock	NOUN
ftr-330	209	80	.	.	PUNCT
ftr-330	210	1	the	the	DET
ftr-330	210	2	inquiry	inquiry	NOUN
ftr-330	210	3	is	be	AUX
ftr-330	210	4	undertaken	undertake	VERB
ftr-330	210	5	at	at	ADP
ftr-330	210	6	the	the	DET
ftr-330	210	7	time	time	NOUN
ftr-330	210	8	of	of	ADP
ftr-330	210	9	issue	issue	NOUN
ftr-330	210	10	or	or	CCONJ
ftr-330	210	11	transfer	transfer	NOUN
ftr-330	210	12	of	of	ADP
ftr-330	210	13	an	an	DET
ftr-330	210	14	option	option	NOUN
ftr-330	210	15	,	,	PUNCT
ftr-330	210	16	the	the	DET
ftr-330	210	17	“	"	PUNCT
ftr-330	210	18	measurement	measurement	NOUN
ftr-330	210	19	date	date	NOUN
ftr-330	210	20	,	,	PUNCT
ftr-330	210	21	”	"	PUNCT
ftr-330	210	22	with	with	ADP
ftr-330	210	23	some	some	DET
ftr-330	210	24	exceptions.38	exceptions.38	NOUN
ftr-330	210	25	if	if	SCONJ
ftr-330	210	26	an	an	DET
ftr-330	210	27	36	36	NUM
ftr-330	210	28	.	.	PUNCT
ftr-330	210	29	reg	reg	NOUN
ftr-330	210	30	.	.	PUNCT
ftr-330	211	1	§	§	PROPN
ftr-330	211	2	1.1504–4(b)(1	1.1504–4(b)(1	NUM
ftr-330	211	3	)	)	PUNCT
ftr-330	211	4	,	,	PUNCT
ftr-330	211	5	(	(	PUNCT
ftr-330	211	6	2)(i	2)(i	NUM
ftr-330	211	7	)	)	PUNCT
ftr-330	211	8	.	.	PUNCT
ftr-330	212	1	37	37	NUM
ftr-330	212	2	.	.	PUNCT
ftr-330	213	1	reg	reg	NOUN
ftr-330	213	2	.	.	PUNCT
ftr-330	214	1	§	§	PROPN
ftr-330	214	2	1.1504–4(d)(1	1.1504–4(d)(1	NUM
ftr-330	214	3	)	)	PUNCT
ftr-330	214	4	.	.	PUNCT
ftr-330	215	1	38	38	NUM
ftr-330	215	2	.	.	PUNCT
ftr-330	216	1	reg	reg	NOUN
ftr-330	216	2	.	.	PUNCT
ftr-330	217	1	§	§	PROPN
ftr-330	217	2	1.1504–4(c)(4	1.1504–4(c)(4	NUM
ftr-330	217	3	)	)	PUNCT
ftr-330	217	4	.	.	PUNCT
ftr-330	218	1	a	a	DET
ftr-330	218	2	“	"	PUNCT
ftr-330	218	3	measurement	measurement	NOUN
ftr-330	218	4	date	date	NOUN
ftr-330	218	5	”	"	PUNCT
ftr-330	218	6	does	do	AUX
ftr-330	218	7	not	not	PART
ftr-330	218	8	include	include	VERB
ftr-330	218	9	a	a	DET
ftr-330	218	10	transfer	transfer	NOUN
ftr-330	218	11	between	between	ADP
ftr-330	218	12	spouses	spouse	NOUN
ftr-330	218	13	that	that	PRON
ftr-330	218	14	is	be	AUX
ftr-330	218	15	covered	cover	VERB
ftr-330	218	16	by	by	ADP
ftr-330	218	17	§	§	PROPN
ftr-330	218	18	1041	1041	NUM
ftr-330	218	19	,	,	PUNCT
ftr-330	218	20	or	or	CCONJ
ftr-330	218	21	a	a	DET
ftr-330	218	22	transfer	transfer	NOUN
ftr-330	218	23	between	between	ADP
ftr-330	218	24	persons	person	NOUN
ftr-330	218	25	2012	2012	NUM
ftr-330	218	26	]	]	PUNCT
ftr-330	218	27	understanding	understand	VERB
ftr-330	218	28	consolidated	consolidated	ADJ
ftr-330	218	29	returns	return	NOUN
ftr-330	218	30	135	135	NUM
ftr-330	218	31	option	option	NOUN
ftr-330	218	32	is	be	AUX
ftr-330	218	33	treated	treat	VERB
ftr-330	218	34	as	as	SCONJ
ftr-330	218	35	exercised	exercise	VERB
ftr-330	218	36	,	,	PUNCT
ftr-330	218	37	it	it	PRON
ftr-330	218	38	will	will	AUX
ftr-330	218	39	be	be	AUX
ftr-330	218	40	taken	take	VERB
ftr-330	218	41	into	into	ADP
ftr-330	218	42	account	account	NOUN
ftr-330	218	43	in	in	ADP
ftr-330	218	44	determining	determine	VERB
ftr-330	218	45	the	the	DET
ftr-330	218	46	percentage	percentage	NOUN
ftr-330	218	47	of	of	ADP
ftr-330	218	48	the	the	DET
ftr-330	218	49	value	value	NOUN
ftr-330	218	50	of	of	ADP
ftr-330	218	51	stock	stock	NOUN
ftr-330	218	52	held	hold	VERB
ftr-330	218	53	by	by	ADP
ftr-330	218	54	the	the	DET
ftr-330	218	55	option	option	NOUN
ftr-330	218	56	holder	holder	NOUN
ftr-330	218	57	relative	relative	ADJ
ftr-330	218	58	to	to	ADP
ftr-330	218	59	other	other	ADJ
ftr-330	218	60	parties	party	NOUN
ftr-330	218	61	,	,	PUNCT
ftr-330	218	62	but	but	CCONJ
ftr-330	218	63	not	not	PART
ftr-330	218	64	for	for	ADP
ftr-330	218	65	purposes	purpose	NOUN
ftr-330	218	66	of	of	ADP
ftr-330	218	67	determining	determine	VERB
ftr-330	218	68	the	the	DET
ftr-330	218	69	option	option	NOUN
ftr-330	218	70	holder	holder	NOUN
ftr-330	218	71	’s	’s	PART
ftr-330	218	72	voting	voting	NOUN
ftr-330	218	73	power.39	power.39	PROPN
ftr-330	218	74	b.	b.	PROPN
ftr-330	218	75	includible	includible	PROPN
ftr-330	218	76	corporations	corporation	NOUN
ftr-330	218	77	an	an	DET
ftr-330	218	78	includible	includible	ADJ
ftr-330	218	79	corporation	corporation	NOUN
ftr-330	218	80	is	be	AUX
ftr-330	218	81	any	any	DET
ftr-330	218	82	domestic	domestic	ADJ
ftr-330	218	83	corporation	corporation	NOUN
ftr-330	218	84	that	that	PRON
ftr-330	218	85	is	be	AUX
ftr-330	218	86	a	a	DET
ftr-330	218	87	member	member	NOUN
ftr-330	218	88	of	of	ADP
ftr-330	218	89	the	the	DET
ftr-330	218	90	affiliated	affiliated	ADJ
ftr-330	218	91	group	group	NOUN
ftr-330	218	92	at	at	ADP
ftr-330	218	93	any	any	DET
ftr-330	218	94	time	time	NOUN
ftr-330	218	95	during	during	ADP
ftr-330	218	96	the	the	DET
ftr-330	218	97	taxable	taxable	ADJ
ftr-330	218	98	year	year	NOUN
ftr-330	218	99	under	under	ADP
ftr-330	218	100	the	the	DET
ftr-330	218	101	stock	stock	NOUN
ftr-330	218	102	ownership	ownership	NOUN
ftr-330	218	103	tests	test	NOUN
ftr-330	218	104	of	of	ADP
ftr-330	218	105	section	section	NOUN
ftr-330	218	106	1504(b	1504(b	NOUN
ftr-330	218	107	)	)	PUNCT
ftr-330	218	108	.	.	PUNCT
ftr-330	219	1	includible	includible	ADJ
ftr-330	219	2	corporations	corporation	NOUN
ftr-330	219	3	do	do	AUX
ftr-330	219	4	not	not	PART
ftr-330	219	5	include	include	VERB
ftr-330	219	6	,	,	PUNCT
ftr-330	219	7	among	among	ADP
ftr-330	219	8	others	other	NOUN
ftr-330	219	9	,	,	PUNCT
ftr-330	219	10	tax	tax	NOUN
ftr-330	219	11	-	-	PUNCT
ftr-330	219	12	exempt	exempt	ADJ
ftr-330	219	13	corporations	corporation	NOUN
ftr-330	219	14	,	,	PUNCT
ftr-330	219	15	insurance	insurance	NOUN
ftr-330	219	16	companies,40	companies,40	VERB
ftr-330	219	17	possessions	possession	NOUN
ftr-330	219	18	corporations	corporation	NOUN
ftr-330	219	19	under	under	ADP
ftr-330	219	20	section	section	NOUN
ftr-330	219	21	936	936	NUM
ftr-330	219	22	(	(	PUNCT
ftr-330	219	23	certain	certain	ADJ
ftr-330	219	24	u.s	u.s	PROPN
ftr-330	219	25	.	.	PROPN
ftr-330	219	26	owned	own	VERB
ftr-330	219	27	corporations	corporation	NOUN
ftr-330	219	28	doing	do	VERB
ftr-330	219	29	business	business	NOUN
ftr-330	219	30	in	in	ADP
ftr-330	219	31	puerto	puerto	PROPN
ftr-330	219	32	rico	rico	PROPN
ftr-330	219	33	)	)	PUNCT
ftr-330	219	34	,	,	PUNCT
ftr-330	219	35	regulated	regulate	VERB
ftr-330	219	36	investment	investment	NOUN
ftr-330	219	37	companies	company	NOUN
ftr-330	219	38	(	(	PUNCT
ftr-330	219	39	mutual	mutual	ADJ
ftr-330	219	40	funds	fund	NOUN
ftr-330	219	41	)	)	PUNCT
ftr-330	219	42	and	and	CCONJ
ftr-330	219	43	real	real	ADJ
ftr-330	219	44	estate	estate	NOUN
ftr-330	219	45	investment	investment	NOUN
ftr-330	219	46	trusts	trust	NOUN
ftr-330	219	47	.	.	PUNCT
ftr-330	220	1	an	an	DET
ftr-330	220	2	includible	includible	ADJ
ftr-330	220	3	corporation	corporation	NOUN
ftr-330	220	4	must	must	AUX
ftr-330	220	5	be	be	AUX
ftr-330	220	6	included	include	VERB
ftr-330	220	7	in	in	ADP
ftr-330	220	8	the	the	DET
ftr-330	220	9	consolidated	consolidated	ADJ
ftr-330	220	10	return	return	NOUN
ftr-330	220	11	of	of	ADP
ftr-330	220	12	an	an	DET
ftr-330	220	13	affiliated	affiliated	ADJ
ftr-330	220	14	group	group	NOUN
ftr-330	220	15	for	for	ADP
ftr-330	220	16	the	the	DET
ftr-330	220	17	part	part	NOUN
ftr-330	220	18	of	of	ADP
ftr-330	220	19	any	any	DET
ftr-330	220	20	year	year	NOUN
ftr-330	220	21	during	during	ADP
ftr-330	220	22	which	which	PRON
ftr-330	220	23	the	the	DET
ftr-330	220	24	includible	includible	ADJ
ftr-330	220	25	corporation	corporation	NOUN
ftr-330	220	26	meets	meet	VERB
ftr-330	220	27	the	the	DET
ftr-330	220	28	stock	stock	NOUN
ftr-330	220	29	ownership	ownership	NOUN
ftr-330	220	30	tests.41	tests.41	NOUN
ftr-330	220	31	if	if	SCONJ
ftr-330	220	32	a	a	DET
ftr-330	220	33	corporation	corporation	NOUN
ftr-330	220	34	ceases	cease	VERB
ftr-330	220	35	to	to	PART
ftr-330	220	36	be	be	AUX
ftr-330	220	37	a	a	DET
ftr-330	220	38	member	member	NOUN
ftr-330	220	39	of	of	ADP
ftr-330	220	40	an	an	DET
ftr-330	220	41	affiliated	affiliated	ADJ
ftr-330	220	42	group	group	NOUN
ftr-330	220	43	,	,	PUNCT
ftr-330	220	44	absent	absent	ADJ
ftr-330	220	45	the	the	DET
ftr-330	220	46	consent	consent	NOUN
ftr-330	220	47	of	of	ADP
ftr-330	220	48	the	the	DET
ftr-330	220	49	commissioner	commissioner	NOUN
ftr-330	220	50	,	,	PUNCT
ftr-330	220	51	the	the	DET
ftr-330	220	52	corporation	corporation	NOUN
ftr-330	220	53	may	may	AUX
ftr-330	220	54	not	not	PART
ftr-330	220	55	again	again	ADV
ftr-330	220	56	be	be	AUX
ftr-330	220	57	included	include	VERB
ftr-330	220	58	within	within	ADP
ftr-330	220	59	the	the	DET
ftr-330	220	60	consolidated	consolidated	ADJ
ftr-330	220	61	return	return	NOUN
ftr-330	220	62	of	of	ADP
ftr-330	220	63	the	the	DET
ftr-330	220	64	affiliated	affiliated	ADJ
ftr-330	220	65	group	group	NOUN
ftr-330	220	66	for	for	ADP
ftr-330	220	67	five	five	NUM
ftr-330	220	68	years	year	NOUN
ftr-330	220	69	after	after	ADP
ftr-330	220	70	the	the	DET
ftr-330	220	71	close	close	NOUN
ftr-330	220	72	of	of	ADP
ftr-330	220	73	the	the	DET
ftr-330	220	74	taxable	taxable	ADJ
ftr-330	220	75	year	year	NOUN
ftr-330	220	76	in	in	ADP
ftr-330	220	77	which	which	PRON
ftr-330	220	78	the	the	DET
ftr-330	220	79	corporation	corporation	NOUN
ftr-330	220	80	ceased	cease	VERB
ftr-330	220	81	to	to	PART
ftr-330	220	82	be	be	AUX
ftr-330	220	83	a	a	DET
ftr-330	220	84	member	member	NOUN
ftr-330	220	85	of	of	ADP
ftr-330	220	86	the	the	DET
ftr-330	220	87	group.42	group.42	NOUN
ftr-330	220	88	in	in	ADP
ftr-330	220	89	elko	elko	PROPN
ftr-330	220	90	realty	realty	PROPN
ftr-330	220	91	co.	co.	PROPN
ftr-330	221	1	v.	v.	CCONJ
ftr-330	221	2	commissioner,43	commissioner,43	PROPN
ftr-330	221	3	the	the	DET
ftr-330	221	4	court	court	NOUN
ftr-330	221	5	held	hold	VERB
ftr-330	221	6	that	that	SCONJ
ftr-330	221	7	two	two	NUM
ftr-330	221	8	subsidiaries	subsidiary	NOUN
ftr-330	221	9	acquired	acquire	VERB
ftr-330	221	10	for	for	ADP
ftr-330	221	11	the	the	DET
ftr-330	221	12	purpose	purpose	NOUN
ftr-330	221	13	of	of	ADP
ftr-330	221	14	using	use	VERB
ftr-330	221	15	losses	loss	NOUN
ftr-330	221	16	to	to	PART
ftr-330	221	17	offset	offset	VERB
ftr-330	221	18	income	income	NOUN
ftr-330	221	19	of	of	ADP
ftr-330	221	20	the	the	DET
ftr-330	221	21	profitable	profitable	ADJ
ftr-330	221	22	acquiring	acquire	VERB
ftr-330	221	23	corporation	corporation	NOUN
ftr-330	221	24	were	be	AUX
ftr-330	221	25	not	not	PART
ftr-330	221	26	includible	includible	ADJ
ftr-330	221	27	on	on	ADP
ftr-330	221	28	a	a	DET
ftr-330	221	29	consolidated	consolidated	ADJ
ftr-330	221	30	return	return	NOUN
ftr-330	221	31	.	.	PUNCT
ftr-330	222	1	the	the	DET
ftr-330	222	2	court	court	NOUN
ftr-330	222	3	indicated	indicate	VERB
ftr-330	222	4	that	that	SCONJ
ftr-330	222	5	if	if	SCONJ
ftr-330	222	6	ownership	ownership	NOUN
ftr-330	222	7	of	of	ADP
ftr-330	222	8	a	a	DET
ftr-330	222	9	subsidiary	subsidiary	NOUN
ftr-330	222	10	’s	’s	PART
ftr-330	222	11	stock	stock	NOUN
ftr-330	222	12	serves	serve	VERB
ftr-330	222	13	no	no	DET
ftr-330	222	14	business	business	NOUN
ftr-330	222	15	purpose	purpose	NOUN
ftr-330	222	16	other	other	ADJ
ftr-330	222	17	than	than	ADP
ftr-330	222	18	a	a	DET
ftr-330	222	19	tax	tax	NOUN
ftr-330	222	20	reduction	reduction	NOUN
ftr-330	222	21	purpose	purpose	NOUN
ftr-330	222	22	,	,	PUNCT
ftr-330	222	23	the	the	DET
ftr-330	222	24	subsidiary	subsidiary	NOUN
ftr-330	222	25	is	be	AUX
ftr-330	222	26	not	not	PART
ftr-330	222	27	an	an	DET
ftr-330	222	28	affiliate	affiliate	NOUN
ftr-330	222	29	for	for	ADP
ftr-330	222	30	purposes	purpose	NOUN
ftr-330	222	31	of	of	ADP
ftr-330	222	32	the	the	DET
ftr-330	222	33	consolidated	consolidated	ADJ
ftr-330	222	34	return	return	NOUN
ftr-330	222	35	provisions	provision	NOUN
ftr-330	222	36	.	.	PUNCT
ftr-330	223	1	the	the	DET
ftr-330	223	2	court	court	NOUN
ftr-330	223	3	also	also	ADV
ftr-330	223	4	disallowed	disallow	VERB
ftr-330	223	5	loss	loss	NOUN
ftr-330	223	6	deductions	deduction	NOUN
ftr-330	223	7	under	under	ADP
ftr-330	223	8	the	the	DET
ftr-330	223	9	predecessor	predecessor	NOUN
ftr-330	223	10	to	to	ADP
ftr-330	223	11	section	section	NOUN
ftr-330	223	12	269	269	NUM
ftr-330	223	13	.	.	PUNCT
ftr-330	224	1	none	none	NOUN
ftr-330	224	2	of	of	ADP
ftr-330	224	3	whom	whom	PRON
ftr-330	224	4	is	be	AUX
ftr-330	224	5	a	a	DET
ftr-330	224	6	member	member	NOUN
ftr-330	224	7	(	(	PUNCT
ftr-330	224	8	or	or	CCONJ
ftr-330	224	9	related	relate	VERB
ftr-330	224	10	to	to	ADP
ftr-330	224	11	a	a	DET
ftr-330	224	12	member	member	NOUN
ftr-330	224	13	)	)	PUNCT
ftr-330	224	14	of	of	ADP
ftr-330	224	15	an	an	DET
ftr-330	224	16	affiliated	affiliated	ADJ
ftr-330	224	17	group	group	NOUN
ftr-330	224	18	that	that	PRON
ftr-330	224	19	includes	include	VERB
ftr-330	224	20	the	the	DET
ftr-330	224	21	issuing	issue	VERB
ftr-330	224	22	corporation	corporation	NOUN
ftr-330	224	23	.	.	PUNCT
ftr-330	225	1	reg	reg	NOUN
ftr-330	225	2	.	.	PUNCT
ftr-330	226	1	§	§	PROPN
ftr-330	226	2	1.1504–4(c)(4)(ii	1.1504–4(c)(4)(ii	NUM
ftr-330	226	3	)	)	PUNCT
ftr-330	226	4	.	.	PUNCT
ftr-330	227	1	39	39	NUM
ftr-330	227	2	.	.	PUNCT
ftr-330	228	1	reg	reg	NOUN
ftr-330	228	2	.	.	PUNCT
ftr-330	229	1	§	§	PROPN
ftr-330	229	2	1.1504–4(b)(2)(iii	1.1504–4(b)(2)(iii	NUM
ftr-330	229	3	)	)	PUNCT
ftr-330	229	4	.	.	PUNCT
ftr-330	230	1	40	40	NUM
ftr-330	230	2	.	.	PUNCT
ftr-330	230	3	section	section	NOUN
ftr-330	230	4	1504(c	1504(c	NOUN
ftr-330	230	5	)	)	PUNCT
ftr-330	230	6	permits	permit	VERB
ftr-330	230	7	insurance	insurance	NOUN
ftr-330	230	8	companies	company	NOUN
ftr-330	230	9	to	to	PART
ftr-330	230	10	form	form	VERB
ftr-330	230	11	a	a	DET
ftr-330	230	12	consolidated	consolidated	ADJ
ftr-330	230	13	group	group	NOUN
ftr-330	230	14	that	that	PRON
ftr-330	230	15	includes	include	VERB
ftr-330	230	16	only	only	ADV
ftr-330	230	17	affiliated	affiliated	ADJ
ftr-330	230	18	insurance	insurance	NOUN
ftr-330	230	19	companies	company	NOUN
ftr-330	230	20	.	.	PUNCT
ftr-330	231	1	in	in	ADP
ftr-330	231	2	addition	addition	NOUN
ftr-330	231	3	,	,	PUNCT
ftr-330	231	4	the	the	DET
ftr-330	231	5	common	common	ADJ
ftr-330	231	6	parent	parent	NOUN
ftr-330	231	7	of	of	ADP
ftr-330	231	8	an	an	DET
ftr-330	231	9	affiliated	affiliated	ADJ
ftr-330	231	10	group	group	NOUN
ftr-330	231	11	can	can	AUX
ftr-330	231	12	elect	elect	VERB
ftr-330	231	13	to	to	PART
ftr-330	231	14	include	include	VERB
ftr-330	231	15	an	an	DET
ftr-330	231	16	insurance	insurance	NOUN
ftr-330	231	17	company	company	NOUN
ftr-330	231	18	on	on	ADP
ftr-330	231	19	the	the	DET
ftr-330	231	20	consolidated	consolidated	ADJ
ftr-330	231	21	return	return	NOUN
ftr-330	231	22	of	of	ADP
ftr-330	231	23	the	the	DET
ftr-330	231	24	group	group	NOUN
ftr-330	231	25	after	after	SCONJ
ftr-330	231	26	the	the	DET
ftr-330	231	27	insurance	insurance	NOUN
ftr-330	231	28	company	company	NOUN
ftr-330	231	29	has	have	AUX
ftr-330	231	30	been	be	AUX
ftr-330	231	31	a	a	DET
ftr-330	231	32	member	member	NOUN
ftr-330	231	33	of	of	ADP
ftr-330	231	34	the	the	DET
ftr-330	231	35	affiliated	affiliated	ADJ
ftr-330	231	36	group	group	NOUN
ftr-330	231	37	for	for	ADP
ftr-330	231	38	five	five	NUM
ftr-330	231	39	consecutive	consecutive	ADJ
ftr-330	231	40	years	year	NOUN
ftr-330	231	41	.	.	PUNCT
ftr-330	232	1	41	41	NUM
ftr-330	232	2	.	.	PUNCT
ftr-330	232	3	i.r.c	i.r.c	NOUN
ftr-330	232	4	.	.	PUNCT
ftr-330	233	1	§	§	PROPN
ftr-330	233	2	1501	1501	NUM
ftr-330	233	3	.	.	PUNCT
ftr-330	234	1	42	42	NUM
ftr-330	234	2	.	.	PUNCT
ftr-330	234	3	i.r.c	i.r.c	NOUN
ftr-330	234	4	.	.	PUNCT
ftr-330	235	1	§	§	PROPN
ftr-330	235	2	1504(a)(3	1504(a)(3	NUM
ftr-330	235	3	)	)	PUNCT
ftr-330	235	4	.	.	PUNCT
ftr-330	236	1	but	but	CCONJ
ftr-330	236	2	see	see	VERB
ftr-330	236	3	rev	rev	PROPN
ftr-330	236	4	.	.	PROPN
ftr-330	236	5	proc	proc	PROPN
ftr-330	236	6	.	.	PUNCT
ftr-330	237	1	2002–32	2002–32	NUM
ftr-330	237	2	,	,	PUNCT
ftr-330	237	3	2002–1	2002–1	PROPN
ftr-330	237	4	c.b	c.b	PROPN
ftr-330	237	5	.	.	PROPN
ftr-330	237	6	959	959	NUM
ftr-330	237	7	(	(	PUNCT
ftr-330	237	8	permitting	permit	VERB
ftr-330	237	9	certain	certain	ADJ
ftr-330	237	10	qualifying	qualifying	NOUN
ftr-330	237	11	corporations	corporation	NOUN
ftr-330	237	12	to	to	PART
ftr-330	237	13	obtain	obtain	VERB
ftr-330	237	14	a	a	DET
ftr-330	237	15	waiver	waiver	NOUN
ftr-330	237	16	of	of	ADP
ftr-330	237	17	the	the	DET
ftr-330	237	18	§	§	PROPN
ftr-330	237	19	1504(a)(3	1504(a)(3	ADJ
ftr-330	237	20	)	)	PUNCT
ftr-330	237	21	bar	bar	NOUN
ftr-330	237	22	)	)	PUNCT
ftr-330	237	23	.	.	PUNCT
ftr-330	238	1	43	43	NUM
ftr-330	238	2	.	.	NOUN
ftr-330	238	3	29	29	NUM
ftr-330	239	1	t.c	t.c	PROPN
ftr-330	239	2	.	.	PROPN
ftr-330	239	3	1012	1012	NUM
ftr-330	239	4	(	(	PUNCT
ftr-330	239	5	1958	1958	NUM
ftr-330	239	6	)	)	PUNCT
ftr-330	239	7	,	,	PUNCT
ftr-330	239	8	aff’d	aff’d	VERB
ftr-330	239	9	per	per	ADP
ftr-330	239	10	curiam	curiam	NOUN
ftr-330	239	11	,	,	PUNCT
ftr-330	239	12	260	260	NUM
ftr-330	239	13	f.2d	f.2d	SYM
ftr-330	239	14	949	949	NUM
ftr-330	239	15	(	(	PUNCT
ftr-330	239	16	3d	3d	NOUN
ftr-330	239	17	cir.1958	cir.1958	NUM
ftr-330	239	18	)	)	PUNCT
ftr-330	239	19	.	.	PUNCT
ftr-330	240	1	136	136	NUM
ftr-330	240	2	florida	florida	PROPN
ftr-330	240	3	tax	tax	NOUN
ftr-330	240	4	review	review	NOUN
ftr-330	240	5	[	[	X
ftr-330	240	6	vol	vol	NOUN
ftr-330	240	7	.	.	NOUN
ftr-330	240	8	12:3	12:3	NUM
ftr-330	240	9	iv	iv	NUM
ftr-330	240	10	.	.	PUNCT
ftr-330	240	11	consolidated	consolidate	VERB
ftr-330	240	12	taxable	taxable	ADJ
ftr-330	240	13	income	income	NOUN
ftr-330	240	14	the	the	DET
ftr-330	240	15	consolidated	consolidated	ADJ
ftr-330	240	16	group	group	NOUN
ftr-330	240	17	computes	compute	VERB
ftr-330	240	18	its	its	PRON
ftr-330	240	19	regular	regular	ADJ
ftr-330	240	20	federal	federal	ADJ
ftr-330	240	21	income	income	NOUN
ftr-330	240	22	tax	tax	NOUN
ftr-330	240	23	liability	liability	NOUN
ftr-330	240	24	on	on	ADP
ftr-330	240	25	the	the	DET
ftr-330	240	26	basis	basis	NOUN
ftr-330	240	27	of	of	ADP
ftr-330	240	28	its	its	PRON
ftr-330	240	29	combined	combine	VERB
ftr-330	240	30	consolidated	consolidated	ADJ
ftr-330	240	31	taxable	taxable	ADJ
ftr-330	240	32	income	income	NOUN
ftr-330	240	33	.	.	PUNCT
ftr-330	241	1	the	the	DET
ftr-330	241	2	computation	computation	NOUN
ftr-330	241	3	of	of	ADP
ftr-330	241	4	consolidated	consolidated	ADJ
ftr-330	241	5	taxable	taxable	ADJ
ftr-330	241	6	income	income	NOUN
ftr-330	241	7	begins	begin	VERB
ftr-330	241	8	with	with	ADP
ftr-330	241	9	the	the	DET
ftr-330	241	10	determination	determination	NOUN
ftr-330	241	11	of	of	ADP
ftr-330	241	12	the	the	DET
ftr-330	241	13	separate	separate	ADJ
ftr-330	241	14	taxable	taxable	ADJ
ftr-330	241	15	incomes	income	NOUN
ftr-330	241	16	of	of	ADP
ftr-330	241	17	each	each	DET
ftr-330	241	18	member	member	NOUN
ftr-330	241	19	of	of	ADP
ftr-330	241	20	the	the	DET
ftr-330	241	21	consolidated	consolidated	ADJ
ftr-330	241	22	group.44	group.44	NOUN
ftr-330	241	23	in	in	ADP
ftr-330	241	24	general	general	ADJ
ftr-330	241	25	,	,	PUNCT
ftr-330	241	26	each	each	DET
ftr-330	241	27	member	member	NOUN
ftr-330	241	28	of	of	ADP
ftr-330	241	29	the	the	DET
ftr-330	241	30	consolidated	consolidated	ADJ
ftr-330	241	31	group	group	NOUN
ftr-330	241	32	computes	compute	VERB
ftr-330	241	33	its	its	PRON
ftr-330	241	34	separate	separate	ADJ
ftr-330	241	35	taxable	taxable	ADJ
ftr-330	241	36	income	income	NOUN
ftr-330	241	37	as	as	ADP
ftr-330	241	38	a	a	DET
ftr-330	241	39	separate	separate	ADJ
ftr-330	241	40	corporation.45	corporation.45	NOUN
ftr-330	241	41	in	in	ADP
ftr-330	241	42	determining	determine	VERB
ftr-330	241	43	separate	separate	ADJ
ftr-330	241	44	taxable	taxable	ADJ
ftr-330	241	45	income	income	NOUN
ftr-330	241	46	,	,	PUNCT
ftr-330	241	47	with	with	ADP
ftr-330	241	48	limited	limited	ADJ
ftr-330	241	49	exceptions	exception	NOUN
ftr-330	241	50	all	all	PRON
ftr-330	241	51	of	of	ADP
ftr-330	241	52	the	the	DET
ftr-330	241	53	generally	generally	ADV
ftr-330	241	54	applicable	applicable	ADJ
ftr-330	241	55	rules	rule	NOUN
ftr-330	241	56	of	of	ADP
ftr-330	241	57	the	the	DET
ftr-330	241	58	code	code	NOUN
ftr-330	241	59	apply	apply	VERB
ftr-330	241	60	,	,	PUNCT
ftr-330	241	61	except	except	SCONJ
ftr-330	241	62	as	as	SCONJ
ftr-330	241	63	modified	modify	VERB
ftr-330	241	64	by	by	ADP
ftr-330	241	65	the	the	DET
ftr-330	241	66	consolidated	consolidated	PROPN
ftr-330	241	67	return	return	NOUN
ftr-330	241	68	regulations	regulation	NOUN
ftr-330	241	69	themselves.46	themselves.46	NOUN
ftr-330	241	70	however	however	ADV
ftr-330	241	71	,	,	PUNCT
ftr-330	241	72	separate	separate	ADJ
ftr-330	241	73	taxable	taxable	ADJ
ftr-330	241	74	income	income	NOUN
ftr-330	241	75	excludes	exclude	VERB
ftr-330	241	76	distributions	distribution	NOUN
ftr-330	241	77	with	with	ADP
ftr-330	241	78	respect	respect	NOUN
ftr-330	241	79	to	to	ADP
ftr-330	241	80	the	the	DET
ftr-330	241	81	stock	stock	NOUN
ftr-330	241	82	of	of	ADP
ftr-330	241	83	other	other	ADJ
ftr-330	241	84	members	member	NOUN
ftr-330	241	85	of	of	ADP
ftr-330	241	86	the	the	DET
ftr-330	241	87	group	group	NOUN
ftr-330	241	88	,	,	PUNCT
ftr-330	241	89	deferred	defer	VERB
ftr-330	241	90	gains	gain	NOUN
ftr-330	241	91	and	and	CCONJ
ftr-330	241	92	losses	loss	NOUN
ftr-330	241	93	from	from	ADP
ftr-330	241	94	intercompany	intercompany	NOUN
ftr-330	241	95	transactions	transaction	NOUN
ftr-330	241	96	,	,	PUNCT
ftr-330	241	97	capital	capital	NOUN
ftr-330	241	98	gains	gain	NOUN
ftr-330	241	99	and	and	CCONJ
ftr-330	241	100	losses	loss	NOUN
ftr-330	241	101	,	,	PUNCT
ftr-330	241	102	section	section	NOUN
ftr-330	241	103	1231	1231	NUM
ftr-330	241	104	gains	gain	NOUN
ftr-330	241	105	and	and	CCONJ
ftr-330	241	106	losses	loss	NOUN
ftr-330	241	107	,	,	PUNCT
ftr-330	241	108	and	and	CCONJ
ftr-330	241	109	charitable	charitable	ADJ
ftr-330	241	110	contributions	contribution	NOUN
ftr-330	241	111	.	.	PUNCT
ftr-330	242	1	items	item	NOUN
ftr-330	242	2	excluded	exclude	VERB
ftr-330	242	3	from	from	ADP
ftr-330	242	4	the	the	DET
ftr-330	242	5	taxable	taxable	ADJ
ftr-330	242	6	income	income	NOUN
ftr-330	242	7	of	of	ADP
ftr-330	242	8	members	member	NOUN
ftr-330	242	9	are	be	AUX
ftr-330	242	10	separately	separately	ADV
ftr-330	242	11	consolidated	consolidate	VERB
ftr-330	242	12	and	and	CCONJ
ftr-330	242	13	accounted	account	VERB
ftr-330	242	14	for	for	ADP
ftr-330	242	15	in	in	ADP
ftr-330	242	16	consolidated	consolidated	ADJ
ftr-330	242	17	taxable	taxable	ADJ
ftr-330	242	18	income	income	NOUN
ftr-330	242	19	as	as	SCONJ
ftr-330	242	20	provided	provide	VERB
ftr-330	242	21	in	in	ADP
ftr-330	242	22	specific	specific	ADJ
ftr-330	242	23	regulations.47	regulations.47	X
ftr-330	242	24	tax	tax	NOUN
ftr-330	242	25	liability	liability	NOUN
ftr-330	242	26	for	for	ADP
ftr-330	242	27	the	the	DET
ftr-330	242	28	consolidated	consolidated	ADJ
ftr-330	242	29	group	group	NOUN
ftr-330	242	30	is	be	AUX
ftr-330	242	31	determined	determine	VERB
ftr-330	242	32	by	by	ADP
ftr-330	242	33	applying	apply	VERB
ftr-330	242	34	the	the	DET
ftr-330	242	35	rates	rate	NOUN
ftr-330	242	36	of	of	ADP
ftr-330	242	37	section	section	NOUN
ftr-330	242	38	11	11	NUM
ftr-330	242	39	,	,	PUNCT
ftr-330	242	40	and	and	CCONJ
ftr-330	242	41	other	other	ADJ
ftr-330	242	42	relevant	relevant	ADJ
ftr-330	242	43	provisions	provision	NOUN
ftr-330	242	44	of	of	ADP
ftr-330	242	45	the	the	DET
ftr-330	242	46	code	code	NOUN
ftr-330	242	47	,	,	PUNCT
ftr-330	242	48	to	to	ADP
ftr-330	242	49	the	the	DET
ftr-330	242	50	consolidated	consolidated	ADJ
ftr-330	242	51	taxable	taxable	ADJ
ftr-330	242	52	income	income	NOUN
ftr-330	242	53	of	of	ADP
ftr-330	242	54	the	the	DET
ftr-330	242	55	group	group	NOUN
ftr-330	242	56	.	.	PUNCT
ftr-330	243	1	tax	tax	NOUN
ftr-330	243	2	liability	liability	NOUN
ftr-330	243	3	is	be	AUX
ftr-330	243	4	reduced	reduce	VERB
ftr-330	243	5	by	by	ADP
ftr-330	243	6	consolidated	consolidated	ADJ
ftr-330	243	7	credits	credit	NOUN
ftr-330	243	8	attributable	attributable	ADJ
ftr-330	243	9	to	to	ADP
ftr-330	243	10	members	member	NOUN
ftr-330	243	11	of	of	ADP
ftr-330	243	12	the	the	DET
ftr-330	243	13	group	group	NOUN
ftr-330	243	14	.	.	PUNCT
ftr-330	244	1	each	each	DET
ftr-330	244	2	member	member	NOUN
ftr-330	244	3	of	of	ADP
ftr-330	244	4	a	a	DET
ftr-330	244	5	consolidated	consolidated	ADJ
ftr-330	244	6	group	group	NOUN
ftr-330	244	7	is	be	AUX
ftr-330	244	8	severally	severally	ADV
ftr-330	244	9	liable	liable	ADJ
ftr-330	244	10	for	for	ADP
ftr-330	244	11	the	the	DET
ftr-330	244	12	tax	tax	NOUN
ftr-330	244	13	on	on	ADP
ftr-330	244	14	consolidated	consolidated	ADJ
ftr-330	244	15	taxable	taxable	ADJ
ftr-330	244	16	income.48	income.48	NOUN
ftr-330	244	17	in	in	ADP
ftr-330	244	18	some	some	DET
ftr-330	244	19	instances	instance	NOUN
ftr-330	244	20	,	,	PUNCT
ftr-330	244	21	it	it	PRON
ftr-330	244	22	may	may	AUX
ftr-330	244	23	be	be	AUX
ftr-330	244	24	important	important	ADJ
ftr-330	244	25	to	to	PART
ftr-330	244	26	determine	determine	VERB
ftr-330	244	27	whether	whether	SCONJ
ftr-330	244	28	a	a	DET
ftr-330	244	29	particular	particular	ADJ
ftr-330	244	30	item	item	NOUN
ftr-330	244	31	is	be	AUX
ftr-330	244	32	characterized	characterize	VERB
ftr-330	244	33	separately	separately	ADV
ftr-330	244	34	by	by	ADP
ftr-330	244	35	a	a	DET
ftr-330	244	36	member	member	NOUN
ftr-330	244	37	corporation	corporation	NOUN
ftr-330	244	38	,	,	PUNCT
ftr-330	244	39	whose	whose	DET
ftr-330	244	40	net	net	ADJ
ftr-330	244	41	taxable	taxable	ADJ
ftr-330	244	42	income	income	NOUN
ftr-330	244	43	or	or	CCONJ
ftr-330	244	44	loss	loss	NOUN
ftr-330	244	45	is	be	AUX
ftr-330	244	46	then	then	ADV
ftr-330	244	47	separately	separately	ADV
ftr-330	244	48	calculated	calculate	VERB
ftr-330	244	49	based	base	VERB
ftr-330	244	50	on	on	ADP
ftr-330	244	51	that	that	DET
ftr-330	244	52	characterization	characterization	NOUN
ftr-330	244	53	and	and	CCONJ
ftr-330	244	54	aggregated	aggregate	VERB
ftr-330	244	55	with	with	ADP
ftr-330	244	56	the	the	DET
ftr-330	244	57	net	net	ADJ
ftr-330	244	58	taxable	taxable	ADJ
ftr-330	244	59	income	income	NOUN
ftr-330	244	60	or	or	CCONJ
ftr-330	244	61	loss	loss	NOUN
ftr-330	244	62	of	of	ADP
ftr-330	244	63	other	other	ADJ
ftr-330	244	64	member	member	NOUN
ftr-330	244	65	corporations	corporation	NOUN
ftr-330	244	66	,	,	PUNCT
ftr-330	244	67	or	or	CCONJ
ftr-330	244	68	whether	whether	SCONJ
ftr-330	244	69	the	the	DET
ftr-330	244	70	item	item	NOUN
ftr-330	244	71	must	must	AUX
ftr-330	244	72	be	be	AUX
ftr-330	244	73	characterized	characterize	VERB
ftr-330	244	74	with	with	ADP
ftr-330	244	75	reference	reference	NOUN
ftr-330	244	76	to	to	ADP
ftr-330	244	77	the	the	DET
ftr-330	244	78	overall	overall	ADJ
ftr-330	244	79	income	income	NOUN
ftr-330	244	80	and	and	CCONJ
ftr-330	244	81	expense	expense	NOUN
ftr-330	244	82	items	item	NOUN
ftr-330	244	83	of	of	ADP
ftr-330	244	84	the	the	DET
ftr-330	244	85	consolidated	consolidated	ADJ
ftr-330	244	86	group	group	NOUN
ftr-330	244	87	viewed	view	VERB
ftr-330	244	88	as	as	ADP
ftr-330	244	89	a	a	DET
ftr-330	244	90	single	single	ADJ
ftr-330	244	91	entity	entity	NOUN
ftr-330	244	92	without	without	ADP
ftr-330	244	93	regard	regard	NOUN
ftr-330	244	94	to	to	ADP
ftr-330	244	95	how	how	SCONJ
ftr-330	244	96	it	it	PRON
ftr-330	244	97	would	would	AUX
ftr-330	244	98	separately	separately	ADV
ftr-330	244	99	be	be	AUX
ftr-330	244	100	taken	take	VERB
ftr-330	244	101	into	into	ADP
ftr-330	244	102	account	account	NOUN
ftr-330	244	103	by	by	ADP
ftr-330	244	104	a	a	DET
ftr-330	244	105	member	member	NOUN
ftr-330	244	106	in	in	ADP
ftr-330	244	107	computing	compute	VERB
ftr-330	244	108	the	the	DET
ftr-330	244	109	member	member	NOUN
ftr-330	244	110	’s	’s	PART
ftr-330	244	111	separately	separately	ADV
ftr-330	244	112	taxable	taxable	ADJ
ftr-330	244	113	income	income	NOUN
ftr-330	244	114	.	.	PUNCT
ftr-330	245	1	in	in	ADP
ftr-330	245	2	other	other	ADJ
ftr-330	245	3	words	word	NOUN
ftr-330	245	4	,	,	PUNCT
ftr-330	245	5	it	it	PRON
ftr-330	245	6	can	can	AUX
ftr-330	245	7	be	be	AUX
ftr-330	245	8	important	important	ADJ
ftr-330	245	9	whether	whether	SCONJ
ftr-330	245	10	the	the	DET
ftr-330	245	11	consolidated	consolidated	ADJ
ftr-330	245	12	group	group	NOUN
ftr-330	245	13	computes	compute	VERB
ftr-330	245	14	its	its	PRON
ftr-330	245	15	income	income	NOUN
ftr-330	245	16	with	with	ADP
ftr-330	245	17	respect	respect	NOUN
ftr-330	245	18	to	to	ADP
ftr-330	245	19	certain	certain	ADJ
ftr-330	245	20	items	item	NOUN
ftr-330	245	21	on	on	ADP
ftr-330	245	22	a	a	DET
ftr-330	245	23	“	"	PUNCT
ftr-330	245	24	single	single	ADJ
ftr-330	245	25	entity	entity	NOUN
ftr-330	245	26	”	"	PUNCT
ftr-330	245	27	basis	basis	NOUN
ftr-330	245	28	in	in	ADP
ftr-330	245	29	which	which	PRON
ftr-330	245	30	all	all	DET
ftr-330	245	31	such	such	ADJ
ftr-330	245	32	items	item	NOUN
ftr-330	245	33	are	be	AUX
ftr-330	245	34	consolidated	consolidate	VERB
ftr-330	245	35	,	,	PUNCT
ftr-330	245	36	or	or	CCONJ
ftr-330	245	37	whether	whether	SCONJ
ftr-330	245	38	the	the	DET
ftr-330	245	39	different	different	ADJ
ftr-330	245	40	impact	impact	NOUN
ftr-330	245	41	of	of	ADP
ftr-330	245	42	an	an	DET
ftr-330	245	43	item	item	NOUN
ftr-330	245	44	on	on	ADP
ftr-330	245	45	the	the	DET
ftr-330	245	46	taxable	taxable	ADJ
ftr-330	245	47	income	income	NOUN
ftr-330	245	48	of	of	ADP
ftr-330	245	49	separate	separate	ADJ
ftr-330	245	50	entities	entity	NOUN
ftr-330	245	51	is	be	AUX
ftr-330	245	52	taken	take	VERB
ftr-330	245	53	into	into	ADP
ftr-330	245	54	account	account	NOUN
ftr-330	245	55	.	.	PUNCT
ftr-330	246	1	the	the	DET
ftr-330	246	2	consolidated	consolidated	ADJ
ftr-330	246	3	net	net	ADJ
ftr-330	246	4	operating	operating	NOUN
ftr-330	246	5	loss	loss	NOUN
ftr-330	246	6	of	of	ADP
ftr-330	246	7	a	a	DET
ftr-330	246	8	consolidated	consolidated	ADJ
ftr-330	246	9	group	group	NOUN
ftr-330	246	10	generally	generally	ADV
ftr-330	246	11	includes	include	VERB
ftr-330	246	12	the	the	DET
ftr-330	246	13	consolidated	consolidated	ADJ
ftr-330	246	14	net	net	ADJ
ftr-330	246	15	operating	operating	NOUN
ftr-330	246	16	loss	loss	NOUN
ftr-330	246	17	carrybacks	carryback	NOUN
ftr-330	246	18	and	and	CCONJ
ftr-330	246	19	carryovers	carryover	NOUN
ftr-330	246	20	of	of	ADP
ftr-330	246	21	the	the	DET
ftr-330	246	22	consolidated	consolidated	ADJ
ftr-330	246	23	group.49	group.49	ADJ
ftr-330	246	24	in	in	ADP
ftr-330	246	25	addition	addition	NOUN
ftr-330	246	26	,	,	PUNCT
ftr-330	246	27	the	the	DET
ftr-330	246	28	net	net	ADJ
ftr-330	246	29	operating	operating	NOUN
ftr-330	246	30	losses	loss	NOUN
ftr-330	246	31	of	of	ADP
ftr-330	246	32	a	a	DET
ftr-330	246	33	member	member	NOUN
ftr-330	246	34	of	of	ADP
ftr-330	246	35	a	a	DET
ftr-330	246	36	consolidated	consolidated	ADJ
ftr-330	246	37	group	group	NOUN
ftr-330	246	38	can	can	AUX
ftr-330	246	39	be	be	AUX
ftr-330	246	40	carried	carry	VERB
ftr-330	246	41	over	over	ADP
ftr-330	246	42	from	from	ADP
ftr-330	246	43	a	a	DET
ftr-330	246	44	pre	pre	NOUN
ftr-330	246	45	44	44	NUM
ftr-330	246	46	.	.	PUNCT
ftr-330	247	1	reg	reg	NOUN
ftr-330	247	2	.	.	PUNCT
ftr-330	248	1	§	§	PROPN
ftr-330	248	2	1.1502–11(a)(1	1.1502–11(a)(1	NUM
ftr-330	248	3	)	)	PUNCT
ftr-330	248	4	.	.	PUNCT
ftr-330	249	1	45	45	NUM
ftr-330	249	2	.	.	PUNCT
ftr-330	249	3	reg	reg	PROPN
ftr-330	249	4	.	.	PUNCT
ftr-330	250	1	§	§	PROPN
ftr-330	250	2	1.1502–12(a	1.1502–12(a	NUM
ftr-330	250	3	)	)	PUNCT
ftr-330	250	4	.	.	PUNCT
ftr-330	251	1	46	46	NUM
ftr-330	251	2	.	.	PUNCT
ftr-330	252	1	reg	reg	PROPN
ftr-330	252	2	.	.	PUNCT
ftr-330	253	1	§	§	PROPN
ftr-330	253	2	1.1502–80	1.1502–80	NUM
ftr-330	253	3	.	.	PUNCT
ftr-330	253	4	47	47	NUM
ftr-330	253	5	.	.	PUNCT
ftr-330	254	1	reg	reg	PROPN
ftr-330	254	2	.	.	PUNCT
ftr-330	255	1	§	§	PROPN
ftr-330	255	2	1.1502–11(a)(2	1.1502–11(a)(2	NUM
ftr-330	255	3	)	)	PUNCT
ftr-330	255	4	–	–	PUNCT
ftr-330	255	5	(	(	PUNCT
ftr-330	255	6	8)	8)	NUM
ftr-330	255	7	.	.	NOUN
ftr-330	255	8	48	48	NUM
ftr-330	255	9	.	.	PUNCT
ftr-330	256	1	reg	reg	NOUN
ftr-330	256	2	.	.	PUNCT
ftr-330	257	1	§	§	PROPN
ftr-330	257	2	1.1502–6(a	1.1502–6(a	NUM
ftr-330	257	3	)	)	PUNCT
ftr-330	257	4	.	.	PUNCT
ftr-330	258	1	49	49	NUM
ftr-330	258	2	.	.	PUNCT
ftr-330	259	1	reg	reg	NOUN
ftr-330	259	2	.	.	PUNCT
ftr-330	260	1	§	§	PROPN
ftr-330	260	2	1.1502–21(a	1.1502–21(a	NUM
ftr-330	260	3	)	)	PUNCT
ftr-330	260	4	.	.	PUNCT
ftr-330	261	1	2012	2012	NUM
ftr-330	261	2	]	]	PUNCT
ftr-330	261	3	understanding	understand	VERB
ftr-330	261	4	consolidated	consolidated	ADJ
ftr-330	261	5	returns	return	NOUN
ftr-330	261	6	137	137	NUM
ftr-330	261	7	consolidation	consolidation	NOUN
ftr-330	261	8	return	return	NOUN
ftr-330	261	9	period	period	NOUN
ftr-330	261	10	against	against	ADP
ftr-330	261	11	the	the	DET
ftr-330	261	12	consolidated	consolidated	ADJ
ftr-330	261	13	income	income	NOUN
ftr-330	261	14	of	of	ADP
ftr-330	261	15	the	the	DET
ftr-330	261	16	group.50	group.50	NOUN
ftr-330	261	17	this	this	DET
ftr-330	261	18	general	general	ADJ
ftr-330	261	19	rule	rule	NOUN
ftr-330	261	20	,	,	PUNCT
ftr-330	261	21	is	be	AUX
ftr-330	261	22	,	,	PUNCT
ftr-330	261	23	however	however	ADV
ftr-330	261	24	,	,	PUNCT
ftr-330	261	25	subject	subject	ADJ
ftr-330	261	26	to	to	ADP
ftr-330	261	27	two	two	NUM
ftr-330	261	28	limitations	limitation	NOUN
ftr-330	261	29	:	:	PUNCT
ftr-330	261	30	(	(	PUNCT
ftr-330	261	31	1	1	X
ftr-330	261	32	)	)	PUNCT
ftr-330	261	33	if	if	SCONJ
ftr-330	261	34	the	the	DET
ftr-330	261	35	loss	loss	NOUN
ftr-330	261	36	year	year	NOUN
ftr-330	261	37	was	be	AUX
ftr-330	261	38	a	a	DET
ftr-330	261	39	“	"	PUNCT
ftr-330	261	40	separate	separate	ADJ
ftr-330	261	41	return	return	NOUN
ftr-330	261	42	limitation	limitation	NOUN
ftr-330	261	43	year	year	NOUN
ftr-330	261	44	”	"	PUNCT
ftr-330	261	45	(	(	PUNCT
ftr-330	261	46	srly	srly	ADV
ftr-330	261	47	)	)	PUNCT
ftr-330	261	48	,	,	PUNCT
ftr-330	261	49	then	then	ADV
ftr-330	261	50	the	the	DET
ftr-330	261	51	loss	loss	NOUN
ftr-330	261	52	may	may	AUX
ftr-330	261	53	be	be	AUX
ftr-330	261	54	carried	carry	VERB
ftr-330	261	55	over	over	ADP
ftr-330	261	56	only	only	ADV
ftr-330	261	57	against	against	ADP
ftr-330	261	58	the	the	DET
ftr-330	261	59	income	income	NOUN
ftr-330	261	60	of	of	ADP
ftr-330	261	61	the	the	DET
ftr-330	261	62	member	member	NOUN
ftr-330	261	63	of	of	ADP
ftr-330	261	64	the	the	DET
ftr-330	261	65	group	group	NOUN
ftr-330	261	66	that	that	PRON
ftr-330	261	67	generated	generate	VERB
ftr-330	261	68	the	the	DET
ftr-330	261	69	loss,51	loss,51	ADJ
ftr-330	261	70	or	or	CCONJ
ftr-330	261	71	(	(	PUNCT
ftr-330	261	72	2	2	NUM
ftr-330	261	73	)	)	PUNCT
ftr-330	261	74	if	if	SCONJ
ftr-330	261	75	section	section	NOUN
ftr-330	261	76	382	382	NUM
ftr-330	261	77	is	be	AUX
ftr-330	261	78	applicable	applicable	ADJ
ftr-330	261	79	,	,	PUNCT
ftr-330	261	80	then	then	ADV
ftr-330	261	81	the	the	DET
ftr-330	261	82	carryovers	carryover	NOUN
ftr-330	261	83	are	be	AUX
ftr-330	261	84	limited	limit	VERB
ftr-330	261	85	accordingly.52	accordingly.52	NOUN
ftr-330	261	86	the	the	DET
ftr-330	261	87	srly	srly	ADJ
ftr-330	261	88	rule	rule	NOUN
ftr-330	261	89	does	do	AUX
ftr-330	261	90	not	not	PART
ftr-330	261	91	apply	apply	VERB
ftr-330	261	92	in	in	ADP
ftr-330	261	93	the	the	DET
ftr-330	261	94	case	case	NOUN
ftr-330	261	95	of	of	ADP
ftr-330	261	96	an	an	DET
ftr-330	261	97	acquisition	acquisition	NOUN
ftr-330	261	98	of	of	ADP
ftr-330	261	99	a	a	DET
ftr-330	261	100	new	new	ADJ
ftr-330	261	101	member	member	NOUN
ftr-330	261	102	of	of	ADP
ftr-330	261	103	a	a	DET
ftr-330	261	104	consolidated	consolidated	ADJ
ftr-330	261	105	group	group	NOUN
ftr-330	261	106	if	if	SCONJ
ftr-330	261	107	the	the	DET
ftr-330	261	108	net	net	ADJ
ftr-330	261	109	operating	operating	NOUN
ftr-330	261	110	loss	loss	NOUN
ftr-330	261	111	limitation	limitation	NOUN
ftr-330	261	112	of	of	ADP
ftr-330	261	113	section	section	NOUN
ftr-330	261	114	382	382	NUM
ftr-330	261	115	applies	apply	VERB
ftr-330	261	116	to	to	ADP
ftr-330	261	117	the	the	DET
ftr-330	261	118	losses	loss	NOUN
ftr-330	261	119	of	of	ADP
ftr-330	261	120	the	the	DET
ftr-330	261	121	new	new	ADJ
ftr-330	261	122	member.53	member.53	NOUN
ftr-330	261	123	v.	v.	ADP
ftr-330	261	124	formation	formation	NOUN
ftr-330	261	125	of	of	ADP
ftr-330	261	126	a	a	DET
ftr-330	261	127	corporate	corporate	ADJ
ftr-330	261	128	subsidiary	subsidiary	NOUN
ftr-330	261	129	a.	a.	NOUN
ftr-330	261	130	generally	generally	ADV
ftr-330	261	131	wholly	wholly	ADV
ftr-330	261	132	apart	apart	ADV
ftr-330	261	133	from	from	ADP
ftr-330	261	134	whether	whether	SCONJ
ftr-330	261	135	consolidated	consolidated	ADJ
ftr-330	261	136	return	return	NOUN
ftr-330	261	137	regulations	regulation	NOUN
ftr-330	261	138	apply	apply	VERB
ftr-330	261	139	,	,	PUNCT
ftr-330	261	140	section	section	NOUN
ftr-330	261	141	351	351	NUM
ftr-330	261	142	permits	permit	VERB
ftr-330	261	143	the	the	DET
ftr-330	261	144	tax	tax	NOUN
ftr-330	261	145	-	-	PUNCT
ftr-330	261	146	free	free	ADJ
ftr-330	261	147	creation	creation	NOUN
ftr-330	261	148	of	of	ADP
ftr-330	261	149	a	a	DET
ftr-330	261	150	corporation	corporation	NOUN
ftr-330	261	151	,	,	PUNCT
ftr-330	261	152	including	include	VERB
ftr-330	261	153	the	the	DET
ftr-330	261	154	formation	formation	NOUN
ftr-330	261	155	of	of	ADP
ftr-330	261	156	a	a	DET
ftr-330	261	157	subsidiary	subsidiary	ADJ
ftr-330	261	158	corporation	corporation	NOUN
ftr-330	261	159	by	by	ADP
ftr-330	261	160	another	another	DET
ftr-330	261	161	corporation	corporation	NOUN
ftr-330	261	162	,	,	PUNCT
ftr-330	261	163	if	if	SCONJ
ftr-330	261	164	the	the	DET
ftr-330	261	165	transferor	transferor	NOUN
ftr-330	261	166	or	or	CCONJ
ftr-330	261	167	transferors	transferor	NOUN
ftr-330	261	168	or	or	CCONJ
ftr-330	261	169	property	property	NOUN
ftr-330	261	170	own	own	ADJ
ftr-330	261	171	at	at	ADV
ftr-330	261	172	least	least	ADV
ftr-330	261	173	80	80	NUM
ftr-330	261	174	percent	percent	NOUN
ftr-330	261	175	of	of	ADP
ftr-330	261	176	the	the	DET
ftr-330	261	177	combined	combine	VERB
ftr-330	261	178	voting	voting	NOUN
ftr-330	261	179	power	power	NOUN
ftr-330	261	180	and	and	CCONJ
ftr-330	261	181	at	at	ADV
ftr-330	261	182	least	least	ADV
ftr-330	261	183	80	80	NUM
ftr-330	261	184	percent	percent	NOUN
ftr-330	261	185	of	of	ADP
ftr-330	261	186	each	each	DET
ftr-330	261	187	class	class	NOUN
ftr-330	261	188	of	of	ADP
ftr-330	261	189	nonvoting	nonvoting	ADJ
ftr-330	261	190	stock	stock	NOUN
ftr-330	261	191	of	of	ADP
ftr-330	261	192	the	the	DET
ftr-330	261	193	transferee	transferee	PROPN
ftr-330	261	194	corporation	corporation	NOUN
ftr-330	261	195	immediately	immediately	ADV
ftr-330	261	196	after	after	SCONJ
ftr-330	261	197	the	the	DET
ftr-330	261	198	transaction.54	transaction.54	PROPN
ftr-330	261	199	section	section	NOUN
ftr-330	261	200	351	351	NUM
ftr-330	261	201	also	also	ADV
ftr-330	261	202	permits	permit	VERB
ftr-330	261	203	the	the	DET
ftr-330	261	204	transfer	transfer	NOUN
ftr-330	261	205	of	of	ADP
ftr-330	261	206	property	property	NOUN
ftr-330	261	207	to	to	ADP
ftr-330	261	208	an	an	DET
ftr-330	261	209	existing	exist	VERB
ftr-330	261	210	corporation	corporation	NOUN
ftr-330	261	211	without	without	ADP
ftr-330	261	212	the	the	DET
ftr-330	261	213	recognition	recognition	NOUN
ftr-330	261	214	of	of	ADP
ftr-330	261	215	gain	gain	NOUN
ftr-330	261	216	where	where	SCONJ
ftr-330	261	217	the	the	DET
ftr-330	261	218	contributing	contribute	VERB
ftr-330	261	219	shareholder	shareholder	NOUN
ftr-330	261	220	has	have	VERB
ftr-330	261	221	,	,	PUNCT
ftr-330	261	222	or	or	CCONJ
ftr-330	261	223	as	as	ADP
ftr-330	261	224	a	a	DET
ftr-330	261	225	result	result	NOUN
ftr-330	261	226	of	of	ADP
ftr-330	261	227	receiving	receive	VERB
ftr-330	261	228	additional	additional	ADJ
ftr-330	261	229	stock	stock	NOUN
ftr-330	261	230	in	in	ADP
ftr-330	261	231	consideration	consideration	NOUN
ftr-330	261	232	for	for	ADP
ftr-330	261	233	the	the	DET
ftr-330	261	234	transferred	transfer	VERB
ftr-330	261	235	property	property	NOUN
ftr-330	261	236	acquires	acquire	VERB
ftr-330	261	237	,	,	PUNCT
ftr-330	261	238	control	control	NOUN
ftr-330	261	239	.	.	PUNCT
ftr-330	262	1	under	under	ADP
ftr-330	262	2	section	section	NOUN
ftr-330	262	3	351	351	NUM
ftr-330	262	4	losses	loss	NOUN
ftr-330	262	5	are	be	AUX
ftr-330	262	6	not	not	PART
ftr-330	262	7	recognized	recognize	VERB
ftr-330	262	8	on	on	ADP
ftr-330	262	9	the	the	DET
ftr-330	262	10	transfer	transfer	NOUN
ftr-330	262	11	of	of	ADP
ftr-330	262	12	property	property	NOUN
ftr-330	262	13	to	to	ADP
ftr-330	262	14	a	a	DET
ftr-330	262	15	controlled	control	VERB
ftr-330	262	16	corporation	corporation	NOUN
ftr-330	262	17	in	in	ADP
ftr-330	262	18	exchange	exchange	NOUN
ftr-330	262	19	for	for	ADP
ftr-330	262	20	stock	stock	NOUN
ftr-330	262	21	of	of	ADP
ftr-330	262	22	the	the	DET
ftr-330	262	23	corporation	corporation	NOUN
ftr-330	262	24	.	.	PUNCT
ftr-330	263	1	like	like	ADP
ftr-330	263	2	many	many	ADJ
ftr-330	263	3	other	other	ADJ
ftr-330	263	4	code	code	NOUN
ftr-330	263	5	provisions	provision	NOUN
ftr-330	263	6	,	,	PUNCT
ftr-330	263	7	section	section	NOUN
ftr-330	263	8	351	351	NUM
ftr-330	263	9	applies	apply	VERB
ftr-330	263	10	within	within	ADP
ftr-330	263	11	consolidated	consolidated	ADJ
ftr-330	263	12	returns	return	NOUN
ftr-330	263	13	.	.	PUNCT
ftr-330	264	1	for	for	ADP
ftr-330	264	2	purposes	purpose	NOUN
ftr-330	264	3	of	of	ADP
ftr-330	264	4	determining	determine	VERB
ftr-330	264	5	subsequent	subsequent	ADJ
ftr-330	264	6	taxable	taxable	ADJ
ftr-330	264	7	gain	gain	NOUN
ftr-330	264	8	or	or	CCONJ
ftr-330	264	9	loss	loss	NOUN
ftr-330	264	10	on	on	ADP
ftr-330	264	11	a	a	DET
ftr-330	264	12	sale	sale	NOUN
ftr-330	264	13	,	,	PUNCT
ftr-330	264	14	section	section	NOUN
ftr-330	264	15	358	358	NUM
ftr-330	264	16	provides	provide	VERB
ftr-330	264	17	that	that	SCONJ
ftr-330	264	18	the	the	DET
ftr-330	264	19	basis	basis	NOUN
ftr-330	264	20	of	of	ADP
ftr-330	264	21	stock	stock	NOUN
ftr-330	264	22	received	receive	VERB
ftr-330	264	23	in	in	ADP
ftr-330	264	24	exchange	exchange	NOUN
ftr-330	264	25	for	for	ADP
ftr-330	264	26	property	property	NOUN
ftr-330	264	27	contributed	contribute	VERB
ftr-330	264	28	to	to	ADP
ftr-330	264	29	the	the	DET
ftr-330	264	30	corporation	corporation	NOUN
ftr-330	264	31	in	in	ADP
ftr-330	264	32	a	a	DET
ftr-330	264	33	nonrecognition	nonrecognition	NOUN
ftr-330	264	34	transaction	transaction	NOUN
ftr-330	264	35	under	under	ADP
ftr-330	264	36	section	section	NOUN
ftr-330	264	37	351	351	NUM
ftr-330	264	38	will	will	AUX
ftr-330	264	39	be	be	AUX
ftr-330	264	40	the	the	DET
ftr-330	264	41	same	same	ADJ
ftr-330	264	42	as	as	ADP
ftr-330	264	43	the	the	DET
ftr-330	264	44	basis	basis	NOUN
ftr-330	264	45	of	of	ADP
ftr-330	264	46	property	property	NOUN
ftr-330	264	47	transferred	transfer	VERB
ftr-330	264	48	to	to	ADP
ftr-330	264	49	the	the	DET
ftr-330	264	50	corporation	corporation	NOUN
ftr-330	264	51	.	.	PUNCT
ftr-330	265	1	the	the	DET
ftr-330	265	2	stockholder	stockholder	NOUN
ftr-330	265	3	’s	’s	PART
ftr-330	265	4	basis	basis	NOUN
ftr-330	265	5	in	in	ADP
ftr-330	265	6	the	the	DET
ftr-330	265	7	stock	stock	NOUN
ftr-330	265	8	must	must	AUX
ftr-330	265	9	be	be	AUX
ftr-330	265	10	allocated	allocate	VERB
ftr-330	265	11	among	among	ADP
ftr-330	265	12	stock	stock	NOUN
ftr-330	265	13	of	of	ADP
ftr-330	265	14	different	different	ADJ
ftr-330	265	15	classes	class	NOUN
ftr-330	265	16	in	in	ADP
ftr-330	265	17	proportion	proportion	NOUN
ftr-330	265	18	to	to	ADP
ftr-330	265	19	the	the	DET
ftr-330	265	20	fair	fair	ADJ
ftr-330	265	21	market	market	NOUN
ftr-330	265	22	values	value	NOUN
ftr-330	265	23	of	of	ADP
ftr-330	265	24	the	the	DET
ftr-330	265	25	stock	stock	NOUN
ftr-330	265	26	in	in	ADP
ftr-330	265	27	each	each	DET
ftr-330	265	28	class.55	class.55	NOUN
ftr-330	265	29	regardless	regardless	ADV
ftr-330	265	30	of	of	ADP
ftr-330	265	31	whether	whether	SCONJ
ftr-330	265	32	or	or	CCONJ
ftr-330	265	33	not	not	PART
ftr-330	265	34	section	section	NOUN
ftr-330	265	35	351	351	NUM
ftr-330	265	36	provides	provide	VERB
ftr-330	265	37	nonrecognition	nonrecognition	NOUN
ftr-330	265	38	of	of	ADP
ftr-330	265	39	gain	gain	NOUN
ftr-330	265	40	or	or	CCONJ
ftr-330	265	41	loss	loss	NOUN
ftr-330	265	42	to	to	ADP
ftr-330	265	43	the	the	DET
ftr-330	265	44	shareholder	shareholder	NOUN
ftr-330	265	45	,	,	PUNCT
ftr-330	265	46	section	section	NOUN
ftr-330	265	47	1032	1032	NUM
ftr-330	265	48	and	and	CCONJ
ftr-330	265	49	the	the	DET
ftr-330	265	50	regulations	regulation	NOUN
ftr-330	265	51	50	50	NUM
ftr-330	265	52	.	.	PUNCT
ftr-330	266	1	reg	reg	NOUN
ftr-330	266	2	.	.	PUNCT
ftr-330	267	1	§	§	PROPN
ftr-330	267	2	1.1502–21(b	1.1502–21(b	NUM
ftr-330	267	3	)	)	PUNCT
ftr-330	267	4	.	.	PUNCT
ftr-330	268	1	51	51	NUM
ftr-330	268	2	.	.	PUNCT
ftr-330	268	3	reg	reg	PROPN
ftr-330	268	4	.	.	PUNCT
ftr-330	269	1	§	§	PROPN
ftr-330	269	2	1.1502–21(c	1.1502–21(c	NUM
ftr-330	269	3	)	)	PUNCT
ftr-330	270	1	;	;	PUNCT
ftr-330	270	2	see	see	VERB
ftr-330	270	3	also	also	ADV
ftr-330	270	4	reg	reg	ADJ
ftr-330	270	5	.	.	PUNCT
ftr-330	271	1	§	§	PROPN
ftr-330	271	2	1.1502–22(c	1.1502–22(c	NUM
ftr-330	271	3	)	)	PUNCT
ftr-330	271	4	(	(	PUNCT
ftr-330	271	5	applicable	applicable	ADJ
ftr-330	271	6	to	to	ADP
ftr-330	271	7	capital	capital	NOUN
ftr-330	271	8	loss	loss	NOUN
ftr-330	271	9	carryovers	carryover	NOUN
ftr-330	271	10	)	)	PUNCT
ftr-330	271	11	.	.	PUNCT
ftr-330	272	1	52	52	NUM
ftr-330	272	2	.	.	PUNCT
ftr-330	273	1	reg	reg	NOUN
ftr-330	273	2	.	.	PUNCT
ftr-330	274	1	§	§	PROPN
ftr-330	274	2	1.1502–91	1.1502–91	NUM
ftr-330	274	3	.	.	PROPN
ftr-330	274	4	53	53	NUM
ftr-330	274	5	.	.	PUNCT
ftr-330	275	1	reg	reg	NOUN
ftr-330	275	2	.	.	PUNCT
ftr-330	276	1	§	§	PROPN
ftr-330	276	2	1.1502–21(g	1.1502–21(g	NUM
ftr-330	276	3	)	)	PUNCT
ftr-330	276	4	.	.	PUNCT
ftr-330	277	1	54	54	NUM
ftr-330	277	2	.	.	PUNCT
ftr-330	278	1	see	see	VERB
ftr-330	278	2	rev	rev	PROPN
ftr-330	278	3	.	.	PUNCT
ftr-330	278	4	rul	rul	NOUN
ftr-330	278	5	.	.	PUNCT
ftr-330	279	1	59–259	59–259	NUM
ftr-330	279	2	,	,	PUNCT
ftr-330	279	3	1959–2	1959–2	NUM
ftr-330	279	4	c.b	c.b	PROPN
ftr-330	279	5	.	.	PROPN
ftr-330	279	6	115	115	NUM
ftr-330	279	7	.	.	PUNCT
ftr-330	280	1	55	55	NUM
ftr-330	280	2	.	.	PUNCT
ftr-330	280	3	i.r.c	i.r.c	NOUN
ftr-330	280	4	.	.	PUNCT
ftr-330	281	1	§	§	PROPN
ftr-330	281	2	358(b)(1	358(b)(1	NUM
ftr-330	281	3	)	)	PUNCT
ftr-330	281	4	;	;	PUNCT
ftr-330	281	5	reg	reg	NOUN
ftr-330	281	6	.	.	PUNCT
ftr-330	282	1	§	§	PROPN
ftr-330	282	2	1.358–2(b)(2	1.358–2(b)(2	NUM
ftr-330	282	3	)	)	PUNCT
ftr-330	282	4	.	.	PUNCT
ftr-330	283	1	138	138	NUM
ftr-330	283	2	florida	florida	PROPN
ftr-330	283	3	tax	tax	NOUN
ftr-330	283	4	review	review	NOUN
ftr-330	283	5	[	[	X
ftr-330	283	6	vol	vol	NOUN
ftr-330	283	7	.	.	PUNCT
ftr-330	284	1	12:3	12:3	NUM
ftr-330	284	2	thereunder56	thereunder56	NOUN
ftr-330	284	3	provide	provide	VERB
ftr-330	284	4	that	that	SCONJ
ftr-330	284	5	the	the	DET
ftr-330	284	6	corporation	corporation	NOUN
ftr-330	284	7	does	do	AUX
ftr-330	284	8	not	not	PART
ftr-330	284	9	recognize	recognize	VERB
ftr-330	284	10	gain	gain	NOUN
ftr-330	284	11	or	or	CCONJ
ftr-330	284	12	loss	loss	NOUN
ftr-330	284	13	on	on	ADP
ftr-330	284	14	the	the	DET
ftr-330	284	15	issuance	issuance	NOUN
ftr-330	284	16	of	of	ADP
ftr-330	284	17	stock	stock	NOUN
ftr-330	284	18	in	in	ADP
ftr-330	284	19	exchange	exchange	NOUN
ftr-330	284	20	for	for	ADP
ftr-330	284	21	cash	cash	NOUN
ftr-330	284	22	,	,	PUNCT
ftr-330	284	23	property	property	NOUN
ftr-330	284	24	,	,	PUNCT
ftr-330	284	25	or	or	CCONJ
ftr-330	284	26	services	service	NOUN
ftr-330	284	27	.	.	PUNCT
ftr-330	285	1	if	if	SCONJ
ftr-330	285	2	section	section	NOUN
ftr-330	285	3	351	351	NUM
ftr-330	285	4	applies	apply	VERB
ftr-330	285	5	to	to	ADP
ftr-330	285	6	a	a	DET
ftr-330	285	7	transferor	transferor	NOUN
ftr-330	285	8	-	-	PUNCT
ftr-330	285	9	shareholder	shareholder	NOUN
ftr-330	285	10	,	,	PUNCT
ftr-330	285	11	section	section	NOUN
ftr-330	285	12	362(a	362(a	PROPN
ftr-330	285	13	)	)	PUNCT
ftr-330	285	14	generally	generally	ADV
ftr-330	285	15	provides	provide	VERB
ftr-330	285	16	the	the	DET
ftr-330	285	17	corporation	corporation	NOUN
ftr-330	285	18	with	with	ADP
ftr-330	285	19	a	a	DET
ftr-330	285	20	basis	basis	NOUN
ftr-330	285	21	in	in	ADP
ftr-330	285	22	the	the	DET
ftr-330	285	23	property	property	NOUN
ftr-330	285	24	equal	equal	ADJ
ftr-330	285	25	to	to	ADP
ftr-330	285	26	the	the	DET
ftr-330	285	27	transferor	transferor	NOUN
ftr-330	285	28	’s	’s	PART
ftr-330	285	29	basis	basis	NOUN
ftr-330	285	30	for	for	ADP
ftr-330	285	31	purposes	purpose	NOUN
ftr-330	285	32	of	of	ADP
ftr-330	285	33	determining	determine	VERB
ftr-330	285	34	the	the	DET
ftr-330	285	35	corporation	corporation	NOUN
ftr-330	285	36	’s	’s	PART
ftr-330	285	37	(	(	PUNCT
ftr-330	285	38	1	1	X
ftr-330	285	39	)	)	PUNCT
ftr-330	285	40	gain	gain	NOUN
ftr-330	285	41	or	or	CCONJ
ftr-330	285	42	loss	loss	NOUN
ftr-330	285	43	on	on	ADP
ftr-330	285	44	a	a	DET
ftr-330	285	45	subsequent	subsequent	ADJ
ftr-330	285	46	sale	sale	NOUN
ftr-330	285	47	,	,	PUNCT
ftr-330	285	48	and	and	CCONJ
ftr-330	285	49	(	(	PUNCT
ftr-330	285	50	2	2	X
ftr-330	285	51	)	)	PUNCT
ftr-330	285	52	depreciation	depreciation	NOUN
ftr-330	285	53	and	and	CCONJ
ftr-330	285	54	amortization	amortization	NOUN
ftr-330	285	55	deductions	deduction	NOUN
ftr-330	285	56	.	.	PUNCT
ftr-330	286	1	outside	outside	ADP
ftr-330	286	2	of	of	ADP
ftr-330	286	3	a	a	DET
ftr-330	286	4	consolidated	consolidated	ADJ
ftr-330	286	5	return	return	NOUN
ftr-330	286	6	context	context	NOUN
ftr-330	286	7	,	,	PUNCT
ftr-330	286	8	section	section	NOUN
ftr-330	286	9	362(e)(2	362(e)(2	NOUN
ftr-330	286	10	)	)	PUNCT
ftr-330	286	11	prevents	prevent	VERB
ftr-330	286	12	taxpayers	taxpayer	NOUN
ftr-330	286	13	from	from	ADP
ftr-330	286	14	transmuting	transmute	VERB
ftr-330	286	15	a	a	DET
ftr-330	286	16	single	single	ADJ
ftr-330	286	17	economic	economic	ADJ
ftr-330	286	18	loss	loss	NOUN
ftr-330	286	19	into	into	ADP
ftr-330	286	20	two	two	NUM
ftr-330	286	21	(	(	PUNCT
ftr-330	286	22	or	or	CCONJ
ftr-330	286	23	more	more	ADJ
ftr-330	286	24	)	)	PUNCT
ftr-330	286	25	tax	tax	NOUN
ftr-330	286	26	losses	loss	NOUN
ftr-330	286	27	by	by	ADP
ftr-330	286	28	taking	take	VERB
ftr-330	286	29	advantage	advantage	NOUN
ftr-330	286	30	of	of	ADP
ftr-330	286	31	the	the	DET
ftr-330	286	32	dual	dual	ADJ
ftr-330	286	33	application	application	NOUN
ftr-330	286	34	of	of	ADP
ftr-330	286	35	the	the	DET
ftr-330	286	36	substituted	substitute	VERB
ftr-330	286	37	basis	basis	NOUN
ftr-330	286	38	rules	rule	NOUN
ftr-330	286	39	in	in	ADP
ftr-330	286	40	section	section	NOUN
ftr-330	286	41	358	358	NUM
ftr-330	286	42	for	for	ADP
ftr-330	286	43	stock	stock	NOUN
ftr-330	286	44	received	receive	VERB
ftr-330	286	45	in	in	ADP
ftr-330	286	46	a	a	DET
ftr-330	286	47	section	section	NOUN
ftr-330	286	48	351	351	NUM
ftr-330	286	49	transaction	transaction	NOUN
ftr-330	286	50	and	and	CCONJ
ftr-330	286	51	in	in	ADP
ftr-330	286	52	section	section	NOUN
ftr-330	286	53	362	362	NUM
ftr-330	286	54	for	for	ADP
ftr-330	286	55	assets	asset	NOUN
ftr-330	286	56	transferred	transfer	VERB
ftr-330	286	57	to	to	ADP
ftr-330	286	58	a	a	DET
ftr-330	286	59	corporation	corporation	NOUN
ftr-330	286	60	in	in	ADP
ftr-330	286	61	a	a	DET
ftr-330	286	62	section	section	NOUN
ftr-330	286	63	351	351	NUM
ftr-330	286	64	transaction	transaction	NOUN
ftr-330	286	65	.	.	PUNCT
ftr-330	287	1	if	if	SCONJ
ftr-330	287	2	the	the	DET
ftr-330	287	3	aggregate	aggregate	ADJ
ftr-330	287	4	basis	basis	NOUN
ftr-330	287	5	of	of	ADP
ftr-330	287	6	the	the	DET
ftr-330	287	7	property	property	NOUN
ftr-330	287	8	transferred	transfer	VERB
ftr-330	287	9	to	to	ADP
ftr-330	287	10	a	a	DET
ftr-330	287	11	corporation	corporation	NOUN
ftr-330	287	12	by	by	ADP
ftr-330	287	13	any	any	DET
ftr-330	287	14	particular	particular	ADJ
ftr-330	287	15	transferor	transferor	NOUN
ftr-330	287	16	in	in	ADP
ftr-330	287	17	a	a	DET
ftr-330	287	18	section	section	NOUN
ftr-330	287	19	351	351	NUM
ftr-330	287	20	transaction	transaction	NOUN
ftr-330	287	21	exceeds	exceed	VERB
ftr-330	287	22	the	the	DET
ftr-330	287	23	aggregate	aggregate	ADJ
ftr-330	287	24	fair	fair	ADJ
ftr-330	287	25	market	market	NOUN
ftr-330	287	26	value	value	NOUN
ftr-330	287	27	of	of	ADP
ftr-330	287	28	the	the	DET
ftr-330	287	29	property	property	NOUN
ftr-330	287	30	,	,	PUNCT
ftr-330	287	31	the	the	DET
ftr-330	287	32	aggregate	aggregate	ADJ
ftr-330	287	33	basis	basis	NOUN
ftr-330	287	34	of	of	ADP
ftr-330	287	35	the	the	DET
ftr-330	287	36	property	property	NOUN
ftr-330	287	37	must	must	AUX
ftr-330	287	38	be	be	AUX
ftr-330	287	39	reduced	reduce	VERB
ftr-330	287	40	to	to	ADP
ftr-330	287	41	its	its	PRON
ftr-330	287	42	fair	fair	ADJ
ftr-330	287	43	market	market	NOUN
ftr-330	287	44	value	value	NOUN
ftr-330	287	45	.	.	PUNCT
ftr-330	288	1	when	when	SCONJ
ftr-330	288	2	both	both	DET
ftr-330	288	3	depreciated	depreciate	VERB
ftr-330	288	4	property	property	NOUN
ftr-330	288	5	and	and	CCONJ
ftr-330	288	6	appreciated	appreciated	ADJ
ftr-330	288	7	property	property	NOUN
ftr-330	288	8	is	be	AUX
ftr-330	288	9	transferred	transfer	VERB
ftr-330	288	10	to	to	ADP
ftr-330	288	11	the	the	DET
ftr-330	288	12	corporation	corporation	NOUN
ftr-330	288	13	,	,	PUNCT
ftr-330	288	14	section	section	NOUN
ftr-330	288	15	362(e)(2	362(e)(2	NUM
ftr-330	288	16	)	)	PUNCT
ftr-330	288	17	does	do	AUX
ftr-330	288	18	not	not	PART
ftr-330	288	19	necessarily	necessarily	ADV
ftr-330	288	20	result	result	VERB
ftr-330	288	21	in	in	ADP
ftr-330	288	22	the	the	DET
ftr-330	288	23	basis	basis	NOUN
ftr-330	288	24	of	of	ADP
ftr-330	288	25	every	every	DET
ftr-330	288	26	item	item	NOUN
ftr-330	288	27	of	of	ADP
ftr-330	288	28	loss	loss	NOUN
ftr-330	288	29	property	property	NOUN
ftr-330	288	30	being	be	AUX
ftr-330	288	31	reduced	reduce	VERB
ftr-330	288	32	to	to	ADP
ftr-330	288	33	its	its	PRON
ftr-330	288	34	fair	fair	ADJ
ftr-330	288	35	market	market	NOUN
ftr-330	288	36	value	value	NOUN
ftr-330	288	37	.	.	PUNCT
ftr-330	289	1	section	section	NOUN
ftr-330	289	2	362(e)(2)(a	362(e)(2)(a	NUM
ftr-330	289	3	)	)	PUNCT
ftr-330	289	4	requires	require	VERB
ftr-330	289	5	that	that	SCONJ
ftr-330	289	6	the	the	DET
ftr-330	289	7	aggregate	aggregate	ADJ
ftr-330	289	8	basis	basis	NOUN
ftr-330	289	9	of	of	ADP
ftr-330	289	10	the	the	DET
ftr-330	289	11	transferred	transfer	VERB
ftr-330	289	12	property	property	NOUN
ftr-330	289	13	be	be	AUX
ftr-330	289	14	reduced	reduce	VERB
ftr-330	289	15	by	by	ADP
ftr-330	289	16	the	the	DET
ftr-330	289	17	excess	excess	NOUN
ftr-330	289	18	of	of	ADP
ftr-330	289	19	the	the	DET
ftr-330	289	20	aggregate	aggregate	ADJ
ftr-330	289	21	basis	basis	NOUN
ftr-330	289	22	over	over	ADP
ftr-330	289	23	the	the	DET
ftr-330	289	24	aggregate	aggregate	ADJ
ftr-330	289	25	fair	fair	ADJ
ftr-330	289	26	market	market	NOUN
ftr-330	289	27	value	value	NOUN
ftr-330	289	28	,	,	PUNCT
ftr-330	289	29	and	and	CCONJ
ftr-330	289	30	section	section	NOUN
ftr-330	289	31	362(e)(2)(b	362(e)(2)(b	NUM
ftr-330	289	32	)	)	PUNCT
ftr-330	289	33	requires	require	VERB
ftr-330	289	34	that	that	SCONJ
ftr-330	289	35	the	the	DET
ftr-330	289	36	aggregate	aggregate	ADJ
ftr-330	289	37	basis	basis	NOUN
ftr-330	289	38	reduction	reduction	NOUN
ftr-330	289	39	be	be	AUX
ftr-330	289	40	allocated	allocate	VERB
ftr-330	289	41	among	among	ADP
ftr-330	289	42	the	the	DET
ftr-330	289	43	transferred	transfer	VERB
ftr-330	289	44	properties	property	NOUN
ftr-330	289	45	in	in	ADP
ftr-330	289	46	proportion	proportion	NOUN
ftr-330	289	47	to	to	ADP
ftr-330	289	48	the	the	DET
ftr-330	289	49	built	build	VERB
ftr-330	289	50	-	-	PUNCT
ftr-330	289	51	in	in	ADP
ftr-330	289	52	losses	loss	NOUN
ftr-330	289	53	in	in	ADP
ftr-330	289	54	the	the	DET
ftr-330	289	55	properties	property	NOUN
ftr-330	289	56	before	before	ADP
ftr-330	289	57	taking	take	VERB
ftr-330	289	58	into	into	ADP
ftr-330	289	59	account	account	NOUN
ftr-330	289	60	section	section	NOUN
ftr-330	289	61	362(e)(2	362(e)(2	NUM
ftr-330	289	62	)	)	PUNCT
ftr-330	289	63	.	.	PUNCT
ftr-330	290	1	section	section	NOUN
ftr-330	290	2	362(e)(2	362(e)(2	NUM
ftr-330	290	3	)	)	PUNCT
ftr-330	290	4	generally	generally	ADV
ftr-330	290	5	does	do	AUX
ftr-330	290	6	not	not	PART
ftr-330	290	7	apply	apply	VERB
ftr-330	290	8	to	to	ADP
ftr-330	290	9	transfers	transfer	NOUN
ftr-330	290	10	to	to	ADP
ftr-330	290	11	a	a	DET
ftr-330	290	12	controlled	control	VERB
ftr-330	290	13	subsidiary	subsidiary	NOUN
ftr-330	290	14	that	that	PRON
ftr-330	290	15	is	be	AUX
ftr-330	290	16	a	a	DET
ftr-330	290	17	member	member	NOUN
ftr-330	290	18	of	of	ADP
ftr-330	290	19	the	the	DET
ftr-330	290	20	transferor	transferor	NOUN
ftr-330	290	21	’s	’s	PART
ftr-330	290	22	consolidated	consolidated	ADJ
ftr-330	290	23	group.57	group.57	PROPN
ftr-330	290	24	it	it	PRON
ftr-330	290	25	is	be	AUX
ftr-330	290	26	not	not	PART
ftr-330	290	27	necessary	necessary	ADJ
ftr-330	290	28	to	to	PART
ftr-330	290	29	apply	apply	VERB
ftr-330	290	30	section	section	NOUN
ftr-330	290	31	362(e)(2	362(e)(2	NUM
ftr-330	290	32	)	)	PUNCT
ftr-330	290	33	within	within	ADP
ftr-330	290	34	consolidated	consolidated	ADJ
ftr-330	290	35	returns	return	NOUN
ftr-330	290	36	because	because	SCONJ
ftr-330	290	37	within	within	ADP
ftr-330	290	38	consolidated	consolidated	ADJ
ftr-330	290	39	groups	group	NOUN
ftr-330	290	40	,	,	PUNCT
ftr-330	290	41	the	the	DET
ftr-330	290	42	problem	problem	NOUN
ftr-330	290	43	otherwise	otherwise	ADV
ftr-330	290	44	addressed	address	VERB
ftr-330	290	45	by	by	ADP
ftr-330	290	46	section	section	NOUN
ftr-330	290	47	362(e)(2	362(e)(2	NUM
ftr-330	290	48	)	)	PUNCT
ftr-330	290	49	is	be	AUX
ftr-330	290	50	addressed	address	VERB
ftr-330	290	51	by	by	ADP
ftr-330	290	52	the	the	DET
ftr-330	290	53	investment	investment	NOUN
ftr-330	290	54	adjustment	adjustment	NOUN
ftr-330	290	55	rules	rule	NOUN
ftr-330	290	56	in	in	ADP
ftr-330	290	57	treasury	treasury	NOUN
ftr-330	290	58	regulation	regulation	NOUN
ftr-330	290	59	section	section	NOUN
ftr-330	290	60	1.1504–32	1.1504–32	PROPN
ftr-330	290	61	.	.	PUNCT
ftr-330	290	62	b.	b.	PROPN
ftr-330	290	63	receipt	receipt	NOUN
ftr-330	290	64	of	of	ADP
ftr-330	290	65	other	other	ADJ
ftr-330	290	66	property	property	NOUN
ftr-330	290	67	if	if	SCONJ
ftr-330	290	68	the	the	DET
ftr-330	290	69	transferor	transferor	NOUN
ftr-330	290	70	receives	receive	VERB
ftr-330	290	71	money	money	NOUN
ftr-330	290	72	or	or	CCONJ
ftr-330	290	73	other	other	ADJ
ftr-330	290	74	property	property	NOUN
ftr-330	290	75	(	(	PUNCT
ftr-330	290	76	“	"	PUNCT
ftr-330	290	77	boot	boot	NOUN
ftr-330	290	78	”	"	PUNCT
ftr-330	290	79	)	)	PUNCT
ftr-330	290	80	in	in	ADP
ftr-330	290	81	addition	addition	NOUN
ftr-330	290	82	to	to	ADP
ftr-330	290	83	stock	stock	NOUN
ftr-330	290	84	as	as	ADP
ftr-330	290	85	the	the	DET
ftr-330	290	86	consideration	consideration	NOUN
ftr-330	290	87	for	for	ADP
ftr-330	290	88	the	the	DET
ftr-330	290	89	transfer	transfer	NOUN
ftr-330	290	90	of	of	ADP
ftr-330	290	91	property	property	NOUN
ftr-330	290	92	to	to	ADP
ftr-330	290	93	a	a	DET
ftr-330	290	94	controlled	control	VERB
ftr-330	290	95	corporation	corporation	NOUN
ftr-330	290	96	,	,	PUNCT
ftr-330	290	97	under	under	ADP
ftr-330	290	98	section	section	NOUN
ftr-330	290	99	351(b	351(b	PROPN
ftr-330	290	100	)	)	PUNCT
ftr-330	290	101	the	the	DET
ftr-330	290	102	transferor	transferor	NOUN
ftr-330	290	103	’s	’s	PART
ftr-330	290	104	realized	realize	VERB
ftr-330	290	105	gain	gain	NOUN
ftr-330	290	106	is	be	AUX
ftr-330	290	107	recognized	recognize	VERB
ftr-330	290	108	to	to	ADP
ftr-330	290	109	the	the	DET
ftr-330	290	110	extent	extent	NOUN
ftr-330	290	111	of	of	ADP
ftr-330	290	112	money	money	NOUN
ftr-330	290	113	and	and	CCONJ
ftr-330	290	114	the	the	DET
ftr-330	290	115	fair	fair	ADJ
ftr-330	290	116	market	market	NOUN
ftr-330	290	117	value	value	NOUN
ftr-330	290	118	of	of	ADP
ftr-330	290	119	property	property	NOUN
ftr-330	290	120	received	receive	VERB
ftr-330	290	121	.	.	PUNCT
ftr-330	291	1	loss	loss	NOUN
ftr-330	291	2	,	,	PUNCT
ftr-330	291	3	however	however	ADV
ftr-330	291	4	,	,	PUNCT
ftr-330	291	5	is	be	AUX
ftr-330	291	6	never	never	ADV
ftr-330	291	7	recognized	recognize	VERB
ftr-330	291	8	even	even	ADV
ftr-330	291	9	though	though	SCONJ
ftr-330	291	10	boot	boot	NOUN
ftr-330	291	11	may	may	AUX
ftr-330	291	12	be	be	AUX
ftr-330	291	13	received.58	received.58	ADJ
ftr-330	291	14	under	under	ADP
ftr-330	291	15	section	section	NOUN
ftr-330	291	16	358(a	358(a	PROPN
ftr-330	291	17	)	)	PUNCT
ftr-330	291	18	,	,	PUNCT
ftr-330	291	19	the	the	DET
ftr-330	291	20	transferor	transferor	NOUN
ftr-330	291	21	’s	’s	PART
ftr-330	291	22	basis	basis	NOUN
ftr-330	291	23	in	in	ADP
ftr-330	291	24	stock	stock	NOUN
ftr-330	291	25	received	receive	VERB
ftr-330	291	26	is	be	AUX
ftr-330	291	27	adjusted	adjust	VERB
ftr-330	291	28	to	to	PART
ftr-330	291	29	reflect	reflect	VERB
ftr-330	291	30	receipt	receipt	NOUN
ftr-330	291	31	and	and	CCONJ
ftr-330	291	32	taxation	taxation	NOUN
ftr-330	291	33	of	of	ADP
ftr-330	291	34	the	the	DET
ftr-330	291	35	boot	boot	NOUN
ftr-330	291	36	.	.	PUNCT
ftr-330	292	1	generally	generally	ADV
ftr-330	292	2	speaking	speak	VERB
ftr-330	292	3	,	,	PUNCT
ftr-330	293	1	the	the	DET
ftr-330	293	2	56	56	NUM
ftr-330	293	3	.	.	PUNCT
ftr-330	293	4	reg	reg	NOUN
ftr-330	293	5	.	.	PUNCT
ftr-330	294	1	§	§	PROPN
ftr-330	294	2	1.1032–1	1.1032–1	NUM
ftr-330	294	3	.	.	PROPN
ftr-330	294	4	57	57	NUM
ftr-330	294	5	.	.	PUNCT
ftr-330	295	1	reg	reg	NOUN
ftr-330	295	2	.	.	PUNCT
ftr-330	296	1	§	§	PROPN
ftr-330	296	2	1.1502–80(h	1.1502–80(h	NUM
ftr-330	296	3	)	)	PUNCT
ftr-330	296	4	.	.	PUNCT
ftr-330	297	1	58	58	NUM
ftr-330	297	2	.	.	PUNCT
ftr-330	297	3	i.r.c	i.r.c	NOUN
ftr-330	297	4	.	.	PUNCT
ftr-330	298	1	§	§	PROPN
ftr-330	298	2	351(b)(2	351(b)(2	PROPN
ftr-330	298	3	)	)	PUNCT
ftr-330	298	4	.	.	PUNCT
ftr-330	299	1	2012	2012	NUM
ftr-330	299	2	]	]	PUNCT
ftr-330	299	3	understanding	understand	VERB
ftr-330	299	4	consolidated	consolidated	ADJ
ftr-330	299	5	returns	return	NOUN
ftr-330	299	6	139	139	NUM
ftr-330	299	7	adjustment	adjustment	NOUN
ftr-330	299	8	increases	increase	VERB
ftr-330	299	9	the	the	DET
ftr-330	299	10	amount	amount	NOUN
ftr-330	299	11	of	of	ADP
ftr-330	299	12	the	the	DET
ftr-330	299	13	stock	stock	NOUN
ftr-330	299	14	’s	’s	PART
ftr-330	299	15	basis	basis	NOUN
ftr-330	299	16	by	by	ADP
ftr-330	299	17	the	the	DET
ftr-330	299	18	amount	amount	NOUN
ftr-330	299	19	of	of	ADP
ftr-330	299	20	gain	gain	NOUN
ftr-330	299	21	recognized	recognize	VERB
ftr-330	299	22	and	and	CCONJ
ftr-330	299	23	decreases	decrease	VERB
ftr-330	299	24	the	the	DET
ftr-330	299	25	amount	amount	NOUN
ftr-330	299	26	of	of	ADP
ftr-330	299	27	the	the	DET
ftr-330	299	28	stock	stock	NOUN
ftr-330	299	29	’s	’s	PART
ftr-330	299	30	basis	basis	NOUN
ftr-330	299	31	by	by	ADP
ftr-330	299	32	the	the	DET
ftr-330	299	33	amount	amount	NOUN
ftr-330	299	34	of	of	ADP
ftr-330	299	35	boot	boot	NOUN
ftr-330	299	36	received	receive	VERB
ftr-330	299	37	.	.	PUNCT
ftr-330	300	1	the	the	DET
ftr-330	300	2	corporation	corporation	NOUN
ftr-330	300	3	’s	’s	PART
ftr-330	300	4	basis	basis	NOUN
ftr-330	300	5	in	in	ADP
ftr-330	300	6	property	property	NOUN
ftr-330	300	7	received	receive	VERB
ftr-330	300	8	is	be	AUX
ftr-330	300	9	increased	increase	VERB
ftr-330	300	10	by	by	ADP
ftr-330	300	11	gain	gain	NOUN
ftr-330	300	12	recognized	recognize	VERB
ftr-330	300	13	to	to	ADP
ftr-330	300	14	the	the	DET
ftr-330	300	15	transferor.59	transferor.59	PROPN
ftr-330	300	16	c.	c.	PROPN
ftr-330	300	17	assumption	assumption	NOUN
ftr-330	300	18	of	of	ADP
ftr-330	300	19	transferor	transferor	PROPN
ftr-330	300	20	’s	’s	PART
ftr-330	300	21	debts	debt	NOUN
ftr-330	300	22	section	section	NOUN
ftr-330	300	23	357	357	NUM
ftr-330	300	24	provides	provide	VERB
ftr-330	300	25	that	that	SCONJ
ftr-330	300	26	the	the	DET
ftr-330	300	27	assumption	assumption	NOUN
ftr-330	300	28	of	of	ADP
ftr-330	300	29	a	a	DET
ftr-330	300	30	liability	liability	NOUN
ftr-330	300	31	or	or	CCONJ
ftr-330	300	32	the	the	DET
ftr-330	300	33	acquisition	acquisition	NOUN
ftr-330	300	34	of	of	ADP
ftr-330	300	35	property	property	NOUN
ftr-330	300	36	subject	subject	NOUN
ftr-330	300	37	to	to	ADP
ftr-330	300	38	a	a	DET
ftr-330	300	39	liability	liability	NOUN
ftr-330	300	40	does	do	AUX
ftr-330	300	41	not	not	PART
ftr-330	300	42	constitute	constitute	VERB
ftr-330	300	43	boot	boot	NOUN
ftr-330	300	44	for	for	ADP
ftr-330	300	45	the	the	DET
ftr-330	300	46	purpose	purpose	NOUN
ftr-330	300	47	of	of	ADP
ftr-330	300	48	section	section	NOUN
ftr-330	300	49	351	351	NUM
ftr-330	300	50	,	,	PUNCT
ftr-330	300	51	unless	unless	SCONJ
ftr-330	300	52	a	a	DET
ftr-330	300	53	tax	tax	NOUN
ftr-330	300	54	avoidance	avoidance	NOUN
ftr-330	300	55	scheme	scheme	NOUN
ftr-330	300	56	is	be	AUX
ftr-330	300	57	involved	involve	VERB
ftr-330	300	58	or	or	CCONJ
ftr-330	300	59	unless	unless	SCONJ
ftr-330	300	60	the	the	DET
ftr-330	300	61	liabilities	liability	NOUN
ftr-330	300	62	assumed	assume	VERB
ftr-330	300	63	exceed	exceed	VERB
ftr-330	300	64	the	the	DET
ftr-330	300	65	basis	basis	NOUN
ftr-330	300	66	of	of	ADP
ftr-330	300	67	the	the	DET
ftr-330	300	68	property	property	NOUN
ftr-330	300	69	transferred	transfer	VERB
ftr-330	300	70	.	.	PUNCT
ftr-330	301	1	outside	outside	ADP
ftr-330	301	2	of	of	ADP
ftr-330	301	3	the	the	DET
ftr-330	301	4	consolidated	consolidated	ADJ
ftr-330	301	5	return	return	NOUN
ftr-330	301	6	regime	regime	NOUN
ftr-330	301	7	,	,	PUNCT
ftr-330	301	8	section	section	NOUN
ftr-330	301	9	357(c)(1	357(c)(1	NUM
ftr-330	301	10	)	)	PUNCT
ftr-330	301	11	provides	provide	VERB
ftr-330	301	12	that	that	SCONJ
ftr-330	301	13	if	if	SCONJ
ftr-330	301	14	the	the	DET
ftr-330	301	15	amount	amount	NOUN
ftr-330	301	16	of	of	ADP
ftr-330	301	17	liabilities	liability	NOUN
ftr-330	301	18	assumed	assume	VERB
ftr-330	301	19	exceeds	exceed	VERB
ftr-330	301	20	the	the	DET
ftr-330	301	21	basis	basis	NOUN
ftr-330	301	22	of	of	ADP
ftr-330	301	23	the	the	DET
ftr-330	301	24	property	property	NOUN
ftr-330	301	25	transferred	transfer	VERB
ftr-330	301	26	,	,	PUNCT
ftr-330	301	27	gain	gain	VERB
ftr-330	301	28	results	result	NOUN
ftr-330	301	29	to	to	ADP
ftr-330	301	30	the	the	DET
ftr-330	301	31	extent	extent	NOUN
ftr-330	301	32	of	of	ADP
ftr-330	301	33	such	such	ADJ
ftr-330	301	34	excess	excess	NOUN
ftr-330	301	35	,	,	PUNCT
ftr-330	301	36	regardless	regardless	ADV
ftr-330	301	37	of	of	ADP
ftr-330	301	38	the	the	DET
ftr-330	301	39	purpose	purpose	NOUN
ftr-330	301	40	of	of	ADP
ftr-330	301	41	the	the	DET
ftr-330	301	42	debt	debt	NOUN
ftr-330	301	43	or	or	CCONJ
ftr-330	301	44	the	the	DET
ftr-330	301	45	assumption.60	assumption.60	NOUN
ftr-330	301	46	however	however	ADV
ftr-330	301	47	,	,	PUNCT
ftr-330	301	48	under	under	ADP
ftr-330	301	49	the	the	DET
ftr-330	301	50	regulations	regulation	NOUN
ftr-330	301	51	,	,	PUNCT
ftr-330	301	52	section	section	NOUN
ftr-330	301	53	357(c	357(c	PROPN
ftr-330	301	54	)	)	PUNCT
ftr-330	301	55	does	do	AUX
ftr-330	301	56	not	not	PART
ftr-330	301	57	apply	apply	VERB
ftr-330	301	58	to	to	ADP
ftr-330	301	59	transfers	transfer	NOUN
ftr-330	301	60	with	with	ADP
ftr-330	301	61	an	an	DET
ftr-330	301	62	affiliated	affiliated	ADJ
ftr-330	301	63	group	group	NOUN
ftr-330	301	64	of	of	ADP
ftr-330	301	65	corporations	corporation	NOUN
ftr-330	301	66	filing	file	VERB
ftr-330	301	67	a	a	DET
ftr-330	301	68	consolidated	consolidated	ADJ
ftr-330	301	69	return.61	return.61	NOUN
ftr-330	301	70	instead	instead	ADV
ftr-330	301	71	the	the	DET
ftr-330	301	72	transferor	transferor	NOUN
ftr-330	301	73	takes	take	VERB
ftr-330	301	74	a	a	DET
ftr-330	301	75	negative	negative	ADJ
ftr-330	301	76	basis	basis	NOUN
ftr-330	301	77	in	in	ADP
ftr-330	301	78	the	the	DET
ftr-330	301	79	stock	stock	NOUN
ftr-330	301	80	of	of	ADP
ftr-330	301	81	the	the	DET
ftr-330	301	82	transferee	transferee	PROPN
ftr-330	301	83	corporation	corporation	NOUN
ftr-330	301	84	equal	equal	ADJ
ftr-330	301	85	to	to	ADP
ftr-330	301	86	the	the	DET
ftr-330	301	87	amount	amount	NOUN
ftr-330	301	88	by	by	ADP
ftr-330	301	89	which	which	PRON
ftr-330	301	90	the	the	DET
ftr-330	301	91	debt(s	debt(s	PROPN
ftr-330	301	92	)	)	PUNCT
ftr-330	301	93	exceeds	exceed	VERB
ftr-330	301	94	the	the	DET
ftr-330	301	95	aggregate	aggregate	ADJ
ftr-330	301	96	basis	basis	NOUN
ftr-330	301	97	of	of	ADP
ftr-330	301	98	the	the	DET
ftr-330	301	99	transferred	transfer	VERB
ftr-330	301	100	property	property	NOUN
ftr-330	301	101	.	.	PUNCT
ftr-330	302	1	for	for	ADP
ftr-330	302	2	purposes	purpose	NOUN
ftr-330	302	3	of	of	ADP
ftr-330	302	4	determining	determine	VERB
ftr-330	302	5	the	the	DET
ftr-330	302	6	transferor	transferor	NOUN
ftr-330	302	7	’s	’s	PART
ftr-330	302	8	basis	basis	NOUN
ftr-330	302	9	in	in	ADP
ftr-330	302	10	nonrecognition	nonrecognition	NOUN
ftr-330	302	11	property	property	NOUN
ftr-330	302	12	received	receive	VERB
ftr-330	302	13	in	in	ADP
ftr-330	302	14	the	the	DET
ftr-330	302	15	exchange	exchange	NOUN
ftr-330	302	16	,	,	PUNCT
ftr-330	302	17	section	section	NOUN
ftr-330	302	18	358(d	358(d	PROPN
ftr-330	302	19	)	)	PUNCT
ftr-330	302	20	treats	treat	VERB
ftr-330	302	21	the	the	DET
ftr-330	302	22	assumption	assumption	NOUN
ftr-330	302	23	of	of	ADP
ftr-330	302	24	a	a	DET
ftr-330	302	25	liability	liability	NOUN
ftr-330	302	26	of	of	ADP
ftr-330	302	27	the	the	DET
ftr-330	302	28	transferor	transferor	NOUN
ftr-330	302	29	or	or	CCONJ
ftr-330	302	30	a	a	DET
ftr-330	302	31	transfer	transfer	NOUN
ftr-330	302	32	of	of	ADP
ftr-330	302	33	property	property	NOUN
ftr-330	302	34	subject	subject	NOUN
ftr-330	302	35	to	to	ADP
ftr-330	302	36	a	a	DET
ftr-330	302	37	liability	liability	NOUN
ftr-330	302	38	as	as	ADP
ftr-330	302	39	the	the	DET
ftr-330	302	40	receipt	receipt	NOUN
ftr-330	302	41	of	of	ADP
ftr-330	302	42	cash	cash	NOUN
ftr-330	302	43	by	by	ADP
ftr-330	302	44	the	the	DET
ftr-330	302	45	transferor	transferor	NOUN
ftr-330	302	46	,	,	PUNCT
ftr-330	302	47	without	without	ADP
ftr-330	302	48	regard	regard	NOUN
ftr-330	302	49	to	to	ADP
ftr-330	302	50	how	how	SCONJ
ftr-330	302	51	the	the	DET
ftr-330	302	52	debt	debt	NOUN
ftr-330	302	53	is	be	AUX
ftr-330	302	54	treated	treat	VERB
ftr-330	302	55	under	under	ADP
ftr-330	302	56	section	section	NOUN
ftr-330	302	57	357	357	NUM
ftr-330	302	58	.	.	PUNCT
ftr-330	303	1	the	the	DET
ftr-330	303	2	result	result	NOUN
ftr-330	303	3	is	be	AUX
ftr-330	303	4	a	a	DET
ftr-330	303	5	reduction	reduction	NOUN
ftr-330	303	6	in	in	ADP
ftr-330	303	7	the	the	DET
ftr-330	303	8	transferor	transferor	NOUN
ftr-330	303	9	’s	’s	PART
ftr-330	303	10	basis	basis	NOUN
ftr-330	303	11	to	to	ADP
ftr-330	303	12	the	the	DET
ftr-330	303	13	extent	extent	NOUN
ftr-330	303	14	of	of	ADP
ftr-330	303	15	the	the	DET
ftr-330	303	16	liability	liability	NOUN
ftr-330	303	17	.	.	PUNCT
ftr-330	304	1	however	however	ADV
ftr-330	304	2	,	,	PUNCT
ftr-330	304	3	if	if	SCONJ
ftr-330	304	4	the	the	DET
ftr-330	304	5	shareholder	shareholder	NOUN
ftr-330	304	6	’s	’s	PART
ftr-330	304	7	basis	basis	NOUN
ftr-330	304	8	for	for	ADP
ftr-330	304	9	stock	stock	NOUN
ftr-330	304	10	received	receive	VERB
ftr-330	304	11	in	in	ADP
ftr-330	304	12	a	a	DET
ftr-330	304	13	section	section	NOUN
ftr-330	304	14	351	351	NUM
ftr-330	304	15	transaction	transaction	NOUN
ftr-330	304	16	otherwise	otherwise	ADV
ftr-330	304	17	would	would	AUX
ftr-330	304	18	exceed	exceed	VERB
ftr-330	304	19	its	its	PRON
ftr-330	304	20	fair	fair	ADJ
ftr-330	304	21	market	market	NOUN
ftr-330	304	22	value	value	NOUN
ftr-330	304	23	,	,	PUNCT
ftr-330	304	24	section	section	NOUN
ftr-330	304	25	358(h	358(h	PROPN
ftr-330	304	26	)	)	PUNCT
ftr-330	304	27	requires	require	VERB
ftr-330	304	28	that	that	SCONJ
ftr-330	304	29	the	the	DET
ftr-330	304	30	basis	basis	NOUN
ftr-330	304	31	of	of	ADP
ftr-330	304	32	the	the	DET
ftr-330	304	33	stock	stock	NOUN
ftr-330	304	34	be	be	AUX
ftr-330	304	35	reduced	reduce	VERB
ftr-330	304	36	(	(	PUNCT
ftr-330	304	37	but	but	CCONJ
ftr-330	304	38	not	not	PART
ftr-330	304	39	below	below	ADP
ftr-330	304	40	the	the	DET
ftr-330	304	41	fair	fair	ADJ
ftr-330	304	42	market	market	NOUN
ftr-330	304	43	value	value	NOUN
ftr-330	304	44	)	)	PUNCT
ftr-330	304	45	by	by	ADP
ftr-330	304	46	the	the	DET
ftr-330	304	47	amount	amount	NOUN
ftr-330	304	48	(	(	PUNCT
ftr-330	304	49	determined	determine	VERB
ftr-330	304	50	as	as	ADP
ftr-330	304	51	of	of	ADP
ftr-330	304	52	the	the	DET
ftr-330	304	53	date	date	NOUN
ftr-330	304	54	of	of	ADP
ftr-330	304	55	the	the	DET
ftr-330	304	56	exchange	exchange	NOUN
ftr-330	304	57	)	)	PUNCT
ftr-330	304	58	of	of	ADP
ftr-330	304	59	any	any	DET
ftr-330	304	60	section	section	NOUN
ftr-330	304	61	357(c)(3	357(c)(3	NOUN
ftr-330	304	62	)	)	PUNCT
ftr-330	304	63	liability	liability	NOUN
ftr-330	304	64	that	that	PRON
ftr-330	304	65	was	be	AUX
ftr-330	304	66	assumed	assume	VERB
ftr-330	304	67	by	by	ADP
ftr-330	304	68	the	the	DET
ftr-330	304	69	corporation	corporation	NOUN
ftr-330	304	70	.	.	PUNCT
ftr-330	305	1	for	for	ADP
ftr-330	305	2	this	this	DET
ftr-330	305	3	purpose	purpose	NOUN
ftr-330	305	4	,	,	PUNCT
ftr-330	305	5	“	"	PUNCT
ftr-330	305	6	liability	liability	NOUN
ftr-330	305	7	”	"	PUNCT
ftr-330	305	8	is	be	AUX
ftr-330	305	9	broadly	broadly	ADV
ftr-330	305	10	defined	define	VERB
ftr-330	305	11	to	to	PART
ftr-330	305	12	include	include	VERB
ftr-330	305	13	“	"	PUNCT
ftr-330	305	14	any	any	DET
ftr-330	305	15	fixed	fixed	ADJ
ftr-330	305	16	or	or	CCONJ
ftr-330	305	17	contingent	contingent	ADJ
ftr-330	305	18	obligation	obligation	NOUN
ftr-330	305	19	to	to	PART
ftr-330	305	20	make	make	VERB
ftr-330	305	21	payment	payment	NOUN
ftr-330	305	22	,	,	PUNCT
ftr-330	305	23	without	without	ADP
ftr-330	305	24	regard	regard	NOUN
ftr-330	305	25	to	to	ADP
ftr-330	305	26	whether	whether	SCONJ
ftr-330	305	27	the	the	DET
ftr-330	305	28	obligation	obligation	NOUN
ftr-330	305	29	is	be	AUX
ftr-330	305	30	otherwise	otherwise	ADV
ftr-330	305	31	taken	take	VERB
ftr-330	305	32	into	into	ADP
ftr-330	305	33	account	account	NOUN
ftr-330	305	34	for	for	ADP
ftr-330	305	35	purposes	purpose	NOUN
ftr-330	305	36	of	of	ADP
ftr-330	305	37	[	[	PUNCT
ftr-330	305	38	the	the	DET
ftr-330	305	39	income	income	NOUN
ftr-330	305	40	tax	tax	NOUN
ftr-330	305	41	]	]	X
ftr-330	305	42	.	.	PUNCT
ftr-330	305	43	”	"	PUNCT
ftr-330	306	1	under	under	ADP
ftr-330	306	2	this	this	DET
ftr-330	306	3	definition	definition	NOUN
ftr-330	306	4	,	,	PUNCT
ftr-330	306	5	a	a	DET
ftr-330	306	6	liability	liability	NOUN
ftr-330	306	7	that	that	PRON
ftr-330	306	8	is	be	AUX
ftr-330	306	9	not	not	PART
ftr-330	306	10	cognizable	cognizable	ADJ
ftr-330	306	11	under	under	ADP
ftr-330	306	12	section	section	NOUN
ftr-330	306	13	357	357	NUM
ftr-330	306	14	—	—	PUNCT
ftr-330	306	15	for	for	ADP
ftr-330	306	16	example	example	NOUN
ftr-330	306	17	,	,	PUNCT
ftr-330	306	18	a	a	DET
ftr-330	306	19	cash	cash	NOUN
ftr-330	306	20	method	method	NOUN
ftr-330	306	21	account	account	NOUN
ftr-330	306	22	payable	payable	ADJ
ftr-330	306	23	,	,	PUNCT
ftr-330	306	24	a	a	DET
ftr-330	306	25	contingent	contingent	NOUN
ftr-330	306	26	liability	liability	NOUN
ftr-330	306	27	,	,	PUNCT
ftr-330	306	28	or	or	CCONJ
ftr-330	306	29	an	an	DET
ftr-330	306	30	obligation	obligation	NOUN
ftr-330	306	31	of	of	ADP
ftr-330	306	32	an	an	DET
ftr-330	306	33	accrual	accrual	ADJ
ftr-330	306	34	method	method	NOUN
ftr-330	306	35	taxpayer	taxpayer	NOUN
ftr-330	306	36	that	that	PRON
ftr-330	306	37	is	be	AUX
ftr-330	306	38	not	not	PART
ftr-330	306	39	yet	yet	ADV
ftr-330	306	40	deductible	deductible	ADJ
ftr-330	306	41	because	because	SCONJ
ftr-330	306	42	of	of	ADP
ftr-330	306	43	the	the	DET
ftr-330	306	44	operation	operation	NOUN
ftr-330	306	45	of	of	ADP
ftr-330	306	46	the	the	DET
ftr-330	306	47	economic	economic	ADJ
ftr-330	306	48	performance	performance	NOUN
ftr-330	306	49	rules	rule	NOUN
ftr-330	306	50	of	of	ADP
ftr-330	306	51	section	section	NOUN
ftr-330	306	52	461(h	461(h	PROPN
ftr-330	306	53	)	)	PUNCT
ftr-330	306	54	—	—	PUNCT
ftr-330	306	55	nevertheless	nevertheless	ADV
ftr-330	306	56	will	will	AUX
ftr-330	306	57	be	be	AUX
ftr-330	306	58	taken	take	VERB
ftr-330	306	59	into	into	ADP
ftr-330	306	60	account	account	NOUN
ftr-330	306	61	under	under	ADP
ftr-330	306	62	59	59	NUM
ftr-330	306	63	.	.	PUNCT
ftr-330	306	64	i.r.c	i.r.c	NOUN
ftr-330	306	65	.	.	PUNCT
ftr-330	307	1	§	§	PROPN
ftr-330	307	2	362(a	362(a	PROPN
ftr-330	307	3	)	)	PUNCT
ftr-330	307	4	.	.	PUNCT
ftr-330	308	1	60	60	NUM
ftr-330	308	2	.	.	PUNCT
ftr-330	309	1	for	for	ADP
ftr-330	309	2	purposes	purpose	NOUN
ftr-330	309	3	of	of	ADP
ftr-330	309	4	applying	apply	VERB
ftr-330	309	5	the	the	DET
ftr-330	309	6	exception	exception	NOUN
ftr-330	309	7	in	in	ADP
ftr-330	309	8	section	section	NOUN
ftr-330	309	9	357(c)(1	357(c)(1	NUM
ftr-330	309	10	)	)	PUNCT
ftr-330	309	11	,	,	PUNCT
ftr-330	309	12	section	section	NOUN
ftr-330	309	13	357(c)(3)(a	357(c)(3)(a	NUM
ftr-330	309	14	)	)	PUNCT
ftr-330	309	15	provides	provide	VERB
ftr-330	309	16	that	that	SCONJ
ftr-330	309	17	a	a	DET
ftr-330	309	18	liability	liability	NOUN
ftr-330	309	19	the	the	DET
ftr-330	309	20	payment	payment	NOUN
ftr-330	309	21	of	of	ADP
ftr-330	309	22	which	which	PRON
ftr-330	309	23	would	would	AUX
ftr-330	309	24	give	give	VERB
ftr-330	309	25	rise	rise	NOUN
ftr-330	309	26	to	to	ADP
ftr-330	309	27	a	a	DET
ftr-330	309	28	deduction	deduction	NOUN
ftr-330	309	29	is	be	AUX
ftr-330	309	30	excluded	exclude	VERB
ftr-330	309	31	.	.	PUNCT
ftr-330	310	1	61	61	NUM
ftr-330	310	2	.	.	PUNCT
ftr-330	311	1	reg	reg	NOUN
ftr-330	311	2	.	.	PUNCT
ftr-330	312	1	§	§	PROPN
ftr-330	312	2	1.1502–80(d	1.1502–80(d	NUM
ftr-330	312	3	)	)	PUNCT
ftr-330	312	4	.	.	PUNCT
ftr-330	313	1	140	140	NUM
ftr-330	313	2	florida	florida	PROPN
ftr-330	313	3	tax	tax	NOUN
ftr-330	313	4	review	review	NOUN
ftr-330	314	1	[	[	X
ftr-330	314	2	vol	vol	NOUN
ftr-330	314	3	.	.	PUNCT
ftr-330	314	4	12:3	12:3	NUM
ftr-330	314	5	section	section	NOUN
ftr-330	314	6	358(h	358(h	NUM
ftr-330	314	7	)	)	PUNCT
ftr-330	314	8	to	to	PART
ftr-330	314	9	reduce	reduce	VERB
ftr-330	314	10	the	the	DET
ftr-330	314	11	transferor	transferor	NOUN
ftr-330	314	12	shareholder	shareholder	NOUN
ftr-330	314	13	’s	’s	PART
ftr-330	314	14	stock	stock	NOUN
ftr-330	314	15	basis	basis	NOUN
ftr-330	314	16	.	.	PUNCT
ftr-330	315	1	section	section	NOUN
ftr-330	315	2	358(h	358(h	PROPN
ftr-330	315	3	)	)	PUNCT
ftr-330	315	4	does	do	AUX
ftr-330	315	5	not	not	PART
ftr-330	315	6	apply	apply	VERB
ftr-330	315	7	in	in	ADP
ftr-330	315	8	all	all	DET
ftr-330	315	9	instances	instance	NOUN
ftr-330	315	10	,	,	PUNCT
ftr-330	315	11	however	however	ADV
ftr-330	315	12	.	.	PUNCT
ftr-330	316	1	section	section	PROPN
ftr-330	316	2	358(h)(3	358(h)(3	NOUN
ftr-330	316	3	)	)	PUNCT
ftr-330	316	4	provides	provide	VERB
ftr-330	316	5	that	that	PRON
ftr-330	316	6	,	,	PUNCT
ftr-330	316	7	except	except	SCONJ
ftr-330	316	8	as	as	SCONJ
ftr-330	316	9	provided	provide	VERB
ftr-330	316	10	in	in	ADP
ftr-330	316	11	regulations	regulation	NOUN
ftr-330	316	12	,	,	PUNCT
ftr-330	316	13	section	section	NOUN
ftr-330	316	14	358(h	358(h	PROPN
ftr-330	316	15	)	)	PUNCT
ftr-330	316	16	does	do	AUX
ftr-330	316	17	not	not	PART
ftr-330	316	18	apply	apply	VERB
ftr-330	316	19	if	if	SCONJ
ftr-330	316	20	,	,	PUNCT
ftr-330	316	21	as	as	ADP
ftr-330	316	22	part	part	NOUN
ftr-330	316	23	of	of	ADP
ftr-330	316	24	the	the	DET
ftr-330	316	25	exchange	exchange	NOUN
ftr-330	316	26	(	(	PUNCT
ftr-330	316	27	1	1	NUM
ftr-330	316	28	)	)	PUNCT
ftr-330	316	29	“	"	PUNCT
ftr-330	316	30	the	the	DET
ftr-330	316	31	trade	trade	NOUN
ftr-330	316	32	or	or	CCONJ
ftr-330	316	33	business	business	NOUN
ftr-330	316	34	with	with	ADP
ftr-330	316	35	which	which	PRON
ftr-330	316	36	the	the	DET
ftr-330	316	37	liability	liability	NOUN
ftr-330	316	38	is	be	AUX
ftr-330	316	39	associated	associate	VERB
ftr-330	316	40	is	be	AUX
ftr-330	316	41	transferred	transfer	VERB
ftr-330	316	42	to	to	ADP
ftr-330	316	43	the	the	DET
ftr-330	316	44	person	person	NOUN
ftr-330	316	45	assuming	assume	VERB
ftr-330	316	46	the	the	DET
ftr-330	316	47	liability	liability	NOUN
ftr-330	316	48	,	,	PUNCT
ftr-330	316	49	”	"	PUNCT
ftr-330	316	50	or	or	CCONJ
ftr-330	316	51	(	(	PUNCT
ftr-330	316	52	2	2	NUM
ftr-330	316	53	)	)	PUNCT
ftr-330	316	54	“	"	PUNCT
ftr-330	316	55	substantially	substantially	ADV
ftr-330	316	56	all	all	PRON
ftr-330	316	57	of	of	ADP
ftr-330	316	58	the	the	DET
ftr-330	316	59	assets	asset	NOUN
ftr-330	316	60	with	with	ADP
ftr-330	316	61	which	which	PRON
ftr-330	316	62	the	the	DET
ftr-330	316	63	liability	liability	NOUN
ftr-330	316	64	is	be	AUX
ftr-330	316	65	associated	associate	VERB
ftr-330	316	66	are	be	AUX
ftr-330	316	67	transferred	transfer	VERB
ftr-330	316	68	to	to	ADP
ftr-330	316	69	the	the	DET
ftr-330	316	70	person	person	NOUN
ftr-330	316	71	assuming	assume	VERB
ftr-330	316	72	the	the	DET
ftr-330	316	73	liability	liability	NOUN
ftr-330	316	74	.	.	PUNCT
ftr-330	316	75	”	"	PUNCT
ftr-330	317	1	as	as	SCONJ
ftr-330	317	2	permitted	permit	VERB
ftr-330	317	3	by	by	ADP
ftr-330	317	4	the	the	DET
ftr-330	317	5	statute	statute	NOUN
ftr-330	317	6	,	,	PUNCT
ftr-330	317	7	the	the	DET
ftr-330	317	8	regulations	regulation	NOUN
ftr-330	317	9	narrow	narrow	VERB
ftr-330	317	10	this	this	DET
ftr-330	317	11	exception	exception	NOUN
ftr-330	317	12	by	by	ADP
ftr-330	317	13	providing	provide	VERB
ftr-330	317	14	that	that	SCONJ
ftr-330	317	15	the	the	DET
ftr-330	317	16	exception	exception	NOUN
ftr-330	317	17	for	for	ADP
ftr-330	317	18	a	a	DET
ftr-330	317	19	transfer	transfer	NOUN
ftr-330	317	20	of	of	ADP
ftr-330	317	21	“	"	PUNCT
ftr-330	317	22	substantially	substantially	ADV
ftr-330	317	23	all	all	PRON
ftr-330	317	24	of	of	ADP
ftr-330	317	25	the	the	DET
ftr-330	317	26	assets	asset	NOUN
ftr-330	317	27	with	with	ADP
ftr-330	317	28	which	which	PRON
ftr-330	317	29	the	the	DET
ftr-330	317	30	liability	liability	NOUN
ftr-330	317	31	is	be	AUX
ftr-330	317	32	associated	associate	VERB
ftr-330	317	33	”	"	PUNCT
ftr-330	317	34	to	to	ADP
ftr-330	317	35	the	the	DET
ftr-330	317	36	corporation	corporation	NOUN
ftr-330	317	37	assuming	assume	VERB
ftr-330	317	38	the	the	DET
ftr-330	317	39	liability	liability	NOUN
ftr-330	317	40	is	be	AUX
ftr-330	317	41	inoperative.62	inoperative.62	NOUN
ftr-330	317	42	the	the	DET
ftr-330	317	43	exception	exception	NOUN
ftr-330	317	44	in	in	ADP
ftr-330	317	45	section	section	NOUN
ftr-330	317	46	358(h)(3	358(h)(3	NOUN
ftr-330	317	47	)	)	PUNCT
ftr-330	317	48	does	do	AUX
ftr-330	317	49	not	not	PART
ftr-330	317	50	apply	apply	VERB
ftr-330	317	51	to	to	ADP
ftr-330	317	52	selective	selective	ADJ
ftr-330	317	53	transfers	transfer	NOUN
ftr-330	317	54	of	of	ADP
ftr-330	317	55	assets	asset	NOUN
ftr-330	317	56	that	that	PRON
ftr-330	317	57	may	may	AUX
ftr-330	317	58	bear	bear	VERB
ftr-330	317	59	some	some	DET
ftr-330	317	60	relationship	relationship	NOUN
ftr-330	317	61	to	to	ADP
ftr-330	317	62	the	the	DET
ftr-330	317	63	liability	liability	NOUN
ftr-330	317	64	,	,	PUNCT
ftr-330	317	65	but	but	CCONJ
ftr-330	317	66	do	do	AUX
ftr-330	317	67	not	not	PART
ftr-330	317	68	represent	represent	VERB
ftr-330	317	69	the	the	DET
ftr-330	317	70	full	full	ADJ
ftr-330	317	71	scope	scope	NOUN
ftr-330	317	72	of	of	ADP
ftr-330	317	73	the	the	DET
ftr-330	317	74	trade	trade	NOUN
ftr-330	317	75	or	or	CCONJ
ftr-330	317	76	business	business	NOUN
ftr-330	317	77	(	(	PUNCT
ftr-330	317	78	or	or	CCONJ
ftr-330	317	79	substantially	substantially	ADV
ftr-330	317	80	all	all	DET
ftr-330	317	81	the	the	DET
ftr-330	317	82	assets	asset	NOUN
ftr-330	317	83	)	)	PUNCT
ftr-330	317	84	with	with	ADP
ftr-330	317	85	which	which	PRON
ftr-330	317	86	the	the	DET
ftr-330	317	87	liability	liability	NOUN
ftr-330	317	88	is	be	AUX
ftr-330	317	89	associated	associate	VERB
ftr-330	317	90	.	.	PUNCT
ftr-330	318	1	d.	d.	NOUN
ftr-330	318	2	transfers	transfer	NOUN
ftr-330	318	3	to	to	ADP
ftr-330	318	4	foreign	foreign	ADJ
ftr-330	318	5	corporations	corporation	NOUN
ftr-330	318	6	section	section	NOUN
ftr-330	318	7	367(a	367(a	PROPN
ftr-330	318	8	)	)	PUNCT
ftr-330	318	9	denies	deny	VERB
ftr-330	318	10	nonrecognition	nonrecognition	NOUN
ftr-330	318	11	under	under	ADP
ftr-330	318	12	section	section	NOUN
ftr-330	318	13	351	351	NUM
ftr-330	318	14	for	for	ADP
ftr-330	318	15	transfers	transfer	NOUN
ftr-330	318	16	to	to	ADP
ftr-330	318	17	foreign	foreign	ADJ
ftr-330	318	18	corporations	corporation	NOUN
ftr-330	318	19	.	.	PUNCT
ftr-330	319	1	however	however	ADV
ftr-330	319	2	,	,	PUNCT
ftr-330	319	3	section	section	NOUN
ftr-330	319	4	367(a)(3	367(a)(3	NUM
ftr-330	319	5	)	)	PUNCT
ftr-330	319	6	generally	generally	ADV
ftr-330	319	7	restores	restore	VERB
ftr-330	319	8	the	the	DET
ftr-330	319	9	nonrecognition	nonrecognition	NOUN
ftr-330	319	10	rule	rule	NOUN
ftr-330	319	11	of	of	ADP
ftr-330	319	12	section	section	NOUN
ftr-330	319	13	351	351	NUM
ftr-330	319	14	with	with	ADP
ftr-330	319	15	respect	respect	NOUN
ftr-330	319	16	to	to	ADP
ftr-330	319	17	a	a	DET
ftr-330	319	18	transfer	transfer	NOUN
ftr-330	319	19	of	of	ADP
ftr-330	319	20	property	property	NOUN
ftr-330	319	21	to	to	PART
ftr-330	319	22	be	be	AUX
ftr-330	319	23	used	use	VERB
ftr-330	319	24	in	in	ADP
ftr-330	319	25	the	the	DET
ftr-330	319	26	active	active	ADJ
ftr-330	319	27	conduct	conduct	NOUN
ftr-330	319	28	of	of	ADP
ftr-330	319	29	a	a	DET
ftr-330	319	30	foreign	foreign	ADJ
ftr-330	319	31	trade	trade	NOUN
ftr-330	319	32	or	or	CCONJ
ftr-330	319	33	business.63	business.63	NOUN
ftr-330	319	34	this	this	DET
ftr-330	319	35	exception	exception	NOUN
ftr-330	319	36	is	be	AUX
ftr-330	319	37	in	in	ADP
ftr-330	319	38	fact	fact	NOUN
ftr-330	319	39	of	of	ADP
ftr-330	319	40	limited	limited	ADJ
ftr-330	319	41	use	use	NOUN
ftr-330	319	42	.	.	PUNCT
ftr-330	320	1	although	although	SCONJ
ftr-330	320	2	,	,	PUNCT
ftr-330	320	3	for	for	ADP
ftr-330	320	4	example	example	NOUN
ftr-330	320	5	,	,	PUNCT
ftr-330	320	6	the	the	DET
ftr-330	320	7	transfer	transfer	NOUN
ftr-330	320	8	of	of	ADP
ftr-330	320	9	machinery	machinery	NOUN
ftr-330	320	10	and	and	CCONJ
ftr-330	320	11	equipment	equipment	NOUN
ftr-330	320	12	to	to	ADP
ftr-330	320	13	a	a	DET
ftr-330	320	14	foreign	foreign	ADJ
ftr-330	320	15	subsidiary	subsidiary	NOUN
ftr-330	320	16	to	to	PART
ftr-330	320	17	be	be	AUX
ftr-330	320	18	used	use	VERB
ftr-330	320	19	in	in	ADP
ftr-330	320	20	manufacturing	manufacturing	NOUN
ftr-330	320	21	abroad	abroad	ADV
ftr-330	320	22	initially	initially	ADV
ftr-330	320	23	appears	appear	VERB
ftr-330	320	24	to	to	PART
ftr-330	320	25	be	be	AUX
ftr-330	320	26	tax	tax	NOUN
ftr-330	320	27	-	-	PUNCT
ftr-330	320	28	free	free	ADJ
ftr-330	320	29	,	,	PUNCT
ftr-330	320	30	that	that	DET
ftr-330	320	31	gain	gain	NOUN
ftr-330	320	32	must	must	AUX
ftr-330	320	33	be	be	AUX
ftr-330	320	34	recognized	recognize	VERB
ftr-330	320	35	to	to	ADP
ftr-330	320	36	the	the	DET
ftr-330	320	37	extent	extent	NOUN
ftr-330	320	38	that	that	SCONJ
ftr-330	320	39	depreciation	depreciation	NOUN
ftr-330	320	40	deductions	deduction	NOUN
ftr-330	320	41	have	have	AUX
ftr-330	320	42	been	be	AUX
ftr-330	320	43	taken	take	VERB
ftr-330	320	44	on	on	ADP
ftr-330	320	45	the	the	DET
ftr-330	320	46	property	property	NOUN
ftr-330	320	47	while	while	SCONJ
ftr-330	320	48	the	the	DET
ftr-330	320	49	asset	asset	NOUN
ftr-330	320	50	was	be	AUX
ftr-330	320	51	used	use	VERB
ftr-330	320	52	in	in	ADP
ftr-330	320	53	the	the	DET
ftr-330	320	54	u.s.64	u.s.64	PROPN
ftr-330	320	55	furthermore	furthermore	ADV
ftr-330	320	56	,	,	PUNCT
ftr-330	320	57	the	the	DET
ftr-330	320	58	active	active	ADJ
ftr-330	320	59	trade	trade	NOUN
ftr-330	320	60	or	or	CCONJ
ftr-330	320	61	business	business	NOUN
ftr-330	320	62	exception	exception	NOUN
ftr-330	320	63	does	do	AUX
ftr-330	320	64	not	not	PART
ftr-330	320	65	apply	apply	VERB
ftr-330	320	66	to	to	ADP
ftr-330	320	67	transfers	transfer	NOUN
ftr-330	320	68	of	of	ADP
ftr-330	320	69	inventory	inventory	NOUN
ftr-330	320	70	,	,	PUNCT
ftr-330	320	71	foreign	foreign	ADJ
ftr-330	320	72	currency	currency	NOUN
ftr-330	320	73	,	,	PUNCT
ftr-330	320	74	installment	installment	NOUN
ftr-330	320	75	obligations	obligation	NOUN
ftr-330	320	76	,	,	PUNCT
ftr-330	320	77	or	or	CCONJ
ftr-330	320	78	property	property	NOUN
ftr-330	320	79	leased	lease	VERB
ftr-330	320	80	to	to	ADP
ftr-330	320	81	third	third	ADJ
ftr-330	320	82	persons.65	persons.65	NOUN
ftr-330	320	83	section	section	NOUN
ftr-330	320	84	367(d	367(d	PROPN
ftr-330	320	85	)	)	PUNCT
ftr-330	320	86	provides	provide	VERB
ftr-330	320	87	a	a	DET
ftr-330	320	88	special	special	ADJ
ftr-330	320	89	rule	rule	NOUN
ftr-330	320	90	for	for	ADP
ftr-330	320	91	intangible	intangible	ADJ
ftr-330	320	92	property	property	NOUN
ftr-330	320	93	(	(	PUNCT
ftr-330	320	94	other	other	ADJ
ftr-330	320	95	than	than	ADP
ftr-330	320	96	goodwill	goodwill	NOUN
ftr-330	320	97	and	and	CCONJ
ftr-330	320	98	going	go	VERB
ftr-330	320	99	concern	concern	NOUN
ftr-330	320	100	value	value	NOUN
ftr-330	320	101	)	)	PUNCT
ftr-330	320	102	that	that	PRON
ftr-330	320	103	makes	make	VERB
ftr-330	320	104	most	most	ADJ
ftr-330	320	105	transfers	transfer	NOUN
ftr-330	320	106	of	of	ADP
ftr-330	320	107	62	62	NUM
ftr-330	320	108	.	.	PUNCT
ftr-330	321	1	reg	reg	NOUN
ftr-330	321	2	.	.	PUNCT
ftr-330	322	1	§	§	PROPN
ftr-330	322	2	1.358–5	1.358–5	NUM
ftr-330	322	3	.	.	PUNCT
ftr-330	323	1	63	63	NUM
ftr-330	323	2	.	.	PUNCT
ftr-330	323	3	temp	temp	NOUN
ftr-330	323	4	.	.	PUNCT
ftr-330	324	1	reg	reg	PROPN
ftr-330	324	2	.	.	PUNCT
ftr-330	325	1	§	§	PROPN
ftr-330	325	2	1.367(a)–2	1.367(a)–2	NUM
ftr-330	325	3	t.	t.	NOUN
ftr-330	325	4	the	the	DET
ftr-330	325	5	active	active	ADJ
ftr-330	325	6	trade	trade	NOUN
ftr-330	325	7	or	or	CCONJ
ftr-330	325	8	business	business	NOUN
ftr-330	325	9	exception	exception	NOUN
ftr-330	325	10	does	do	AUX
ftr-330	325	11	not	not	PART
ftr-330	325	12	apply	apply	VERB
ftr-330	325	13	to	to	ADP
ftr-330	325	14	the	the	DET
ftr-330	325	15	incorporation	incorporation	NOUN
ftr-330	325	16	of	of	ADP
ftr-330	325	17	a	a	DET
ftr-330	325	18	foreign	foreign	ADJ
ftr-330	325	19	branch	branch	NOUN
ftr-330	325	20	to	to	ADP
ftr-330	325	21	the	the	DET
ftr-330	325	22	extent	extent	NOUN
ftr-330	325	23	that	that	SCONJ
ftr-330	325	24	the	the	DET
ftr-330	325	25	branch	branch	NOUN
ftr-330	325	26	has	have	AUX
ftr-330	325	27	been	be	AUX
ftr-330	325	28	operating	operate	VERB
ftr-330	325	29	at	at	ADP
ftr-330	325	30	a	a	DET
ftr-330	325	31	loss	loss	NOUN
ftr-330	325	32	in	in	ADP
ftr-330	325	33	prior	prior	ADJ
ftr-330	325	34	years	year	NOUN
ftr-330	325	35	.	.	PUNCT
ftr-330	326	1	in	in	ADP
ftr-330	326	2	effect	effect	NOUN
ftr-330	326	3	the	the	DET
ftr-330	326	4	prior	prior	ADJ
ftr-330	326	5	losses	loss	NOUN
ftr-330	326	6	that	that	PRON
ftr-330	326	7	have	have	AUX
ftr-330	326	8	been	be	AUX
ftr-330	326	9	deducted	deduct	VERB
ftr-330	326	10	for	for	ADP
ftr-330	326	11	u.s	u.s	PROPN
ftr-330	326	12	.	.	PROPN
ftr-330	326	13	tax	tax	NOUN
ftr-330	326	14	purposes	purpose	NOUN
ftr-330	326	15	must	must	AUX
ftr-330	326	16	be	be	AUX
ftr-330	326	17	“	"	PUNCT
ftr-330	326	18	recaptured	recapture	VERB
ftr-330	326	19	”	"	PUNCT
ftr-330	326	20	on	on	ADP
ftr-330	326	21	the	the	DET
ftr-330	326	22	incorporation	incorporation	NOUN
ftr-330	326	23	of	of	ADP
ftr-330	326	24	the	the	DET
ftr-330	326	25	branch	branch	NOUN
ftr-330	326	26	.	.	PUNCT
ftr-330	327	1	i.r.c	i.r.c	NOUN
ftr-330	327	2	.	.	PUNCT
ftr-330	328	1	§	§	PROPN
ftr-330	328	2	367(a)(3)(c	367(a)(3)(c	PROPN
ftr-330	328	3	)	)	PUNCT
ftr-330	328	4	;	;	PUNCT
ftr-330	329	1	temp	temp	NOUN
ftr-330	329	2	.	.	PUNCT
ftr-330	330	1	reg	reg	PROPN
ftr-330	330	2	.	.	PUNCT
ftr-330	331	1	§	§	PROPN
ftr-330	331	2	1.367(a)–6	1.367(a)–6	NUM
ftr-330	331	3	t.	t.	PROPN
ftr-330	331	4	section	section	PROPN
ftr-330	331	5	367(a)(5	367(a)(5	NUM
ftr-330	331	6	)	)	PUNCT
ftr-330	331	7	provides	provide	VERB
ftr-330	331	8	that	that	SCONJ
ftr-330	331	9	the	the	DET
ftr-330	331	10	active	active	ADJ
ftr-330	331	11	trade	trade	NOUN
ftr-330	331	12	or	or	CCONJ
ftr-330	331	13	business	business	NOUN
ftr-330	331	14	exception	exception	NOUN
ftr-330	331	15	does	do	AUX
ftr-330	331	16	not	not	PART
ftr-330	331	17	apply	apply	VERB
ftr-330	331	18	to	to	ADP
ftr-330	331	19	the	the	DET
ftr-330	331	20	transfer	transfer	NOUN
ftr-330	331	21	of	of	ADP
ftr-330	331	22	business	business	NOUN
ftr-330	331	23	assets	asset	NOUN
ftr-330	331	24	to	to	ADP
ftr-330	331	25	a	a	DET
ftr-330	331	26	foreign	foreign	ADJ
ftr-330	331	27	corporation	corporation	NOUN
ftr-330	331	28	in	in	ADP
ftr-330	331	29	a	a	DET
ftr-330	331	30	type	type	NOUN
ftr-330	331	31	(	(	PUNCT
ftr-330	331	32	c	c	NOUN
ftr-330	331	33	)	)	PUNCT
ftr-330	331	34	,	,	PUNCT
ftr-330	331	35	(	(	PUNCT
ftr-330	331	36	d	d	NOUN
ftr-330	331	37	)	)	PUNCT
ftr-330	331	38	,	,	PUNCT
ftr-330	331	39	or	or	CCONJ
ftr-330	331	40	(	(	PUNCT
ftr-330	331	41	f	f	X
ftr-330	331	42	)	)	PUNCT
ftr-330	331	43	reorganization	reorganization	NOUN
ftr-330	331	44	,	,	PUNCT
ftr-330	331	45	unless	unless	SCONJ
ftr-330	331	46	five	five	NUM
ftr-330	331	47	or	or	CCONJ
ftr-330	331	48	fewer	few	ADJ
ftr-330	331	49	corporations	corporation	NOUN
ftr-330	331	50	own	own	VERB
ftr-330	331	51	at	at	ADV
ftr-330	331	52	least	least	ADV
ftr-330	331	53	80	80	NUM
ftr-330	331	54	percent	percent	NOUN
ftr-330	331	55	of	of	ADP
ftr-330	331	56	the	the	DET
ftr-330	331	57	transferee	transferee	PROPN
ftr-330	331	58	foreign	foreign	ADJ
ftr-330	331	59	corporation	corporation	NOUN
ftr-330	331	60	and	and	CCONJ
ftr-330	331	61	certain	certain	ADJ
ftr-330	331	62	conditions	condition	NOUN
ftr-330	331	63	are	be	AUX
ftr-330	331	64	met	meet	VERB
ftr-330	331	65	that	that	PRON
ftr-330	331	66	are	be	AUX
ftr-330	331	67	designed	design	VERB
ftr-330	331	68	to	to	PART
ftr-330	331	69	insure	insure	VERB
ftr-330	331	70	that	that	SCONJ
ftr-330	331	71	gain	gain	VERB
ftr-330	331	72	inherent	inherent	ADJ
ftr-330	331	73	in	in	ADP
ftr-330	331	74	the	the	DET
ftr-330	331	75	assets	asset	NOUN
ftr-330	331	76	remains	remain	VERB
ftr-330	331	77	subject	subject	ADJ
ftr-330	331	78	to	to	ADP
ftr-330	331	79	u.s	u.s	PROPN
ftr-330	331	80	.	.	PROPN
ftr-330	331	81	taxation	taxation	NOUN
ftr-330	331	82	.	.	PUNCT
ftr-330	332	1	64	64	NUM
ftr-330	332	2	.	.	PUNCT
ftr-330	332	3	temp	temp	NOUN
ftr-330	332	4	.	.	PUNCT
ftr-330	333	1	reg	reg	NOUN
ftr-330	333	2	.	.	PUNCT
ftr-330	334	1	§	§	PROPN
ftr-330	334	2	1.367(a)–4t(b	1.367(a)–4t(b	NOUN
ftr-330	334	3	)	)	PUNCT
ftr-330	334	4	.	.	PUNCT
ftr-330	335	1	65	65	NUM
ftr-330	335	2	.	.	PUNCT
ftr-330	335	3	temp	temp	NOUN
ftr-330	335	4	.	.	PUNCT
ftr-330	336	1	regs	regs	PROPN
ftr-330	336	2	.	.	PUNCT
ftr-330	337	1	§	§	PROPN
ftr-330	337	2	§	§	PROPN
ftr-330	337	3	1.367(a)–4	1.367(a)–4	NUM
ftr-330	337	4	t	t	NOUN
ftr-330	337	5	and	and	CCONJ
ftr-330	337	6	–	–	PUNCT
ftr-330	337	7	5t(c	5t(c	NUM
ftr-330	337	8	)	)	PUNCT
ftr-330	337	9	provide	provide	VERB
ftr-330	337	10	detailed	detailed	ADJ
ftr-330	337	11	rules	rule	NOUN
ftr-330	337	12	governing	govern	VERB
ftr-330	337	13	these	these	DET
ftr-330	337	14	exceptions	exception	NOUN
ftr-330	337	15	to	to	ADP
ftr-330	337	16	the	the	DET
ftr-330	337	17	trade	trade	NOUN
ftr-330	337	18	or	or	CCONJ
ftr-330	337	19	business	business	NOUN
ftr-330	337	20	exception	exception	NOUN
ftr-330	337	21	.	.	PUNCT
ftr-330	338	1	2012	2012	NUM
ftr-330	338	2	]	]	PUNCT
ftr-330	338	3	understanding	understand	VERB
ftr-330	338	4	consolidated	consolidated	ADJ
ftr-330	338	5	returns	return	NOUN
ftr-330	338	6	141	141	NUM
ftr-330	338	7	intangible	intangible	ADJ
ftr-330	338	8	assets	asset	NOUN
ftr-330	338	9	taxable	taxable	ADJ
ftr-330	338	10	,	,	PUNCT
ftr-330	338	11	regardless	regardless	ADV
ftr-330	338	12	of	of	ADP
ftr-330	338	13	whether	whether	SCONJ
ftr-330	338	14	or	or	CCONJ
ftr-330	338	15	not	not	PART
ftr-330	338	16	the	the	DET
ftr-330	338	17	intangibles	intangible	NOUN
ftr-330	338	18	are	be	AUX
ftr-330	338	19	to	to	PART
ftr-330	338	20	be	be	AUX
ftr-330	338	21	used	use	VERB
ftr-330	338	22	in	in	ADP
ftr-330	338	23	an	an	DET
ftr-330	338	24	active	active	ADJ
ftr-330	338	25	foreign	foreign	ADJ
ftr-330	338	26	business	business	NOUN
ftr-330	338	27	.	.	PUNCT
ftr-330	339	1	the	the	DET
ftr-330	339	2	income	income	NOUN
ftr-330	339	3	deemed	deem	VERB
ftr-330	339	4	to	to	PART
ftr-330	339	5	be	be	AUX
ftr-330	339	6	realized	realize	VERB
ftr-330	339	7	on	on	ADP
ftr-330	339	8	the	the	DET
ftr-330	339	9	intangible	intangible	ADJ
ftr-330	339	10	transfer	transfer	NOUN
ftr-330	339	11	is	be	AUX
ftr-330	339	12	calculated	calculate	VERB
ftr-330	339	13	as	as	SCONJ
ftr-330	339	14	if	if	SCONJ
ftr-330	339	15	the	the	DET
ftr-330	339	16	intangible	intangible	NOUN
ftr-330	339	17	had	have	AUX
ftr-330	339	18	been	be	AUX
ftr-330	339	19	transferred	transfer	VERB
ftr-330	339	20	for	for	ADP
ftr-330	339	21	a	a	DET
ftr-330	339	22	royalty	royalty	NOUN
ftr-330	339	23	.	.	PUNCT
ftr-330	340	1	the	the	DET
ftr-330	340	2	deemed	deem	VERB
ftr-330	340	3	royalty	royalty	NOUN
ftr-330	340	4	is	be	AUX
ftr-330	340	5	for	for	ADP
ftr-330	340	6	the	the	DET
ftr-330	340	7	lesser	less	ADJ
ftr-330	340	8	of	of	ADP
ftr-330	340	9	the	the	DET
ftr-330	340	10	intangible	intangible	ADJ
ftr-330	340	11	’s	’s	PART
ftr-330	340	12	useful	useful	ADJ
ftr-330	340	13	life	life	NOUN
ftr-330	340	14	or	or	CCONJ
ftr-330	340	15	twenty	twenty	NUM
ftr-330	340	16	years,66	years,66	NOUN
ftr-330	340	17	and	and	CCONJ
ftr-330	340	18	is	be	AUX
ftr-330	340	19	treated	treat	VERB
ftr-330	340	20	as	as	ADP
ftr-330	340	21	foreign	foreign	ADJ
ftr-330	340	22	source	source	NOUN
ftr-330	340	23	income	income	NOUN
ftr-330	340	24	.	.	PUNCT
ftr-330	341	1	the	the	DET
ftr-330	341	2	amount	amount	NOUN
ftr-330	341	3	is	be	AUX
ftr-330	341	4	determined	determine	VERB
ftr-330	341	5	with	with	ADP
ftr-330	341	6	reference	reference	NOUN
ftr-330	341	7	to	to	ADP
ftr-330	341	8	the	the	DET
ftr-330	341	9	transfer	transfer	NOUN
ftr-330	341	10	pricing	pricing	NOUN
ftr-330	341	11	rules	rule	NOUN
ftr-330	341	12	under	under	ADP
ftr-330	341	13	section	section	NOUN
ftr-330	341	14	482.67	482.67	NUM
ftr-330	341	15	if	if	SCONJ
ftr-330	341	16	the	the	DET
ftr-330	341	17	u.s	u.s	PROPN
ftr-330	341	18	.	.	PROPN
ftr-330	341	19	person	person	NOUN
ftr-330	341	20	receiving	receive	VERB
ftr-330	341	21	the	the	DET
ftr-330	341	22	stock	stock	NOUN
ftr-330	341	23	of	of	ADP
ftr-330	341	24	the	the	DET
ftr-330	341	25	foreign	foreign	ADJ
ftr-330	341	26	corporation	corporation	NOUN
ftr-330	341	27	in	in	ADP
ftr-330	341	28	exchange	exchange	NOUN
ftr-330	341	29	for	for	ADP
ftr-330	341	30	the	the	DET
ftr-330	341	31	intangible	intangible	ADJ
ftr-330	341	32	property	property	NOUN
ftr-330	341	33	disposes	dispose	NOUN
ftr-330	341	34	of	of	ADP
ftr-330	341	35	the	the	DET
ftr-330	341	36	stock	stock	NOUN
ftr-330	341	37	to	to	ADP
ftr-330	341	38	any	any	DET
ftr-330	341	39	person	person	NOUN
ftr-330	341	40	,	,	PUNCT
ftr-330	341	41	other	other	ADJ
ftr-330	341	42	than	than	ADP
ftr-330	341	43	certain	certain	ADJ
ftr-330	341	44	related	related	ADJ
ftr-330	341	45	parties	party	NOUN
ftr-330	341	46	,	,	PUNCT
ftr-330	341	47	before	before	ADP
ftr-330	341	48	the	the	DET
ftr-330	341	49	end	end	NOUN
ftr-330	341	50	of	of	ADP
ftr-330	341	51	the	the	DET
ftr-330	341	52	useful	useful	ADJ
ftr-330	341	53	life	life	NOUN
ftr-330	341	54	of	of	ADP
ftr-330	341	55	the	the	DET
ftr-330	341	56	intangible	intangible	ADJ
ftr-330	341	57	property	property	NOUN
ftr-330	341	58	,	,	PUNCT
ftr-330	341	59	the	the	DET
ftr-330	341	60	transferor	transferor	NOUN
ftr-330	341	61	must	must	AUX
ftr-330	341	62	immediately	immediately	ADV
ftr-330	341	63	recognize	recognize	VERB
ftr-330	341	64	the	the	DET
ftr-330	341	65	gain	gain	NOUN
ftr-330	341	66	(	(	PUNCT
ftr-330	341	67	but	but	CCONJ
ftr-330	341	68	may	may	AUX
ftr-330	341	69	not	not	PART
ftr-330	341	70	recognize	recognize	VERB
ftr-330	341	71	loss	loss	NOUN
ftr-330	341	72	)	)	PUNCT
ftr-330	341	73	inherent	inherent	ADJ
ftr-330	341	74	in	in	ADP
ftr-330	341	75	the	the	DET
ftr-330	341	76	intangible	intangible	ADJ
ftr-330	341	77	property	property	NOUN
ftr-330	341	78	(	(	PUNCT
ftr-330	341	79	reduced	reduce	VERB
ftr-330	341	80	by	by	ADP
ftr-330	341	81	any	any	DET
ftr-330	341	82	gain	gain	NOUN
ftr-330	341	83	on	on	ADP
ftr-330	341	84	the	the	DET
ftr-330	341	85	transfer	transfer	NOUN
ftr-330	341	86	of	of	ADP
ftr-330	341	87	the	the	DET
ftr-330	341	88	stock	stock	NOUN
ftr-330	341	89	that	that	PRON
ftr-330	341	90	was	be	AUX
ftr-330	341	91	subject	subject	ADJ
ftr-330	341	92	to	to	ADP
ftr-330	341	93	u.s	u.s	PROPN
ftr-330	341	94	.	.	PROPN
ftr-330	341	95	tax).68	tax).68	DET
ftr-330	341	96	vi	vi	PROPN
ftr-330	341	97	.	.	PROPN
ftr-330	341	98	dividend	dividend	NOUN
ftr-330	341	99	distributions	distribution	NOUN
ftr-330	341	100	:	:	PUNCT
ftr-330	341	101	fundamental	fundamental	ADJ
ftr-330	341	102	rules	rule	NOUN
ftr-330	341	103	a.	a.	NOUN
ftr-330	341	104	generally	generally	ADV
ftr-330	341	105	section	section	VERB
ftr-330	341	106	301(c	301(c	PROPN
ftr-330	341	107	)	)	PUNCT
ftr-330	341	108	requires	require	VERB
ftr-330	341	109	the	the	DET
ftr-330	341	110	inclusion	inclusion	NOUN
ftr-330	341	111	in	in	ADP
ftr-330	341	112	gross	gross	ADJ
ftr-330	341	113	income	income	NOUN
ftr-330	341	114	(	(	PUNCT
ftr-330	341	115	under	under	ADP
ftr-330	341	116	section	section	NOUN
ftr-330	341	117	61(a)(7	61(a)(7	NUM
ftr-330	341	118	)	)	PUNCT
ftr-330	341	119	)	)	PUNCT
ftr-330	341	120	of	of	ADP
ftr-330	341	121	distributions	distribution	NOUN
ftr-330	341	122	received	receive	VERB
ftr-330	341	123	as	as	ADP
ftr-330	341	124	dividends	dividend	NOUN
ftr-330	341	125	.	.	PUNCT
ftr-330	342	1	section	section	NOUN
ftr-330	342	2	316(a	316(a	NUM
ftr-330	342	3	)	)	PUNCT
ftr-330	342	4	defines	define	VERB
ftr-330	342	5	a	a	DET
ftr-330	342	6	dividend	dividend	NOUN
ftr-330	342	7	as	as	ADP
ftr-330	342	8	any	any	DET
ftr-330	342	9	distribution	distribution	NOUN
ftr-330	342	10	to	to	ADP
ftr-330	342	11	a	a	DET
ftr-330	342	12	shareholder	shareholder	NOUN
ftr-330	342	13	if	if	SCONJ
ftr-330	342	14	it	it	PRON
ftr-330	342	15	is	be	AUX
ftr-330	342	16	out	out	ADP
ftr-330	342	17	of	of	ADP
ftr-330	342	18	either	either	CCONJ
ftr-330	342	19	(	(	PUNCT
ftr-330	342	20	1	1	NUM
ftr-330	342	21	)	)	PUNCT
ftr-330	342	22	earnings	earning	NOUN
ftr-330	342	23	and	and	CCONJ
ftr-330	342	24	profits	profit	NOUN
ftr-330	342	25	accumulated	accumulate	VERB
ftr-330	342	26	after	after	ADP
ftr-330	342	27	february	february	PROPN
ftr-330	342	28	28	28	NUM
ftr-330	342	29	,	,	PUNCT
ftr-330	342	30	1913	1913	NUM
ftr-330	342	31	,	,	PUNCT
ftr-330	342	32	or	or	CCONJ
ftr-330	342	33	(	(	PUNCT
ftr-330	342	34	2	2	NUM
ftr-330	342	35	)	)	PUNCT
ftr-330	342	36	earnings	earning	NOUN
ftr-330	342	37	and	and	CCONJ
ftr-330	342	38	profits	profit	NOUN
ftr-330	342	39	of	of	ADP
ftr-330	342	40	the	the	DET
ftr-330	342	41	current	current	ADJ
ftr-330	342	42	year	year	NOUN
ftr-330	342	43	regardless	regardless	ADV
ftr-330	342	44	of	of	ADP
ftr-330	342	45	a	a	DET
ftr-330	342	46	lack	lack	NOUN
ftr-330	342	47	of	of	ADP
ftr-330	342	48	,	,	PUNCT
ftr-330	342	49	or	or	CCONJ
ftr-330	342	50	deficit	deficit	NOUN
ftr-330	342	51	in	in	ADP
ftr-330	342	52	,	,	PUNCT
ftr-330	342	53	accumulated	accumulate	VERB
ftr-330	342	54	earnings	earning	NOUN
ftr-330	342	55	and	and	CCONJ
ftr-330	342	56	profits	profit	NOUN
ftr-330	342	57	.	.	PUNCT
ftr-330	343	1	earnings	earning	NOUN
ftr-330	343	2	and	and	CCONJ
ftr-330	343	3	profits	profit	NOUN
ftr-330	343	4	differ	differ	VERB
ftr-330	343	5	substantially	substantially	ADV
ftr-330	343	6	from	from	ADP
ftr-330	343	7	taxable	taxable	ADJ
ftr-330	343	8	income	income	NOUN
ftr-330	343	9	,	,	PUNCT
ftr-330	343	10	being	be	AUX
ftr-330	343	11	more	more	ADV
ftr-330	343	12	akin	akin	ADJ
ftr-330	343	13	to	to	ADP
ftr-330	343	14	net	net	ADJ
ftr-330	343	15	income	income	NOUN
ftr-330	343	16	in	in	ADP
ftr-330	343	17	a	a	DET
ftr-330	343	18	financial	financial	ADJ
ftr-330	343	19	accounting	accounting	NOUN
ftr-330	343	20	sense	sense	NOUN
ftr-330	343	21	.	.	PUNCT
ftr-330	344	1	but	but	CCONJ
ftr-330	344	2	,	,	PUNCT
ftr-330	344	3	because	because	SCONJ
ftr-330	344	4	some	some	DET
ftr-330	344	5	significant	significant	ADJ
ftr-330	344	6	adjustments	adjustment	NOUN
ftr-330	344	7	to	to	PART
ftr-330	344	8	earned	earn	VERB
ftr-330	344	9	surplus	surplus	NOUN
ftr-330	344	10	in	in	ADP
ftr-330	344	11	the	the	DET
ftr-330	344	12	corporate	corporate	ADJ
ftr-330	344	13	sense	sense	NOUN
ftr-330	344	14	are	be	AUX
ftr-330	344	15	not	not	PART
ftr-330	344	16	taken	take	VERB
ftr-330	344	17	into	into	ADP
ftr-330	344	18	account	account	NOUN
ftr-330	344	19	in	in	ADP
ftr-330	344	20	computing	compute	VERB
ftr-330	344	21	earnings	earning	NOUN
ftr-330	344	22	and	and	CCONJ
ftr-330	344	23	profits	profit	NOUN
ftr-330	344	24	,	,	PUNCT
ftr-330	344	25	it	it	PRON
ftr-330	344	26	is	be	AUX
ftr-330	344	27	not	not	PART
ftr-330	344	28	entirely	entirely	ADV
ftr-330	344	29	accurate	accurate	ADJ
ftr-330	344	30	to	to	PART
ftr-330	344	31	say	say	VERB
ftr-330	344	32	that	that	SCONJ
ftr-330	344	33	the	the	DET
ftr-330	344	34	taxability	taxability	NOUN
ftr-330	344	35	of	of	ADP
ftr-330	344	36	the	the	DET
ftr-330	344	37	shareholder	shareholder	NOUN
ftr-330	344	38	depends	depend	VERB
ftr-330	344	39	essentially	essentially	ADV
ftr-330	344	40	on	on	ADP
ftr-330	344	41	the	the	DET
ftr-330	344	42	earned	earn	VERB
ftr-330	344	43	surplus	surplus	NOUN
ftr-330	344	44	account	account	NOUN
ftr-330	344	45	of	of	ADP
ftr-330	344	46	the	the	DET
ftr-330	344	47	corporation	corporation	NOUN
ftr-330	344	48	.	.	PUNCT
ftr-330	345	1	the	the	DET
ftr-330	345	2	earnings	earning	NOUN
ftr-330	345	3	and	and	CCONJ
ftr-330	345	4	profits	profit	NOUN
ftr-330	345	5	of	of	ADP
ftr-330	345	6	parent	parent	NOUN
ftr-330	345	7	and	and	CCONJ
ftr-330	345	8	subsidiary	subsidiary	NOUN
ftr-330	345	9	corporations	corporation	NOUN
ftr-330	345	10	that	that	PRON
ftr-330	345	11	do	do	AUX
ftr-330	345	12	not	not	PART
ftr-330	345	13	file	file	VERB
ftr-330	345	14	consolidated	consolidated	ADJ
ftr-330	345	15	returns	return	NOUN
ftr-330	345	16	are	be	AUX
ftr-330	345	17	generally	generally	ADV
ftr-330	345	18	not	not	PART
ftr-330	345	19	consolidated	consolidate	VERB
ftr-330	345	20	for	for	ADP
ftr-330	345	21	purposes	purpose	NOUN
ftr-330	345	22	of	of	ADP
ftr-330	345	23	determining	determine	VERB
ftr-330	345	24	whether	whether	SCONJ
ftr-330	345	25	distributions	distribution	NOUN
ftr-330	345	26	by	by	ADP
ftr-330	345	27	the	the	DET
ftr-330	345	28	parent	parent	NOUN
ftr-330	345	29	corporation	corporation	NOUN
ftr-330	345	30	to	to	ADP
ftr-330	345	31	its	its	PRON
ftr-330	345	32	shareholders	shareholder	NOUN
ftr-330	345	33	are	be	AUX
ftr-330	345	34	out	out	ADP
ftr-330	345	35	of	of	ADP
ftr-330	345	36	earnings	earning	NOUN
ftr-330	345	37	and	and	CCONJ
ftr-330	345	38	profits	profit	NOUN
ftr-330	345	39	and	and	CCONJ
ftr-330	345	40	hence	hence	ADV
ftr-330	345	41	taxable	taxable	ADJ
ftr-330	345	42	as	as	ADP
ftr-330	345	43	dividends	dividend	NOUN
ftr-330	345	44	.	.	PUNCT
ftr-330	346	1	as	as	ADP
ftr-330	346	2	a	a	DET
ftr-330	346	3	result	result	NOUN
ftr-330	346	4	,	,	PUNCT
ftr-330	346	5	in	in	ADP
ftr-330	346	6	the	the	DET
ftr-330	346	7	non	non	ADJ
ftr-330	346	8	-	-	ADJ
ftr-330	346	9	consolidated	consolidated	ADJ
ftr-330	346	10	return	return	NOUN
ftr-330	346	11	context	context	NOUN
ftr-330	346	12	,	,	PUNCT
ftr-330	346	13	it	it	PRON
ftr-330	346	14	is	be	AUX
ftr-330	346	15	possible	possible	ADJ
ftr-330	346	16	for	for	SCONJ
ftr-330	346	17	the	the	DET
ftr-330	346	18	parent	parent	NOUN
ftr-330	346	19	corporation	corporation	NOUN
ftr-330	346	20	to	to	PART
ftr-330	346	21	make	make	VERB
ftr-330	346	22	distributions	distribution	NOUN
ftr-330	346	23	to	to	ADP
ftr-330	346	24	its	its	PRON
ftr-330	346	25	shareholders	shareholder	NOUN
ftr-330	346	26	that	that	PRON
ftr-330	346	27	will	will	AUX
ftr-330	346	28	not	not	PART
ftr-330	346	29	be	be	AUX
ftr-330	346	30	treated	treat	VERB
ftr-330	346	31	as	as	ADP
ftr-330	346	32	dividends	dividend	NOUN
ftr-330	346	33	despite	despite	SCONJ
ftr-330	346	34	the	the	DET
ftr-330	346	35	existence	existence	NOUN
ftr-330	346	36	of	of	ADP
ftr-330	346	37	earnings	earning	NOUN
ftr-330	346	38	and	and	CCONJ
ftr-330	346	39	profits	profit	NOUN
ftr-330	346	40	in	in	ADP
ftr-330	346	41	the	the	DET
ftr-330	346	42	66	66	NUM
ftr-330	346	43	.	.	PUNCT
ftr-330	347	1	reg	reg	NOUN
ftr-330	347	2	.	.	PUNCT
ftr-330	348	1	§	§	PROPN
ftr-330	348	2	1.367(d)–1t(c)(3	1.367(d)–1t(c)(3	NUM
ftr-330	348	3	)	)	PUNCT
ftr-330	348	4	.	.	PUNCT
ftr-330	349	1	67	67	NUM
ftr-330	349	2	.	.	PUNCT
ftr-330	350	1	reg	reg	PROPN
ftr-330	350	2	.	.	PUNCT
ftr-330	351	1	§	§	PROPN
ftr-330	351	2	1.367(d)–1t(c)(1	1.367(d)–1t(c)(1	NOUN
ftr-330	351	3	)	)	PUNCT
ftr-330	351	4	.	.	PUNCT
ftr-330	352	1	68	68	NUM
ftr-330	352	2	.	.	PUNCT
ftr-330	353	1	reg	reg	NOUN
ftr-330	353	2	.	.	PUNCT
ftr-330	354	1	§	§	PROPN
ftr-330	354	2	1.367(d)–1t(d	1.367(d)–1t(d	PROPN
ftr-330	354	3	)	)	PUNCT
ftr-330	354	4	,	,	PUNCT
ftr-330	354	5	(	(	PUNCT
ftr-330	354	6	h	h	NOUN
ftr-330	354	7	)	)	PUNCT
ftr-330	354	8	.	.	PUNCT
ftr-330	355	1	the	the	DET
ftr-330	355	2	amount	amount	NOUN
ftr-330	355	3	of	of	ADP
ftr-330	355	4	the	the	DET
ftr-330	355	5	gain	gain	NOUN
ftr-330	355	6	subject	subject	ADJ
ftr-330	355	7	to	to	ADP
ftr-330	355	8	tax	tax	NOUN
ftr-330	355	9	is	be	AUX
ftr-330	355	10	the	the	DET
ftr-330	355	11	excess	excess	NOUN
ftr-330	355	12	of	of	ADP
ftr-330	355	13	the	the	DET
ftr-330	355	14	fair	fair	ADJ
ftr-330	355	15	market	market	NOUN
ftr-330	355	16	value	value	NOUN
ftr-330	355	17	of	of	ADP
ftr-330	355	18	the	the	DET
ftr-330	355	19	intangible	intangible	NOUN
ftr-330	355	20	at	at	ADP
ftr-330	355	21	the	the	DET
ftr-330	355	22	time	time	NOUN
ftr-330	355	23	of	of	ADP
ftr-330	355	24	the	the	DET
ftr-330	355	25	stock	stock	NOUN
ftr-330	355	26	transfer	transfer	NOUN
ftr-330	355	27	over	over	ADP
ftr-330	355	28	the	the	DET
ftr-330	355	29	original	original	ADJ
ftr-330	355	30	transferor	transferor	NOUN
ftr-330	355	31	’s	’s	PART
ftr-330	355	32	basis	basis	NOUN
ftr-330	355	33	in	in	ADP
ftr-330	355	34	the	the	DET
ftr-330	355	35	intangible	intangible	NOUN
ftr-330	355	36	at	at	ADP
ftr-330	355	37	the	the	DET
ftr-330	355	38	time	time	NOUN
ftr-330	355	39	of	of	ADP
ftr-330	355	40	the	the	DET
ftr-330	355	41	original	original	ADJ
ftr-330	355	42	transfer	transfer	NOUN
ftr-330	355	43	,	,	PUNCT
ftr-330	355	44	reduced	reduce	VERB
ftr-330	355	45	,	,	PUNCT
ftr-330	355	46	as	as	SCONJ
ftr-330	355	47	noted	note	VERB
ftr-330	355	48	in	in	ADP
ftr-330	355	49	the	the	DET
ftr-330	355	50	text	text	NOUN
ftr-330	355	51	,	,	PUNCT
ftr-330	355	52	by	by	ADP
ftr-330	355	53	any	any	DET
ftr-330	355	54	gain	gain	NOUN
ftr-330	355	55	on	on	ADP
ftr-330	355	56	the	the	DET
ftr-330	355	57	subsequent	subsequent	ADJ
ftr-330	355	58	transfer	transfer	NOUN
ftr-330	355	59	of	of	ADP
ftr-330	355	60	the	the	DET
ftr-330	355	61	stock	stock	NOUN
ftr-330	355	62	that	that	PRON
ftr-330	355	63	was	be	AUX
ftr-330	355	64	subject	subject	ADJ
ftr-330	355	65	to	to	ADP
ftr-330	355	66	u.s	u.s	PROPN
ftr-330	355	67	.	.	PROPN
ftr-330	355	68	tax	tax	NOUN
ftr-330	355	69	.	.	PUNCT
ftr-330	356	1	reg	reg	NOUN
ftr-330	356	2	.	.	PUNCT
ftr-330	357	1	§	§	PROPN
ftr-330	357	2	1.367(d)–1t(d	1.367(d)–1t(d	PROPN
ftr-330	357	3	)	)	PUNCT
ftr-330	357	4	.	.	PUNCT
ftr-330	358	1	142	142	NUM
ftr-330	358	2	florida	florida	PROPN
ftr-330	358	3	tax	tax	NOUN
ftr-330	358	4	review	review	NOUN
ftr-330	358	5	[	[	X
ftr-330	358	6	vol	vol	NOUN
ftr-330	358	7	.	.	PUNCT
ftr-330	358	8	12:3	12:3	NUM
ftr-330	358	9	subsidiary	subsidiary	NOUN
ftr-330	358	10	corporation	corporation	NOUN
ftr-330	358	11	.	.	PUNCT
ftr-330	359	1	members	member	NOUN
ftr-330	359	2	of	of	ADP
ftr-330	359	3	an	an	DET
ftr-330	359	4	affiliated	affiliated	ADJ
ftr-330	359	5	group	group	NOUN
ftr-330	359	6	of	of	ADP
ftr-330	359	7	corporations	corporation	NOUN
ftr-330	359	8	filing	file	VERB
ftr-330	359	9	consolidated	consolidated	ADJ
ftr-330	359	10	returns	return	NOUN
ftr-330	359	11	do	do	AUX
ftr-330	359	12	combine	combine	VERB
ftr-330	359	13	the	the	DET
ftr-330	359	14	earnings	earning	NOUN
ftr-330	359	15	and	and	CCONJ
ftr-330	359	16	profits	profit	NOUN
ftr-330	359	17	of	of	ADP
ftr-330	359	18	the	the	DET
ftr-330	359	19	group.69	group.69	NOUN
ftr-330	359	20	if	if	SCONJ
ftr-330	359	21	affiliated	affiliated	ADJ
ftr-330	359	22	corporations	corporation	NOUN
ftr-330	359	23	file	file	VERB
ftr-330	359	24	a	a	DET
ftr-330	359	25	consolidated	consolidated	ADJ
ftr-330	359	26	return	return	NOUN
ftr-330	359	27	,	,	PUNCT
ftr-330	359	28	dividends	dividend	NOUN
ftr-330	359	29	received	receive	VERB
ftr-330	359	30	from	from	ADP
ftr-330	359	31	another	another	DET
ftr-330	359	32	member	member	NOUN
ftr-330	359	33	of	of	ADP
ftr-330	359	34	the	the	DET
ftr-330	359	35	group	group	NOUN
ftr-330	359	36	are	be	AUX
ftr-330	359	37	not	not	PART
ftr-330	359	38	included	include	VERB
ftr-330	359	39	in	in	ADP
ftr-330	359	40	gross	gross	ADJ
ftr-330	359	41	income	income	NOUN
ftr-330	359	42	by	by	ADP
ftr-330	359	43	the	the	DET
ftr-330	359	44	recipient	recipient	NOUN
ftr-330	359	45	in	in	ADP
ftr-330	359	46	computing	compute	VERB
ftr-330	359	47	taxable	taxable	ADJ
ftr-330	359	48	income.70	income.70	NOUN
ftr-330	359	49	however	however	ADV
ftr-330	359	50	,	,	PUNCT
ftr-330	359	51	the	the	DET
ftr-330	359	52	corporation	corporation	NOUN
ftr-330	359	53	receiving	receive	VERB
ftr-330	359	54	the	the	DET
ftr-330	359	55	dividend	dividend	NOUN
ftr-330	359	56	must	must	AUX
ftr-330	359	57	reduce	reduce	VERB
ftr-330	359	58	its	its	PRON
ftr-330	359	59	basis	basis	NOUN
ftr-330	359	60	in	in	ADP
ftr-330	359	61	the	the	DET
ftr-330	359	62	stock	stock	NOUN
ftr-330	359	63	of	of	ADP
ftr-330	359	64	the	the	DET
ftr-330	359	65	dividendpaying	dividendpaye	VERB
ftr-330	359	66	corporation	corporation	NOUN
ftr-330	359	67	,	,	PUNCT
ftr-330	359	68	and	and	CCONJ
ftr-330	359	69	the	the	DET
ftr-330	359	70	resulting	result	VERB
ftr-330	359	71	basis	basis	NOUN
ftr-330	359	72	may	may	AUX
ftr-330	359	73	be	be	AUX
ftr-330	359	74	negative.71	negative.71	NOUN
ftr-330	359	75	outside	outside	ADP
ftr-330	359	76	of	of	ADP
ftr-330	359	77	the	the	DET
ftr-330	359	78	consolidated	consolidated	ADJ
ftr-330	359	79	return	return	NOUN
ftr-330	359	80	context	context	NOUN
ftr-330	359	81	,	,	PUNCT
ftr-330	359	82	section	section	NOUN
ftr-330	359	83	243(a)(1	243(a)(1	NUM
ftr-330	359	84	)	)	PUNCT
ftr-330	359	85	provides	provide	VERB
ftr-330	359	86	a	a	DET
ftr-330	359	87	u.s	u.s	PROPN
ftr-330	359	88	.	.	PROPN
ftr-330	359	89	corporation	corporation	NOUN
ftr-330	359	90	that	that	PRON
ftr-330	359	91	is	be	AUX
ftr-330	359	92	a	a	DET
ftr-330	359	93	shareholder	shareholder	NOUN
ftr-330	359	94	in	in	ADP
ftr-330	359	95	another	another	DET
ftr-330	359	96	corporation	corporation	NOUN
ftr-330	359	97	with	with	ADP
ftr-330	359	98	a	a	DET
ftr-330	359	99	deduction	deduction	NOUN
ftr-330	359	100	equal	equal	ADJ
ftr-330	359	101	to	to	ADP
ftr-330	359	102	70	70	NUM
ftr-330	359	103	percent	percent	NOUN
ftr-330	359	104	of	of	ADP
ftr-330	359	105	intercorporate	intercorporate	ADJ
ftr-330	359	106	dividends	dividend	NOUN
ftr-330	359	107	received	receive	VERB
ftr-330	359	108	;	;	PUNCT
ftr-330	359	109	section	section	NOUN
ftr-330	359	110	243(c	243(c	PROPN
ftr-330	359	111	)	)	PUNCT
ftr-330	359	112	increases	increase	VERB
ftr-330	359	113	the	the	DET
ftr-330	359	114	deduction	deduction	NOUN
ftr-330	359	115	to	to	ADP
ftr-330	359	116	80	80	NUM
ftr-330	359	117	percent	percent	NOUN
ftr-330	359	118	if	if	SCONJ
ftr-330	359	119	the	the	DET
ftr-330	359	120	shareholder	shareholder	NOUN
ftr-330	359	121	corporation	corporation	NOUN
ftr-330	359	122	owns	own	VERB
ftr-330	359	123	at	at	ADP
ftr-330	359	124	least	least	ADV
ftr-330	359	125	twenty	twenty	NUM
ftr-330	359	126	percent	percent	NOUN
ftr-330	359	127	of	of	ADP
ftr-330	359	128	the	the	DET
ftr-330	359	129	stock	stock	NOUN
ftr-330	359	130	of	of	ADP
ftr-330	359	131	the	the	DET
ftr-330	359	132	payor	payor	NOUN
ftr-330	359	133	corporation;72	corporation;72	NOUN
ftr-330	359	134	and	and	CCONJ
ftr-330	359	135	section	section	NOUN
ftr-330	359	136	243(a)(3	243(a)(3	NUM
ftr-330	359	137	)	)	PUNCT
ftr-330	359	138	extends	extend	VERB
ftr-330	359	139	this	this	DET
ftr-330	359	140	deduction	deduction	NOUN
ftr-330	359	141	to	to	ADP
ftr-330	359	142	100	100	NUM
ftr-330	359	143	percent	percent	NOUN
ftr-330	359	144	for	for	ADP
ftr-330	359	145	affiliated	affiliated	ADJ
ftr-330	359	146	corporations	corporation	NOUN
ftr-330	359	147	that	that	PRON
ftr-330	359	148	so	so	ADV
ftr-330	359	149	elect.73	elect.73	NOUN
ftr-330	359	150	(	(	PUNCT
ftr-330	359	151	the	the	DET
ftr-330	359	152	test	test	NOUN
ftr-330	359	153	for	for	ADP
ftr-330	359	154	affiliation	affiliation	NOUN
ftr-330	359	155	in	in	ADP
ftr-330	359	156	section	section	NOUN
ftr-330	359	157	1504(a)(2	1504(a)(2	NUM
ftr-330	359	158	)	)	PUNCT
ftr-330	359	159	requires	require	VERB
ftr-330	359	160	the	the	DET
ftr-330	359	161	parent	parent	NOUN
ftr-330	359	162	corporation	corporation	NOUN
ftr-330	359	163	to	to	PART
ftr-330	359	164	own	own	VERB
ftr-330	359	165	both	both	DET
ftr-330	359	166	(	(	PUNCT
ftr-330	359	167	1	1	NUM
ftr-330	359	168	)	)	PUNCT
ftr-330	359	169	80	80	NUM
ftr-330	359	170	percent	percent	NOUN
ftr-330	359	171	or	or	CCONJ
ftr-330	359	172	more	more	ADJ
ftr-330	359	173	of	of	ADP
ftr-330	359	174	the	the	DET
ftr-330	359	175	voting	voting	NOUN
ftr-330	359	176	stock	stock	NOUN
ftr-330	359	177	,	,	PUNCT
ftr-330	359	178	and	and	CCONJ
ftr-330	359	179	(	(	PUNCT
ftr-330	359	180	2	2	NUM
ftr-330	359	181	)	)	PUNCT
ftr-330	359	182	80	80	NUM
ftr-330	359	183	percent	percent	NOUN
ftr-330	359	184	or	or	CCONJ
ftr-330	359	185	more	more	ADJ
ftr-330	359	186	of	of	ADP
ftr-330	359	187	the	the	DET
ftr-330	359	188	total	total	ADJ
ftr-330	359	189	value	value	NOUN
ftr-330	359	190	of	of	ADP
ftr-330	359	191	all	all	DET
ftr-330	359	192	stock	stock	NOUN
ftr-330	359	193	of	of	ADP
ftr-330	359	194	the	the	DET
ftr-330	359	195	subsidiary	subsidiary	NOUN
ftr-330	359	196	corporation	corporation	NOUN
ftr-330	359	197	,	,	PUNCT
ftr-330	359	198	except	except	SCONJ
ftr-330	359	199	that	that	PRON
ftr-330	359	200	pursuant	pursuant	NOUN
ftr-330	359	201	to	to	ADP
ftr-330	359	202	section	section	NOUN
ftr-330	359	203	1504(a)(4	1504(a)(4	NUM
ftr-330	359	204	)	)	PUNCT
ftr-330	359	205	,	,	PUNCT
ftr-330	359	206	nonparticipating	nonparticipating	NOUN
ftr-330	359	207	,	,	PUNCT
ftr-330	359	208	nonconvertible	nonconvertible	ADJ
ftr-330	359	209	,	,	PUNCT
ftr-330	359	210	nonvoting	nonvoting	ADJ
ftr-330	359	211	preferred	preferred	ADJ
ftr-330	359	212	stock	stock	NOUN
ftr-330	359	213	is	be	AUX
ftr-330	359	214	not	not	PART
ftr-330	359	215	counted	count	VERB
ftr-330	359	216	in	in	ADP
ftr-330	359	217	determining	determine	VERB
ftr-330	359	218	control	control	NOUN
ftr-330	359	219	.	.	PUNCT
ftr-330	359	220	)	)	PUNCT
ftr-330	360	1	the	the	DET
ftr-330	360	2	recipient	recipient	NOUN
ftr-330	360	3	corporation	corporation	NOUN
ftr-330	360	4	is	be	AUX
ftr-330	360	5	not	not	PART
ftr-330	360	6	required	require	VERB
ftr-330	360	7	to	to	PART
ftr-330	360	8	reduce	reduce	VERB
ftr-330	360	9	its	its	PRON
ftr-330	360	10	basis	basis	NOUN
ftr-330	360	11	in	in	ADP
ftr-330	360	12	the	the	DET
ftr-330	360	13	stock	stock	NOUN
ftr-330	360	14	of	of	ADP
ftr-330	360	15	the	the	DET
ftr-330	360	16	distributing	distribute	VERB
ftr-330	360	17	corporation	corporation	NOUN
ftr-330	360	18	unless	unless	SCONJ
ftr-330	360	19	the	the	DET
ftr-330	360	20	dividend	dividend	NOUN
ftr-330	360	21	is	be	AUX
ftr-330	360	22	an	an	DET
ftr-330	360	23	“	"	PUNCT
ftr-330	360	24	extraordinary	extraordinary	ADJ
ftr-330	360	25	dividend	dividend	NOUN
ftr-330	360	26	”	"	PUNCT
ftr-330	360	27	as	as	SCONJ
ftr-330	360	28	defined	define	VERB
ftr-330	360	29	in	in	ADP
ftr-330	360	30	section	section	NOUN
ftr-330	360	31	1059.74	1059.74	NUM
ftr-330	360	32	69	69	NUM
ftr-330	360	33	.	.	PUNCT
ftr-330	361	1	reg	reg	NOUN
ftr-330	361	2	.	.	PUNCT
ftr-330	362	1	§	§	PROPN
ftr-330	362	2	1.1502–33	1.1502–33	NUM
ftr-330	362	3	.	.	PROPN
ftr-330	362	4	70	70	NUM
ftr-330	362	5	.	.	PUNCT
ftr-330	363	1	reg	reg	NOUN
ftr-330	363	2	.	.	PUNCT
ftr-330	364	1	§	§	PROPN
ftr-330	364	2	1.1502–13(f)(2)(ii	1.1502–13(f)(2)(ii	NUM
ftr-330	364	3	)	)	PUNCT
ftr-330	364	4	.	.	PUNCT
ftr-330	365	1	71	71	NUM
ftr-330	365	2	.	.	X
ftr-330	366	1	reg	reg	NOUN
ftr-330	366	2	.	.	PUNCT
ftr-330	367	1	§	§	PROPN
ftr-330	367	2	1.1502–32	1.1502–32	NUM
ftr-330	367	3	.	.	PUNCT
ftr-330	367	4	72	72	NUM
ftr-330	367	5	.	.	PUNCT
ftr-330	367	6	section	section	NOUN
ftr-330	367	7	246a	246a	PROPN
ftr-330	367	8	reduces	reduce	VERB
ftr-330	367	9	the	the	DET
ftr-330	367	10	intercorporate	intercorporate	ADJ
ftr-330	367	11	dividend	dividend	NOUN
ftr-330	367	12	received	receive	VERB
ftr-330	367	13	deduction	deduction	NOUN
ftr-330	367	14	under	under	ADP
ftr-330	367	15	§	§	PROPN
ftr-330	367	16	243	243	NUM
ftr-330	367	17	by	by	ADP
ftr-330	367	18	the	the	DET
ftr-330	367	19	percentage	percentage	NOUN
ftr-330	367	20	of	of	ADP
ftr-330	367	21	the	the	DET
ftr-330	367	22	corporation	corporation	NOUN
ftr-330	367	23	’s	’s	PART
ftr-330	367	24	portfolio	portfolio	NOUN
ftr-330	367	25	stock	stock	NOUN
ftr-330	367	26	that	that	PRON
ftr-330	367	27	was	be	AUX
ftr-330	367	28	debt	debt	NOUN
ftr-330	367	29	financed	finance	VERB
ftr-330	367	30	during	during	ADP
ftr-330	367	31	the	the	DET
ftr-330	367	32	applicable	applicable	ADJ
ftr-330	367	33	measuring	measuring	NOUN
ftr-330	367	34	period	period	NOUN
ftr-330	367	35	.	.	PUNCT
ftr-330	368	1	73	73	NUM
ftr-330	368	2	.	.	PUNCT
ftr-330	368	3	section	section	NOUN
ftr-330	368	4	246(c	246(c	PROPN
ftr-330	368	5	)	)	PUNCT
ftr-330	368	6	disallows	disallow	VERB
ftr-330	368	7	the	the	DET
ftr-330	368	8	dividends	dividend	NOUN
ftr-330	368	9	received	receive	VERB
ftr-330	368	10	deduction	deduction	NOUN
ftr-330	368	11	with	with	ADP
ftr-330	368	12	respect	respect	NOUN
ftr-330	368	13	to	to	ADP
ftr-330	368	14	any	any	DET
ftr-330	368	15	dividends	dividend	NOUN
ftr-330	368	16	on	on	ADP
ftr-330	368	17	any	any	DET
ftr-330	368	18	share	share	NOUN
ftr-330	368	19	of	of	ADP
ftr-330	368	20	stock	stock	NOUN
ftr-330	368	21	that	that	PRON
ftr-330	368	22	is	be	AUX
ftr-330	368	23	held	hold	VERB
ftr-330	368	24	for	for	ADP
ftr-330	368	25	less	less	ADJ
ftr-330	368	26	than	than	ADP
ftr-330	368	27	45	45	NUM
ftr-330	368	28	days	day	NOUN
ftr-330	368	29	during	during	ADP
ftr-330	368	30	the	the	DET
ftr-330	368	31	91	91	NUM
ftr-330	368	32	day	day	NOUN
ftr-330	368	33	period	period	NOUN
ftr-330	368	34	beginning	begin	VERB
ftr-330	368	35	on	on	ADP
ftr-330	368	36	the	the	DET
ftr-330	368	37	date	date	NOUN
ftr-330	368	38	that	that	PRON
ftr-330	368	39	is	be	AUX
ftr-330	368	40	45	45	NUM
ftr-330	368	41	days	day	NOUN
ftr-330	368	42	before	before	ADP
ftr-330	368	43	the	the	DET
ftr-330	368	44	date	date	NOUN
ftr-330	368	45	on	on	ADP
ftr-330	368	46	which	which	PRON
ftr-330	368	47	the	the	DET
ftr-330	368	48	stock	stock	NOUN
ftr-330	368	49	becomes	become	VERB
ftr-330	368	50	ex	ex	NOUN
ftr-330	368	51	-	-	NOUN
ftr-330	368	52	dividend	dividend	NOUN
ftr-330	368	53	.	.	PUNCT
ftr-330	369	1	for	for	ADP
ftr-330	369	2	preferred	preferred	ADJ
ftr-330	369	3	stock	stock	NOUN
ftr-330	369	4	,	,	PUNCT
ftr-330	369	5	if	if	SCONJ
ftr-330	369	6	the	the	DET
ftr-330	369	7	dividends	dividend	NOUN
ftr-330	369	8	received	receive	VERB
ftr-330	369	9	are	be	AUX
ftr-330	369	10	attributable	attributable	ADJ
ftr-330	369	11	to	to	ADP
ftr-330	369	12	a	a	DET
ftr-330	369	13	period	period	NOUN
ftr-330	369	14	in	in	ADP
ftr-330	369	15	excess	excess	NOUN
ftr-330	369	16	of	of	ADP
ftr-330	369	17	366	366	NUM
ftr-330	369	18	days	day	NOUN
ftr-330	369	19	,	,	PUNCT
ftr-330	369	20	the	the	DET
ftr-330	369	21	holding	hold	VERB
ftr-330	369	22	period	period	NOUN
ftr-330	369	23	is	be	AUX
ftr-330	369	24	extended	extend	VERB
ftr-330	369	25	to	to	ADP
ftr-330	369	26	91	91	NUM
ftr-330	369	27	days	day	NOUN
ftr-330	369	28	during	during	ADP
ftr-330	369	29	the	the	DET
ftr-330	369	30	181	181	NUM
ftr-330	369	31	day	day	NOUN
ftr-330	369	32	period	period	NOUN
ftr-330	369	33	beginning	begin	VERB
ftr-330	369	34	on	on	ADP
ftr-330	369	35	the	the	DET
ftr-330	369	36	date	date	NOUN
ftr-330	369	37	that	that	PRON
ftr-330	369	38	is	be	AUX
ftr-330	369	39	90	90	NUM
ftr-330	369	40	days	day	NOUN
ftr-330	369	41	before	before	ADP
ftr-330	369	42	the	the	DET
ftr-330	369	43	date	date	NOUN
ftr-330	369	44	on	on	ADP
ftr-330	369	45	which	which	PRON
ftr-330	369	46	the	the	DET
ftr-330	369	47	stock	stock	NOUN
ftr-330	369	48	becomes	become	VERB
ftr-330	369	49	ex	ex	NOUN
ftr-330	369	50	-	-	NOUN
ftr-330	369	51	dividend	dividend	NOUN
ftr-330	369	52	.	.	PUNCT
ftr-330	370	1	74	74	NUM
ftr-330	370	2	.	.	PUNCT
ftr-330	371	1	generally	generally	ADV
ftr-330	371	2	speaking	speak	VERB
ftr-330	371	3	,	,	PUNCT
ftr-330	371	4	section1059	section1059	PROPN
ftr-330	371	5	requires	require	VERB
ftr-330	371	6	that	that	SCONJ
ftr-330	371	7	a	a	DET
ftr-330	371	8	corporate	corporate	ADJ
ftr-330	371	9	shareholder	shareholder	NOUN
ftr-330	371	10	that	that	PRON
ftr-330	371	11	receives	receive	VERB
ftr-330	371	12	an	an	DET
ftr-330	371	13	“	"	PUNCT
ftr-330	371	14	extraordinary	extraordinary	ADJ
ftr-330	371	15	dividend	dividend	NOUN
ftr-330	371	16	”	"	PUNCT
ftr-330	371	17	on	on	ADP
ftr-330	371	18	stock	stock	NOUN
ftr-330	371	19	that	that	PRON
ftr-330	371	20	it	it	PRON
ftr-330	371	21	has	have	AUX
ftr-330	371	22	not	not	PART
ftr-330	371	23	held	hold	VERB
ftr-330	371	24	for	for	ADP
ftr-330	371	25	more	more	ADJ
ftr-330	371	26	than	than	ADP
ftr-330	371	27	two	two	NUM
ftr-330	371	28	years	year	NOUN
ftr-330	371	29	before	before	SCONJ
ftr-330	371	30	the	the	DET
ftr-330	371	31	dividend	dividend	NOUN
ftr-330	371	32	announcement	announcement	NOUN
ftr-330	371	33	date	date	NOUN
ftr-330	371	34	must	must	AUX
ftr-330	371	35	reduce	reduce	VERB
ftr-330	371	36	the	the	DET
ftr-330	371	37	basis	basis	NOUN
ftr-330	371	38	of	of	ADP
ftr-330	371	39	the	the	DET
ftr-330	371	40	stock	stock	NOUN
ftr-330	371	41	(	(	PUNCT
ftr-330	371	42	but	but	CCONJ
ftr-330	371	43	not	not	PART
ftr-330	371	44	below	below	ADP
ftr-330	371	45	zero	zero	NUM
ftr-330	371	46	)	)	PUNCT
ftr-330	371	47	by	by	ADP
ftr-330	371	48	the	the	DET
ftr-330	371	49	amount	amount	NOUN
ftr-330	371	50	of	of	ADP
ftr-330	371	51	the	the	DET
ftr-330	371	52	untaxed	untaxed	ADJ
ftr-330	371	53	portion	portion	NOUN
ftr-330	371	54	of	of	ADP
ftr-330	371	55	the	the	DET
ftr-330	371	56	dividend	dividend	NOUN
ftr-330	371	57	,	,	PUNCT
ftr-330	371	58	i.e.	i.e.	X
ftr-330	371	59	,	,	PUNCT
ftr-330	371	60	the	the	DET
ftr-330	371	61	amount	amount	NOUN
ftr-330	371	62	of	of	ADP
ftr-330	371	63	the	the	DET
ftr-330	371	64	section	section	NOUN
ftr-330	371	65	243	243	NUM
ftr-330	371	66	dividends	dividend	NOUN
ftr-330	371	67	received	receive	VERB
ftr-330	371	68	deduction	deduction	NOUN
ftr-330	371	69	.	.	PUNCT
ftr-330	372	1	if	if	SCONJ
ftr-330	372	2	the	the	DET
ftr-330	372	3	untaxed	untaxed	ADJ
ftr-330	372	4	portion	portion	NOUN
ftr-330	372	5	of	of	ADP
ftr-330	372	6	any	any	DET
ftr-330	372	7	extraordinary	extraordinary	ADJ
ftr-330	372	8	dividend	dividend	NOUN
ftr-330	372	9	exceeds	exceed	VERB
ftr-330	372	10	the	the	DET
ftr-330	372	11	shareholder	shareholder	NOUN
ftr-330	372	12	’s	’s	PART
ftr-330	372	13	basis	basis	NOUN
ftr-330	372	14	for	for	ADP
ftr-330	372	15	the	the	DET
ftr-330	372	16	stock	stock	NOUN
ftr-330	372	17	,	,	PUNCT
ftr-330	372	18	the	the	DET
ftr-330	372	19	excess	excess	NOUN
ftr-330	372	20	is	be	AUX
ftr-330	372	21	taxed	tax	VERB
ftr-330	372	22	as	as	ADP
ftr-330	372	23	gain	gain	NOUN
ftr-330	372	24	on	on	ADP
ftr-330	372	25	the	the	DET
ftr-330	372	26	sale	sale	NOUN
ftr-330	372	27	of	of	ADP
ftr-330	372	28	the	the	DET
ftr-330	372	29	stock	stock	NOUN
ftr-330	372	30	in	in	ADP
ftr-330	372	31	the	the	DET
ftr-330	372	32	taxable	taxable	ADJ
ftr-330	372	33	year	year	NOUN
ftr-330	372	34	in	in	ADP
ftr-330	372	35	which	which	PRON
ftr-330	372	36	the	the	DET
ftr-330	372	37	extraordinary	extraordinary	ADJ
ftr-330	372	38	dividend	dividend	NOUN
ftr-330	372	39	is	be	AUX
ftr-330	372	40	received	receive	VERB
ftr-330	372	41	.	.	PUNCT
ftr-330	373	1	section	section	NOUN
ftr-330	373	2	1059(c	1059(c	NUM
ftr-330	373	3	)	)	PUNCT
ftr-330	373	4	defines	define	VERB
ftr-330	373	5	an	an	DET
ftr-330	373	6	extraordinary	extraordinary	ADJ
ftr-330	373	7	dividend	dividend	NOUN
ftr-330	373	8	in	in	ADP
ftr-330	373	9	terms	term	NOUN
ftr-330	373	10	of	of	ADP
ftr-330	373	11	the	the	DET
ftr-330	373	12	size	size	NOUN
ftr-330	373	13	of	of	ADP
ftr-330	373	14	the	the	DET
ftr-330	373	15	dividend	dividend	NOUN
ftr-330	373	16	in	in	ADP
ftr-330	373	17	relation	relation	NOUN
ftr-330	373	18	to	to	ADP
ftr-330	373	19	the	the	DET
ftr-330	373	20	shareholder	shareholder	NOUN
ftr-330	373	21	's	's	PART
ftr-330	373	22	adjusted	adjusted	ADJ
ftr-330	373	23	basis	basis	NOUN
ftr-330	373	24	in	in	ADP
ftr-330	373	25	its	its	PRON
ftr-330	373	26	stock	stock	NOUN
ftr-330	373	27	,	,	PUNCT
ftr-330	373	28	subject	subject	ADJ
ftr-330	373	29	to	to	ADP
ftr-330	373	30	an	an	DET
ftr-330	373	31	alternative	alternative	ADJ
ftr-330	373	32	test	test	NOUN
ftr-330	373	33	using	use	VERB
ftr-330	373	34	fair	fair	ADJ
ftr-330	373	35	market	market	NOUN
ftr-330	373	36	value	value	NOUN
ftr-330	373	37	instead	instead	ADV
ftr-330	373	38	of	of	ADP
ftr-330	373	39	basis	basis	NOUN
ftr-330	373	40	at	at	ADP
ftr-330	373	41	the	the	DET
ftr-330	373	42	taxpayer	taxpayer	NOUN
ftr-330	373	43	's	's	PART
ftr-330	373	44	2012	2012	NUM
ftr-330	373	45	]	]	PUNCT
ftr-330	373	46	understanding	understand	VERB
ftr-330	373	47	consolidated	consolidated	ADJ
ftr-330	373	48	returns	return	NOUN
ftr-330	373	49	143	143	PROPN
ftr-330	373	50	b.	b.	PROPN
ftr-330	373	51	dividends	dividend	NOUN
ftr-330	373	52	in	in	ADP
ftr-330	373	53	kind	kind	NOUN
ftr-330	373	54	if	if	SCONJ
ftr-330	373	55	a	a	DET
ftr-330	373	56	dividend	dividend	NOUN
ftr-330	373	57	is	be	AUX
ftr-330	373	58	paid	pay	VERB
ftr-330	373	59	in	in	ADP
ftr-330	373	60	property	property	NOUN
ftr-330	373	61	(	(	PUNCT
ftr-330	373	62	other	other	ADJ
ftr-330	373	63	than	than	ADP
ftr-330	373	64	the	the	DET
ftr-330	373	65	corporation	corporation	NOUN
ftr-330	373	66	’s	’s	PART
ftr-330	373	67	own	own	ADJ
ftr-330	373	68	stock	stock	NOUN
ftr-330	373	69	or	or	CCONJ
ftr-330	373	70	promissory	promissory	NOUN
ftr-330	373	71	note	note	NOUN
ftr-330	373	72	)	)	PUNCT
ftr-330	373	73	,	,	PUNCT
ftr-330	373	74	the	the	DET
ftr-330	373	75	distributing	distribute	VERB
ftr-330	373	76	corporation	corporation	NOUN
ftr-330	373	77	must	must	AUX
ftr-330	373	78	recognize	recognize	VERB
ftr-330	373	79	gain	gain	NOUN
ftr-330	373	80	under	under	ADP
ftr-330	373	81	section	section	NOUN
ftr-330	373	82	311(b	311(b	PROPN
ftr-330	373	83	)	)	PUNCT
ftr-330	373	84	as	as	SCONJ
ftr-330	373	85	if	if	SCONJ
ftr-330	373	86	it	it	PRON
ftr-330	373	87	sold	sell	VERB
ftr-330	373	88	the	the	DET
ftr-330	373	89	property	property	NOUN
ftr-330	373	90	to	to	ADP
ftr-330	373	91	the	the	DET
ftr-330	373	92	shareholder	shareholder	NOUN
ftr-330	373	93	at	at	ADP
ftr-330	373	94	fair	fair	ADJ
ftr-330	373	95	market	market	NOUN
ftr-330	373	96	value	value	NOUN
ftr-330	373	97	.	.	PUNCT
ftr-330	374	1	loss	loss	NOUN
ftr-330	374	2	may	may	AUX
ftr-330	374	3	not	not	PART
ftr-330	374	4	be	be	AUX
ftr-330	374	5	recognized.75	recognized.75	ADJ
ftr-330	374	6	the	the	DET
ftr-330	374	7	amount	amount	NOUN
ftr-330	374	8	of	of	ADP
ftr-330	374	9	the	the	DET
ftr-330	374	10	distribution	distribution	NOUN
ftr-330	374	11	,	,	PUNCT
ftr-330	374	12	and	and	CCONJ
ftr-330	374	13	thus	thus	ADV
ftr-330	374	14	potential	potential	ADJ
ftr-330	374	15	dividend	dividend	NOUN
ftr-330	374	16	,	,	PUNCT
ftr-330	374	17	received	receive	VERB
ftr-330	374	18	by	by	ADP
ftr-330	374	19	the	the	DET
ftr-330	374	20	shareholder	shareholder	NOUN
ftr-330	374	21	is	be	AUX
ftr-330	374	22	the	the	DET
ftr-330	374	23	fair	fair	ADJ
ftr-330	374	24	market	market	NOUN
ftr-330	374	25	value	value	NOUN
ftr-330	374	26	of	of	ADP
ftr-330	374	27	the	the	DET
ftr-330	374	28	property	property	NOUN
ftr-330	374	29	.	.	PUNCT
ftr-330	375	1	if	if	SCONJ
ftr-330	375	2	the	the	DET
ftr-330	375	3	shareholder	shareholder	NOUN
ftr-330	375	4	assumes	assume	VERB
ftr-330	375	5	any	any	DET
ftr-330	375	6	liabilities	liability	NOUN
ftr-330	375	7	of	of	ADP
ftr-330	375	8	the	the	DET
ftr-330	375	9	corporation	corporation	NOUN
ftr-330	375	10	in	in	ADP
ftr-330	375	11	connection	connection	NOUN
ftr-330	375	12	with	with	ADP
ftr-330	375	13	the	the	DET
ftr-330	375	14	distribution	distribution	NOUN
ftr-330	375	15	,	,	PUNCT
ftr-330	375	16	section	section	NOUN
ftr-330	375	17	301(b	301(b	PROPN
ftr-330	375	18	)	)	PUNCT
ftr-330	375	19	provides	provide	VERB
ftr-330	375	20	that	that	SCONJ
ftr-330	375	21	the	the	DET
ftr-330	375	22	amount	amount	NOUN
ftr-330	375	23	of	of	ADP
ftr-330	375	24	the	the	DET
ftr-330	375	25	distribution	distribution	NOUN
ftr-330	375	26	is	be	AUX
ftr-330	375	27	reduced	reduce	VERB
ftr-330	375	28	by	by	ADP
ftr-330	375	29	the	the	DET
ftr-330	375	30	amount	amount	NOUN
ftr-330	375	31	of	of	ADP
ftr-330	375	32	the	the	DET
ftr-330	375	33	liabilities	liability	NOUN
ftr-330	375	34	.	.	PUNCT
ftr-330	376	1	the	the	DET
ftr-330	376	2	shareholder	shareholder	NOUN
ftr-330	376	3	’s	’s	PART
ftr-330	376	4	basis	basis	NOUN
ftr-330	376	5	for	for	ADP
ftr-330	376	6	the	the	DET
ftr-330	376	7	property	property	NOUN
ftr-330	376	8	is	be	AUX
ftr-330	376	9	its	its	PRON
ftr-330	376	10	fair	fair	ADJ
ftr-330	376	11	market	market	NOUN
ftr-330	376	12	value	value	NOUN
ftr-330	376	13	,	,	PUNCT
ftr-330	376	14	unreduced	unreduce	VERB
ftr-330	376	15	by	by	ADP
ftr-330	376	16	any	any	DET
ftr-330	376	17	liabilities.76	liabilities.76	NOUN
ftr-330	376	18	within	within	ADP
ftr-330	376	19	consolidated	consolidated	ADJ
ftr-330	376	20	returns	return	NOUN
ftr-330	376	21	,	,	PUNCT
ftr-330	376	22	dividends	dividend	NOUN
ftr-330	376	23	in	in	ADP
ftr-330	376	24	kind	kind	NOUN
ftr-330	376	25	,	,	PUNCT
ftr-330	376	26	and	and	CCONJ
ftr-330	376	27	the	the	DET
ftr-330	376	28	accompanying	accompanying	ADJ
ftr-330	376	29	gain	gain	NOUN
ftr-330	376	30	or	or	CCONJ
ftr-330	376	31	loss	loss	NOUN
ftr-330	376	32	recognition	recognition	NOUN
ftr-330	376	33	,	,	PUNCT
ftr-330	376	34	are	be	AUX
ftr-330	376	35	governed	govern	VERB
ftr-330	376	36	by	by	ADP
ftr-330	376	37	the	the	DET
ftr-330	376	38	intercompany	intercompany	NOUN
ftr-330	376	39	matching	matching	NOUN
ftr-330	376	40	rules	rule	NOUN
ftr-330	376	41	of	of	ADP
ftr-330	376	42	treasury	treasury	NOUN
ftr-330	376	43	regulation	regulation	NOUN
ftr-330	376	44	section	section	NOUN
ftr-330	376	45	1.1502	1.1502	NUM
ftr-330	376	46	-	-	SYM
ftr-330	376	47	13	13	NUM
ftr-330	376	48	,	,	PUNCT
ftr-330	376	49	resulting	result	VERB
ftr-330	376	50	in	in	ADP
ftr-330	376	51	deferral	deferral	NOUN
ftr-330	376	52	of	of	ADP
ftr-330	376	53	gain	gain	NOUN
ftr-330	376	54	or	or	CCONJ
ftr-330	376	55	loss	loss	NOUN
ftr-330	376	56	recognition	recognition	NOUN
ftr-330	376	57	,	,	PUNCT
ftr-330	376	58	as	as	SCONJ
ftr-330	376	59	discussed	discuss	VERB
ftr-330	376	60	below.77	below.77	PROPN
ftr-330	376	61	election	election	NOUN
ftr-330	376	62	.	.	PUNCT
ftr-330	377	1	a	a	DET
ftr-330	377	2	dividend	dividend	NOUN
ftr-330	377	3	is	be	AUX
ftr-330	377	4	extraordinary	extraordinary	ADJ
ftr-330	377	5	if	if	SCONJ
ftr-330	377	6	aggregate	aggregate	ADJ
ftr-330	377	7	dividends	dividend	NOUN
ftr-330	377	8	received	receive	VERB
ftr-330	377	9	in	in	ADP
ftr-330	377	10	any	any	DET
ftr-330	377	11	85	85	NUM
ftr-330	377	12	-	-	PUNCT
ftr-330	377	13	day	day	NOUN
ftr-330	377	14	period	period	NOUN
ftr-330	377	15	exceed	exceed	VERB
ftr-330	377	16	10	10	NUM
ftr-330	377	17	percent	percent	NOUN
ftr-330	377	18	of	of	ADP
ftr-330	377	19	the	the	DET
ftr-330	377	20	basis	basis	NOUN
ftr-330	377	21	of	of	ADP
ftr-330	377	22	common	common	ADJ
ftr-330	377	23	stock	stock	NOUN
ftr-330	377	24	,	,	PUNCT
ftr-330	377	25	or	or	CCONJ
ftr-330	377	26	5	5	NUM
ftr-330	377	27	percent	percent	NOUN
ftr-330	377	28	of	of	ADP
ftr-330	377	29	the	the	DET
ftr-330	377	30	basis	basis	NOUN
ftr-330	377	31	of	of	ADP
ftr-330	377	32	preferred	preferred	ADJ
ftr-330	377	33	stock	stock	NOUN
ftr-330	377	34	,	,	PUNCT
ftr-330	377	35	with	with	ADP
ftr-330	377	36	respect	respect	NOUN
ftr-330	377	37	to	to	ADP
ftr-330	377	38	which	which	PRON
ftr-330	377	39	the	the	DET
ftr-330	377	40	dividends	dividend	NOUN
ftr-330	377	41	were	be	AUX
ftr-330	377	42	paid	pay	VERB
ftr-330	377	43	.	.	PUNCT
ftr-330	378	1	furthermore	furthermore	ADV
ftr-330	378	2	,	,	PUNCT
ftr-330	378	3	if	if	SCONJ
ftr-330	378	4	aggregate	aggregate	ADJ
ftr-330	378	5	dividends	dividend	NOUN
ftr-330	378	6	paid	pay	VERB
ftr-330	378	7	with	with	ADP
ftr-330	378	8	respect	respect	NOUN
ftr-330	378	9	to	to	ADP
ftr-330	378	10	stock	stock	NOUN
ftr-330	378	11	in	in	ADP
ftr-330	378	12	any	any	DET
ftr-330	378	13	one	one	NUM
ftr-330	378	14	year	year	NOUN
ftr-330	378	15	period	period	NOUN
ftr-330	378	16	exceed	exceed	VERB
ftr-330	378	17	20	20	NUM
ftr-330	378	18	percent	percent	NOUN
ftr-330	378	19	of	of	ADP
ftr-330	378	20	the	the	DET
ftr-330	378	21	corporate	corporate	ADJ
ftr-330	378	22	shareholder	shareholder	NOUN
ftr-330	378	23	's	's	PART
ftr-330	378	24	basis	basis	NOUN
ftr-330	378	25	for	for	ADP
ftr-330	378	26	the	the	DET
ftr-330	378	27	stock	stock	NOUN
ftr-330	378	28	,	,	PUNCT
ftr-330	378	29	then	then	ADV
ftr-330	378	30	all	all	DET
ftr-330	378	31	such	such	ADJ
ftr-330	378	32	dividends	dividend	NOUN
ftr-330	378	33	are	be	AUX
ftr-330	378	34	aggregated	aggregate	VERB
ftr-330	378	35	and	and	CCONJ
ftr-330	378	36	considered	consider	VERB
ftr-330	378	37	to	to	PART
ftr-330	378	38	be	be	AUX
ftr-330	378	39	an	an	DET
ftr-330	378	40	extraordinary	extraordinary	ADJ
ftr-330	378	41	dividend	dividend	NOUN
ftr-330	378	42	.	.	PUNCT
ftr-330	379	1	certain	certain	ADJ
ftr-330	379	2	distributions	distribution	NOUN
ftr-330	379	3	are	be	AUX
ftr-330	379	4	treated	treat	VERB
ftr-330	379	5	as	as	ADP
ftr-330	379	6	per	per	X
ftr-330	379	7	se	se	X
ftr-330	379	8	extraordinary	extraordinary	ADJ
ftr-330	379	9	dividends	dividend	NOUN
ftr-330	379	10	.	.	PUNCT
ftr-330	380	1	distributions	distribution	NOUN
ftr-330	380	2	to	to	ADP
ftr-330	380	3	a	a	DET
ftr-330	380	4	corporate	corporate	ADJ
ftr-330	380	5	shareholder	shareholder	NOUN
ftr-330	380	6	that	that	PRON
ftr-330	380	7	has	have	AUX
ftr-330	380	8	held	hold	VERB
ftr-330	380	9	the	the	DET
ftr-330	380	10	stock	stock	NOUN
ftr-330	380	11	of	of	ADP
ftr-330	380	12	the	the	DET
ftr-330	380	13	distributing	distribute	VERB
ftr-330	380	14	corporation	corporation	NOUN
ftr-330	380	15	for	for	ADP
ftr-330	380	16	the	the	DET
ftr-330	380	17	entire	entire	ADJ
ftr-330	380	18	period	period	NOUN
ftr-330	380	19	the	the	DET
ftr-330	380	20	distributing	distribute	VERB
ftr-330	380	21	corporation	corporation	NOUN
ftr-330	380	22	has	have	AUX
ftr-330	380	23	been	be	AUX
ftr-330	380	24	in	in	ADP
ftr-330	380	25	existence	existence	NOUN
ftr-330	380	26	are	be	AUX
ftr-330	380	27	exempt	exempt	ADJ
ftr-330	380	28	.	.	PUNCT
ftr-330	381	1	i.r.c	i.r.c	NOUN
ftr-330	381	2	.	.	PUNCT
ftr-330	382	1	§	§	PROPN
ftr-330	382	2	1059(d)(6	1059(d)(6	NUM
ftr-330	382	3	)	)	PUNCT
ftr-330	382	4	.	.	PUNCT
ftr-330	383	1	the	the	DET
ftr-330	383	2	basis	basis	NOUN
ftr-330	383	3	reduction	reduction	NOUN
ftr-330	383	4	rules	rule	NOUN
ftr-330	383	5	do	do	AUX
ftr-330	383	6	not	not	PART
ftr-330	383	7	apply	apply	VERB
ftr-330	383	8	to	to	ADP
ftr-330	383	9	distributions	distribution	NOUN
ftr-330	383	10	between	between	ADP
ftr-330	383	11	members	member	NOUN
ftr-330	383	12	of	of	ADP
ftr-330	383	13	an	an	DET
ftr-330	383	14	affiliated	affiliated	ADJ
ftr-330	383	15	group	group	NOUN
ftr-330	383	16	filing	file	VERB
ftr-330	383	17	consolidated	consolidated	ADJ
ftr-330	383	18	returns	return	NOUN
ftr-330	383	19	or	or	CCONJ
ftr-330	383	20	to	to	ADP
ftr-330	383	21	distributions	distribution	NOUN
ftr-330	383	22	that	that	PRON
ftr-330	383	23	constitute	constitute	VERB
ftr-330	383	24	qualifying	qualify	VERB
ftr-330	383	25	dividends	dividend	NOUN
ftr-330	383	26	within	within	ADP
ftr-330	383	27	the	the	DET
ftr-330	383	28	meaning	meaning	NOUN
ftr-330	383	29	of	of	ADP
ftr-330	383	30	section	section	NOUN
ftr-330	383	31	243(b)(1	243(b)(1	PROPN
ftr-330	383	32	)	)	PUNCT
ftr-330	383	33	,	,	PUNCT
ftr-330	383	34	except	except	SCONJ
ftr-330	383	35	to	to	ADP
ftr-330	383	36	the	the	DET
ftr-330	383	37	extent	extent	NOUN
ftr-330	383	38	the	the	DET
ftr-330	383	39	dividends	dividend	NOUN
ftr-330	383	40	are	be	AUX
ftr-330	383	41	attributable	attributable	ADJ
ftr-330	383	42	to	to	ADP
ftr-330	383	43	pre	pre	ADJ
ftr-330	383	44	-	-	ADJ
ftr-330	383	45	affiliation	affiliation	ADJ
ftr-330	383	46	earnings	earning	NOUN
ftr-330	383	47	or	or	CCONJ
ftr-330	383	48	appreciation	appreciation	NOUN
ftr-330	383	49	of	of	ADP
ftr-330	383	50	the	the	DET
ftr-330	383	51	payor	payor	NOUN
ftr-330	383	52	corporation	corporation	NOUN
ftr-330	383	53	.	.	PUNCT
ftr-330	384	1	i.r.c	i.r.c	NOUN
ftr-330	384	2	.	.	PUNCT
ftr-330	385	1	§	§	PROPN
ftr-330	385	2	1059(e)(2	1059(e)(2	NUM
ftr-330	385	3	)	)	PUNCT
ftr-330	385	4	.	.	PUNCT
ftr-330	386	1	any	any	DET
ftr-330	386	2	distribution	distribution	NOUN
ftr-330	386	3	(	(	PUNCT
ftr-330	386	4	without	without	ADP
ftr-330	386	5	regard	regard	NOUN
ftr-330	386	6	to	to	ADP
ftr-330	386	7	the	the	DET
ftr-330	386	8	holding	hold	VERB
ftr-330	386	9	period	period	NOUN
ftr-330	386	10	for	for	ADP
ftr-330	386	11	the	the	DET
ftr-330	386	12	stock	stock	NOUN
ftr-330	386	13	or	or	CCONJ
ftr-330	386	14	the	the	DET
ftr-330	386	15	relative	relative	ADJ
ftr-330	386	16	magnitude	magnitude	NOUN
ftr-330	386	17	of	of	ADP
ftr-330	386	18	the	the	DET
ftr-330	386	19	distribution	distribution	NOUN
ftr-330	386	20	)	)	PUNCT
ftr-330	386	21	to	to	ADP
ftr-330	386	22	a	a	DET
ftr-330	386	23	corporate	corporate	ADJ
ftr-330	386	24	shareholder	shareholder	NOUN
ftr-330	386	25	(	(	PUNCT
ftr-330	386	26	1	1	NUM
ftr-330	386	27	)	)	PUNCT
ftr-330	386	28	in	in	ADP
ftr-330	386	29	partial	partial	ADJ
ftr-330	386	30	liquidation	liquidation	NOUN
ftr-330	386	31	of	of	ADP
ftr-330	386	32	the	the	DET
ftr-330	386	33	distributing	distribute	VERB
ftr-330	386	34	corporation	corporation	NOUN
ftr-330	386	35	(	(	PUNCT
ftr-330	386	36	as	as	SCONJ
ftr-330	386	37	defined	define	VERB
ftr-330	386	38	in	in	ADP
ftr-330	386	39	section	section	NOUN
ftr-330	386	40	302(e	302(e	PROPN
ftr-330	386	41	)	)	PUNCT
ftr-330	386	42	)	)	PUNCT
ftr-330	386	43	,	,	PUNCT
ftr-330	386	44	or	or	CCONJ
ftr-330	386	45	(	(	PUNCT
ftr-330	386	46	2	2	X
ftr-330	386	47	)	)	PUNCT
ftr-330	386	48	that	that	PRON
ftr-330	386	49	is	be	AUX
ftr-330	386	50	a	a	DET
ftr-330	386	51	non	non	ADJ
ftr-330	386	52	-	-	ADJ
ftr-330	386	53	pro	pro	ADJ
ftr-330	386	54	rata	rata	ADJ
ftr-330	386	55	redemption	redemption	NOUN
ftr-330	386	56	is	be	AUX
ftr-330	386	57	treated	treat	VERB
ftr-330	386	58	as	as	ADP
ftr-330	386	59	an	an	DET
ftr-330	386	60	extraordinary	extraordinary	ADJ
ftr-330	386	61	distribution	distribution	NOUN
ftr-330	386	62	.	.	PUNCT
ftr-330	387	1	i.r.c	i.r.c	NOUN
ftr-330	387	2	.	.	PUNCT
ftr-330	388	1	§	§	PROPN
ftr-330	388	2	1059(e)(1	1059(e)(1	NUM
ftr-330	388	3	)	)	PUNCT
ftr-330	388	4	.	.	PUNCT
ftr-330	389	1	the	the	DET
ftr-330	389	2	section	section	NOUN
ftr-330	389	3	1059(d)(6	1059(d)(6	NUM
ftr-330	389	4	)	)	PUNCT
ftr-330	389	5	and	and	CCONJ
ftr-330	389	6	section	section	NOUN
ftr-330	389	7	1059(e)(2	1059(e)(2	NOUN
ftr-330	389	8	)	)	PUNCT
ftr-330	389	9	exceptions	exception	NOUN
ftr-330	389	10	do	do	AUX
ftr-330	389	11	not	not	PART
ftr-330	389	12	apply	apply	VERB
ftr-330	389	13	to	to	ADP
ftr-330	389	14	distributions	distribution	NOUN
ftr-330	389	15	in	in	ADP
ftr-330	389	16	partial	partial	ADJ
ftr-330	389	17	liquidations	liquidation	NOUN
ftr-330	389	18	or	or	CCONJ
ftr-330	389	19	non	non	ADJ
ftr-330	389	20	pro	pro	ADJ
ftr-330	389	21	rata	rata	ADJ
ftr-330	389	22	redemptions	redemption	NOUN
ftr-330	389	23	treated	treat	VERB
ftr-330	389	24	as	as	ADP
ftr-330	389	25	extraordinary	extraordinary	ADJ
ftr-330	389	26	dividends	dividend	NOUN
ftr-330	389	27	under	under	ADP
ftr-330	389	28	section	section	NOUN
ftr-330	389	29	1059(e)(1	1059(e)(1	NUM
ftr-330	389	30	)	)	PUNCT
ftr-330	389	31	.	.	PUNCT
ftr-330	390	1	reg	reg	NOUN
ftr-330	390	2	.	.	PUNCT
ftr-330	391	1	§	§	PROPN
ftr-330	391	2	1.1059(e)–1	1.1059(e)–1	NUM
ftr-330	391	3	.	.	PUNCT
ftr-330	391	4	75	75	NUM
ftr-330	391	5	.	.	PUNCT
ftr-330	391	6	i.r.c	i.r.c	NOUN
ftr-330	391	7	.	.	PUNCT
ftr-330	392	1	§	§	PROPN
ftr-330	392	2	311(a	311(a	PROPN
ftr-330	392	3	)	)	PUNCT
ftr-330	392	4	.	.	PUNCT
ftr-330	393	1	76	76	NUM
ftr-330	393	2	.	.	PUNCT
ftr-330	393	3	i.r.c	i.r.c	NOUN
ftr-330	393	4	.	.	PUNCT
ftr-330	394	1	§	§	PROPN
ftr-330	394	2	301(d	301(d	PROPN
ftr-330	394	3	)	)	PUNCT
ftr-330	394	4	.	.	PUNCT
ftr-330	395	1	77	77	NUM
ftr-330	395	2	.	.	PUNCT
ftr-330	396	1	see	see	VERB
ftr-330	396	2	infra	infra	NOUN
ftr-330	396	3	part	part	NOUN
ftr-330	396	4	ix.b	ix.b	NOUN
ftr-330	396	5	.	.	PUNCT
ftr-330	397	1	144	144	NUM
ftr-330	397	2	florida	florida	PROPN
ftr-330	397	3	tax	tax	PROPN
ftr-330	397	4	review	review	NOUN
ftr-330	397	5	[	[	X
ftr-330	397	6	vol	vol	NOUN
ftr-330	397	7	.	.	PUNCT
ftr-330	398	1	12:3	12:3	NUM
ftr-330	398	2	vii	vii	PROPN
ftr-330	398	3	.	.	PUNCT
ftr-330	399	1	investment	investment	NOUN
ftr-330	399	2	adjustments	adjustment	NOUN
ftr-330	399	3	a.	a.	NOUN
ftr-330	399	4	stock	stock	PROPN
ftr-330	399	5	basis	basis	NOUN
ftr-330	399	6	each	each	DET
ftr-330	399	7	member	member	NOUN
ftr-330	399	8	of	of	ADP
ftr-330	399	9	the	the	DET
ftr-330	399	10	group	group	NOUN
ftr-330	399	11	owning	own	VERB
ftr-330	399	12	stock	stock	NOUN
ftr-330	399	13	in	in	ADP
ftr-330	399	14	another	another	DET
ftr-330	399	15	member	member	NOUN
ftr-330	399	16	of	of	ADP
ftr-330	399	17	the	the	DET
ftr-330	399	18	group	group	NOUN
ftr-330	399	19	must	must	AUX
ftr-330	399	20	adjust	adjust	VERB
ftr-330	399	21	its	its	PRON
ftr-330	399	22	basis	basis	NOUN
ftr-330	399	23	for	for	SCONJ
ftr-330	399	24	that	that	DET
ftr-330	399	25	stock	stock	NOUN
ftr-330	399	26	to	to	PART
ftr-330	399	27	account	account	VERB
ftr-330	399	28	for	for	ADP
ftr-330	399	29	income	income	NOUN
ftr-330	399	30	,	,	PUNCT
ftr-330	399	31	losses	loss	NOUN
ftr-330	399	32	and	and	CCONJ
ftr-330	399	33	other	other	ADJ
ftr-330	399	34	items	item	NOUN
ftr-330	399	35	attributable	attributable	ADJ
ftr-330	399	36	to	to	ADP
ftr-330	399	37	the	the	DET
ftr-330	399	38	subsidiary	subsidiary	NOUN
ftr-330	399	39	that	that	PRON
ftr-330	399	40	are	be	AUX
ftr-330	399	41	reflected	reflect	VERB
ftr-330	399	42	in	in	ADP
ftr-330	399	43	consolidated	consolidated	ADJ
ftr-330	399	44	taxable	taxable	ADJ
ftr-330	399	45	income.78	income.78	NOUN
ftr-330	399	46	the	the	DET
ftr-330	399	47	purpose	purpose	NOUN
ftr-330	399	48	of	of	ADP
ftr-330	399	49	the	the	DET
ftr-330	399	50	investment	investment	NOUN
ftr-330	399	51	adjustment	adjustment	NOUN
ftr-330	399	52	rule	rule	NOUN
ftr-330	399	53	is	be	AUX
ftr-330	399	54	to	to	PART
ftr-330	399	55	prevent	prevent	VERB
ftr-330	399	56	gain	gain	NOUN
ftr-330	399	57	or	or	CCONJ
ftr-330	399	58	loss	loss	NOUN
ftr-330	399	59	which	which	PRON
ftr-330	399	60	has	have	AUX
ftr-330	399	61	been	be	AUX
ftr-330	399	62	recognized	recognize	VERB
ftr-330	399	63	by	by	ADP
ftr-330	399	64	the	the	DET
ftr-330	399	65	subsidiary	subsidiary	NOUN
ftr-330	399	66	from	from	ADP
ftr-330	399	67	being	be	AUX
ftr-330	399	68	recognized	recognize	VERB
ftr-330	399	69	a	a	DET
ftr-330	399	70	second	second	ADJ
ftr-330	399	71	time	time	NOUN
ftr-330	399	72	as	as	ADP
ftr-330	399	73	investment	investment	NOUN
ftr-330	399	74	gain	gain	NOUN
ftr-330	399	75	or	or	CCONJ
ftr-330	399	76	loss	loss	NOUN
ftr-330	399	77	by	by	ADP
ftr-330	399	78	the	the	DET
ftr-330	399	79	parent	parent	NOUN
ftr-330	399	80	upon	upon	SCONJ
ftr-330	399	81	disposition	disposition	NOUN
ftr-330	399	82	of	of	ADP
ftr-330	399	83	the	the	DET
ftr-330	399	84	subsidiary	subsidiary	NOUN
ftr-330	399	85	’s	’s	PART
ftr-330	399	86	stock	stock	NOUN
ftr-330	399	87	.	.	PUNCT
ftr-330	400	1	these	these	DET
ftr-330	400	2	rules	rule	NOUN
ftr-330	400	3	treat	treat	VERB
ftr-330	400	4	the	the	DET
ftr-330	400	5	consolidated	consolidated	ADJ
ftr-330	400	6	group	group	NOUN
ftr-330	400	7	as	as	ADP
ftr-330	400	8	a	a	DET
ftr-330	400	9	single	single	ADJ
ftr-330	400	10	entity	entity	NOUN
ftr-330	400	11	by	by	ADP
ftr-330	400	12	accounting	account	VERB
ftr-330	400	13	for	for	ADP
ftr-330	400	14	gains	gain	NOUN
ftr-330	400	15	and	and	CCONJ
ftr-330	400	16	losses	loss	NOUN
ftr-330	400	17	within	within	ADP
ftr-330	400	18	the	the	DET
ftr-330	400	19	consolidated	consolidated	ADJ
ftr-330	400	20	group	group	NOUN
ftr-330	400	21	only	only	ADV
ftr-330	400	22	once	once	ADV
ftr-330	400	23	.	.	PUNCT
ftr-330	401	1	a	a	DET
ftr-330	401	2	parent	parent	NOUN
ftr-330	401	3	corporation	corporation	NOUN
ftr-330	401	4	’s	’s	PART
ftr-330	401	5	basis	basis	NOUN
ftr-330	401	6	in	in	ADP
ftr-330	401	7	the	the	DET
ftr-330	401	8	stock	stock	NOUN
ftr-330	401	9	of	of	ADP
ftr-330	401	10	its	its	PRON
ftr-330	401	11	consolidated	consolidated	ADJ
ftr-330	401	12	subsidiary	subsidiary	NOUN
ftr-330	401	13	is	be	AUX
ftr-330	401	14	increased	increase	VERB
ftr-330	401	15	or	or	CCONJ
ftr-330	401	16	decreased	decrease	VERB
ftr-330	401	17	annually	annually	ADV
ftr-330	401	18	by	by	ADP
ftr-330	401	19	the	the	DET
ftr-330	401	20	net	net	ADJ
ftr-330	401	21	amount	amount	NOUN
ftr-330	401	22	of	of	ADP
ftr-330	401	23	the	the	DET
ftr-330	401	24	subsidiary	subsidiary	NOUN
ftr-330	401	25	’s	’s	PART
ftr-330	401	26	taxable	taxable	ADJ
ftr-330	401	27	income	income	NOUN
ftr-330	401	28	or	or	CCONJ
ftr-330	401	29	loss	loss	NOUN
ftr-330	401	30	,	,	PUNCT
ftr-330	401	31	tax	tax	NOUN
ftr-330	401	32	exempt	exempt	ADJ
ftr-330	401	33	income	income	NOUN
ftr-330	401	34	,	,	PUNCT
ftr-330	401	35	nondeductible	nondeductible	ADJ
ftr-330	401	36	noncapital	noncapital	ADJ
ftr-330	401	37	expenses	expense	NOUN
ftr-330	401	38	,	,	PUNCT
ftr-330	401	39	and	and	CCONJ
ftr-330	401	40	distributions	distribution	NOUN
ftr-330	401	41	to	to	ADP
ftr-330	401	42	the	the	DET
ftr-330	401	43	parent	parent	NOUN
ftr-330	401	44	corporation.79	corporation.79	VERB
ftr-330	401	45	(	(	PUNCT
ftr-330	401	46	this	this	DET
ftr-330	401	47	rule	rule	NOUN
ftr-330	401	48	applies	apply	VERB
ftr-330	401	49	with	with	ADP
ftr-330	401	50	respect	respect	NOUN
ftr-330	401	51	to	to	ADP
ftr-330	401	52	both	both	CCONJ
ftr-330	401	53	the	the	DET
ftr-330	401	54	common	common	ADJ
ftr-330	401	55	parent	parent	NOUN
ftr-330	401	56	and	and	CCONJ
ftr-330	401	57	subsidiaries	subsidiary	NOUN
ftr-330	401	58	that	that	PRON
ftr-330	401	59	are	be	AUX
ftr-330	401	60	in	in	ADP
ftr-330	401	61	turn	turn	NOUN
ftr-330	401	62	parents	parent	NOUN
ftr-330	401	63	of	of	ADP
ftr-330	401	64	lower	low	ADJ
ftr-330	401	65	-	-	PUNCT
ftr-330	401	66	tier	tier	NOUN
ftr-330	401	67	subsidiaries	subsidiary	NOUN
ftr-330	401	68	.	.	PUNCT
ftr-330	401	69	)	)	PUNCT
ftr-330	402	1	a	a	DET
ftr-330	402	2	positive	positive	ADJ
ftr-330	402	3	adjustment	adjustment	NOUN
ftr-330	402	4	increases	increase	VERB
ftr-330	402	5	basis	basis	NOUN
ftr-330	402	6	,	,	PUNCT
ftr-330	402	7	while	while	SCONJ
ftr-330	402	8	a	a	DET
ftr-330	402	9	negative	negative	ADJ
ftr-330	402	10	adjustment	adjustment	NOUN
ftr-330	402	11	decreases	decrease	VERB
ftr-330	402	12	basis	basis	NOUN
ftr-330	402	13	.	.	PUNCT
ftr-330	403	1	these	these	DET
ftr-330	403	2	items	item	NOUN
ftr-330	403	3	cause	cause	VERB
ftr-330	403	4	an	an	DET
ftr-330	403	5	adjustment	adjustment	NOUN
ftr-330	403	6	to	to	ADP
ftr-330	403	7	the	the	DET
ftr-330	403	8	parent	parent	NOUN
ftr-330	403	9	’s	’s	PART
ftr-330	403	10	basis	basis	NOUN
ftr-330	403	11	in	in	ADP
ftr-330	403	12	subsidiary	subsidiary	ADJ
ftr-330	403	13	stock	stock	NOUN
ftr-330	403	14	in	in	ADP
ftr-330	403	15	the	the	DET
ftr-330	403	16	taxable	taxable	ADJ
ftr-330	403	17	year	year	NOUN
ftr-330	403	18	in	in	ADP
ftr-330	403	19	which	which	PRON
ftr-330	403	20	the	the	DET
ftr-330	403	21	item	item	NOUN
ftr-330	403	22	is	be	AUX
ftr-330	403	23	taken	take	VERB
ftr-330	403	24	into	into	ADP
ftr-330	403	25	account	account	NOUN
ftr-330	403	26	in	in	ADP
ftr-330	403	27	determining	determine	VERB
ftr-330	403	28	consolidated	consolidated	ADJ
ftr-330	403	29	taxable	taxable	ADJ
ftr-330	403	30	income	income	NOUN
ftr-330	403	31	.	.	PUNCT
ftr-330	404	1	thus	thus	ADV
ftr-330	404	2	,	,	PUNCT
ftr-330	404	3	items	item	NOUN
ftr-330	404	4	of	of	ADP
ftr-330	404	5	income	income	NOUN
ftr-330	404	6	and	and	CCONJ
ftr-330	404	7	loss	loss	NOUN
ftr-330	404	8	,	,	PUNCT
ftr-330	404	9	and	and	CCONJ
ftr-330	404	10	distributions	distribution	NOUN
ftr-330	404	11	,	,	PUNCT
ftr-330	404	12	will	will	AUX
ftr-330	404	13	result	result	VERB
ftr-330	404	14	in	in	ADP
ftr-330	404	15	adjustments	adjustment	NOUN
ftr-330	404	16	to	to	ADP
ftr-330	404	17	the	the	DET
ftr-330	404	18	parent	parent	NOUN
ftr-330	404	19	’s	’s	PART
ftr-330	404	20	basis	basis	NOUN
ftr-330	404	21	in	in	ADP
ftr-330	404	22	the	the	DET
ftr-330	404	23	stock	stock	NOUN
ftr-330	404	24	of	of	ADP
ftr-330	404	25	a	a	DET
ftr-330	404	26	consolidated	consolidated	ADJ
ftr-330	404	27	subsidiary	subsidiary	NOUN
ftr-330	404	28	.	.	PUNCT
ftr-330	405	1	adjustments	adjustment	NOUN
ftr-330	405	2	to	to	ADP
ftr-330	405	3	the	the	DET
ftr-330	405	4	basis	basis	NOUN
ftr-330	405	5	of	of	ADP
ftr-330	405	6	a	a	DET
ftr-330	405	7	member	member	NOUN
ftr-330	405	8	’s	’s	PART
ftr-330	405	9	stock	stock	NOUN
ftr-330	405	10	are	be	AUX
ftr-330	405	11	taken	take	VERB
ftr-330	405	12	into	into	ADP
ftr-330	405	13	account	account	NOUN
ftr-330	405	14	in	in	ADP
ftr-330	405	15	determining	determine	VERB
ftr-330	405	16	the	the	DET
ftr-330	405	17	basis	basis	NOUN
ftr-330	405	18	adjustments	adjustment	NOUN
ftr-330	405	19	of	of	ADP
ftr-330	405	20	higher	high	ADJ
ftr-330	405	21	-	-	PUNCT
ftr-330	405	22	tier	tier	NOUN
ftr-330	405	23	members	member	NOUN
ftr-330	405	24	;	;	PUNCT
ftr-330	405	25	the	the	DET
ftr-330	405	26	adjustments	adjustment	NOUN
ftr-330	405	27	are	be	AUX
ftr-330	405	28	applied	apply	VERB
ftr-330	405	29	in	in	ADP
ftr-330	405	30	the	the	DET
ftr-330	405	31	order	order	NOUN
ftr-330	405	32	of	of	ADP
ftr-330	405	33	the	the	DET
ftr-330	405	34	tiers	tier	NOUN
ftr-330	405	35	,	,	PUNCT
ftr-330	405	36	from	from	ADP
ftr-330	405	37	lowest	low	ADJ
ftr-330	405	38	to	to	ADP
ftr-330	405	39	highest	high	ADJ
ftr-330	405	40	.	.	PUNCT
ftr-330	406	1	the	the	DET
ftr-330	406	2	basis	basis	NOUN
ftr-330	406	3	adjustment	adjustment	NOUN
ftr-330	406	4	is	be	AUX
ftr-330	406	5	made	make	VERB
ftr-330	406	6	at	at	ADP
ftr-330	406	7	the	the	DET
ftr-330	406	8	end	end	NOUN
ftr-330	406	9	of	of	ADP
ftr-330	406	10	the	the	DET
ftr-330	406	11	year	year	NOUN
ftr-330	406	12	unless	unless	SCONJ
ftr-330	406	13	an	an	DET
ftr-330	406	14	interim	interim	ADJ
ftr-330	406	15	basis	basis	NOUN
ftr-330	406	16	adjustment	adjustment	NOUN
ftr-330	406	17	is	be	AUX
ftr-330	406	18	necessary	necessary	ADJ
ftr-330	406	19	to	to	PART
ftr-330	406	20	determine	determine	VERB
ftr-330	406	21	a	a	DET
ftr-330	406	22	tax	tax	NOUN
ftr-330	406	23	liability	liability	NOUN
ftr-330	406	24	,	,	PUNCT
ftr-330	406	25	for	for	ADP
ftr-330	406	26	example	example	NOUN
ftr-330	406	27	,	,	PUNCT
ftr-330	406	28	as	as	SCONJ
ftr-330	406	29	a	a	DET
ftr-330	406	30	result	result	NOUN
ftr-330	406	31	of	of	ADP
ftr-330	406	32	the	the	DET
ftr-330	406	33	sale	sale	NOUN
ftr-330	406	34	of	of	ADP
ftr-330	406	35	some	some	PRON
ftr-330	406	36	of	of	ADP
ftr-330	406	37	the	the	DET
ftr-330	406	38	stock.80	stock.80	PROPN
ftr-330	406	39	basis	basis	NOUN
ftr-330	406	40	adjustments	adjustment	NOUN
ftr-330	406	41	attributable	attributable	ADJ
ftr-330	406	42	to	to	ADP
ftr-330	406	43	distributions	distribution	NOUN
ftr-330	406	44	are	be	AUX
ftr-330	406	45	allocated	allocate	VERB
ftr-330	406	46	to	to	ADP
ftr-330	406	47	the	the	DET
ftr-330	406	48	shares	share	NOUN
ftr-330	406	49	on	on	ADP
ftr-330	406	50	which	which	PRON
ftr-330	406	51	the	the	DET
ftr-330	406	52	distribution	distribution	NOUN
ftr-330	406	53	was	be	AUX
ftr-330	406	54	made.81	made.81	NOUN
ftr-330	406	55	negative	negative	ADJ
ftr-330	406	56	adjustments	adjustment	NOUN
ftr-330	406	57	are	be	AUX
ftr-330	406	58	allocated	allocate	VERB
ftr-330	406	59	only	only	ADV
ftr-330	406	60	to	to	ADP
ftr-330	406	61	common	common	ADJ
ftr-330	406	62	stock	stock	NOUN
ftr-330	406	63	and	and	CCONJ
ftr-330	406	64	then	then	ADV
ftr-330	406	65	among	among	ADP
ftr-330	406	66	the	the	DET
ftr-330	406	67	shares	share	NOUN
ftr-330	406	68	to	to	PART
ftr-330	406	69	reflect	reflect	VERB
ftr-330	406	70	the	the	DET
ftr-330	406	71	manner	manner	NOUN
ftr-330	406	72	in	in	ADP
ftr-330	406	73	which	which	PRON
ftr-330	406	74	the	the	DET
ftr-330	406	75	shares	share	NOUN
ftr-330	406	76	suffer	suffer	VERB
ftr-330	406	77	the	the	DET
ftr-330	406	78	economic	economic	ADJ
ftr-330	406	79	loss	loss	NOUN
ftr-330	406	80	.	.	PUNCT
ftr-330	407	1	positive	positive	ADJ
ftr-330	407	2	adjustments	adjustment	NOUN
ftr-330	407	3	are	be	AUX
ftr-330	407	4	allocated	allocate	VERB
ftr-330	407	5	first	first	ADV
ftr-330	407	6	to	to	ADP
ftr-330	407	7	preferred	preferred	ADJ
ftr-330	407	8	stock	stock	NOUN
ftr-330	407	9	to	to	PART
ftr-330	407	10	reflect	reflect	VERB
ftr-330	407	11	distributions	distribution	NOUN
ftr-330	407	12	and	and	CCONJ
ftr-330	407	13	dividend	dividend	NOUN
ftr-330	407	14	arrearages	arrearage	NOUN
ftr-330	407	15	accrued	accrue	VERB
ftr-330	407	16	during	during	ADP
ftr-330	407	17	the	the	DET
ftr-330	407	18	period	period	NOUN
ftr-330	407	19	the	the	DET
ftr-330	407	20	subsidiary	subsidiary	NOUN
ftr-330	407	21	was	be	AUX
ftr-330	407	22	a	a	DET
ftr-330	407	23	member	member	NOUN
ftr-330	407	24	of	of	ADP
ftr-330	407	25	the	the	DET
ftr-330	407	26	group,82	group,82	NOUN
ftr-330	407	27	and	and	CCONJ
ftr-330	407	28	then	then	ADV
ftr-330	407	29	to	to	ADP
ftr-330	407	30	the	the	DET
ftr-330	407	31	common	common	ADJ
ftr-330	407	32	stock.83	stock.83	ADJ
ftr-330	407	33	adjustments	adjustment	NOUN
ftr-330	407	34	to	to	ADP
ftr-330	407	35	the	the	DET
ftr-330	407	36	common	common	ADJ
ftr-330	407	37	stock	stock	NOUN
ftr-330	407	38	78	78	NUM
ftr-330	407	39	.	.	PUNCT
ftr-330	408	1	reg	reg	NOUN
ftr-330	408	2	.	.	PUNCT
ftr-330	409	1	§	§	PROPN
ftr-330	409	2	1.1502–32	1.1502–32	NUM
ftr-330	409	3	.	.	PUNCT
ftr-330	409	4	79	79	NUM
ftr-330	409	5	.	.	PUNCT
ftr-330	409	6	reg	reg	NOUN
ftr-330	409	7	.	.	PUNCT
ftr-330	410	1	§	§	PROPN
ftr-330	410	2	1.1502–32(a	1.1502–32(a	NUM
ftr-330	410	3	)	)	PUNCT
ftr-330	410	4	and	and	CCONJ
ftr-330	410	5	(	(	PUNCT
ftr-330	410	6	b	b	NOUN
ftr-330	410	7	)	)	PUNCT
ftr-330	410	8	.	.	PUNCT
ftr-330	411	1	80	80	NUM
ftr-330	411	2	.	.	PUNCT
ftr-330	412	1	reg	reg	NOUN
ftr-330	412	2	.	.	PUNCT
ftr-330	413	1	§	§	PROPN
ftr-330	413	2	1.1504–32(b)(1	1.1504–32(b)(1	NUM
ftr-330	413	3	)	)	PUNCT
ftr-330	413	4	.	.	PUNCT
ftr-330	414	1	81	81	NUM
ftr-330	414	2	.	.	PUNCT
ftr-330	415	1	reg	reg	NOUN
ftr-330	415	2	.	.	PUNCT
ftr-330	416	1	§	§	PROPN
ftr-330	416	2	1.1504–32(c)(1)(i	1.1504–32(c)(1)(i	NUM
ftr-330	416	3	)	)	PUNCT
ftr-330	416	4	.	.	PUNCT
ftr-330	417	1	82	82	NUM
ftr-330	417	2	.	.	PUNCT
ftr-330	418	1	reg	reg	PROPN
ftr-330	418	2	.	.	PUNCT
ftr-330	419	1	§	§	PROPN
ftr-330	419	2	1.1504–32(c)(1)(ii	1.1504–32(c)(1)(ii	NUM
ftr-330	419	3	)	)	PUNCT
ftr-330	419	4	,	,	PUNCT
ftr-330	419	5	(	(	PUNCT
ftr-330	419	6	c)(3	c)(3	NOUN
ftr-330	419	7	)	)	PUNCT
ftr-330	419	8	.	.	PUNCT
ftr-330	420	1	83	83	NUM
ftr-330	420	2	.	.	PUNCT
ftr-330	421	1	reg	reg	PROPN
ftr-330	421	2	.	.	PUNCT
ftr-330	422	1	§	§	PROPN
ftr-330	422	2	1.1504–32(c)(2	1.1504–32(c)(2	NUM
ftr-330	422	3	)	)	PUNCT
ftr-330	422	4	.	.	PUNCT
ftr-330	423	1	2012	2012	NUM
ftr-330	423	2	]	]	PUNCT
ftr-330	423	3	understanding	understand	VERB
ftr-330	423	4	consolidated	consolidated	ADJ
ftr-330	423	5	returns	return	NOUN
ftr-330	423	6	145	145	NUM
ftr-330	423	7	generally	generally	ADV
ftr-330	423	8	are	be	AUX
ftr-330	423	9	made	make	VERB
ftr-330	423	10	equally	equally	ADV
ftr-330	423	11	to	to	ADP
ftr-330	423	12	each	each	DET
ftr-330	423	13	share	share	NOUN
ftr-330	423	14	,	,	PUNCT
ftr-330	423	15	but	but	CCONJ
ftr-330	423	16	if	if	SCONJ
ftr-330	423	17	any	any	DET
ftr-330	423	18	shares	share	NOUN
ftr-330	423	19	have	have	VERB
ftr-330	423	20	an	an	DET
ftr-330	423	21	excess	excess	ADJ
ftr-330	423	22	loss	loss	NOUN
ftr-330	423	23	account	account	NOUN
ftr-330	423	24	,	,	PUNCT
ftr-330	423	25	the	the	DET
ftr-330	423	26	adjustments	adjustment	NOUN
ftr-330	423	27	are	be	AUX
ftr-330	423	28	first	first	ADV
ftr-330	423	29	allocated	allocate	VERB
ftr-330	423	30	among	among	ADP
ftr-330	423	31	the	the	DET
ftr-330	423	32	shares	share	NOUN
ftr-330	423	33	with	with	ADP
ftr-330	423	34	an	an	DET
ftr-330	423	35	excess	excess	ADJ
ftr-330	423	36	loss	loss	NOUN
ftr-330	423	37	account	account	NOUN
ftr-330	423	38	to	to	PART
ftr-330	423	39	equalize	equalize	VERB
ftr-330	423	40	and	and	CCONJ
ftr-330	423	41	then	then	ADV
ftr-330	423	42	to	to	PART
ftr-330	423	43	eliminate	eliminate	VERB
ftr-330	423	44	the	the	DET
ftr-330	423	45	excess	excess	ADJ
ftr-330	423	46	loss	loss	NOUN
ftr-330	423	47	accounts.84	accounts.84	NOUN
ftr-330	423	48	for	for	ADP
ftr-330	423	49	purposes	purpose	NOUN
ftr-330	423	50	of	of	ADP
ftr-330	423	51	the	the	DET
ftr-330	423	52	investment	investment	NOUN
ftr-330	423	53	adjustment	adjustment	NOUN
ftr-330	423	54	rules	rule	NOUN
ftr-330	423	55	,	,	PUNCT
ftr-330	423	56	a	a	DET
ftr-330	423	57	member	member	NOUN
ftr-330	423	58	’s	’s	PART
ftr-330	423	59	taxable	taxable	ADJ
ftr-330	423	60	income	income	NOUN
ftr-330	423	61	or	or	CCONJ
ftr-330	423	62	loss	loss	NOUN
ftr-330	423	63	includes	include	VERB
ftr-330	423	64	items	item	NOUN
ftr-330	423	65	of	of	ADP
ftr-330	423	66	income	income	NOUN
ftr-330	423	67	or	or	CCONJ
ftr-330	423	68	loss	loss	NOUN
ftr-330	423	69	attributable	attributable	ADJ
ftr-330	423	70	to	to	ADP
ftr-330	423	71	the	the	DET
ftr-330	423	72	member	member	NOUN
ftr-330	423	73	that	that	PRON
ftr-330	423	74	are	be	AUX
ftr-330	423	75	included	include	VERB
ftr-330	423	76	in	in	ADP
ftr-330	423	77	the	the	DET
ftr-330	423	78	consolidated	consolidated	ADJ
ftr-330	423	79	taxable	taxable	ADJ
ftr-330	423	80	income	income	NOUN
ftr-330	423	81	of	of	ADP
ftr-330	423	82	the	the	DET
ftr-330	423	83	group.85	group.85	NOUN
ftr-330	423	84	operating	operating	NOUN
ftr-330	423	85	losses	loss	NOUN
ftr-330	423	86	are	be	AUX
ftr-330	423	87	included	include	VERB
ftr-330	423	88	in	in	ADP
ftr-330	423	89	the	the	DET
ftr-330	423	90	investment	investment	NOUN
ftr-330	423	91	adjustment	adjustment	NOUN
ftr-330	423	92	in	in	ADP
ftr-330	423	93	the	the	DET
ftr-330	423	94	year	year	NOUN
ftr-330	423	95	the	the	DET
ftr-330	423	96	loss	loss	NOUN
ftr-330	423	97	is	be	AUX
ftr-330	423	98	absorbed	absorb	VERB
ftr-330	423	99	into	into	ADP
ftr-330	423	100	consolidated	consolidated	ADJ
ftr-330	423	101	taxable	taxable	ADJ
ftr-330	423	102	income	income	NOUN
ftr-330	423	103	.	.	PUNCT
ftr-330	424	1	thus	thus	ADV
ftr-330	424	2	,	,	PUNCT
ftr-330	424	3	a	a	DET
ftr-330	424	4	net	net	ADJ
ftr-330	424	5	operating	operating	NOUN
ftr-330	424	6	loss	loss	NOUN
ftr-330	424	7	carryforward	carryforward	NOUN
ftr-330	424	8	is	be	AUX
ftr-330	424	9	reflected	reflect	VERB
ftr-330	424	10	in	in	ADP
ftr-330	424	11	a	a	DET
ftr-330	424	12	basis	basis	NOUN
ftr-330	424	13	adjustment	adjustment	NOUN
ftr-330	424	14	for	for	ADP
ftr-330	424	15	the	the	DET
ftr-330	424	16	year	year	NOUN
ftr-330	424	17	to	to	PART
ftr-330	424	18	which	which	PRON
ftr-330	424	19	the	the	DET
ftr-330	424	20	loss	loss	NOUN
ftr-330	424	21	is	be	AUX
ftr-330	424	22	carried	carry	VERB
ftr-330	424	23	.	.	PUNCT
ftr-330	425	1	a	a	DET
ftr-330	425	2	carryback	carryback	ADJ
ftr-330	425	3	loss	loss	NOUN
ftr-330	425	4	is	be	AUX
ftr-330	425	5	reflected	reflect	VERB
ftr-330	425	6	as	as	ADP
ftr-330	425	7	an	an	DET
ftr-330	425	8	adjustment	adjustment	NOUN
ftr-330	425	9	in	in	ADP
ftr-330	425	10	the	the	DET
ftr-330	425	11	year	year	NOUN
ftr-330	425	12	in	in	ADP
ftr-330	425	13	which	which	PRON
ftr-330	425	14	it	it	PRON
ftr-330	425	15	arose.86	arose.86	VERB
ftr-330	425	16	the	the	DET
ftr-330	425	17	amount	amount	NOUN
ftr-330	425	18	of	of	ADP
ftr-330	425	19	gain	gain	NOUN
ftr-330	425	20	on	on	ADP
ftr-330	425	21	the	the	DET
ftr-330	425	22	sale	sale	NOUN
ftr-330	425	23	resulting	result	VERB
ftr-330	425	24	from	from	ADP
ftr-330	425	25	the	the	DET
ftr-330	425	26	excess	excess	ADJ
ftr-330	425	27	loss	loss	NOUN
ftr-330	425	28	account	account	NOUN
ftr-330	425	29	is	be	AUX
ftr-330	425	30	treated	treat	VERB
ftr-330	425	31	as	as	ADP
ftr-330	425	32	capital	capital	NOUN
ftr-330	425	33	gain	gain	NOUN
ftr-330	425	34	.	.	PUNCT
ftr-330	426	1	arguably	arguably	ADV
ftr-330	426	2	,	,	PUNCT
ftr-330	426	3	the	the	DET
ftr-330	426	4	gain	gain	NOUN
ftr-330	426	5	attributable	attributable	ADJ
ftr-330	426	6	to	to	ADP
ftr-330	426	7	the	the	DET
ftr-330	426	8	excess	excess	ADJ
ftr-330	426	9	loss	loss	NOUN
ftr-330	426	10	account	account	NOUN
ftr-330	426	11	should	should	AUX
ftr-330	426	12	be	be	AUX
ftr-330	426	13	treated	treat	VERB
ftr-330	426	14	as	as	ADP
ftr-330	426	15	ordinary	ordinary	ADJ
ftr-330	426	16	income	income	NOUN
ftr-330	426	17	when	when	SCONJ
ftr-330	426	18	it	it	PRON
ftr-330	426	19	represents	represent	VERB
ftr-330	426	20	deductions	deduction	NOUN
ftr-330	426	21	previously	previously	ADV
ftr-330	426	22	taken	take	VERB
ftr-330	426	23	against	against	ADP
ftr-330	426	24	ordinary	ordinary	ADJ
ftr-330	426	25	income	income	NOUN
ftr-330	426	26	.	.	PUNCT
ftr-330	427	1	however	however	ADV
ftr-330	427	2	,	,	PUNCT
ftr-330	427	3	the	the	DET
ftr-330	427	4	regulations	regulation	NOUN
ftr-330	427	5	allow	allow	VERB
ftr-330	427	6	capital	capital	NOUN
ftr-330	427	7	gain	gain	NOUN
ftr-330	427	8	treatment	treatment	NOUN
ftr-330	427	9	,	,	PUNCT
ftr-330	427	10	apparently	apparently	ADV
ftr-330	427	11	on	on	ADP
ftr-330	427	12	the	the	DET
ftr-330	427	13	theory	theory	NOUN
ftr-330	427	14	that	that	SCONJ
ftr-330	427	15	,	,	PUNCT
ftr-330	427	16	had	have	AUX
ftr-330	427	17	the	the	DET
ftr-330	427	18	subsidiary	subsidiary	NOUN
ftr-330	427	19	realized	realize	VERB
ftr-330	427	20	the	the	DET
ftr-330	427	21	appreciation	appreciation	NOUN
ftr-330	427	22	in	in	ADP
ftr-330	427	23	its	its	PRON
ftr-330	427	24	assets	asset	NOUN
ftr-330	427	25	prior	prior	ADV
ftr-330	427	26	to	to	ADP
ftr-330	427	27	the	the	DET
ftr-330	427	28	disposition	disposition	NOUN
ftr-330	427	29	,	,	PUNCT
ftr-330	427	30	the	the	DET
ftr-330	427	31	earnings	earning	NOUN
ftr-330	427	32	and	and	CCONJ
ftr-330	427	33	profits	profit	NOUN
ftr-330	427	34	so	so	ADV
ftr-330	427	35	generated	generate	VERB
ftr-330	427	36	would	would	AUX
ftr-330	427	37	have	have	AUX
ftr-330	427	38	eliminated	eliminate	VERB
ftr-330	427	39	the	the	DET
ftr-330	427	40	excess	excess	ADJ
ftr-330	427	41	loss	loss	NOUN
ftr-330	427	42	account	account	NOUN
ftr-330	427	43	and	and	CCONJ
ftr-330	427	44	this	this	PRON
ftr-330	427	45	is	be	AUX
ftr-330	427	46	in	in	ADP
ftr-330	427	47	effect	effect	NOUN
ftr-330	427	48	what	what	PRON
ftr-330	427	49	is	be	AUX
ftr-330	427	50	happening	happen	VERB
ftr-330	427	51	when	when	SCONJ
ftr-330	427	52	the	the	DET
ftr-330	427	53	parent	parent	NOUN
ftr-330	427	54	sells	sell	VERB
ftr-330	427	55	the	the	DET
ftr-330	427	56	stock	stock	NOUN
ftr-330	427	57	at	at	ADP
ftr-330	427	58	a	a	DET
ftr-330	427	59	gain	gain	NOUN
ftr-330	427	60	.	.	PUNCT
ftr-330	428	1	if	if	SCONJ
ftr-330	428	2	the	the	DET
ftr-330	428	3	subsidiary	subsidiary	NOUN
ftr-330	428	4	is	be	AUX
ftr-330	428	5	insolvent	insolvent	ADJ
ftr-330	428	6	at	at	ADP
ftr-330	428	7	the	the	DET
ftr-330	428	8	time	time	NOUN
ftr-330	428	9	of	of	ADP
ftr-330	428	10	the	the	DET
ftr-330	428	11	disposition	disposition	NOUN
ftr-330	428	12	,	,	PUNCT
ftr-330	428	13	however	however	ADV
ftr-330	428	14	,	,	PUNCT
ftr-330	428	15	then	then	ADV
ftr-330	428	16	ordinary	ordinary	ADJ
ftr-330	428	17	income	income	NOUN
ftr-330	428	18	results	result	NOUN
ftr-330	428	19	from	from	ADP
ftr-330	428	20	the	the	DET
ftr-330	428	21	transaction	transaction	NOUN
ftr-330	428	22	to	to	ADP
ftr-330	428	23	the	the	DET
ftr-330	428	24	extent	extent	NOUN
ftr-330	428	25	of	of	ADP
ftr-330	428	26	the	the	DET
ftr-330	428	27	insolvency.87	insolvency.87	ADJ
ftr-330	428	28	the	the	DET
ftr-330	428	29	amount	amount	NOUN
ftr-330	428	30	treated	treat	VERB
ftr-330	428	31	as	as	ADP
ftr-330	428	32	ordinary	ordinary	ADJ
ftr-330	428	33	income	income	NOUN
ftr-330	428	34	is	be	AUX
ftr-330	428	35	limited	limit	VERB
ftr-330	428	36	to	to	ADP
ftr-330	428	37	the	the	DET
ftr-330	428	38	amount	amount	NOUN
ftr-330	428	39	of	of	ADP
ftr-330	428	40	the	the	DET
ftr-330	428	41	excess	excess	ADJ
ftr-330	428	42	loss	loss	NOUN
ftr-330	428	43	account	account	NOUN
ftr-330	428	44	redetermined	redetermine	VERB
ftr-330	428	45	to	to	PART
ftr-330	428	46	exclude	exclude	VERB
ftr-330	428	47	distributions	distribution	NOUN
ftr-330	428	48	to	to	ADP
ftr-330	428	49	the	the	DET
ftr-330	428	50	parent.88	parent.88	PROPN
ftr-330	428	51	the	the	DET
ftr-330	428	52	existence	existence	NOUN
ftr-330	428	53	of	of	ADP
ftr-330	428	54	an	an	DET
ftr-330	428	55	excess	excess	ADJ
ftr-330	428	56	loss	loss	NOUN
ftr-330	428	57	account	account	NOUN
ftr-330	428	58	also	also	ADV
ftr-330	428	59	can	can	AUX
ftr-330	428	60	affect	affect	VERB
ftr-330	428	61	transactions	transaction	NOUN
ftr-330	428	62	that	that	PRON
ftr-330	428	63	otherwise	otherwise	ADV
ftr-330	428	64	would	would	AUX
ftr-330	428	65	be	be	AUX
ftr-330	428	66	tax	tax	NOUN
ftr-330	428	67	-	-	PUNCT
ftr-330	428	68	free	free	ADJ
ftr-330	428	69	.	.	PUNCT
ftr-330	429	1	for	for	ADP
ftr-330	429	2	example	example	NOUN
ftr-330	429	3	,	,	PUNCT
ftr-330	429	4	the	the	DET
ftr-330	429	5	disposition	disposition	NOUN
ftr-330	429	6	of	of	ADP
ftr-330	429	7	stock	stock	NOUN
ftr-330	429	8	in	in	ADP
ftr-330	429	9	a	a	DET
ftr-330	429	10	reorganization	reorganization	NOUN
ftr-330	429	11	involving	involve	VERB
ftr-330	429	12	an	an	DET
ftr-330	429	13	unrelated	unrelated	ADJ
ftr-330	429	14	corporation	corporation	NOUN
ftr-330	429	15	will	will	AUX
ftr-330	429	16	trigger	trigger	VERB
ftr-330	429	17	recognition	recognition	NOUN
ftr-330	429	18	of	of	ADP
ftr-330	429	19	gain	gain	NOUN
ftr-330	429	20	if	if	SCONJ
ftr-330	429	21	the	the	DET
ftr-330	429	22	subsidiary	subsidiary	NOUN
ftr-330	429	23	involved	involve	VERB
ftr-330	429	24	had	have	AUX
ftr-330	429	25	generated	generate	VERB
ftr-330	429	26	an	an	DET
ftr-330	429	27	excess	excess	ADJ
ftr-330	429	28	loss	loss	NOUN
ftr-330	429	29	account.89	account.89	NOUN
ftr-330	429	30	on	on	ADP
ftr-330	429	31	the	the	DET
ftr-330	429	32	other	other	ADJ
ftr-330	429	33	hand	hand	NOUN
ftr-330	429	34	,	,	PUNCT
ftr-330	429	35	tax	tax	NOUN
ftr-330	429	36	-	-	PUNCT
ftr-330	429	37	free	free	ADJ
ftr-330	429	38	reorganizations	reorganization	NOUN
ftr-330	429	39	within	within	ADP
ftr-330	429	40	the	the	DET
ftr-330	429	41	group	group	NOUN
ftr-330	429	42	generally	generally	ADV
ftr-330	429	43	do	do	VERB
ftr-330	429	44	not	not	PART
ftr-330	429	45	84	84	NUM
ftr-330	429	46	.	.	PUNCT
ftr-330	430	1	i	i	PRON
ftr-330	430	2	d.	d.	PROPN
ftr-330	430	3	85	85	NUM
ftr-330	430	4	.	.	PUNCT
ftr-330	431	1	reg	reg	NOUN
ftr-330	431	2	.	.	PUNCT
ftr-330	432	1	§	§	PROPN
ftr-330	432	2	1.1502–32(b)(3)(i	1.1502–32(b)(3)(i	NUM
ftr-330	432	3	)	)	PUNCT
ftr-330	432	4	.	.	PUNCT
ftr-330	433	1	86	86	NUM
ftr-330	433	2	.	.	PUNCT
ftr-330	434	1	reg	reg	NOUN
ftr-330	434	2	.	.	PUNCT
ftr-330	435	1	§	§	PROPN
ftr-330	435	2	1.1502–32(b)(3)(i)(a	1.1502–32(b)(3)(i)(a	PROPN
ftr-330	435	3	)	)	PUNCT
ftr-330	436	1	and	and	CCONJ
ftr-330	436	2	(	(	PUNCT
ftr-330	436	3	b	b	NOUN
ftr-330	436	4	)	)	PUNCT
ftr-330	436	5	.	.	PUNCT
ftr-330	437	1	87	87	NUM
ftr-330	437	2	.	.	PUNCT
ftr-330	438	1	reg	reg	PROPN
ftr-330	438	2	.	.	PUNCT
ftr-330	439	1	§	§	PROPN
ftr-330	439	2	1.1502–19(b)(4)(i	1.1502–19(b)(4)(i	NUM
ftr-330	439	3	)	)	PUNCT
ftr-330	439	4	(	(	PUNCT
ftr-330	439	5	specially	specially	ADV
ftr-330	439	6	defining	define	VERB
ftr-330	439	7	“	"	PUNCT
ftr-330	439	8	insolvency	insolvency	NOUN
ftr-330	439	9	”	"	PUNCT
ftr-330	439	10	)	)	PUNCT
ftr-330	439	11	.	.	PUNCT
ftr-330	440	1	covil	covil	PROPN
ftr-330	440	2	insulation	insulation	PROPN
ftr-330	440	3	co.	co.	PROPN
ftr-330	440	4	v.	v.	PROPN
ftr-330	440	5	commissioner	commissioner	PROPN
ftr-330	440	6	,	,	PUNCT
ftr-330	440	7	65	65	NUM
ftr-330	440	8	t.c	t.c	PROPN
ftr-330	440	9	.	.	PROPN
ftr-330	440	10	364	364	NUM
ftr-330	440	11	(	(	PUNCT
ftr-330	440	12	1975	1975	NUM
ftr-330	440	13	)	)	PUNCT
ftr-330	440	14	,	,	PUNCT
ftr-330	440	15	upheld	uphold	VERB
ftr-330	440	16	the	the	DET
ftr-330	440	17	validity	validity	NOUN
ftr-330	440	18	of	of	ADP
ftr-330	440	19	reg	reg	NOUN
ftr-330	440	20	.	.	PUNCT
ftr-330	441	1	§	§	PROPN
ftr-330	441	2	1.1502–19	1.1502–19	NUM
ftr-330	441	3	,	,	PUNCT
ftr-330	441	4	and	and	CCONJ
ftr-330	441	5	required	require	VERB
ftr-330	441	6	the	the	DET
ftr-330	441	7	parent	parent	NOUN
ftr-330	441	8	corporation	corporation	NOUN
ftr-330	441	9	to	to	PART
ftr-330	441	10	include	include	VERB
ftr-330	441	11	as	as	ADP
ftr-330	441	12	ordinary	ordinary	ADJ
ftr-330	441	13	income	income	NOUN
ftr-330	441	14	the	the	DET
ftr-330	441	15	excess	excess	ADJ
ftr-330	441	16	loss	loss	NOUN
ftr-330	441	17	account	account	NOUN
ftr-330	441	18	with	with	ADP
ftr-330	441	19	respect	respect	NOUN
ftr-330	441	20	to	to	ADP
ftr-330	441	21	a	a	DET
ftr-330	441	22	subsidiary	subsidiary	NOUN
ftr-330	441	23	whose	whose	DET
ftr-330	441	24	stock	stock	NOUN
ftr-330	441	25	had	have	AUX
ftr-330	441	26	become	become	VERB
ftr-330	441	27	worthless	worthless	ADJ
ftr-330	441	28	.	.	PUNCT
ftr-330	442	1	both	both	CCONJ
ftr-330	442	2	the	the	DET
ftr-330	442	3	treatment	treatment	NOUN
ftr-330	442	4	of	of	ADP
ftr-330	442	5	the	the	DET
ftr-330	442	6	stock	stock	NOUN
ftr-330	442	7	’s	’s	PART
ftr-330	442	8	worthlessness	worthlessness	NOUN
ftr-330	442	9	as	as	ADP
ftr-330	442	10	an	an	DET
ftr-330	442	11	income	income	NOUN
ftr-330	442	12	generating	generating	NOUN
ftr-330	442	13	event	event	NOUN
ftr-330	442	14	with	with	ADP
ftr-330	442	15	respect	respect	NOUN
ftr-330	442	16	to	to	ADP
ftr-330	442	17	the	the	DET
ftr-330	442	18	excess	excess	ADJ
ftr-330	442	19	loss	loss	NOUN
ftr-330	442	20	account	account	NOUN
ftr-330	442	21	and	and	CCONJ
ftr-330	442	22	characterization	characterization	NOUN
ftr-330	442	23	of	of	ADP
ftr-330	442	24	the	the	DET
ftr-330	442	25	gain	gain	NOUN
ftr-330	442	26	as	as	ADP
ftr-330	442	27	ordinary	ordinary	ADJ
ftr-330	442	28	were	be	AUX
ftr-330	442	29	“	"	PUNCT
ftr-330	442	30	permissible	permissible	ADJ
ftr-330	442	31	exercise[s	exercise[s	PROPN
ftr-330	442	32	]	]	PUNCT
ftr-330	442	33	of	of	ADP
ftr-330	442	34	the	the	DET
ftr-330	442	35	rulemaking	rulemake	VERB
ftr-330	442	36	power	power	NOUN
ftr-330	442	37	granted	grant	VERB
ftr-330	442	38	by	by	ADP
ftr-330	442	39	section	section	NOUN
ftr-330	442	40	1502	1502	NUM
ftr-330	442	41	.	.	PUNCT
ftr-330	442	42	”	"	PUNCT
ftr-330	443	1	i	i	PRON
ftr-330	443	2	d.	d.	VERB
ftr-330	443	3	at	at	ADP
ftr-330	443	4	374	374	NUM
ftr-330	443	5	.	.	PUNCT
ftr-330	443	6	88	88	NUM
ftr-330	443	7	.	.	PUNCT
ftr-330	444	1	reg	reg	NOUN
ftr-330	444	2	.	.	PUNCT
ftr-330	445	1	§	§	PROPN
ftr-330	445	2	1.1502–19(b)(4)(ii	1.1502–19(b)(4)(ii	NUM
ftr-330	445	3	)	)	PUNCT
ftr-330	445	4	.	.	PUNCT
ftr-330	446	1	89	89	NUM
ftr-330	446	2	.	.	PUNCT
ftr-330	447	1	reg	reg	NOUN
ftr-330	447	2	.	.	PUNCT
ftr-330	448	1	§	§	PROPN
ftr-330	448	2	1.1502–19(b)(2)(ii	1.1502–19(b)(2)(ii	NUM
ftr-330	448	3	)	)	PUNCT
ftr-330	448	4	and	and	CCONJ
ftr-330	448	5	(	(	PUNCT
ftr-330	448	6	c)(1)(ii	c)(1)(ii	ADJ
ftr-330	448	7	)	)	PUNCT
ftr-330	448	8	.	.	PUNCT
ftr-330	449	1	146	146	NUM
ftr-330	449	2	florida	florida	PROPN
ftr-330	449	3	tax	tax	NOUN
ftr-330	449	4	review	review	NOUN
ftr-330	449	5	[	[	X
ftr-330	449	6	vol	vol	NOUN
ftr-330	449	7	.	.	PUNCT
ftr-330	449	8	12:3	12:3	NUM
ftr-330	449	9	require	require	VERB
ftr-330	449	10	the	the	DET
ftr-330	449	11	inclusion	inclusion	NOUN
ftr-330	449	12	of	of	ADP
ftr-330	449	13	the	the	DET
ftr-330	449	14	excess	excess	ADJ
ftr-330	449	15	loss	loss	NOUN
ftr-330	449	16	account	account	NOUN
ftr-330	449	17	in	in	ADP
ftr-330	449	18	income	income	NOUN
ftr-330	449	19	;	;	PUNCT
ftr-330	449	20	instead	instead	ADV
ftr-330	449	21	the	the	DET
ftr-330	449	22	excess	excess	ADJ
ftr-330	449	23	loss	loss	NOUN
ftr-330	449	24	account	account	NOUN
ftr-330	449	25	is	be	AUX
ftr-330	449	26	applied	apply	VERB
ftr-330	449	27	to	to	ADP
ftr-330	449	28	the	the	DET
ftr-330	449	29	stock	stock	NOUN
ftr-330	449	30	received	receive	VERB
ftr-330	449	31	without	without	ADP
ftr-330	449	32	recognition	recognition	NOUN
ftr-330	449	33	of	of	ADP
ftr-330	449	34	gain	gain	NOUN
ftr-330	449	35	or	or	CCONJ
ftr-330	449	36	loss	loss	NOUN
ftr-330	449	37	under	under	ADP
ftr-330	449	38	section	section	NOUN
ftr-330	449	39	354	354	NUM
ftr-330	449	40	,	,	PUNCT
ftr-330	449	41	either	either	CCONJ
ftr-330	449	42	reducing	reduce	VERB
ftr-330	449	43	basis	basis	NOUN
ftr-330	449	44	or	or	CCONJ
ftr-330	449	45	adding	add	VERB
ftr-330	449	46	to	to	ADP
ftr-330	449	47	the	the	DET
ftr-330	449	48	excess	excess	ADJ
ftr-330	449	49	loss	loss	NOUN
ftr-330	449	50	account	account	NOUN
ftr-330	449	51	of	of	ADP
ftr-330	449	52	that	that	PRON
ftr-330	449	53	stock.90	stock.90	ADV
ftr-330	449	54	a	a	DET
ftr-330	449	55	liquidation	liquidation	NOUN
ftr-330	449	56	to	to	ADP
ftr-330	449	57	which	which	PRON
ftr-330	449	58	sections	section	NOUN
ftr-330	449	59	332	332	NUM
ftr-330	449	60	and	and	CCONJ
ftr-330	449	61	334(b	334(b	NUM
ftr-330	449	62	)	)	PUNCT
ftr-330	449	63	apply	apply	VERB
ftr-330	449	64	eliminates	eliminate	VERB
ftr-330	449	65	the	the	DET
ftr-330	449	66	excess	excess	ADJ
ftr-330	449	67	loss	loss	NOUN
ftr-330	449	68	account	account	NOUN
ftr-330	449	69	.	.	PUNCT
ftr-330	450	1	the	the	DET
ftr-330	450	2	transaction	transaction	NOUN
ftr-330	450	3	is	be	AUX
ftr-330	450	4	in	in	ADP
ftr-330	450	5	effect	effect	NOUN
ftr-330	450	6	treated	treat	VERB
ftr-330	450	7	as	as	SCONJ
ftr-330	450	8	if	if	SCONJ
ftr-330	450	9	the	the	DET
ftr-330	450	10	parent	parent	NOUN
ftr-330	450	11	had	have	AUX
ftr-330	450	12	owned	own	VERB
ftr-330	450	13	the	the	DET
ftr-330	450	14	subsidiary	subsidiary	NOUN
ftr-330	450	15	’s	’s	PART
ftr-330	450	16	assets	asset	NOUN
ftr-330	450	17	directly	directly	ADV
ftr-330	450	18	from	from	ADP
ftr-330	450	19	the	the	DET
ftr-330	450	20	beginning	beginning	NOUN
ftr-330	450	21	;	;	PUNCT
ftr-330	450	22	triggering	trigger	VERB
ftr-330	450	23	the	the	DET
ftr-330	450	24	excess	excess	ADJ
ftr-330	450	25	loss	loss	NOUN
ftr-330	450	26	account	account	NOUN
ftr-330	450	27	in	in	ADP
ftr-330	450	28	this	this	DET
ftr-330	450	29	situation	situation	NOUN
ftr-330	450	30	could	could	AUX
ftr-330	450	31	lead	lead	VERB
ftr-330	450	32	to	to	ADP
ftr-330	450	33	duplication	duplication	NOUN
ftr-330	450	34	of	of	ADP
ftr-330	450	35	gain	gain	NOUN
ftr-330	450	36	.	.	PUNCT
ftr-330	451	1	other	other	ADJ
ftr-330	451	2	events	event	NOUN
ftr-330	451	3	,	,	PUNCT
ftr-330	451	4	such	such	ADJ
ftr-330	451	5	as	as	ADP
ftr-330	451	6	the	the	DET
ftr-330	451	7	discontinuation	discontinuation	NOUN
ftr-330	451	8	of	of	ADP
ftr-330	451	9	filing	file	VERB
ftr-330	451	10	consolidated	consolidated	ADJ
ftr-330	451	11	returns	return	NOUN
ftr-330	451	12	or	or	CCONJ
ftr-330	451	13	the	the	DET
ftr-330	451	14	worthlessness	worthlessness	NOUN
ftr-330	451	15	of	of	ADP
ftr-330	451	16	the	the	DET
ftr-330	451	17	stock	stock	NOUN
ftr-330	451	18	of	of	ADP
ftr-330	451	19	the	the	DET
ftr-330	451	20	subsidiary	subsidiary	NOUN
ftr-330	451	21	,	,	PUNCT
ftr-330	451	22	also	also	ADV
ftr-330	451	23	can	can	AUX
ftr-330	451	24	require	require	VERB
ftr-330	451	25	the	the	DET
ftr-330	451	26	inclusion	inclusion	NOUN
ftr-330	451	27	in	in	ADP
ftr-330	451	28	income	income	NOUN
ftr-330	451	29	of	of	ADP
ftr-330	451	30	the	the	DET
ftr-330	451	31	amount	amount	NOUN
ftr-330	451	32	of	of	ADP
ftr-330	451	33	the	the	DET
ftr-330	451	34	excess	excess	ADJ
ftr-330	451	35	loss	loss	NOUN
ftr-330	451	36	account.91	account.91	NOUN
ftr-330	451	37	recognition	recognition	NOUN
ftr-330	451	38	of	of	ADP
ftr-330	451	39	gain	gain	NOUN
ftr-330	451	40	attributable	attributable	ADJ
ftr-330	451	41	to	to	ADP
ftr-330	451	42	an	an	DET
ftr-330	451	43	excess	excess	ADJ
ftr-330	451	44	loss	loss	NOUN
ftr-330	451	45	account	account	NOUN
ftr-330	451	46	of	of	ADP
ftr-330	451	47	a	a	DET
ftr-330	451	48	worthless	worthless	ADJ
ftr-330	451	49	subsidiary	subsidiary	NOUN
ftr-330	451	50	is	be	AUX
ftr-330	451	51	deferred	defer	VERB
ftr-330	451	52	from	from	ADP
ftr-330	451	53	the	the	DET
ftr-330	451	54	date	date	NOUN
ftr-330	451	55	the	the	DET
ftr-330	451	56	stock	stock	NOUN
ftr-330	451	57	becomes	become	VERB
ftr-330	451	58	worthless	worthless	ADJ
ftr-330	451	59	under	under	ADP
ftr-330	451	60	the	the	DET
ftr-330	451	61	normal	normal	ADJ
ftr-330	451	62	facts	fact	NOUN
ftr-330	451	63	and	and	CCONJ
ftr-330	451	64	circumstances	circumstance	NOUN
ftr-330	451	65	test	test	NOUN
ftr-330	451	66	of	of	ADP
ftr-330	451	67	section	section	NOUN
ftr-330	451	68	165(g	165(g	NUM
ftr-330	451	69	)	)	PUNCT
ftr-330	451	70	to	to	ADP
ftr-330	451	71	the	the	DET
ftr-330	451	72	date	date	NOUN
ftr-330	451	73	on	on	ADP
ftr-330	451	74	which	which	PRON
ftr-330	451	75	substantially	substantially	ADV
ftr-330	451	76	all	all	PRON
ftr-330	451	77	of	of	ADP
ftr-330	451	78	the	the	DET
ftr-330	451	79	subsidiary	subsidiary	NOUN
ftr-330	451	80	’s	’s	PART
ftr-330	451	81	assets	asset	NOUN
ftr-330	451	82	are	be	AUX
ftr-330	451	83	disposed	dispose	VERB
ftr-330	451	84	of	of	ADP
ftr-330	451	85	or	or	CCONJ
ftr-330	451	86	abandoned	abandon	VERB
ftr-330	451	87	or	or	CCONJ
ftr-330	451	88	the	the	DET
ftr-330	451	89	date	date	NOUN
ftr-330	451	90	on	on	ADP
ftr-330	451	91	which	which	PRON
ftr-330	451	92	the	the	DET
ftr-330	451	93	subsidiary	subsidiary	NOUN
ftr-330	451	94	realizes	realize	VERB
ftr-330	451	95	cancellation	cancellation	NOUN
ftr-330	451	96	of	of	ADP
ftr-330	451	97	indebtedness	indebtedness	NOUN
ftr-330	451	98	income	income	NOUN
ftr-330	451	99	that	that	PRON
ftr-330	451	100	is	be	AUX
ftr-330	451	101	accorded	accord	VERB
ftr-330	451	102	nonrecognition	nonrecognition	NOUN
ftr-330	451	103	under	under	ADP
ftr-330	451	104	section	section	NOUN
ftr-330	451	105	108(a	108(a	PROPN
ftr-330	451	106	)	)	PUNCT
ftr-330	451	107	by	by	ADP
ftr-330	451	108	virtue	virtue	NOUN
ftr-330	451	109	of	of	ADP
ftr-330	451	110	insolvency	insolvency	NOUN
ftr-330	451	111	or	or	CCONJ
ftr-330	451	112	in	in	ADP
ftr-330	451	113	a	a	DET
ftr-330	451	114	bankruptcy	bankruptcy	NOUN
ftr-330	451	115	proceeding.92	proceeding.92	NOUN
ftr-330	451	116	in	in	ADP
ftr-330	451	117	garvey	garvey	PROPN
ftr-330	451	118	,	,	PUNCT
ftr-330	451	119	inc	inc	PROPN
ftr-330	451	120	.	.	PROPN
ftr-330	451	121	v.	v.	PROPN
ftr-330	451	122	united	united	PROPN
ftr-330	451	123	states,93	states,93	PROPN
ftr-330	451	124	the	the	DET
ftr-330	451	125	parent	parent	NOUN
ftr-330	451	126	corporation	corporation	NOUN
ftr-330	451	127	acquired	acquire	VERB
ftr-330	451	128	stock	stock	NOUN
ftr-330	451	129	of	of	ADP
ftr-330	451	130	a	a	DET
ftr-330	451	131	subsidiary	subsidiary	NOUN
ftr-330	451	132	in	in	ADP
ftr-330	451	133	a	a	DET
ftr-330	451	134	tax	tax	NOUN
ftr-330	451	135	-	-	PUNCT
ftr-330	451	136	free	free	ADJ
ftr-330	451	137	type	type	NOUN
ftr-330	451	138	(	(	PUNCT
ftr-330	451	139	b	b	NOUN
ftr-330	451	140	)	)	PUNCT
ftr-330	451	141	reorganization	reorganization	NOUN
ftr-330	451	142	(	(	PUNCT
ftr-330	451	143	an	an	DET
ftr-330	451	144	exchange	exchange	NOUN
ftr-330	451	145	of	of	ADP
ftr-330	451	146	stock	stock	NOUN
ftr-330	451	147	for	for	ADP
ftr-330	451	148	stock	stock	NOUN
ftr-330	451	149	under	under	ADP
ftr-330	451	150	section	section	NOUN
ftr-330	451	151	368(a)(1)(b	368(a)(1)(b	PROPN
ftr-330	451	152	)	)	PUNCT
ftr-330	451	153	pursuant	pursuant	NOUN
ftr-330	451	154	to	to	ADP
ftr-330	451	155	which	which	PRON
ftr-330	451	156	under	under	ADP
ftr-330	451	157	section	section	NOUN
ftr-330	451	158	354	354	NUM
ftr-330	451	159	no	no	DET
ftr-330	451	160	gain	gain	NOUN
ftr-330	451	161	or	or	CCONJ
ftr-330	451	162	loss	loss	NOUN
ftr-330	451	163	is	be	AUX
ftr-330	451	164	recognized	recognize	VERB
ftr-330	451	165	)	)	PUNCT
ftr-330	451	166	that	that	PRON
ftr-330	451	167	resulted	result	VERB
ftr-330	451	168	in	in	ADP
ftr-330	451	169	a	a	DET
ftr-330	451	170	$	$	SYM
ftr-330	451	171	250,000	250,000	NUM
ftr-330	451	172	basis	basis	NOUN
ftr-330	451	173	in	in	ADP
ftr-330	451	174	the	the	DET
ftr-330	451	175	subsidiary	subsidiary	NOUN
ftr-330	451	176	stock	stock	NOUN
ftr-330	451	177	for	for	ADP
ftr-330	451	178	the	the	DET
ftr-330	451	179	common	common	ADJ
ftr-330	451	180	parent	parent	NOUN
ftr-330	451	181	under	under	ADP
ftr-330	451	182	section	section	NOUN
ftr-330	451	183	358	358	NUM
ftr-330	451	184	.	.	PUNCT
ftr-330	452	1	subsequent	subsequent	ADJ
ftr-330	452	2	to	to	ADP
ftr-330	452	3	acquisition	acquisition	NOUN
ftr-330	452	4	,	,	PUNCT
ftr-330	452	5	the	the	DET
ftr-330	452	6	subsidiary	subsidiary	NOUN
ftr-330	452	7	distributed	distribute	VERB
ftr-330	452	8	$	$	SYM
ftr-330	452	9	4.9	4.9	NUM
ftr-330	452	10	million	million	NUM
ftr-330	452	11	in	in	ADP
ftr-330	452	12	dividends	dividend	NOUN
ftr-330	452	13	out	out	ADP
ftr-330	452	14	of	of	ADP
ftr-330	452	15	preaffiliation	preaffiliation	NOUN
ftr-330	452	16	earnings	earning	NOUN
ftr-330	452	17	and	and	CCONJ
ftr-330	452	18	profits	profit	NOUN
ftr-330	452	19	.	.	PUNCT
ftr-330	453	1	under	under	ADP
ftr-330	453	2	the	the	DET
ftr-330	453	3	predecessor	predecessor	NOUN
ftr-330	453	4	of	of	ADP
ftr-330	453	5	treasury	treasury	PROPN
ftr-330	453	6	regulations	regulation	NOUN
ftr-330	453	7	sections	section	NOUN
ftr-330	453	8	1.1502–32(b)(2)(iv	1.1502–32(b)(2)(iv	NUM
ftr-330	453	9	)	)	PUNCT
ftr-330	453	10	and	and	CCONJ
ftr-330	453	11	1.1502–19(a)(2	1.1502–19(a)(2	NUM
ftr-330	453	12	)	)	PUNCT
ftr-330	453	13	,	,	PUNCT
ftr-330	453	14	the	the	DET
ftr-330	453	15	dividend	dividend	NOUN
ftr-330	453	16	distribution	distribution	NOUN
ftr-330	453	17	created	create	VERB
ftr-330	453	18	an	an	DET
ftr-330	453	19	excess	excess	ADJ
ftr-330	453	20	loss	loss	NOUN
ftr-330	453	21	account	account	NOUN
ftr-330	453	22	of	of	ADP
ftr-330	453	23	$	$	SYM
ftr-330	453	24	4.65	4.65	NUM
ftr-330	453	25	million	million	NUM
ftr-330	453	26	which	which	PRON
ftr-330	453	27	was	be	AUX
ftr-330	453	28	required	require	VERB
ftr-330	453	29	to	to	PART
ftr-330	453	30	be	be	AUX
ftr-330	453	31	recognized	recognize	VERB
ftr-330	453	32	as	as	ADP
ftr-330	453	33	income	income	NOUN
ftr-330	453	34	when	when	SCONJ
ftr-330	453	35	the	the	DET
ftr-330	453	36	group	group	NOUN
ftr-330	453	37	disaffiliated	disaffiliate	VERB
ftr-330	453	38	.	.	PUNCT
ftr-330	454	1	the	the	DET
ftr-330	454	2	court	court	NOUN
ftr-330	454	3	rejected	reject	VERB
ftr-330	454	4	the	the	DET
ftr-330	454	5	taxpayer	taxpayer	NOUN
ftr-330	454	6	’s	’s	PART
ftr-330	454	7	argument	argument	NOUN
ftr-330	454	8	that	that	SCONJ
ftr-330	454	9	application	application	NOUN
ftr-330	454	10	of	of	ADP
ftr-330	454	11	the	the	DET
ftr-330	454	12	regulations	regulation	NOUN
ftr-330	454	13	unfairly	unfairly	ADV
ftr-330	454	14	created	create	VERB
ftr-330	454	15	phantom	phantom	ADJ
ftr-330	454	16	income	income	NOUN
ftr-330	454	17	that	that	PRON
ftr-330	454	18	would	would	AUX
ftr-330	454	19	not	not	PART
ftr-330	454	20	have	have	AUX
ftr-330	454	21	existed	exist	VERB
ftr-330	454	22	had	have	VERB
ftr-330	454	23	the	the	DET
ftr-330	454	24	group	group	NOUN
ftr-330	454	25	filed	file	VERB
ftr-330	454	26	separate	separate	ADJ
ftr-330	454	27	tax	tax	NOUN
ftr-330	454	28	returns	return	NOUN
ftr-330	454	29	.	.	PUNCT
ftr-330	455	1	the	the	DET
ftr-330	455	2	court	court	NOUN
ftr-330	455	3	pointed	point	VERB
ftr-330	455	4	out	out	ADP
ftr-330	455	5	that	that	SCONJ
ftr-330	455	6	in	in	ADP
ftr-330	455	7	electing	elect	VERB
ftr-330	455	8	consolidated	consolidated	ADJ
ftr-330	455	9	treatment	treatment	NOUN
ftr-330	455	10	the	the	DET
ftr-330	455	11	taxpayer	taxpayer	NOUN
ftr-330	455	12	“	"	PUNCT
ftr-330	455	13	must	must	AUX
ftr-330	455	14	now	now	ADV
ftr-330	455	15	take	take	VERB
ftr-330	455	16	the	the	DET
ftr-330	455	17	bitter	bitter	ADJ
ftr-330	455	18	with	with	ADP
ftr-330	455	19	the	the	DET
ftr-330	455	20	sweet	sweet	ADJ
ftr-330	455	21	.	.	PUNCT
ftr-330	455	22	”94	”94	PROPN
ftr-330	455	23	90	90	NUM
ftr-330	455	24	.	.	PUNCT
ftr-330	456	1	reg	reg	NOUN
ftr-330	456	2	.	.	PUNCT
ftr-330	457	1	§	§	PROPN
ftr-330	457	2	1.1502–19(b)(2)(i	1.1502–19(b)(2)(i	NUM
ftr-330	457	3	)	)	PUNCT
ftr-330	457	4	.	.	PUNCT
ftr-330	458	1	91	91	NUM
ftr-330	458	2	.	.	PUNCT
ftr-330	459	1	reg	reg	NOUN
ftr-330	459	2	.	.	PUNCT
ftr-330	460	1	§	§	PROPN
ftr-330	460	2	1.1502–19(c)(1)(iii	1.1502–19(c)(1)(iii	NUM
ftr-330	460	3	)	)	PUNCT
ftr-330	460	4	and	and	CCONJ
ftr-330	460	5	(	(	PUNCT
ftr-330	460	6	2	2	NUM
ftr-330	460	7	)	)	PUNCT
ftr-330	460	8	.	.	PUNCT
ftr-330	461	1	92	92	NUM
ftr-330	461	2	.	.	PUNCT
ftr-330	462	1	reg	reg	NOUN
ftr-330	462	2	.	.	PUNCT
ftr-330	463	1	§	§	PROPN
ftr-330	463	2	1.1502–19(c)(1)(iii	1.1502–19(c)(1)(iii	NUM
ftr-330	463	3	)	)	PUNCT
ftr-330	463	4	.	.	PUNCT
ftr-330	464	1	93	93	NUM
ftr-330	464	2	.	.	X
ftr-330	465	1	726	726	NUM
ftr-330	465	2	f.2d	f.2d	SYM
ftr-330	465	3	1569	1569	NUM
ftr-330	465	4	(	(	PUNCT
ftr-330	465	5	fed	fed	PROPN
ftr-330	465	6	.	.	PUNCT
ftr-330	465	7	cir	cir	PROPN
ftr-330	465	8	.	.	PUNCT
ftr-330	465	9	1984	1984	NUM
ftr-330	465	10	)	)	PUNCT
ftr-330	465	11	.	.	PUNCT
ftr-330	466	1	94	94	NUM
ftr-330	466	2	.	.	PUNCT
ftr-330	467	1	i	i	PRON
ftr-330	467	2	d.	d.	PROPN
ftr-330	467	3	at	at	ADP
ftr-330	467	4	1571	1571	NUM
ftr-330	467	5	.	.	PUNCT
ftr-330	468	1	2012	2012	NUM
ftr-330	468	2	]	]	PUNCT
ftr-330	468	3	understanding	understand	VERB
ftr-330	468	4	consolidated	consolidated	ADJ
ftr-330	468	5	returns	return	NOUN
ftr-330	468	6	147	147	NUM
ftr-330	468	7	b.	b.	NOUN
ftr-330	468	8	section	section	NOUN
ftr-330	468	9	357(c	357(c	PROPN
ftr-330	468	10	)	)	PUNCT
ftr-330	468	11	situations	situation	NOUN
ftr-330	468	12	in	in	ADP
ftr-330	468	13	the	the	DET
ftr-330	468	14	consolidated	consolidated	ADJ
ftr-330	468	15	return	return	NOUN
ftr-330	468	16	context	context	NOUN
ftr-330	468	17	,	,	PUNCT
ftr-330	468	18	the	the	DET
ftr-330	468	19	regulations	regulation	NOUN
ftr-330	468	20	provide	provide	VERB
ftr-330	468	21	that	that	DET
ftr-330	468	22	section	section	NOUN
ftr-330	468	23	357(c	357(c	PROPN
ftr-330	468	24	)	)	PUNCT
ftr-330	468	25	does	do	AUX
ftr-330	468	26	not	not	PART
ftr-330	468	27	apply	apply	VERB
ftr-330	468	28	to	to	ADP
ftr-330	468	29	an	an	DET
ftr-330	468	30	intercompany	intercompany	NOUN
ftr-330	468	31	transaction.95	transaction.95	NOUN
ftr-330	468	32	instead	instead	ADV
ftr-330	468	33	,	,	PUNCT
ftr-330	468	34	section	section	NOUN
ftr-330	468	35	358	358	NUM
ftr-330	468	36	applies	apply	VERB
ftr-330	468	37	,	,	PUNCT
ftr-330	468	38	sometimes	sometimes	ADV
ftr-330	468	39	resulting	result	VERB
ftr-330	468	40	in	in	ADP
ftr-330	468	41	a	a	DET
ftr-330	468	42	negative	negative	ADJ
ftr-330	468	43	basis	basis	NOUN
ftr-330	468	44	(	(	PUNCT
ftr-330	468	45	i.e.	i.e.	X
ftr-330	468	46	,	,	PUNCT
ftr-330	468	47	excess	excess	ADJ
ftr-330	468	48	loss	loss	NOUN
ftr-330	468	49	account	account	NOUN
ftr-330	468	50	)	)	PUNCT
ftr-330	468	51	,	,	PUNCT
ftr-330	468	52	due	due	ADP
ftr-330	468	53	to	to	ADP
ftr-330	468	54	investment	investment	NOUN
ftr-330	468	55	adjustments	adjustment	NOUN
ftr-330	468	56	.	.	PUNCT
ftr-330	469	1	suppose	suppose	VERB
ftr-330	469	2	that	that	SCONJ
ftr-330	469	3	p	p	PROPN
ftr-330	469	4	corporation	corporation	NOUN
ftr-330	469	5	,	,	PUNCT
ftr-330	469	6	the	the	DET
ftr-330	469	7	parent	parent	NOUN
ftr-330	469	8	of	of	ADP
ftr-330	469	9	a	a	DET
ftr-330	469	10	consolidated	consolidated	ADJ
ftr-330	469	11	group	group	NOUN
ftr-330	469	12	,	,	PUNCT
ftr-330	469	13	forms	form	NOUN
ftr-330	469	14	s	s	PART
ftr-330	469	15	corporation	corporation	NOUN
ftr-330	469	16	,	,	PUNCT
ftr-330	469	17	which	which	PRON
ftr-330	469	18	immediately	immediately	ADV
ftr-330	469	19	becomes	become	VERB
ftr-330	469	20	a	a	DET
ftr-330	469	21	member	member	NOUN
ftr-330	469	22	of	of	ADP
ftr-330	469	23	the	the	DET
ftr-330	469	24	p	p	PROPN
ftr-330	469	25	corporation	corporation	NOUN
ftr-330	469	26	consolidated	consolidated	ADJ
ftr-330	469	27	group	group	NOUN
ftr-330	469	28	.	.	PUNCT
ftr-330	470	1	in	in	ADP
ftr-330	470	2	exchange	exchange	NOUN
ftr-330	470	3	for	for	ADP
ftr-330	470	4	all	all	PRON
ftr-330	470	5	of	of	ADP
ftr-330	470	6	the	the	DET
ftr-330	470	7	stock	stock	NOUN
ftr-330	470	8	of	of	ADP
ftr-330	470	9	s	s	NOUN
ftr-330	470	10	corporation	corporation	NOUN
ftr-330	470	11	p	p	NOUN
ftr-330	470	12	contributes	contribute	VERB
ftr-330	470	13	to	to	ADP
ftr-330	470	14	s	s	PROPN
ftr-330	470	15	an	an	DET
ftr-330	470	16	asset	asset	NOUN
ftr-330	470	17	with	with	ADP
ftr-330	470	18	a	a	DET
ftr-330	470	19	basis	basis	NOUN
ftr-330	470	20	of	of	ADP
ftr-330	470	21	$	$	SYM
ftr-330	470	22	100	100	NUM
ftr-330	470	23	,	,	PUNCT
ftr-330	470	24	subject	subject	ADJ
ftr-330	470	25	to	to	ADP
ftr-330	470	26	a	a	DET
ftr-330	470	27	liability	liability	NOUN
ftr-330	470	28	of	of	ADP
ftr-330	470	29	$	$	SYM
ftr-330	470	30	130	130	NUM
ftr-330	470	31	,	,	PUNCT
ftr-330	470	32	which	which	PRON
ftr-330	470	33	s	s	VERB
ftr-330	470	34	corporation	corporation	NOUN
ftr-330	470	35	assumes	assume	VERB
ftr-330	470	36	.	.	PUNCT
ftr-330	471	1	apart	apart	ADV
ftr-330	471	2	from	from	ADP
ftr-330	471	3	the	the	DET
ftr-330	471	4	consolidated	consolidated	ADJ
ftr-330	471	5	return	return	NOUN
ftr-330	471	6	rules	rule	NOUN
ftr-330	471	7	,	,	PUNCT
ftr-330	471	8	section	section	NOUN
ftr-330	471	9	357(c	357(c	PROPN
ftr-330	471	10	)	)	PUNCT
ftr-330	471	11	would	would	AUX
ftr-330	471	12	require	require	VERB
ftr-330	471	13	p	p	X
ftr-330	471	14	to	to	PART
ftr-330	471	15	recognize	recognize	VERB
ftr-330	471	16	gain	gain	NOUN
ftr-330	471	17	of	of	ADP
ftr-330	471	18	$	$	SYM
ftr-330	471	19	30	30	NUM
ftr-330	471	20	—	—	PUNCT
ftr-330	471	21	an	an	DET
ftr-330	471	22	amount	amount	NOUN
ftr-330	471	23	equal	equal	ADJ
ftr-330	471	24	to	to	ADP
ftr-330	471	25	the	the	DET
ftr-330	471	26	excess	excess	NOUN
ftr-330	471	27	of	of	ADP
ftr-330	471	28	the	the	DET
ftr-330	471	29	liabilities	liability	NOUN
ftr-330	471	30	assumed	assume	VERB
ftr-330	471	31	over	over	ADP
ftr-330	471	32	the	the	DET
ftr-330	471	33	basis	basis	NOUN
ftr-330	471	34	of	of	ADP
ftr-330	471	35	the	the	DET
ftr-330	471	36	property	property	NOUN
ftr-330	471	37	transferred	transfer	VERB
ftr-330	471	38	.	.	PUNCT
ftr-330	472	1	but	but	CCONJ
ftr-330	472	2	p	p	NOUN
ftr-330	472	3	corporation	corporation	NOUN
ftr-330	472	4	takes	take	VERB
ftr-330	472	5	a	a	DET
ftr-330	472	6	basis	basis	NOUN
ftr-330	472	7	of	of	ADP
ftr-330	472	8	negative	negative	ADJ
ftr-330	472	9	$	$	SYM
ftr-330	472	10	30	30	NUM
ftr-330	472	11	in	in	ADP
ftr-330	472	12	the	the	DET
ftr-330	472	13	stock	stock	NOUN
ftr-330	472	14	of	of	ADP
ftr-330	472	15	s	s	PROPN
ftr-330	472	16	corporation	corporation	NOUN
ftr-330	472	17	,	,	PUNCT
ftr-330	472	18	and	and	CCONJ
ftr-330	472	19	s	s	VERB
ftr-330	472	20	corporation	corporation	NOUN
ftr-330	472	21	’s	’s	PART
ftr-330	472	22	basis	basis	NOUN
ftr-330	472	23	in	in	ADP
ftr-330	472	24	the	the	DET
ftr-330	472	25	asset	asset	NOUN
ftr-330	472	26	remains	remain	VERB
ftr-330	472	27	$	$	SYM
ftr-330	472	28	100.96	100.96	NUM
ftr-330	472	29	c.	c.	NOUN
ftr-330	472	30	unified	unify	VERB
ftr-330	472	31	loss	loss	NOUN
ftr-330	472	32	rules	rule	NOUN
ftr-330	472	33	1	1	NUM
ftr-330	472	34	.	.	PUNCT
ftr-330	472	35	generally	generally	ADV
ftr-330	472	36	in	in	ADP
ftr-330	472	37	some	some	DET
ftr-330	472	38	cases	case	NOUN
ftr-330	472	39	,	,	PUNCT
ftr-330	472	40	application	application	NOUN
ftr-330	472	41	of	of	ADP
ftr-330	472	42	the	the	DET
ftr-330	472	43	investment	investment	NOUN
ftr-330	472	44	adjustment	adjustment	NOUN
ftr-330	472	45	rules	rule	VERB
ftr-330	472	46	conflicts	conflict	NOUN
ftr-330	472	47	with	with	ADP
ftr-330	472	48	the	the	DET
ftr-330	472	49	principles	principle	NOUN
ftr-330	472	50	of	of	ADP
ftr-330	472	51	sections	section	NOUN
ftr-330	472	52	311	311	NUM
ftr-330	472	53	and	and	CCONJ
ftr-330	472	54	336	336	NUM
ftr-330	472	55	,	,	PUNCT
ftr-330	472	56	which	which	PRON
ftr-330	472	57	require	require	VERB
ftr-330	472	58	recognition	recognition	NOUN
ftr-330	472	59	of	of	ADP
ftr-330	472	60	gain	gain	NOUN
ftr-330	472	61	on	on	ADP
ftr-330	472	62	the	the	DET
ftr-330	472	63	distribution	distribution	NOUN
ftr-330	472	64	by	by	ADP
ftr-330	472	65	a	a	DET
ftr-330	472	66	corporation	corporation	NOUN
ftr-330	472	67	of	of	ADP
ftr-330	472	68	appreciated	appreciated	ADJ
ftr-330	472	69	property	property	NOUN
ftr-330	472	70	,	,	PUNCT
ftr-330	472	71	and	and	CCONJ
ftr-330	472	72	permit	permit	VERB
ftr-330	472	73	the	the	DET
ftr-330	472	74	recognition	recognition	NOUN
ftr-330	472	75	of	of	ADP
ftr-330	472	76	loss	loss	NOUN
ftr-330	472	77	on	on	ADP
ftr-330	472	78	the	the	DET
ftr-330	472	79	distribution	distribution	NOUN
ftr-330	472	80	of	of	ADP
ftr-330	472	81	depreciated	depreciate	VERB
ftr-330	472	82	property	property	NOUN
ftr-330	472	83	by	by	ADP
ftr-330	472	84	a	a	DET
ftr-330	472	85	liquidating	liquidating	NOUN
ftr-330	472	86	corporation	corporation	NOUN
ftr-330	472	87	,	,	PUNCT
ftr-330	472	88	because	because	SCONJ
ftr-330	472	89	it	it	PRON
ftr-330	472	90	permits	permit	VERB
ftr-330	472	91	assets	asset	NOUN
ftr-330	472	92	that	that	PRON
ftr-330	472	93	are	be	AUX
ftr-330	472	94	sold	sell	VERB
ftr-330	472	95	out	out	ADP
ftr-330	472	96	of	of	ADP
ftr-330	472	97	the	the	DET
ftr-330	472	98	consolidated	consolidated	ADJ
ftr-330	472	99	group	group	NOUN
ftr-330	472	100	to	to	PART
ftr-330	472	101	obtain	obtain	VERB
ftr-330	472	102	a	a	DET
ftr-330	472	103	step	step	NOUN
ftr-330	472	104	up	up	ADP
ftr-330	472	105	in	in	ADP
ftr-330	472	106	basis	basis	NOUN
ftr-330	472	107	without	without	ADP
ftr-330	472	108	the	the	DET
ftr-330	472	109	payment	payment	NOUN
ftr-330	472	110	of	of	ADP
ftr-330	472	111	a	a	DET
ftr-330	472	112	current	current	ADJ
ftr-330	472	113	corporate	corporate	ADJ
ftr-330	472	114	level	level	NOUN
ftr-330	472	115	tax	tax	NOUN
ftr-330	472	116	.	.	PUNCT
ftr-330	473	1	suppose	suppose	VERB
ftr-330	473	2	,	,	PUNCT
ftr-330	473	3	for	for	ADP
ftr-330	473	4	example	example	NOUN
ftr-330	473	5	,	,	PUNCT
ftr-330	473	6	that	that	PRON
ftr-330	473	7	s	s	VERB
ftr-330	473	8	corporation	corporation	NOUN
ftr-330	473	9	holds	hold	VERB
ftr-330	473	10	a	a	DET
ftr-330	473	11	single	single	ADJ
ftr-330	473	12	asset	asset	NOUN
ftr-330	473	13	with	with	ADP
ftr-330	473	14	a	a	DET
ftr-330	473	15	basis	basis	NOUN
ftr-330	473	16	of	of	ADP
ftr-330	473	17	$	$	SYM
ftr-330	473	18	100	100	NUM
ftr-330	473	19	and	and	CCONJ
ftr-330	473	20	a	a	DET
ftr-330	473	21	fair	fair	ADJ
ftr-330	473	22	market	market	NOUN
ftr-330	473	23	value	value	NOUN
ftr-330	473	24	of	of	ADP
ftr-330	473	25	$	$	SYM
ftr-330	473	26	300	300	NUM
ftr-330	473	27	.	.	PUNCT
ftr-330	474	1	p	p	NOUN
ftr-330	474	2	corporation	corporation	NOUN
ftr-330	474	3	purchases	purchase	VERB
ftr-330	474	4	all	all	PRON
ftr-330	474	5	of	of	ADP
ftr-330	474	6	the	the	DET
ftr-330	474	7	stock	stock	NOUN
ftr-330	474	8	of	of	ADP
ftr-330	474	9	s	s	NOUN
ftr-330	474	10	corporation	corporation	NOUN
ftr-330	474	11	for	for	ADP
ftr-330	474	12	$	$	SYM
ftr-330	474	13	300	300	NUM
ftr-330	474	14	,	,	PUNCT
ftr-330	474	15	p	p	NOUN
ftr-330	474	16	and	and	CCONJ
ftr-330	474	17	s	s	AUX
ftr-330	474	18	do	do	AUX
ftr-330	474	19	not	not	PART
ftr-330	474	20	make	make	VERB
ftr-330	474	21	a	a	DET
ftr-330	474	22	section	section	NOUN
ftr-330	474	23	338	338	NUM
ftr-330	474	24	election	election	NOUN
ftr-330	474	25	,	,	PUNCT
ftr-330	474	26	and	and	CCONJ
ftr-330	474	27	p	p	NOUN
ftr-330	474	28	and	and	CCONJ
ftr-330	474	29	s	s	PROPN
ftr-330	474	30	corporations	corporation	NOUN
ftr-330	474	31	elect	elect	VERB
ftr-330	474	32	to	to	PART
ftr-330	474	33	file	file	VERB
ftr-330	474	34	a	a	DET
ftr-330	474	35	consolidated	consolidated	ADJ
ftr-330	474	36	return	return	NOUN
ftr-330	474	37	.	.	PUNCT
ftr-330	475	1	s	s	VERB
ftr-330	475	2	corporation	corporation	NOUN
ftr-330	475	3	then	then	ADV
ftr-330	475	4	sells	sell	VERB
ftr-330	475	5	the	the	DET
ftr-330	475	6	asset	asset	NOUN
ftr-330	475	7	for	for	ADP
ftr-330	475	8	$	$	SYM
ftr-330	475	9	300	300	NUM
ftr-330	475	10	.	.	PUNCT
ftr-330	476	1	s	s	PART
ftr-330	476	2	corporation	corporation	NOUN
ftr-330	476	3	recognizes	recognize	VERB
ftr-330	476	4	a	a	DET
ftr-330	476	5	$	$	SYM
ftr-330	476	6	200	200	NUM
ftr-330	476	7	gain	gain	NOUN
ftr-330	476	8	,	,	PUNCT
ftr-330	476	9	and	and	CCONJ
ftr-330	476	10	p	p	NOUN
ftr-330	476	11	corporation	corporation	NOUN
ftr-330	476	12	increases	increase	VERB
ftr-330	476	13	its	its	PRON
ftr-330	476	14	basis	basis	NOUN
ftr-330	476	15	in	in	ADP
ftr-330	476	16	the	the	DET
ftr-330	476	17	s	s	PART
ftr-330	476	18	corporation	corporation	NOUN
ftr-330	476	19	stock	stock	NOUN
ftr-330	476	20	from	from	ADP
ftr-330	476	21	$	$	SYM
ftr-330	476	22	300	300	NUM
ftr-330	476	23	to	to	PART
ftr-330	476	24	$	$	SYM
ftr-330	476	25	500	500	NUM
ftr-330	476	26	.	.	PUNCT
ftr-330	477	1	p	p	NOUN
ftr-330	477	2	corporation	corporation	NOUN
ftr-330	477	3	then	then	ADV
ftr-330	477	4	sells	sell	VERB
ftr-330	477	5	the	the	DET
ftr-330	477	6	stock	stock	NOUN
ftr-330	477	7	of	of	ADP
ftr-330	477	8	s	s	NOUN
ftr-330	477	9	corporation	corporation	NOUN
ftr-330	477	10	for	for	ADP
ftr-330	477	11	$	$	SYM
ftr-330	477	12	300	300	NUM
ftr-330	477	13	,	,	PUNCT
ftr-330	477	14	realizing	realize	VERB
ftr-330	477	15	a	a	DET
ftr-330	477	16	$	$	SYM
ftr-330	477	17	200	200	NUM
ftr-330	477	18	loss	loss	NOUN
ftr-330	477	19	,	,	PUNCT
ftr-330	477	20	which	which	PRON
ftr-330	477	21	offsets	offset	VERB
ftr-330	477	22	the	the	DET
ftr-330	477	23	$	$	SYM
ftr-330	477	24	200	200	NUM
ftr-330	477	25	gain	gain	NOUN
ftr-330	477	26	.	.	PUNCT
ftr-330	478	1	absent	absent	ADJ
ftr-330	478	2	a	a	DET
ftr-330	478	3	limitation	limitation	NOUN
ftr-330	478	4	on	on	ADP
ftr-330	478	5	the	the	DET
ftr-330	478	6	recognition	recognition	NOUN
ftr-330	478	7	of	of	ADP
ftr-330	478	8	this	this	DET
ftr-330	478	9	loss	loss	NOUN
ftr-330	478	10	,	,	PUNCT
ftr-330	478	11	tax	tax	NOUN
ftr-330	478	12	on	on	ADP
ftr-330	478	13	the	the	DET
ftr-330	478	14	gain	gain	NOUN
ftr-330	478	15	realized	realize	VERB
ftr-330	478	16	from	from	ADP
ftr-330	478	17	the	the	DET
ftr-330	478	18	sale	sale	NOUN
ftr-330	478	19	of	of	ADP
ftr-330	478	20	the	the	DET
ftr-330	478	21	assets	asset	NOUN
ftr-330	478	22	effectively	effectively	ADV
ftr-330	478	23	would	would	AUX
ftr-330	478	24	be	be	AUX
ftr-330	478	25	eliminated	eliminate	VERB
ftr-330	478	26	by	by	ADP
ftr-330	478	27	p	p	PROPN
ftr-330	478	28	corporation	corporation	NOUN
ftr-330	478	29	’s	’s	PART
ftr-330	478	30	loss	loss	NOUN
ftr-330	478	31	on	on	ADP
ftr-330	478	32	the	the	DET
ftr-330	478	33	sale	sale	NOUN
ftr-330	478	34	of	of	ADP
ftr-330	478	35	the	the	DET
ftr-330	478	36	stock	stock	NOUN
ftr-330	478	37	of	of	ADP
ftr-330	478	38	s.	s.	PROPN
ftr-330	478	39	p	p	PROPN
ftr-330	478	40	corporation	corporation	PROPN
ftr-330	478	41	’s	’s	PART
ftr-330	478	42	tax	tax	NOUN
ftr-330	478	43	loss	loss	NOUN
ftr-330	478	44	is	be	AUX
ftr-330	478	45	artificial	artificial	ADJ
ftr-330	478	46	;	;	PUNCT
ftr-330	478	47	it	it	PRON
ftr-330	478	48	does	do	AUX
ftr-330	478	49	not	not	PART
ftr-330	478	50	reflect	reflect	VERB
ftr-330	478	51	an	an	DET
ftr-330	478	52	economic	economic	ADJ
ftr-330	478	53	loss	loss	NOUN
ftr-330	478	54	.	.	PUNCT
ftr-330	479	1	the	the	DET
ftr-330	479	2	same	same	ADJ
ftr-330	479	3	problem	problem	NOUN
ftr-330	479	4	arises	arise	VERB
ftr-330	479	5	if	if	SCONJ
ftr-330	479	6	the	the	DET
ftr-330	479	7	asset	asset	NOUN
ftr-330	479	8	is	be	AUX
ftr-330	479	9	a	a	DET
ftr-330	479	10	depreciable	depreciable	ADJ
ftr-330	479	11	asset	asset	NOUN
ftr-330	479	12	which	which	PRON
ftr-330	479	13	is	be	AUX
ftr-330	479	14	consumed	consume	VERB
ftr-330	479	15	in	in	ADP
ftr-330	479	16	the	the	DET
ftr-330	479	17	course	course	NOUN
ftr-330	479	18	of	of	ADP
ftr-330	479	19	s	s	PART
ftr-330	479	20	corporation	corporation	NOUN
ftr-330	479	21	’s	’s	PART
ftr-330	479	22	business	business	NOUN
ftr-330	479	23	.	.	PUNCT
ftr-330	480	1	95	95	NUM
ftr-330	480	2	.	.	PUNCT
ftr-330	481	1	reg	reg	NOUN
ftr-330	481	2	.	.	PUNCT
ftr-330	482	1	§	§	PROPN
ftr-330	482	2	1.1502–80(d	1.1502–80(d	NUM
ftr-330	482	3	)	)	PUNCT
ftr-330	482	4	.	.	PUNCT
ftr-330	483	1	96	96	NUM
ftr-330	483	2	.	.	PUNCT
ftr-330	484	1	i	i	PRON
ftr-330	484	2	d.	d.	PROPN
ftr-330	484	3	148	148	NUM
ftr-330	484	4	florida	florida	PROPN
ftr-330	484	5	tax	tax	NOUN
ftr-330	484	6	review	review	NOUN
ftr-330	485	1	[	[	X
ftr-330	485	2	vol	vol	NOUN
ftr-330	485	3	.	.	NOUN
ftr-330	485	4	12:3	12:3	NUM
ftr-330	485	5	to	to	PART
ftr-330	485	6	deal	deal	VERB
ftr-330	485	7	with	with	ADP
ftr-330	485	8	this	this	DET
ftr-330	485	9	issue	issue	NOUN
ftr-330	485	10	,	,	PUNCT
ftr-330	485	11	treasury	treasury	NOUN
ftr-330	485	12	regulation	regulation	NOUN
ftr-330	485	13	section	section	NOUN
ftr-330	485	14	1.1502–36	1.1502–36	PRON
ftr-330	485	15	provides	provide	VERB
ftr-330	485	16	unified	unified	ADJ
ftr-330	485	17	rules	rule	NOUN
ftr-330	485	18	for	for	ADP
ftr-330	485	19	loss	loss	NOUN
ftr-330	485	20	on	on	ADP
ftr-330	485	21	subsidiary	subsidiary	NOUN
ftr-330	485	22	stock	stock	NOUN
ftr-330	485	23	transferred	transfer	VERB
ftr-330	485	24	by	by	ADP
ftr-330	485	25	a	a	DET
ftr-330	485	26	member	member	NOUN
ftr-330	485	27	of	of	ADP
ftr-330	485	28	an	an	DET
ftr-330	485	29	affiliated	affiliated	ADJ
ftr-330	485	30	group	group	NOUN
ftr-330	485	31	filing	file	VERB
ftr-330	485	32	a	a	DET
ftr-330	485	33	consolidated	consolidated	ADJ
ftr-330	485	34	return	return	NOUN
ftr-330	485	35	.	.	PUNCT
ftr-330	486	1	a	a	DET
ftr-330	486	2	transfer	transfer	NOUN
ftr-330	486	3	of	of	ADP
ftr-330	486	4	a	a	DET
ftr-330	486	5	loss	loss	NOUN
ftr-330	486	6	share	share	NOUN
ftr-330	486	7	of	of	ADP
ftr-330	486	8	stock	stock	NOUN
ftr-330	486	9	(	(	PUNCT
ftr-330	486	10	defined	define	VERB
ftr-330	486	11	as	as	ADP
ftr-330	486	12	a	a	DET
ftr-330	486	13	share	share	NOUN
ftr-330	486	14	of	of	ADP
ftr-330	486	15	stock	stock	NOUN
ftr-330	486	16	of	of	ADP
ftr-330	486	17	an	an	DET
ftr-330	486	18	affiliate	affiliate	NOUN
ftr-330	486	19	having	have	VERB
ftr-330	486	20	a	a	DET
ftr-330	486	21	basis	basis	NOUN
ftr-330	486	22	in	in	ADP
ftr-330	486	23	excess	excess	NOUN
ftr-330	486	24	of	of	ADP
ftr-330	486	25	fair	fair	ADJ
ftr-330	486	26	market	market	NOUN
ftr-330	486	27	value	value	NOUN
ftr-330	486	28	)	)	PUNCT
ftr-330	486	29	includes	include	VERB
ftr-330	486	30	any	any	DET
ftr-330	486	31	event	event	NOUN
ftr-330	486	32	in	in	ADP
ftr-330	486	33	which	which	PRON
ftr-330	486	34	(	(	PUNCT
ftr-330	486	35	1	1	X
ftr-330	486	36	)	)	PUNCT
ftr-330	486	37	gain	gain	NOUN
ftr-330	486	38	or	or	CCONJ
ftr-330	486	39	loss	loss	NOUN
ftr-330	486	40	would	would	AUX
ftr-330	486	41	be	be	AUX
ftr-330	486	42	recognized	recognize	VERB
ftr-330	486	43	(	(	PUNCT
ftr-330	486	44	apart	apart	ADV
ftr-330	486	45	from	from	ADP
ftr-330	486	46	the	the	DET
ftr-330	486	47	rules	rule	NOUN
ftr-330	486	48	in	in	ADP
ftr-330	486	49	the	the	DET
ftr-330	486	50	regulations	regulation	NOUN
ftr-330	486	51	)	)	PUNCT
ftr-330	486	52	,	,	PUNCT
ftr-330	486	53	(	(	PUNCT
ftr-330	486	54	2	2	X
ftr-330	486	55	)	)	PUNCT
ftr-330	486	56	the	the	DET
ftr-330	486	57	holder	holder	NOUN
ftr-330	486	58	of	of	ADP
ftr-330	486	59	a	a	DET
ftr-330	486	60	share	share	NOUN
ftr-330	486	61	and	and	CCONJ
ftr-330	486	62	the	the	DET
ftr-330	486	63	subsidiary	subsidiary	NOUN
ftr-330	486	64	cease	cease	NOUN
ftr-330	486	65	to	to	PART
ftr-330	486	66	be	be	AUX
ftr-330	486	67	members	member	NOUN
ftr-330	486	68	of	of	ADP
ftr-330	486	69	the	the	DET
ftr-330	486	70	same	same	ADJ
ftr-330	486	71	group	group	NOUN
ftr-330	486	72	,	,	PUNCT
ftr-330	486	73	(	(	PUNCT
ftr-330	486	74	3	3	X
ftr-330	486	75	)	)	PUNCT
ftr-330	486	76	a	a	DET
ftr-330	486	77	nonmember	nonmember	NOUN
ftr-330	486	78	acquires	acquire	VERB
ftr-330	486	79	an	an	DET
ftr-330	486	80	outstanding	outstanding	ADJ
ftr-330	486	81	share	share	NOUN
ftr-330	486	82	from	from	ADP
ftr-330	486	83	a	a	DET
ftr-330	486	84	member	member	NOUN
ftr-330	486	85	,	,	PUNCT
ftr-330	486	86	or	or	CCONJ
ftr-330	486	87	(	(	PUNCT
ftr-330	486	88	4	4	X
ftr-330	486	89	)	)	PUNCT
ftr-330	486	90	the	the	DET
ftr-330	486	91	share	share	NOUN
ftr-330	486	92	is	be	AUX
ftr-330	486	93	treated	treat	VERB
ftr-330	486	94	as	as	ADP
ftr-330	486	95	worthless	worthless	ADJ
ftr-330	486	96	.	.	PUNCT
ftr-330	487	1	the	the	DET
ftr-330	487	2	purpose	purpose	NOUN
ftr-330	487	3	of	of	ADP
ftr-330	487	4	these	these	DET
ftr-330	487	5	rules	rule	NOUN
ftr-330	487	6	is	be	AUX
ftr-330	487	7	twofold	twofold	ADJ
ftr-330	487	8	,	,	PUNCT
ftr-330	487	9	to	to	PART
ftr-330	487	10	prevent	prevent	VERB
ftr-330	487	11	the	the	DET
ftr-330	487	12	consolidated	consolidated	ADJ
ftr-330	487	13	return	return	NOUN
ftr-330	487	14	provisions	provision	NOUN
ftr-330	487	15	from	from	ADP
ftr-330	487	16	creating	create	VERB
ftr-330	487	17	non	non	ADJ
ftr-330	487	18	–	–	ADJ
ftr-330	487	19	economic	economic	ADJ
ftr-330	487	20	losses	loss	NOUN
ftr-330	487	21	on	on	ADP
ftr-330	487	22	the	the	DET
ftr-330	487	23	sale	sale	NOUN
ftr-330	487	24	of	of	ADP
ftr-330	487	25	subsidiary	subsidiary	NOUN
ftr-330	487	26	stock	stock	NOUN
ftr-330	487	27	and	and	CCONJ
ftr-330	487	28	to	to	PART
ftr-330	487	29	prevent	prevent	VERB
ftr-330	487	30	members	member	NOUN
ftr-330	487	31	of	of	ADP
ftr-330	487	32	the	the	DET
ftr-330	487	33	affiliated	affiliated	ADJ
ftr-330	487	34	group	group	NOUN
ftr-330	487	35	filing	file	VERB
ftr-330	487	36	the	the	DET
ftr-330	487	37	consolidated	consolidated	ADJ
ftr-330	487	38	return	return	NOUN
ftr-330	487	39	from	from	ADP
ftr-330	487	40	claiming	claim	VERB
ftr-330	487	41	more	more	ADJ
ftr-330	487	42	than	than	ADP
ftr-330	487	43	one	one	NUM
ftr-330	487	44	tax	tax	NOUN
ftr-330	487	45	benefit	benefit	NOUN
ftr-330	487	46	from	from	ADP
ftr-330	487	47	a	a	DET
ftr-330	487	48	single	single	ADJ
ftr-330	487	49	economic	economic	ADJ
ftr-330	487	50	loss	loss	NOUN
ftr-330	487	51	.	.	PUNCT
ftr-330	488	1	under	under	ADP
ftr-330	488	2	the	the	DET
ftr-330	488	3	regulations	regulation	NOUN
ftr-330	488	4	,	,	PUNCT
ftr-330	488	5	any	any	DET
ftr-330	488	6	transfer	transfer	NOUN
ftr-330	488	7	of	of	ADP
ftr-330	488	8	a	a	DET
ftr-330	488	9	loss	loss	NOUN
ftr-330	488	10	share	share	NOUN
ftr-330	488	11	requires	require	VERB
ftr-330	488	12	the	the	DET
ftr-330	488	13	application	application	NOUN
ftr-330	488	14	in	in	ADP
ftr-330	488	15	sequence	sequence	NOUN
ftr-330	488	16	of	of	ADP
ftr-330	488	17	three	three	NUM
ftr-330	488	18	basis	basis	NOUN
ftr-330	488	19	rules	rule	NOUN
ftr-330	488	20	.	.	PUNCT
ftr-330	489	1	first	first	ADV
ftr-330	489	2	,	,	PUNCT
ftr-330	489	3	under	under	ADP
ftr-330	489	4	treasury	treasury	NOUN
ftr-330	489	5	regulation	regulation	NOUN
ftr-330	489	6	section	section	NOUN
ftr-330	489	7	1.1502–32	1.1502–32	PROPN
ftr-330	489	8	,	,	PUNCT
ftr-330	489	9	a	a	DET
ftr-330	489	10	basis	basis	NOUN
ftr-330	489	11	redetermination	redetermination	NOUN
ftr-330	489	12	rule	rule	NOUN
ftr-330	489	13	is	be	AUX
ftr-330	489	14	applied	apply	VERB
ftr-330	489	15	to	to	PART
ftr-330	489	16	deal	deal	VERB
ftr-330	489	17	with	with	ADP
ftr-330	489	18	tax	tax	NOUN
ftr-330	489	19	losses	loss	NOUN
ftr-330	489	20	attributable	attributable	ADJ
ftr-330	489	21	to	to	ADP
ftr-330	489	22	investment	investment	NOUN
ftr-330	489	23	adjustment	adjustment	NOUN
ftr-330	489	24	account	account	NOUN
ftr-330	489	25	allocations	allocation	NOUN
ftr-330	489	26	among	among	ADP
ftr-330	489	27	different	different	ADJ
ftr-330	489	28	shares	share	NOUN
ftr-330	489	29	of	of	ADP
ftr-330	489	30	stock	stock	NOUN
ftr-330	489	31	that	that	PRON
ftr-330	489	32	result	result	VERB
ftr-330	489	33	in	in	ADP
ftr-330	489	34	disproportionate	disproportionate	ADJ
ftr-330	489	35	reflection	reflection	NOUN
ftr-330	489	36	of	of	ADP
ftr-330	489	37	gain	gain	NOUN
ftr-330	489	38	or	or	CCONJ
ftr-330	489	39	loss	loss	NOUN
ftr-330	489	40	in	in	ADP
ftr-330	489	41	shares	share	NOUN
ftr-330	489	42	’	'	PUNCT
ftr-330	489	43	basis.97	basis.97	NOUN
ftr-330	489	44	second	second	ADJ
ftr-330	489	45	,	,	PUNCT
ftr-330	489	46	if	if	SCONJ
ftr-330	489	47	any	any	DET
ftr-330	489	48	share	share	NOUN
ftr-330	489	49	is	be	AUX
ftr-330	489	50	a	a	DET
ftr-330	489	51	loss	loss	NOUN
ftr-330	489	52	share	share	NOUN
ftr-330	489	53	after	after	ADP
ftr-330	489	54	application	application	NOUN
ftr-330	489	55	of	of	ADP
ftr-330	489	56	the	the	DET
ftr-330	489	57	basis	basis	NOUN
ftr-330	489	58	redetermination	redetermination	NOUN
ftr-330	489	59	rule	rule	NOUN
ftr-330	489	60	,	,	PUNCT
ftr-330	489	61	a	a	DET
ftr-330	489	62	basis	basis	NOUN
ftr-330	489	63	reduction	reduction	NOUN
ftr-330	489	64	rule	rule	NOUN
ftr-330	489	65	is	be	AUX
ftr-330	489	66	applied	apply	VERB
ftr-330	489	67	under	under	ADP
ftr-330	489	68	treasury	treasury	NOUN
ftr-330	489	69	regulation	regulation	NOUN
ftr-330	489	70	section	section	NOUN
ftr-330	489	71	1.1502–36(c	1.1502–36(c	NUM
ftr-330	489	72	)	)	PUNCT
ftr-330	489	73	to	to	PART
ftr-330	489	74	deal	deal	VERB
ftr-330	489	75	with	with	ADP
ftr-330	489	76	artificial	artificial	ADJ
ftr-330	489	77	loss	loss	NOUN
ftr-330	489	78	attributable	attributable	ADJ
ftr-330	489	79	to	to	ADP
ftr-330	489	80	investment	investment	NOUN
ftr-330	489	81	adjustment	adjustment	NOUN
ftr-330	489	82	account	account	NOUN
ftr-330	489	83	adjustments	adjustment	NOUN
ftr-330	489	84	,	,	PUNCT
ftr-330	489	85	but	but	CCONJ
ftr-330	489	86	this	this	DET
ftr-330	489	87	reduction	reduction	NOUN
ftr-330	489	88	does	do	AUX
ftr-330	489	89	not	not	PART
ftr-330	489	90	exceed	exceed	VERB
ftr-330	489	91	the	the	DET
ftr-330	489	92	share	share	NOUN
ftr-330	489	93	’s	’s	PART
ftr-330	489	94	“	"	PUNCT
ftr-330	489	95	disconformity	disconformity	NOUN
ftr-330	489	96	amount	amount	NOUN
ftr-330	489	97	.	.	PUNCT
ftr-330	489	98	”	"	PUNCT
ftr-330	490	1	third	third	ADJ
ftr-330	490	2	,	,	PUNCT
ftr-330	490	3	if	if	SCONJ
ftr-330	490	4	any	any	DET
ftr-330	490	5	duplicated	duplicate	VERB
ftr-330	490	6	losses	loss	NOUN
ftr-330	490	7	remain	remain	VERB
ftr-330	490	8	after	after	ADP
ftr-330	490	9	application	application	NOUN
ftr-330	490	10	of	of	ADP
ftr-330	490	11	the	the	DET
ftr-330	490	12	basis	basis	NOUN
ftr-330	490	13	reduction	reduction	NOUN
ftr-330	490	14	rule	rule	NOUN
ftr-330	490	15	,	,	PUNCT
ftr-330	490	16	under	under	ADP
ftr-330	490	17	treasury	treasury	NOUN
ftr-330	490	18	regulation	regulation	NOUN
ftr-330	490	19	section	section	NOUN
ftr-330	490	20	1.1502–36(d	1.1502–36(d	NUM
ftr-330	490	21	)	)	PUNCT
ftr-330	490	22	an	an	DET
ftr-330	490	23	attribute	attribute	NOUN
ftr-330	490	24	reduction	reduction	NOUN
ftr-330	490	25	rule	rule	NOUN
ftr-330	490	26	is	be	AUX
ftr-330	490	27	applied	apply	VERB
ftr-330	490	28	to	to	ADP
ftr-330	490	29	the	the	DET
ftr-330	490	30	corporation	corporation	NOUN
ftr-330	490	31	the	the	DET
ftr-330	490	32	stock	stock	NOUN
ftr-330	490	33	of	of	ADP
ftr-330	490	34	which	which	PRON
ftr-330	490	35	was	be	AUX
ftr-330	490	36	sold	sell	VERB
ftr-330	490	37	to	to	PART
ftr-330	490	38	prevent	prevent	VERB
ftr-330	490	39	the	the	DET
ftr-330	490	40	duplication	duplication	NOUN
ftr-330	490	41	of	of	ADP
ftr-330	490	42	a	a	DET
ftr-330	490	43	loss	loss	NOUN
ftr-330	490	44	recognized	recognize	VERB
ftr-330	490	45	on	on	ADP
ftr-330	490	46	the	the	DET
ftr-330	490	47	transfer	transfer	NOUN
ftr-330	490	48	or	or	CCONJ
ftr-330	490	49	preserved	preserve	VERB
ftr-330	490	50	in	in	ADP
ftr-330	490	51	the	the	DET
ftr-330	490	52	basis	basis	NOUN
ftr-330	490	53	of	of	ADP
ftr-330	490	54	the	the	DET
ftr-330	490	55	stock	stock	NOUN
ftr-330	490	56	.	.	PUNCT
ftr-330	491	1	if	if	SCONJ
ftr-330	491	2	a	a	DET
ftr-330	491	3	chain	chain	NOUN
ftr-330	491	4	of	of	ADP
ftr-330	491	5	subsidiaries	subsidiary	NOUN
ftr-330	491	6	is	be	AUX
ftr-330	491	7	transferred	transfer	VERB
ftr-330	491	8	(	(	PUNCT
ftr-330	491	9	rather	rather	ADV
ftr-330	491	10	than	than	ADP
ftr-330	491	11	a	a	DET
ftr-330	491	12	single	single	ADJ
ftr-330	491	13	subsidiary	subsidiary	NOUN
ftr-330	491	14	)	)	PUNCT
ftr-330	491	15	the	the	DET
ftr-330	491	16	order	order	NOUN
ftr-330	491	17	in	in	ADP
ftr-330	491	18	which	which	PRON
ftr-330	491	19	the	the	DET
ftr-330	491	20	rules	rule	NOUN
ftr-330	491	21	are	be	AUX
ftr-330	491	22	applied	apply	VERB
ftr-330	491	23	is	be	AUX
ftr-330	491	24	modified	modify	VERB
ftr-330	491	25	.	.	PUNCT
ftr-330	492	1	in	in	ADP
ftr-330	492	2	this	this	DET
ftr-330	492	3	case	case	NOUN
ftr-330	492	4	,	,	PUNCT
ftr-330	492	5	the	the	DET
ftr-330	492	6	basis	basis	NOUN
ftr-330	492	7	redetermination	redetermination	NOUN
ftr-330	492	8	rule	rule	NOUN
ftr-330	492	9	and	and	CCONJ
ftr-330	492	10	the	the	DET
ftr-330	492	11	basis	basis	NOUN
ftr-330	492	12	reduction	reduction	NOUN
ftr-330	492	13	rule	rule	NOUN
ftr-330	492	14	are	be	AUX
ftr-330	492	15	applied	apply	VERB
ftr-330	492	16	sequentially	sequentially	ADV
ftr-330	492	17	,	,	PUNCT
ftr-330	492	18	working	work	VERB
ftr-330	492	19	down	down	ADP
ftr-330	492	20	the	the	DET
ftr-330	492	21	chain	chain	NOUN
ftr-330	492	22	,	,	PUNCT
ftr-330	492	23	and	and	CCONJ
ftr-330	492	24	the	the	DET
ftr-330	492	25	attribute	attribute	NOUN
ftr-330	492	26	reduction	reduction	NOUN
ftr-330	492	27	rule	rule	NOUN
ftr-330	492	28	is	be	AUX
ftr-330	492	29	then	then	ADV
ftr-330	492	30	applied	apply	VERB
ftr-330	492	31	working	work	VERB
ftr-330	492	32	up	up	ADP
ftr-330	492	33	the	the	DET
ftr-330	492	34	chain	chain	NOUN
ftr-330	492	35	,	,	PUNCT
ftr-330	492	36	starting	start	VERB
ftr-330	492	37	with	with	ADP
ftr-330	492	38	the	the	DET
ftr-330	492	39	lowest	low	ADJ
ftr-330	492	40	tier	tier	NOUN
ftr-330	492	41	subsidiary	subsidiary	NOUN
ftr-330	492	42	.	.	PUNCT
ftr-330	493	1	2	2	X
ftr-330	493	2	.	.	X
ftr-330	493	3	the	the	DET
ftr-330	493	4	basis	basis	NOUN
ftr-330	493	5	redetermination	redetermination	NOUN
ftr-330	493	6	rule	rule	VERB
ftr-330	493	7	the	the	DET
ftr-330	493	8	basis	basis	NOUN
ftr-330	493	9	redetermination	redetermination	NOUN
ftr-330	493	10	rule	rule	NOUN
ftr-330	493	11	in	in	ADP
ftr-330	493	12	treasury	treasury	NOUN
ftr-330	493	13	regulation	regulation	NOUN
ftr-330	493	14	section	section	NOUN
ftr-330	493	15	1.1502–36(b	1.1502–36(b	NUM
ftr-330	493	16	)	)	PUNCT
ftr-330	493	17	does	do	AUX
ftr-330	493	18	not	not	PART
ftr-330	493	19	apply	apply	VERB
ftr-330	493	20	when	when	SCONJ
ftr-330	493	21	all	all	PRON
ftr-330	493	22	of	of	ADP
ftr-330	493	23	the	the	DET
ftr-330	493	24	stock	stock	NOUN
ftr-330	493	25	of	of	ADP
ftr-330	493	26	the	the	DET
ftr-330	493	27	subsidiary	subsidiary	NOUN
ftr-330	493	28	has	have	AUX
ftr-330	493	29	been	be	AUX
ftr-330	493	30	transferred	transfer	VERB
ftr-330	493	31	in	in	ADP
ftr-330	493	32	a	a	DET
ftr-330	493	33	taxable	taxable	ADJ
ftr-330	493	34	transaction	transaction	NOUN
ftr-330	493	35	;	;	PUNCT
ftr-330	493	36	thus	thus	ADV
ftr-330	493	37	it	it	PRON
ftr-330	493	38	typically	typically	ADV
ftr-330	493	39	does	do	AUX
ftr-330	493	40	not	not	PART
ftr-330	493	41	apply	apply	VERB
ftr-330	493	42	.	.	PUNCT
ftr-330	494	1	when	when	SCONJ
ftr-330	494	2	the	the	DET
ftr-330	494	3	basis	basis	NOUN
ftr-330	494	4	redetermination	redetermination	NOUN
ftr-330	494	5	rule	rule	NOUN
ftr-330	494	6	does	do	AUX
ftr-330	494	7	apply	apply	VERB
ftr-330	494	8	,	,	PUNCT
ftr-330	494	9	investment	investment	NOUN
ftr-330	494	10	adjustments	adjustment	NOUN
ftr-330	494	11	(	(	PUNCT
ftr-330	494	12	exclusive	exclusive	NOUN
ftr-330	494	13	of	of	ADP
ftr-330	494	14	distributions	distribution	NOUN
ftr-330	494	15	)	)	PUNCT
ftr-330	494	16	that	that	PRON
ftr-330	494	17	were	be	AUX
ftr-330	494	18	previously	previously	ADV
ftr-330	494	19	applied	apply	VERB
ftr-330	494	20	to	to	ADP
ftr-330	494	21	members	member	NOUN
ftr-330	494	22	’	'	PUNCT
ftr-330	494	23	bases	basis	NOUN
ftr-330	494	24	in	in	ADP
ftr-330	494	25	subsidiary	subsidiary	ADJ
ftr-330	494	26	stock	stock	NOUN
ftr-330	494	27	are	be	AUX
ftr-330	494	28	reallocated	reallocate	VERB
ftr-330	494	29	in	in	ADP
ftr-330	494	30	a	a	DET
ftr-330	494	31	manner	manner	NOUN
ftr-330	494	32	that	that	SCONJ
ftr-330	494	33	,	,	PUNCT
ftr-330	494	34	to	to	ADP
ftr-330	494	35	the	the	DET
ftr-330	494	36	greatest	great	ADJ
ftr-330	494	37	extent	extent	NOUN
ftr-330	494	38	possible	possible	ADJ
ftr-330	494	39	,	,	PUNCT
ftr-330	494	40	first	first	ADV
ftr-330	494	41	eliminates	eliminate	VERB
ftr-330	494	42	loss	loss	NOUN
ftr-330	494	43	on	on	ADP
ftr-330	494	44	preferred	preferred	ADJ
ftr-330	494	45	shares	share	NOUN
ftr-330	494	46	and	and	CCONJ
ftr-330	494	47	then	then	ADV
ftr-330	494	48	eliminates	eliminate	VERB
ftr-330	494	49	basis	basis	NOUN
ftr-330	494	50	disparity	disparity	NOUN
ftr-330	494	51	on	on	ADP
ftr-330	494	52	all	all	DET
ftr-330	494	53	97	97	NUM
ftr-330	494	54	.	.	PUNCT
ftr-330	495	1	reg	reg	NOUN
ftr-330	495	2	.	.	PUNCT
ftr-330	496	1	§	§	PROPN
ftr-330	496	2	1.1502–36(b	1.1502–36(b	NUM
ftr-330	496	3	)	)	PUNCT
ftr-330	496	4	.	.	PUNCT
ftr-330	497	1	2012	2012	NUM
ftr-330	497	2	]	]	PUNCT
ftr-330	497	3	understanding	understand	VERB
ftr-330	497	4	consolidated	consolidated	ADJ
ftr-330	497	5	returns	return	NOUN
ftr-330	497	6	149	149	NUM
ftr-330	497	7	shares	share	NOUN
ftr-330	497	8	.	.	PUNCT
ftr-330	498	1	this	this	DET
ftr-330	498	2	rule	rule	NOUN
ftr-330	498	3	affects	affect	VERB
ftr-330	498	4	both	both	CCONJ
ftr-330	498	5	positive	positive	ADJ
ftr-330	498	6	and	and	CCONJ
ftr-330	498	7	negative	negative	ADJ
ftr-330	498	8	adjustments	adjustment	NOUN
ftr-330	498	9	,	,	PUNCT
ftr-330	498	10	and	and	CCONJ
ftr-330	498	11	thus	thus	ADV
ftr-330	498	12	addresses	address	NOUN
ftr-330	498	13	both	both	CCONJ
ftr-330	498	14	noneconomic	noneconomic	ADJ
ftr-330	498	15	and	and	CCONJ
ftr-330	498	16	duplicated	duplicate	VERB
ftr-330	498	17	losses	loss	NOUN
ftr-330	498	18	.	.	PUNCT
ftr-330	499	1	first	first	ADV
ftr-330	499	2	,	,	PUNCT
ftr-330	499	3	the	the	DET
ftr-330	499	4	basis	basis	NOUN
ftr-330	499	5	of	of	ADP
ftr-330	499	6	any	any	DET
ftr-330	499	7	transferred	transfer	VERB
ftr-330	499	8	loss	loss	NOUN
ftr-330	499	9	share	share	NOUN
ftr-330	499	10	is	be	AUX
ftr-330	499	11	reduced	reduce	VERB
ftr-330	499	12	by	by	ADP
ftr-330	499	13	any	any	DET
ftr-330	499	14	positive	positive	ADJ
ftr-330	499	15	investment	investment	NOUN
ftr-330	499	16	adjustments	adjustment	NOUN
ftr-330	499	17	,	,	PUNCT
ftr-330	499	18	but	but	CCONJ
ftr-330	499	19	the	the	DET
ftr-330	499	20	basis	basis	NOUN
ftr-330	499	21	will	will	AUX
ftr-330	499	22	not	not	PART
ftr-330	499	23	be	be	AUX
ftr-330	499	24	reduced	reduce	VERB
ftr-330	499	25	to	to	ADP
ftr-330	499	26	less	less	ADJ
ftr-330	499	27	than	than	ADP
ftr-330	499	28	the	the	DET
ftr-330	499	29	value	value	NOUN
ftr-330	499	30	of	of	ADP
ftr-330	499	31	the	the	DET
ftr-330	499	32	loss	loss	NOUN
ftr-330	499	33	share	share	NOUN
ftr-330	499	34	.	.	PUNCT
ftr-330	500	1	second	second	ADJ
ftr-330	500	2	,	,	PUNCT
ftr-330	500	3	to	to	ADP
ftr-330	500	4	the	the	DET
ftr-330	500	5	extent	extent	NOUN
ftr-330	500	6	of	of	ADP
ftr-330	500	7	any	any	DET
ftr-330	500	8	remaining	remain	VERB
ftr-330	500	9	loss	loss	NOUN
ftr-330	500	10	on	on	ADP
ftr-330	500	11	the	the	DET
ftr-330	500	12	transferred	transfer	VERB
ftr-330	500	13	shares	share	NOUN
ftr-330	500	14	,	,	PUNCT
ftr-330	500	15	negative	negative	ADJ
ftr-330	500	16	investment	investment	NOUN
ftr-330	500	17	adjustments	adjustment	NOUN
ftr-330	500	18	are	be	AUX
ftr-330	500	19	removed	remove	VERB
ftr-330	500	20	from	from	ADP
ftr-330	500	21	shares	share	NOUN
ftr-330	500	22	that	that	PRON
ftr-330	500	23	are	be	AUX
ftr-330	500	24	not	not	PART
ftr-330	500	25	transferred	transfer	VERB
ftr-330	500	26	loss	loss	NOUN
ftr-330	500	27	shares	share	NOUN
ftr-330	500	28	and	and	CCONJ
ftr-330	500	29	are	be	AUX
ftr-330	500	30	applied	apply	VERB
ftr-330	500	31	to	to	PART
ftr-330	500	32	reduce	reduce	VERB
ftr-330	500	33	the	the	DET
ftr-330	500	34	loss	loss	NOUN
ftr-330	500	35	on	on	ADP
ftr-330	500	36	transferred	transfer	VERB
ftr-330	500	37	loss	loss	NOUN
ftr-330	500	38	shares	share	NOUN
ftr-330	500	39	.	.	PUNCT
ftr-330	501	1	third	third	ADJ
ftr-330	501	2	,	,	PUNCT
ftr-330	501	3	the	the	DET
ftr-330	501	4	positive	positive	ADJ
ftr-330	501	5	adjustments	adjustment	NOUN
ftr-330	501	6	removed	remove	VERB
ftr-330	501	7	from	from	ADP
ftr-330	501	8	the	the	DET
ftr-330	501	9	transferred	transfer	VERB
ftr-330	501	10	loss	loss	NOUN
ftr-330	501	11	shares	share	NOUN
ftr-330	501	12	are	be	AUX
ftr-330	501	13	allocated	allocate	VERB
ftr-330	501	14	to	to	PART
ftr-330	501	15	increase	increase	VERB
ftr-330	501	16	basis	basis	NOUN
ftr-330	501	17	of	of	ADP
ftr-330	501	18	other	other	ADJ
ftr-330	501	19	shares	share	NOUN
ftr-330	501	20	only	only	ADV
ftr-330	501	21	after	after	SCONJ
ftr-330	501	22	the	the	DET
ftr-330	501	23	negative	negative	ADJ
ftr-330	501	24	adjustments	adjustment	NOUN
ftr-330	501	25	have	have	AUX
ftr-330	501	26	been	be	AUX
ftr-330	501	27	reallocated	reallocate	VERB
ftr-330	501	28	.	.	PUNCT
ftr-330	502	1	this	this	DET
ftr-330	502	2	rule	rule	NOUN
ftr-330	502	3	does	do	AUX
ftr-330	502	4	not	not	PART
ftr-330	502	5	affect	affect	VERB
ftr-330	502	6	the	the	DET
ftr-330	502	7	aggregate	aggregate	ADJ
ftr-330	502	8	basis	basis	NOUN
ftr-330	502	9	of	of	ADP
ftr-330	502	10	the	the	DET
ftr-330	502	11	shares	share	NOUN
ftr-330	502	12	,	,	PUNCT
ftr-330	502	13	and	and	CCONJ
ftr-330	502	14	thus	thus	ADV
ftr-330	502	15	does	do	AUX
ftr-330	502	16	not	not	PART
ftr-330	502	17	apply	apply	VERB
ftr-330	502	18	if	if	SCONJ
ftr-330	502	19	all	all	PRON
ftr-330	502	20	of	of	ADP
ftr-330	502	21	the	the	DET
ftr-330	502	22	shares	share	NOUN
ftr-330	502	23	of	of	ADP
ftr-330	502	24	a	a	DET
ftr-330	502	25	subsidiary	subsidiary	NOUN
ftr-330	502	26	are	be	AUX
ftr-330	502	27	sold	sell	VERB
ftr-330	502	28	or	or	CCONJ
ftr-330	502	29	become	become	VERB
ftr-330	502	30	worthless	worthless	ADJ
ftr-330	502	31	;	;	PUNCT
ftr-330	502	32	it	it	PRON
ftr-330	502	33	is	be	AUX
ftr-330	502	34	important	important	ADJ
ftr-330	502	35	only	only	ADV
ftr-330	502	36	when	when	SCONJ
ftr-330	502	37	some	some	PRON
ftr-330	502	38	,	,	PUNCT
ftr-330	502	39	but	but	CCONJ
ftr-330	502	40	not	not	PART
ftr-330	502	41	all	all	PRON
ftr-330	502	42	,	,	PUNCT
ftr-330	502	43	shares	share	NOUN
ftr-330	502	44	are	be	AUX
ftr-330	502	45	sold	sell	VERB
ftr-330	502	46	.	.	PUNCT
ftr-330	503	1	a	a	DET
ftr-330	503	2	number	number	NOUN
ftr-330	503	3	of	of	ADP
ftr-330	503	4	special	special	ADJ
ftr-330	503	5	limitations	limitation	NOUN
ftr-330	503	6	on	on	ADP
ftr-330	503	7	basis	basis	NOUN
ftr-330	503	8	reallocation	reallocation	NOUN
ftr-330	503	9	also	also	ADV
ftr-330	503	10	must	must	AUX
ftr-330	503	11	be	be	AUX
ftr-330	503	12	considered	consider	VERB
ftr-330	503	13	in	in	ADP
ftr-330	503	14	various	various	ADJ
ftr-330	503	15	specific	specific	ADJ
ftr-330	503	16	circumstances	circumstance	NOUN
ftr-330	503	17	.	.	PUNCT
ftr-330	504	1	3	3	X
ftr-330	504	2	.	.	X
ftr-330	504	3	the	the	DET
ftr-330	504	4	basis	basis	NOUN
ftr-330	504	5	reduction	reduction	NOUN
ftr-330	504	6	rule	rule	NOUN
ftr-330	504	7	if	if	SCONJ
ftr-330	504	8	,	,	PUNCT
ftr-330	504	9	after	after	ADP
ftr-330	504	10	applying	apply	VERB
ftr-330	504	11	the	the	DET
ftr-330	504	12	basis	basis	NOUN
ftr-330	504	13	redetermination	redetermination	NOUN
ftr-330	504	14	rule	rule	NOUN
ftr-330	504	15	in	in	ADP
ftr-330	504	16	step	step	NOUN
ftr-330	504	17	one	one	NUM
ftr-330	504	18	,	,	PUNCT
ftr-330	504	19	any	any	DET
ftr-330	504	20	transferred	transfer	VERB
ftr-330	504	21	share	share	NOUN
ftr-330	504	22	is	be	AUX
ftr-330	504	23	a	a	DET
ftr-330	504	24	loss	loss	NOUN
ftr-330	504	25	share	share	NOUN
ftr-330	504	26	(	(	PUNCT
ftr-330	504	27	even	even	ADV
ftr-330	504	28	if	if	SCONJ
ftr-330	504	29	the	the	DET
ftr-330	504	30	share	share	NOUN
ftr-330	504	31	only	only	ADV
ftr-330	504	32	became	become	VERB
ftr-330	504	33	a	a	DET
ftr-330	504	34	loss	loss	NOUN
ftr-330	504	35	share	share	NOUN
ftr-330	504	36	as	as	ADP
ftr-330	504	37	a	a	DET
ftr-330	504	38	result	result	NOUN
ftr-330	504	39	of	of	ADP
ftr-330	504	40	the	the	DET
ftr-330	504	41	application	application	NOUN
ftr-330	504	42	of	of	ADP
ftr-330	504	43	the	the	DET
ftr-330	504	44	basis	basis	NOUN
ftr-330	504	45	redetermination	redetermination	NOUN
ftr-330	504	46	rule	rule	NOUN
ftr-330	504	47	)	)	PUNCT
ftr-330	504	48	,	,	PUNCT
ftr-330	504	49	the	the	DET
ftr-330	504	50	basis	basis	NOUN
ftr-330	504	51	of	of	ADP
ftr-330	504	52	that	that	DET
ftr-330	504	53	share	share	NOUN
ftr-330	504	54	is	be	AUX
ftr-330	504	55	subject	subject	ADJ
ftr-330	504	56	to	to	ADP
ftr-330	504	57	reduction	reduction	NOUN
ftr-330	504	58	.	.	PUNCT
ftr-330	505	1	the	the	DET
ftr-330	505	2	basis	basis	NOUN
ftr-330	505	3	reduction	reduction	NOUN
ftr-330	505	4	rule	rule	NOUN
ftr-330	505	5	in	in	ADP
ftr-330	505	6	treasury	treasury	NOUN
ftr-330	505	7	regulation	regulation	NOUN
ftr-330	505	8	section	section	NOUN
ftr-330	505	9	1.1502–36(c	1.1502–36(c	NUM
ftr-330	505	10	)	)	PUNCT
ftr-330	505	11	eliminates	eliminate	VERB
ftr-330	505	12	noneconomic	noneconomic	ADJ
ftr-330	505	13	losses	loss	NOUN
ftr-330	505	14	that	that	PRON
ftr-330	505	15	arise	arise	VERB
ftr-330	505	16	from	from	ADP
ftr-330	505	17	the	the	DET
ftr-330	505	18	operation	operation	NOUN
ftr-330	505	19	of	of	ADP
ftr-330	505	20	the	the	DET
ftr-330	505	21	investment	investment	NOUN
ftr-330	505	22	adjustment	adjustment	NOUN
ftr-330	505	23	account	account	NOUN
ftr-330	505	24	rules	rule	NOUN
ftr-330	505	25	.	.	PUNCT
ftr-330	506	1	under	under	ADP
ftr-330	506	2	this	this	DET
ftr-330	506	3	rule	rule	NOUN
ftr-330	506	4	,	,	PUNCT
ftr-330	506	5	the	the	DET
ftr-330	506	6	basis	basis	NOUN
ftr-330	506	7	of	of	ADP
ftr-330	506	8	each	each	DET
ftr-330	506	9	transferred	transfer	VERB
ftr-330	506	10	loss	loss	NOUN
ftr-330	506	11	share	share	NOUN
ftr-330	506	12	is	be	AUX
ftr-330	506	13	reduced	reduce	VERB
ftr-330	506	14	(	(	PUNCT
ftr-330	506	15	but	but	CCONJ
ftr-330	506	16	not	not	PART
ftr-330	506	17	below	below	ADP
ftr-330	506	18	its	its	PRON
ftr-330	506	19	value	value	NOUN
ftr-330	506	20	)	)	PUNCT
ftr-330	506	21	by	by	ADP
ftr-330	506	22	the	the	DET
ftr-330	506	23	lesser	less	ADJ
ftr-330	506	24	of	of	ADP
ftr-330	506	25	(	(	PUNCT
ftr-330	506	26	1	1	X
ftr-330	506	27	)	)	PUNCT
ftr-330	506	28	the	the	DET
ftr-330	506	29	share	share	NOUN
ftr-330	506	30	’s	’s	PART
ftr-330	506	31	disconformity	disconformity	NOUN
ftr-330	506	32	amount	amount	NOUN
ftr-330	506	33	,	,	PUNCT
ftr-330	506	34	or	or	CCONJ
ftr-330	506	35	(	(	PUNCT
ftr-330	506	36	2	2	X
ftr-330	506	37	)	)	PUNCT
ftr-330	506	38	the	the	DET
ftr-330	506	39	share	share	NOUN
ftr-330	506	40	’s	’s	PART
ftr-330	506	41	net	net	ADJ
ftr-330	506	42	positive	positive	ADJ
ftr-330	506	43	adjustment	adjustment	NOUN
ftr-330	506	44	.	.	PUNCT
ftr-330	507	1	the	the	DET
ftr-330	507	2	“	"	PUNCT
ftr-330	507	3	disconformity	disconformity	NOUN
ftr-330	507	4	amount	amount	NOUN
ftr-330	507	5	”	"	PUNCT
ftr-330	507	6	with	with	ADP
ftr-330	507	7	respect	respect	NOUN
ftr-330	507	8	to	to	ADP
ftr-330	507	9	a	a	DET
ftr-330	507	10	subsidiary	subsidiary	NOUN
ftr-330	507	11	’s	’s	PART
ftr-330	507	12	share	share	NOUN
ftr-330	507	13	is	be	AUX
ftr-330	507	14	the	the	DET
ftr-330	507	15	excess	excess	NOUN
ftr-330	507	16	of	of	ADP
ftr-330	507	17	its	its	PRON
ftr-330	507	18	basis	basis	NOUN
ftr-330	507	19	over	over	ADP
ftr-330	507	20	the	the	DET
ftr-330	507	21	share	share	NOUN
ftr-330	507	22	’s	’s	PART
ftr-330	507	23	allocable	allocable	ADJ
ftr-330	507	24	portion	portion	NOUN
ftr-330	507	25	of	of	ADP
ftr-330	507	26	the	the	DET
ftr-330	507	27	subsidiary	subsidiary	NOUN
ftr-330	507	28	’s	’s	PART
ftr-330	507	29	inside	inside	ADP
ftr-330	507	30	tax	tax	NOUN
ftr-330	507	31	attributes	attribute	NOUN
ftr-330	507	32	(	(	PUNCT
ftr-330	507	33	determined	determine	VERB
ftr-330	507	34	at	at	ADP
ftr-330	507	35	the	the	DET
ftr-330	507	36	time	time	NOUN
ftr-330	507	37	of	of	ADP
ftr-330	507	38	the	the	DET
ftr-330	507	39	transfer	transfer	NOUN
ftr-330	507	40	)	)	PUNCT
ftr-330	507	41	.	.	PUNCT
ftr-330	508	1	every	every	DET
ftr-330	508	2	share	share	NOUN
ftr-330	508	3	within	within	ADP
ftr-330	508	4	a	a	DET
ftr-330	508	5	single	single	ADJ
ftr-330	508	6	class	class	NOUN
ftr-330	508	7	of	of	ADP
ftr-330	508	8	stock	stock	NOUN
ftr-330	508	9	has	have	VERB
ftr-330	508	10	an	an	DET
ftr-330	508	11	identical	identical	ADJ
ftr-330	508	12	allocable	allocable	ADJ
ftr-330	508	13	portion	portion	NOUN
ftr-330	508	14	.	.	PUNCT
ftr-330	509	1	between	between	ADP
ftr-330	509	2	shares	share	NOUN
ftr-330	509	3	of	of	ADP
ftr-330	509	4	different	different	ADJ
ftr-330	509	5	classes	class	NOUN
ftr-330	509	6	of	of	ADP
ftr-330	509	7	stock	stock	NOUN
ftr-330	509	8	,	,	PUNCT
ftr-330	509	9	allocable	allocable	ADJ
ftr-330	509	10	portions	portion	NOUN
ftr-330	509	11	are	be	AUX
ftr-330	509	12	determined	determine	VERB
ftr-330	509	13	by	by	ADP
ftr-330	509	14	taking	take	VERB
ftr-330	509	15	into	into	ADP
ftr-330	509	16	account	account	NOUN
ftr-330	509	17	the	the	DET
ftr-330	509	18	economic	economic	ADJ
ftr-330	509	19	arrangements	arrangement	NOUN
ftr-330	509	20	represented	represent	VERB
ftr-330	509	21	by	by	ADP
ftr-330	509	22	the	the	DET
ftr-330	509	23	terms	term	NOUN
ftr-330	509	24	of	of	ADP
ftr-330	509	25	the	the	DET
ftr-330	509	26	stock	stock	NOUN
ftr-330	509	27	.	.	PUNCT
ftr-330	510	1	“	"	PUNCT
ftr-330	510	2	net	net	ADJ
ftr-330	510	3	inside	inside	ADJ
ftr-330	510	4	attributes	attribute	NOUN
ftr-330	510	5	”	"	PUNCT
ftr-330	510	6	is	be	AUX
ftr-330	510	7	the	the	DET
ftr-330	510	8	sum	sum	NOUN
ftr-330	510	9	of	of	ADP
ftr-330	510	10	the	the	DET
ftr-330	510	11	subsidiary	subsidiary	NOUN
ftr-330	510	12	’s	’s	PART
ftr-330	510	13	loss	loss	NOUN
ftr-330	510	14	carryovers	carryover	NOUN
ftr-330	510	15	,	,	PUNCT
ftr-330	510	16	deferred	deferred	ADJ
ftr-330	510	17	deductions	deduction	NOUN
ftr-330	510	18	,	,	PUNCT
ftr-330	510	19	cash	cash	NOUN
ftr-330	510	20	,	,	PUNCT
ftr-330	510	21	and	and	CCONJ
ftr-330	510	22	asset	asset	NOUN
ftr-330	510	23	bases	basis	NOUN
ftr-330	510	24	,	,	PUNCT
ftr-330	510	25	minus	minus	CCONJ
ftr-330	510	26	the	the	DET
ftr-330	510	27	subsidiary	subsidiary	NOUN
ftr-330	510	28	’s	’s	PART
ftr-330	510	29	liabilities	liability	NOUN
ftr-330	510	30	.	.	PUNCT
ftr-330	511	1	the	the	DET
ftr-330	511	2	disconformity	disconformity	NOUN
ftr-330	511	3	amount	amount	NOUN
ftr-330	511	4	identifies	identify	VERB
ftr-330	511	5	the	the	DET
ftr-330	511	6	net	net	ADJ
ftr-330	511	7	amount	amount	NOUN
ftr-330	511	8	of	of	ADP
ftr-330	511	9	unrealized	unrealized	ADJ
ftr-330	511	10	appreciation	appreciation	NOUN
ftr-330	511	11	reflected	reflect	VERB
ftr-330	511	12	in	in	ADP
ftr-330	511	13	the	the	DET
ftr-330	511	14	basis	basis	NOUN
ftr-330	511	15	of	of	ADP
ftr-330	511	16	the	the	DET
ftr-330	511	17	share	share	NOUN
ftr-330	511	18	.	.	PUNCT
ftr-330	512	1	a	a	DET
ftr-330	512	2	share	share	NOUN
ftr-330	512	3	’s	’s	PART
ftr-330	512	4	net	net	ADJ
ftr-330	512	5	positive	positive	ADJ
ftr-330	512	6	adjustment	adjustment	NOUN
ftr-330	512	7	is	be	AUX
ftr-330	512	8	computed	compute	VERB
ftr-330	512	9	as	as	ADP
ftr-330	512	10	the	the	DET
ftr-330	512	11	greater	great	ADJ
ftr-330	512	12	of	of	ADP
ftr-330	512	13	(	(	PUNCT
ftr-330	512	14	1	1	NUM
ftr-330	512	15	)	)	PUNCT
ftr-330	512	16	zero	zero	NUM
ftr-330	512	17	,	,	PUNCT
ftr-330	512	18	or	or	CCONJ
ftr-330	512	19	(	(	PUNCT
ftr-330	512	20	2	2	X
ftr-330	512	21	)	)	PUNCT
ftr-330	512	22	the	the	DET
ftr-330	512	23	sum	sum	NOUN
ftr-330	512	24	of	of	ADP
ftr-330	512	25	all	all	DET
ftr-330	512	26	investment	investment	NOUN
ftr-330	512	27	adjustments	adjustment	NOUN
ftr-330	512	28	(	(	PUNCT
ftr-330	512	29	excluding	exclude	VERB
ftr-330	512	30	distributions	distribution	NOUN
ftr-330	512	31	)	)	PUNCT
ftr-330	512	32	applied	apply	VERB
ftr-330	512	33	to	to	ADP
ftr-330	512	34	the	the	DET
ftr-330	512	35	basis	basis	NOUN
ftr-330	512	36	of	of	ADP
ftr-330	512	37	the	the	DET
ftr-330	512	38	transferred	transfer	VERB
ftr-330	512	39	loss	loss	NOUN
ftr-330	512	40	share	share	NOUN
ftr-330	512	41	,	,	PUNCT
ftr-330	512	42	including	include	VERB
ftr-330	512	43	investment	investment	NOUN
ftr-330	512	44	adjustments	adjustment	NOUN
ftr-330	512	45	attributable	attributable	ADJ
ftr-330	512	46	to	to	ADP
ftr-330	512	47	prior	prior	ADJ
ftr-330	512	48	basis	basis	NOUN
ftr-330	512	49	reallocations	reallocation	NOUN
ftr-330	512	50	under	under	ADP
ftr-330	512	51	the	the	DET
ftr-330	512	52	basis	basis	NOUN
ftr-330	512	53	reallocation	reallocation	NOUN
ftr-330	512	54	rule	rule	NOUN
ftr-330	512	55	.	.	PUNCT
ftr-330	513	1	the	the	DET
ftr-330	513	2	net	net	ADJ
ftr-330	513	3	positive	positive	ADJ
ftr-330	513	4	adjustment	adjustment	NOUN
ftr-330	513	5	identifies	identify	VERB
ftr-330	513	6	the	the	DET
ftr-330	513	7	extent	extent	NOUN
ftr-330	513	8	to	to	PART
ftr-330	513	9	which	which	PRON
ftr-330	513	10	a	a	DET
ftr-330	513	11	share	share	NOUN
ftr-330	513	12	’s	’s	PART
ftr-330	513	13	basis	basis	NOUN
ftr-330	513	14	has	have	AUX
ftr-330	513	15	been	be	AUX
ftr-330	513	16	increased	increase	VERB
ftr-330	513	17	by	by	ADP
ftr-330	513	18	the	the	DET
ftr-330	513	19	investment	investment	NOUN
ftr-330	513	20	adjustment	adjustment	NOUN
ftr-330	513	21	provisions	provision	NOUN
ftr-330	513	22	for	for	ADP
ftr-330	513	23	items	item	NOUN
ftr-330	513	24	of	of	ADP
ftr-330	513	25	income	income	NOUN
ftr-330	513	26	,	,	PUNCT
ftr-330	513	27	gain	gain	NOUN
ftr-330	513	28	,	,	PUNCT
ftr-330	513	29	deduction	deduction	NOUN
ftr-330	513	30	and	and	CCONJ
ftr-330	513	31	loss	loss	NOUN
ftr-330	513	32	(	(	PUNCT
ftr-330	513	33	whether	whether	SCONJ
ftr-330	513	34	taxable	taxable	ADJ
ftr-330	513	35	or	or	CCONJ
ftr-330	513	36	not	not	PART
ftr-330	513	37	)	)	PUNCT
ftr-330	513	38	that	that	PRON
ftr-330	513	39	have	have	AUX
ftr-330	513	40	been	be	AUX
ftr-330	513	41	taken	take	VERB
ftr-330	513	42	into	into	ADP
ftr-330	513	43	account	account	NOUN
ftr-330	513	44	by	by	ADP
ftr-330	513	45	the	the	DET
ftr-330	513	46	group	group	NOUN
ftr-330	513	47	.	.	PUNCT
ftr-330	514	1	special	special	ADJ
ftr-330	514	2	rules	rule	NOUN
ftr-330	514	3	apply	apply	VERB
ftr-330	514	4	when	when	SCONJ
ftr-330	514	5	the	the	DET
ftr-330	514	6	150	150	NUM
ftr-330	514	7	florida	florida	PROPN
ftr-330	514	8	tax	tax	NOUN
ftr-330	514	9	review	review	NOUN
ftr-330	514	10	[	[	X
ftr-330	514	11	vol	vol	NOUN
ftr-330	514	12	.	.	PUNCT
ftr-330	514	13	12:3	12:3	NUM
ftr-330	514	14	subsidiary	subsidiary	NOUN
ftr-330	514	15	the	the	DET
ftr-330	514	16	stock	stock	NOUN
ftr-330	514	17	of	of	ADP
ftr-330	514	18	which	which	PRON
ftr-330	514	19	is	be	AUX
ftr-330	514	20	transferred	transfer	VERB
ftr-330	514	21	itself	itself	PRON
ftr-330	514	22	holds	hold	VERB
ftr-330	514	23	stock	stock	NOUN
ftr-330	514	24	of	of	ADP
ftr-330	514	25	a	a	DET
ftr-330	514	26	lower	low	ADJ
ftr-330	514	27	–	–	PUNCT
ftr-330	514	28	tier	tier	NOUN
ftr-330	514	29	subsidiary	subsidiary	NOUN
ftr-330	514	30	.	.	PUNCT
ftr-330	515	1	4	4	X
ftr-330	515	2	.	.	X
ftr-330	515	3	the	the	DET
ftr-330	515	4	attribute	attribute	NOUN
ftr-330	515	5	reduction	reduction	NOUN
ftr-330	515	6	rule	rule	NOUN
ftr-330	515	7	if	if	SCONJ
ftr-330	515	8	any	any	DET
ftr-330	515	9	transferred	transfer	VERB
ftr-330	515	10	share	share	NOUN
ftr-330	515	11	remains	remain	VERB
ftr-330	515	12	a	a	DET
ftr-330	515	13	loss	loss	NOUN
ftr-330	515	14	share	share	NOUN
ftr-330	515	15	after	after	ADP
ftr-330	515	16	application	application	NOUN
ftr-330	515	17	of	of	ADP
ftr-330	515	18	the	the	DET
ftr-330	515	19	basis	basis	NOUN
ftr-330	515	20	reallocation	reallocation	NOUN
ftr-330	515	21	and	and	CCONJ
ftr-330	515	22	basis	basis	NOUN
ftr-330	515	23	reduction	reduction	NOUN
ftr-330	515	24	rules	rule	NOUN
ftr-330	515	25	,	,	PUNCT
ftr-330	515	26	any	any	DET
ftr-330	515	27	loss	loss	NOUN
ftr-330	515	28	recognized	recognize	VERB
ftr-330	515	29	with	with	ADP
ftr-330	515	30	respect	respect	NOUN
ftr-330	515	31	to	to	ADP
ftr-330	515	32	the	the	DET
ftr-330	515	33	transferred	transfer	VERB
ftr-330	515	34	share	share	NOUN
ftr-330	515	35	is	be	AUX
ftr-330	515	36	allowed	allow	VERB
ftr-330	515	37	.	.	PUNCT
ftr-330	516	1	however	however	ADV
ftr-330	516	2	,	,	PUNCT
ftr-330	516	3	in	in	ADP
ftr-330	516	4	this	this	DET
ftr-330	516	5	instance	instance	NOUN
ftr-330	516	6	,	,	PUNCT
ftr-330	516	7	the	the	DET
ftr-330	516	8	subsidiary	subsidiary	NOUN
ftr-330	516	9	’s	’s	PART
ftr-330	516	10	tax	tax	NOUN
ftr-330	516	11	attributes	attribute	NOUN
ftr-330	516	12	(	(	PUNCT
ftr-330	516	13	including	include	VERB
ftr-330	516	14	the	the	DET
ftr-330	516	15	consolidated	consolidated	ADJ
ftr-330	516	16	attributes	attribute	NOUN
ftr-330	516	17	,	,	PUNCT
ftr-330	516	18	e.g.	e.g.	ADV
ftr-330	516	19	,	,	PUNCT
ftr-330	516	20	loss	loss	NOUN
ftr-330	516	21	carryovers	carryover	NOUN
ftr-330	516	22	,	,	PUNCT
ftr-330	516	23	attributable	attributable	ADJ
ftr-330	516	24	to	to	ADP
ftr-330	516	25	the	the	DET
ftr-330	516	26	subsidiary	subsidiary	NOUN
ftr-330	516	27	)	)	PUNCT
ftr-330	516	28	are	be	AUX
ftr-330	516	29	reduced	reduce	VERB
ftr-330	516	30	pursuant	pursuant	ADV
ftr-330	516	31	to	to	ADP
ftr-330	516	32	treasury	treasury	NOUN
ftr-330	516	33	regulation	regulation	NOUN
ftr-330	516	34	section	section	NOUN
ftr-330	516	35	1.1502–36(d	1.1502–36(d	NUM
ftr-330	516	36	)	)	PUNCT
ftr-330	516	37	.	.	PUNCT
ftr-330	517	1	the	the	DET
ftr-330	517	2	attribute	attribute	NOUN
ftr-330	517	3	reduction	reduction	NOUN
ftr-330	517	4	rule	rule	NOUN
ftr-330	517	5	addresses	address	VERB
ftr-330	517	6	the	the	DET
ftr-330	517	7	duplication	duplication	NOUN
ftr-330	517	8	of	of	ADP
ftr-330	517	9	loss	loss	NOUN
ftr-330	517	10	by	by	ADP
ftr-330	517	11	members	member	NOUN
ftr-330	517	12	of	of	ADP
ftr-330	517	13	consolidated	consolidated	ADJ
ftr-330	517	14	groups	group	NOUN
ftr-330	517	15	,	,	PUNCT
ftr-330	517	16	and	and	CCONJ
ftr-330	517	17	is	be	AUX
ftr-330	517	18	designed	design	VERB
ftr-330	517	19	to	to	PART
ftr-330	517	20	prevent	prevent	VERB
ftr-330	517	21	the	the	DET
ftr-330	517	22	group	group	NOUN
ftr-330	517	23	from	from	ADP
ftr-330	517	24	recognizing	recognize	VERB
ftr-330	517	25	more	more	ADJ
ftr-330	517	26	than	than	ADP
ftr-330	517	27	one	one	NUM
ftr-330	517	28	tax	tax	NOUN
ftr-330	517	29	loss	loss	NOUN
ftr-330	517	30	with	with	ADP
ftr-330	517	31	respect	respect	NOUN
ftr-330	517	32	to	to	ADP
ftr-330	517	33	a	a	DET
ftr-330	517	34	single	single	ADJ
ftr-330	517	35	economic	economic	ADJ
ftr-330	517	36	loss	loss	NOUN
ftr-330	517	37	,	,	PUNCT
ftr-330	517	38	regardless	regardless	ADV
ftr-330	517	39	of	of	ADP
ftr-330	517	40	whether	whether	SCONJ
ftr-330	517	41	the	the	DET
ftr-330	517	42	group	group	NOUN
ftr-330	517	43	disposes	dispose	VERB
ftr-330	517	44	of	of	ADP
ftr-330	517	45	the	the	DET
ftr-330	517	46	subsidiary	subsidiary	NOUN
ftr-330	517	47	stock	stock	NOUN
ftr-330	517	48	before	before	ADP
ftr-330	517	49	or	or	CCONJ
ftr-330	517	50	after	after	SCONJ
ftr-330	517	51	the	the	DET
ftr-330	517	52	subsidiary	subsidiary	NOUN
ftr-330	517	53	recognizes	recognize	VERB
ftr-330	517	54	the	the	DET
ftr-330	517	55	loss	loss	NOUN
ftr-330	517	56	with	with	ADP
ftr-330	517	57	respect	respect	NOUN
ftr-330	517	58	to	to	ADP
ftr-330	517	59	its	its	PRON
ftr-330	517	60	assets	asset	NOUN
ftr-330	517	61	or	or	CCONJ
ftr-330	517	62	operations	operation	NOUN
ftr-330	517	63	.	.	PUNCT
ftr-330	518	1	however	however	ADV
ftr-330	518	2	,	,	PUNCT
ftr-330	518	3	under	under	ADP
ftr-330	518	4	a	a	DET
ftr-330	518	5	type	type	NOUN
ftr-330	518	6	of	of	ADP
ftr-330	518	7	de	de	X
ftr-330	518	8	minimis	minimis	NOUN
ftr-330	518	9	rule	rule	NOUN
ftr-330	518	10	,	,	PUNCT
ftr-330	518	11	unless	unless	SCONJ
ftr-330	518	12	the	the	DET
ftr-330	518	13	group	group	NOUN
ftr-330	518	14	so	so	SCONJ
ftr-330	518	15	elects	elect	NOUN
ftr-330	518	16	,	,	PUNCT
ftr-330	518	17	the	the	DET
ftr-330	518	18	attribute	attribute	NOUN
ftr-330	518	19	reduction	reduction	NOUN
ftr-330	518	20	rule	rule	NOUN
ftr-330	518	21	does	do	AUX
ftr-330	518	22	not	not	PART
ftr-330	518	23	apply	apply	VERB
ftr-330	518	24	if	if	SCONJ
ftr-330	518	25	the	the	DET
ftr-330	518	26	aggregate	aggregate	ADJ
ftr-330	518	27	attribute	attribute	NOUN
ftr-330	518	28	reduction	reduction	NOUN
ftr-330	518	29	amount	amount	NOUN
ftr-330	518	30	in	in	ADP
ftr-330	518	31	the	the	DET
ftr-330	518	32	transaction	transaction	NOUN
ftr-330	518	33	is	be	AUX
ftr-330	518	34	less	less	ADJ
ftr-330	518	35	than	than	ADP
ftr-330	518	36	five	five	NUM
ftr-330	518	37	percent	percent	NOUN
ftr-330	518	38	of	of	ADP
ftr-330	518	39	the	the	DET
ftr-330	518	40	total	total	ADJ
ftr-330	518	41	value	value	NOUN
ftr-330	518	42	of	of	ADP
ftr-330	518	43	the	the	DET
ftr-330	518	44	shares	share	NOUN
ftr-330	518	45	transferred	transfer	VERB
ftr-330	518	46	by	by	ADP
ftr-330	518	47	members	member	NOUN
ftr-330	518	48	in	in	ADP
ftr-330	518	49	the	the	DET
ftr-330	518	50	transaction.98	transaction.98	NOUN
ftr-330	518	51	under	under	ADP
ftr-330	518	52	the	the	DET
ftr-330	518	53	attribute	attribute	NOUN
ftr-330	518	54	reduction	reduction	NOUN
ftr-330	518	55	rule	rule	NOUN
ftr-330	518	56	,	,	PUNCT
ftr-330	518	57	the	the	DET
ftr-330	518	58	subsidiary	subsidiary	NOUN
ftr-330	518	59	’s	’s	PART
ftr-330	518	60	attributes	attribute	NOUN
ftr-330	518	61	are	be	AUX
ftr-330	518	62	reduced	reduce	VERB
ftr-330	518	63	by	by	ADP
ftr-330	518	64	the	the	DET
ftr-330	518	65	“	"	PUNCT
ftr-330	518	66	attribute	attribute	NOUN
ftr-330	518	67	reduction	reduction	NOUN
ftr-330	518	68	amount	amount	NOUN
ftr-330	518	69	,	,	PUNCT
ftr-330	518	70	”	"	PUNCT
ftr-330	518	71	which	which	PRON
ftr-330	518	72	equals	equal	VERB
ftr-330	518	73	the	the	DET
ftr-330	518	74	lesser	less	ADJ
ftr-330	518	75	of	of	ADP
ftr-330	518	76	(	(	PUNCT
ftr-330	518	77	1	1	X
ftr-330	518	78	)	)	PUNCT
ftr-330	518	79	the	the	DET
ftr-330	518	80	net	net	ADJ
ftr-330	518	81	stock	stock	NOUN
ftr-330	518	82	loss	loss	NOUN
ftr-330	518	83	,	,	PUNCT
ftr-330	518	84	or	or	CCONJ
ftr-330	518	85	(	(	PUNCT
ftr-330	518	86	2	2	X
ftr-330	518	87	)	)	PUNCT
ftr-330	518	88	the	the	DET
ftr-330	518	89	aggregate	aggregate	ADJ
ftr-330	518	90	inside	inside	ADJ
ftr-330	518	91	loss	loss	NOUN
ftr-330	518	92	.	.	PUNCT
ftr-330	519	1	the	the	DET
ftr-330	519	2	“	"	PUNCT
ftr-330	519	3	attribute	attribute	NOUN
ftr-330	519	4	reduction	reduction	NOUN
ftr-330	519	5	amount	amount	NOUN
ftr-330	519	6	”	"	PUNCT
ftr-330	519	7	reflects	reflect	VERB
ftr-330	519	8	the	the	DET
ftr-330	519	9	total	total	ADJ
ftr-330	519	10	amount	amount	NOUN
ftr-330	519	11	of	of	ADP
ftr-330	519	12	unrecognized	unrecognized	ADJ
ftr-330	519	13	loss	loss	NOUN
ftr-330	519	14	that	that	PRON
ftr-330	519	15	is	be	AUX
ftr-330	519	16	reflected	reflect	VERB
ftr-330	519	17	in	in	ADP
ftr-330	519	18	both	both	CCONJ
ftr-330	519	19	the	the	DET
ftr-330	519	20	basis	basis	NOUN
ftr-330	519	21	of	of	ADP
ftr-330	519	22	the	the	DET
ftr-330	519	23	subsidiary	subsidiary	NOUN
ftr-330	519	24	stock	stock	NOUN
ftr-330	519	25	and	and	CCONJ
ftr-330	519	26	the	the	DET
ftr-330	519	27	subsidiary	subsidiary	NOUN
ftr-330	519	28	’s	’s	PART
ftr-330	519	29	attributes	attribute	NOUN
ftr-330	519	30	.	.	PUNCT
ftr-330	520	1	“	"	PUNCT
ftr-330	520	2	net	net	ADJ
ftr-330	520	3	stock	stock	NOUN
ftr-330	520	4	loss	loss	NOUN
ftr-330	520	5	”	"	PUNCT
ftr-330	520	6	is	be	AUX
ftr-330	520	7	the	the	DET
ftr-330	520	8	amount	amount	NOUN
ftr-330	520	9	by	by	ADP
ftr-330	520	10	which	which	PRON
ftr-330	520	11	the	the	DET
ftr-330	520	12	sum	sum	NOUN
ftr-330	520	13	of	of	ADP
ftr-330	520	14	the	the	DET
ftr-330	520	15	bases	basis	NOUN
ftr-330	520	16	(	(	PUNCT
ftr-330	520	17	after	after	ADP
ftr-330	520	18	application	application	NOUN
ftr-330	520	19	of	of	ADP
ftr-330	520	20	the	the	DET
ftr-330	520	21	basis	basis	NOUN
ftr-330	520	22	reduction	reduction	NOUN
ftr-330	520	23	rule	rule	NOUN
ftr-330	520	24	)	)	PUNCT
ftr-330	520	25	of	of	ADP
ftr-330	520	26	all	all	PRON
ftr-330	520	27	of	of	ADP
ftr-330	520	28	the	the	DET
ftr-330	520	29	shares	share	NOUN
ftr-330	520	30	in	in	ADP
ftr-330	520	31	the	the	DET
ftr-330	520	32	subsidiary	subsidiary	NOUN
ftr-330	520	33	transferred	transfer	VERB
ftr-330	520	34	by	by	ADP
ftr-330	520	35	members	member	NOUN
ftr-330	520	36	of	of	ADP
ftr-330	520	37	the	the	DET
ftr-330	520	38	group	group	NOUN
ftr-330	520	39	in	in	ADP
ftr-330	520	40	the	the	DET
ftr-330	520	41	same	same	ADJ
ftr-330	520	42	transaction	transaction	NOUN
ftr-330	520	43	exceeds	exceed	VERB
ftr-330	520	44	the	the	DET
ftr-330	520	45	aggregate	aggregate	ADJ
ftr-330	520	46	value	value	NOUN
ftr-330	520	47	of	of	ADP
ftr-330	520	48	those	those	DET
ftr-330	520	49	shares.99	shares.99	NOUN
ftr-330	520	50	the	the	DET
ftr-330	520	51	subsidiary	subsidiary	NOUN
ftr-330	520	52	’s	’s	PART
ftr-330	520	53	“	"	PUNCT
ftr-330	520	54	aggregate	aggregate	ADJ
ftr-330	520	55	inside	inside	ADJ
ftr-330	520	56	loss	loss	NOUN
ftr-330	520	57	”	"	PUNCT
ftr-330	520	58	is	be	AUX
ftr-330	520	59	the	the	DET
ftr-330	520	60	excess	excess	NOUN
ftr-330	520	61	of	of	ADP
ftr-330	520	62	its	its	PRON
ftr-330	520	63	net	net	NOUN
ftr-330	520	64	inside	inside	ADJ
ftr-330	520	65	attributes	attribute	NOUN
ftr-330	520	66	over	over	ADP
ftr-330	520	67	the	the	DET
ftr-330	520	68	aggregate	aggregate	ADJ
ftr-330	520	69	value	value	NOUN
ftr-330	520	70	of	of	ADP
ftr-330	520	71	all	all	PRON
ftr-330	520	72	of	of	ADP
ftr-330	520	73	the	the	DET
ftr-330	520	74	shares	share	NOUN
ftr-330	520	75	in	in	ADP
ftr-330	520	76	the	the	DET
ftr-330	520	77	subsidiary.100	subsidiary.100	NOUN
ftr-330	520	78	(	(	PUNCT
ftr-330	520	79	net	net	ADJ
ftr-330	520	80	inside	inside	ADJ
ftr-330	520	81	attributes	attribute	NOUN
ftr-330	520	82	generally	generally	ADV
ftr-330	520	83	has	have	VERB
ftr-330	520	84	the	the	DET
ftr-330	520	85	same	same	ADJ
ftr-330	520	86	meaning	meaning	NOUN
ftr-330	520	87	as	as	ADP
ftr-330	520	88	in	in	ADP
ftr-330	520	89	the	the	DET
ftr-330	520	90	basis	basis	NOUN
ftr-330	520	91	reduction	reduction	NOUN
ftr-330	520	92	rule	rule	NOUN
ftr-330	520	93	,	,	PUNCT
ftr-330	520	94	subject	subject	ADJ
ftr-330	520	95	to	to	ADP
ftr-330	520	96	special	special	ADJ
ftr-330	520	97	rules	rule	NOUN
ftr-330	520	98	for	for	ADP
ftr-330	520	99	lower	low	ADJ
ftr-330	520	100	-	-	PUNCT
ftr-330	520	101	tier	tier	NOUN
ftr-330	520	102	subsidiaries	subsidiary	NOUN
ftr-330	520	103	.	.	PUNCT
ftr-330	520	104	)	)	PUNCT
ftr-330	521	1	the	the	DET
ftr-330	521	2	attribute	attribute	NOUN
ftr-330	521	3	reduction	reduction	NOUN
ftr-330	521	4	amount	amount	NOUN
ftr-330	521	5	is	be	AUX
ftr-330	521	6	first	first	ADV
ftr-330	521	7	applied	apply	VERB
ftr-330	521	8	to	to	PART
ftr-330	521	9	reduce	reduce	VERB
ftr-330	521	10	or	or	CCONJ
ftr-330	521	11	eliminate	eliminate	VERB
ftr-330	521	12	items	item	NOUN
ftr-330	521	13	that	that	PRON
ftr-330	521	14	represent	represent	VERB
ftr-330	521	15	actual	actual	ADJ
ftr-330	521	16	realized	realize	VERB
ftr-330	521	17	losses	loss	NOUN
ftr-330	521	18	,	,	PUNCT
ftr-330	521	19	such	such	ADJ
ftr-330	521	20	as	as	ADP
ftr-330	521	21	operating	operate	VERB
ftr-330	521	22	loss	loss	NOUN
ftr-330	521	23	carryovers	carryover	NOUN
ftr-330	521	24	(	(	PUNCT
ftr-330	521	25	category	category	NOUN
ftr-330	521	26	a	a	PRON
ftr-330	521	27	)	)	PUNCT
ftr-330	521	28	,	,	PUNCT
ftr-330	521	29	capital	capital	NOUN
ftr-330	521	30	loss	loss	NOUN
ftr-330	521	31	carryovers	carryover	NOUN
ftr-330	521	32	(	(	PUNCT
ftr-330	521	33	category	category	NOUN
ftr-330	521	34	b	b	NOUN
ftr-330	521	35	)	)	PUNCT
ftr-330	521	36	,	,	PUNCT
ftr-330	521	37	and	and	CCONJ
ftr-330	521	38	deferred	deferred	ADJ
ftr-330	521	39	deductions	deduction	NOUN
ftr-330	521	40	(	(	PUNCT
ftr-330	521	41	category	category	NOUN
ftr-330	521	42	c	c	NOUN
ftr-330	521	43	)	)	PUNCT
ftr-330	521	44	in	in	ADP
ftr-330	521	45	that	that	DET
ftr-330	521	46	order	order	NOUN
ftr-330	521	47	unless	unless	SCONJ
ftr-330	521	48	the	the	DET
ftr-330	521	49	taxpayer	taxpayer	NOUN
ftr-330	521	50	elects	elect	NOUN
ftr-330	521	51	to	to	PART
ftr-330	521	52	make	make	VERB
ftr-330	521	53	a	a	DET
ftr-330	521	54	different	different	ADJ
ftr-330	521	55	allocation	allocation	NOUN
ftr-330	521	56	.	.	PUNCT
ftr-330	522	1	if	if	SCONJ
ftr-330	522	2	the	the	DET
ftr-330	522	3	subsidiary	subsidiary	NOUN
ftr-330	522	4	does	do	AUX
ftr-330	522	5	not	not	PART
ftr-330	522	6	hold	hold	VERB
ftr-330	522	7	stock	stock	NOUN
ftr-330	522	8	of	of	ADP
ftr-330	522	9	any	any	DET
ftr-330	522	10	lower	low	ADJ
ftr-330	522	11	-	-	PUNCT
ftr-330	522	12	tier	tier	NOUN
ftr-330	522	13	subsidiaries	subsidiary	NOUN
ftr-330	522	14	,	,	PUNCT
ftr-330	522	15	any	any	DET
ftr-330	522	16	excess	excess	ADJ
ftr-330	522	17	attribute	attribute	NOUN
ftr-330	522	18	reduction	reduction	NOUN
ftr-330	522	19	amount	amount	NOUN
ftr-330	522	20	is	be	AUX
ftr-330	522	21	then	then	ADV
ftr-330	522	22	applied	apply	VERB
ftr-330	522	23	to	to	PART
ftr-330	522	24	reduce	reduce	VERB
ftr-330	522	25	the	the	DET
ftr-330	522	26	basis	basis	NOUN
ftr-330	522	27	of	of	ADP
ftr-330	522	28	assets	asset	NOUN
ftr-330	522	29	(	(	PUNCT
ftr-330	522	30	category	category	NOUN
ftr-330	522	31	d	d	NOUN
ftr-330	522	32	)	)	PUNCT
ftr-330	522	33	in	in	ADP
ftr-330	522	34	the	the	DET
ftr-330	522	35	asset	asset	NOUN
ftr-330	522	36	classes	class	NOUN
ftr-330	522	37	specified	specify	VERB
ftr-330	522	38	in	in	ADP
ftr-330	522	39	treasury	treasury	NOUN
ftr-330	522	40	regulation	regulation	NOUN
ftr-330	522	41	section	section	NOUN
ftr-330	522	42	1.338–6(b	1.338–6(b	NUM
ftr-330	522	43	)	)	PUNCT
ftr-330	522	44	other	other	ADJ
ftr-330	522	45	than	than	ADP
ftr-330	522	46	class	class	NOUN
ftr-330	522	47	i	i	PRON
ftr-330	522	48	(	(	PUNCT
ftr-330	522	49	cash	cash	NOUN
ftr-330	522	50	and	and	CCONJ
ftr-330	522	51	general	general	ADJ
ftr-330	522	52	deposit	deposit	NOUN
ftr-330	522	53	accounts	account	NOUN
ftr-330	522	54	,	,	PUNCT
ftr-330	522	55	other	other	ADJ
ftr-330	522	56	than	than	ADP
ftr-330	522	57	certificates	certificate	NOUN
ftr-330	522	58	of	of	ADP
ftr-330	522	59	deposit	deposit	NOUN
ftr-330	522	60	held	hold	VERB
ftr-330	522	61	in	in	ADP
ftr-330	522	62	depository	depository	NOUN
ftr-330	522	63	institutions	institution	NOUN
ftr-330	522	64	)	)	PUNCT
ftr-330	522	65	,	,	PUNCT
ftr-330	522	66	98	98	NUM
ftr-330	522	67	.	.	PUNCT
ftr-330	523	1	reg	reg	NOUN
ftr-330	523	2	.	.	PUNCT
ftr-330	524	1	§	§	PROPN
ftr-330	524	2	1.1502–36(d)(2)(ii	1.1502–36(d)(2)(ii	NUM
ftr-330	524	3	)	)	PUNCT
ftr-330	524	4	.	.	PUNCT
ftr-330	525	1	99	99	NUM
ftr-330	525	2	.	.	PUNCT
ftr-330	526	1	reg	reg	PROPN
ftr-330	526	2	.	.	PUNCT
ftr-330	527	1	§	§	PROPN
ftr-330	527	2	1.1502–36(d)(3)(ii	1.1502–36(d)(3)(ii	NUM
ftr-330	527	3	)	)	PUNCT
ftr-330	527	4	.	.	PUNCT
ftr-330	528	1	100	100	NUM
ftr-330	528	2	.	.	PUNCT
ftr-330	528	3	reg	reg	NOUN
ftr-330	528	4	.	.	PUNCT
ftr-330	529	1	§	§	PROPN
ftr-330	529	2	1.1502–36(d)(3)(iii	1.1502–36(d)(3)(iii	NUM
ftr-330	529	3	)	)	PUNCT
ftr-330	529	4	.	.	PUNCT
ftr-330	530	1	2012	2012	NUM
ftr-330	530	2	]	]	PUNCT
ftr-330	530	3	understanding	understand	VERB
ftr-330	530	4	consolidated	consolidated	ADJ
ftr-330	530	5	returns	return	NOUN
ftr-330	530	6	151	151	NUM
ftr-330	530	7	but	but	CCONJ
ftr-330	530	8	in	in	ADP
ftr-330	530	9	the	the	DET
ftr-330	530	10	reverse	reverse	ADJ
ftr-330	530	11	order	order	NOUN
ftr-330	530	12	from	from	ADP
ftr-330	530	13	the	the	DET
ftr-330	530	14	order	order	NOUN
ftr-330	530	15	specified	specify	VERB
ftr-330	530	16	in	in	ADP
ftr-330	530	17	that	that	DET
ftr-330	530	18	section	section	NOUN
ftr-330	530	19	.	.	PUNCT
ftr-330	531	1	thus	thus	ADV
ftr-330	531	2	,	,	PUNCT
ftr-330	531	3	the	the	DET
ftr-330	531	4	basis	basis	NOUN
ftr-330	531	5	in	in	ADP
ftr-330	531	6	any	any	DET
ftr-330	531	7	purchased	purchase	VERB
ftr-330	531	8	goodwill	goodwill	NOUN
ftr-330	531	9	is	be	AUX
ftr-330	531	10	the	the	DET
ftr-330	531	11	first	first	ADJ
ftr-330	531	12	item	item	NOUN
ftr-330	531	13	reduced	reduce	VERB
ftr-330	531	14	.	.	PUNCT
ftr-330	532	1	if	if	SCONJ
ftr-330	532	2	the	the	DET
ftr-330	532	3	subsidiary	subsidiary	NOUN
ftr-330	532	4	holds	hold	VERB
ftr-330	532	5	stock	stock	NOUN
ftr-330	532	6	of	of	ADP
ftr-330	532	7	one	one	NUM
ftr-330	532	8	or	or	CCONJ
ftr-330	532	9	more	more	ADV
ftr-330	532	10	lower	low	ADJ
ftr-330	532	11	-	-	PUNCT
ftr-330	532	12	tier	tier	NOUN
ftr-330	532	13	subsidiaries	subsidiary	NOUN
ftr-330	532	14	,	,	PUNCT
ftr-330	532	15	the	the	DET
ftr-330	532	16	category	category	NOUN
ftr-330	532	17	d	d	NOUN
ftr-330	532	18	attribute	attribute	NOUN
ftr-330	532	19	reduction	reduction	NOUN
ftr-330	532	20	is	be	AUX
ftr-330	532	21	first	first	ADV
ftr-330	532	22	allocated	allocate	VERB
ftr-330	532	23	between	between	ADP
ftr-330	532	24	the	the	DET
ftr-330	532	25	subsidiary	subsidiary	NOUN
ftr-330	532	26	’s	’s	PART
ftr-330	532	27	basis	basis	NOUN
ftr-330	532	28	in	in	ADP
ftr-330	532	29	any	any	DET
ftr-330	532	30	stock	stock	NOUN
ftr-330	532	31	of	of	ADP
ftr-330	532	32	lower	low	ADJ
ftr-330	532	33	-	-	PUNCT
ftr-330	532	34	tier	tier	NOUN
ftr-330	532	35	subsidiaries	subsidiary	NOUN
ftr-330	532	36	and	and	CCONJ
ftr-330	532	37	the	the	DET
ftr-330	532	38	subsidiary	subsidiary	NOUN
ftr-330	532	39	’s	’s	PART
ftr-330	532	40	other	other	ADJ
ftr-330	532	41	assets	asset	NOUN
ftr-330	532	42	(	(	PUNCT
ftr-330	532	43	treating	treat	VERB
ftr-330	532	44	the	the	DET
ftr-330	532	45	nonstock	nonstock	NOUN
ftr-330	532	46	category	category	NOUN
ftr-330	532	47	d	d	NOUN
ftr-330	532	48	assets	asset	NOUN
ftr-330	532	49	as	as	ADP
ftr-330	532	50	one	one	NUM
ftr-330	532	51	asset	asset	NOUN
ftr-330	532	52	)	)	PUNCT
ftr-330	532	53	in	in	ADP
ftr-330	532	54	proportion	proportion	NOUN
ftr-330	532	55	to	to	ADP
ftr-330	532	56	the	the	DET
ftr-330	532	57	subsidiary	subsidiary	NOUN
ftr-330	532	58	’s	’s	PART
ftr-330	532	59	basis	basis	NOUN
ftr-330	532	60	in	in	ADP
ftr-330	532	61	the	the	DET
ftr-330	532	62	stock	stock	NOUN
ftr-330	532	63	of	of	ADP
ftr-330	532	64	each	each	DET
ftr-330	532	65	lower	low	ADJ
ftr-330	532	66	-	-	PUNCT
ftr-330	532	67	tier	tier	NOUN
ftr-330	532	68	subsidiary	subsidiary	NOUN
ftr-330	532	69	and	and	CCONJ
ftr-330	532	70	its	its	PRON
ftr-330	532	71	basis	basis	NOUN
ftr-330	532	72	in	in	ADP
ftr-330	532	73	the	the	DET
ftr-330	532	74	category	category	NOUN
ftr-330	532	75	d	d	NOUN
ftr-330	532	76	assets	asset	NOUN
ftr-330	532	77	other	other	ADJ
ftr-330	532	78	than	than	ADP
ftr-330	532	79	subsidiary	subsidiary	ADJ
ftr-330	532	80	stock	stock	NOUN
ftr-330	532	81	.	.	PUNCT
ftr-330	533	1	only	only	ADV
ftr-330	533	2	the	the	DET
ftr-330	533	3	portion	portion	NOUN
ftr-330	533	4	of	of	ADP
ftr-330	533	5	the	the	DET
ftr-330	533	6	attribute	attribute	NOUN
ftr-330	533	7	reduction	reduction	NOUN
ftr-330	533	8	amount	amount	NOUN
ftr-330	533	9	not	not	PART
ftr-330	533	10	allocated	allocate	VERB
ftr-330	533	11	to	to	ADP
ftr-330	533	12	lower	low	ADJ
ftr-330	533	13	-	-	PUNCT
ftr-330	533	14	tier	tier	NOUN
ftr-330	533	15	subsidiary	subsidiary	NOUN
ftr-330	533	16	stock	stock	NOUN
ftr-330	533	17	is	be	AUX
ftr-330	533	18	applied	apply	VERB
ftr-330	533	19	under	under	ADP
ftr-330	533	20	the	the	DET
ftr-330	533	21	reverse	reverse	ADJ
ftr-330	533	22	residual	residual	ADJ
ftr-330	533	23	method	method	NOUN
ftr-330	533	24	.	.	PUNCT
ftr-330	534	1	(	(	PUNCT
ftr-330	534	2	additional	additional	ADJ
ftr-330	534	3	special	special	ADJ
ftr-330	534	4	rules	rule	NOUN
ftr-330	534	5	apply	apply	VERB
ftr-330	534	6	to	to	PART
ftr-330	534	7	prevent	prevent	VERB
ftr-330	534	8	excessive	excessive	ADJ
ftr-330	534	9	reduction	reduction	NOUN
ftr-330	534	10	of	of	ADP
ftr-330	534	11	attributes	attribute	NOUN
ftr-330	534	12	when	when	SCONJ
ftr-330	534	13	the	the	DET
ftr-330	534	14	subsidiary	subsidiary	NOUN
ftr-330	534	15	itself	itself	PRON
ftr-330	534	16	holds	hold	VERB
ftr-330	534	17	stock	stock	NOUN
ftr-330	534	18	of	of	ADP
ftr-330	534	19	a	a	DET
ftr-330	534	20	lower	low	ADJ
ftr-330	534	21	-	-	PUNCT
ftr-330	534	22	tier	tier	NOUN
ftr-330	534	23	subsidiary.101	subsidiary.101	NOUN
ftr-330	534	24	)	)	PUNCT
ftr-330	534	25	if	if	SCONJ
ftr-330	534	26	the	the	DET
ftr-330	534	27	attribute	attribute	NOUN
ftr-330	534	28	reduction	reduction	NOUN
ftr-330	534	29	amount	amount	NOUN
ftr-330	534	30	exceeds	exceed	VERB
ftr-330	534	31	all	all	PRON
ftr-330	534	32	of	of	ADP
ftr-330	534	33	the	the	DET
ftr-330	534	34	attributes	attribute	NOUN
ftr-330	534	35	available	available	ADJ
ftr-330	534	36	for	for	ADP
ftr-330	534	37	reduction	reduction	NOUN
ftr-330	534	38	,	,	PUNCT
ftr-330	534	39	that	that	DET
ftr-330	534	40	excess	excess	ADJ
ftr-330	534	41	amount	amount	NOUN
ftr-330	534	42	generally	generally	ADV
ftr-330	534	43	has	have	VERB
ftr-330	534	44	no	no	DET
ftr-330	534	45	effect	effect	NOUN
ftr-330	534	46	.	.	PUNCT
ftr-330	535	1	if	if	SCONJ
ftr-330	535	2	,	,	PUNCT
ftr-330	535	3	however	however	ADV
ftr-330	535	4	,	,	PUNCT
ftr-330	535	5	cash	cash	NOUN
ftr-330	535	6	or	or	CCONJ
ftr-330	535	7	other	other	ADJ
ftr-330	535	8	liquid	liquid	ADJ
ftr-330	535	9	assets	asset	NOUN
ftr-330	535	10	are	be	AUX
ftr-330	535	11	held	hold	VERB
ftr-330	535	12	to	to	PART
ftr-330	535	13	fund	fund	VERB
ftr-330	535	14	payment	payment	NOUN
ftr-330	535	15	of	of	ADP
ftr-330	535	16	a	a	DET
ftr-330	535	17	liability	liability	NOUN
ftr-330	535	18	that	that	PRON
ftr-330	535	19	has	have	AUX
ftr-330	535	20	not	not	PART
ftr-330	535	21	yet	yet	ADV
ftr-330	535	22	been	be	AUX
ftr-330	535	23	deducted	deduct	VERB
ftr-330	535	24	but	but	CCONJ
ftr-330	535	25	will	will	AUX
ftr-330	535	26	be	be	AUX
ftr-330	535	27	deductible	deductible	ADJ
ftr-330	535	28	in	in	ADP
ftr-330	535	29	the	the	DET
ftr-330	535	30	future	future	NOUN
ftr-330	535	31	(	(	PUNCT
ftr-330	535	32	e.g.	e.g.	ADV
ftr-330	535	33	,	,	PUNCT
ftr-330	535	34	a	a	DET
ftr-330	535	35	liability	liability	NOUN
ftr-330	535	36	the	the	DET
ftr-330	535	37	deduction	deduction	NOUN
ftr-330	535	38	for	for	ADP
ftr-330	535	39	which	which	PRON
ftr-330	535	40	is	be	AUX
ftr-330	535	41	subject	subject	ADJ
ftr-330	535	42	to	to	ADP
ftr-330	535	43	the	the	DET
ftr-330	535	44	economic	economic	ADJ
ftr-330	535	45	performance	performance	NOUN
ftr-330	535	46	rules	rule	NOUN
ftr-330	535	47	of	of	ADP
ftr-330	535	48	section	section	NOUN
ftr-330	535	49	461(h	461(h	PROPN
ftr-330	535	50	)	)	PUNCT
ftr-330	535	51	)	)	PUNCT
ftr-330	535	52	,	,	PUNCT
ftr-330	535	53	loss	loss	NOUN
ftr-330	535	54	could	could	AUX
ftr-330	535	55	be	be	AUX
ftr-330	535	56	duplicated	duplicate	VERB
ftr-330	535	57	later	later	ADV
ftr-330	535	58	,	,	PUNCT
ftr-330	535	59	when	when	SCONJ
ftr-330	535	60	the	the	DET
ftr-330	535	61	liability	liability	NOUN
ftr-330	535	62	is	be	AUX
ftr-330	535	63	taken	take	VERB
ftr-330	535	64	into	into	ADP
ftr-330	535	65	account	account	NOUN
ftr-330	535	66	.	.	PUNCT
ftr-330	536	1	to	to	PART
ftr-330	536	2	prevent	prevent	VERB
ftr-330	536	3	such	such	ADJ
ftr-330	536	4	loss	loss	NOUN
ftr-330	536	5	duplication	duplication	NOUN
ftr-330	536	6	,	,	PUNCT
ftr-330	536	7	the	the	DET
ftr-330	536	8	excess	excess	ADJ
ftr-330	536	9	attribute	attribute	NOUN
ftr-330	536	10	reduction	reduction	NOUN
ftr-330	536	11	amount	amount	NOUN
ftr-330	536	12	will	will	AUX
ftr-330	536	13	be	be	AUX
ftr-330	536	14	held	hold	VERB
ftr-330	536	15	in	in	ADP
ftr-330	536	16	suspense	suspense	NOUN
ftr-330	536	17	and	and	CCONJ
ftr-330	536	18	applied	apply	VERB
ftr-330	536	19	to	to	PART
ftr-330	536	20	prevent	prevent	VERB
ftr-330	536	21	the	the	DET
ftr-330	536	22	deduction	deduction	NOUN
ftr-330	536	23	or	or	CCONJ
ftr-330	536	24	capitalization	capitalization	NOUN
ftr-330	536	25	of	of	ADP
ftr-330	536	26	later	later	ADJ
ftr-330	536	27	payments	payment	NOUN
ftr-330	536	28	with	with	ADP
ftr-330	536	29	respect	respect	NOUN
ftr-330	536	30	to	to	ADP
ftr-330	536	31	the	the	DET
ftr-330	536	32	liability.102	liability.102	NUM
ftr-330	536	33	additional	additional	ADJ
ftr-330	536	34	special	special	ADJ
ftr-330	536	35	rules	rule	NOUN
ftr-330	536	36	apply	apply	VERB
ftr-330	536	37	to	to	PART
ftr-330	536	38	prevent	prevent	VERB
ftr-330	536	39	excessive	excessive	ADJ
ftr-330	536	40	reduction	reduction	NOUN
ftr-330	536	41	of	of	ADP
ftr-330	536	42	attributes	attribute	NOUN
ftr-330	536	43	when	when	SCONJ
ftr-330	536	44	the	the	DET
ftr-330	536	45	subsidiary	subsidiary	NOUN
ftr-330	536	46	itself	itself	PRON
ftr-330	536	47	holds	hold	VERB
ftr-330	536	48	stock	stock	NOUN
ftr-330	536	49	of	of	ADP
ftr-330	536	50	a	a	DET
ftr-330	536	51	lower	low	ADJ
ftr-330	536	52	-	-	PUNCT
ftr-330	536	53	tier	tier	NOUN
ftr-330	536	54	subsidiary	subsidiary	NOUN
ftr-330	536	55	.	.	PUNCT
ftr-330	537	1	in	in	ADP
ftr-330	537	2	cases	case	NOUN
ftr-330	537	3	where	where	SCONJ
ftr-330	537	4	as	as	ADP
ftr-330	537	5	a	a	DET
ftr-330	537	6	result	result	NOUN
ftr-330	537	7	of	of	ADP
ftr-330	537	8	the	the	DET
ftr-330	537	9	stock	stock	NOUN
ftr-330	537	10	transfer	transfer	NOUN
ftr-330	537	11	the	the	DET
ftr-330	537	12	subsidiary	subsidiary	NOUN
ftr-330	537	13	ceases	cease	VERB
ftr-330	537	14	to	to	PART
ftr-330	537	15	be	be	AUX
ftr-330	537	16	a	a	DET
ftr-330	537	17	member	member	NOUN
ftr-330	537	18	of	of	ADP
ftr-330	537	19	the	the	DET
ftr-330	537	20	group	group	NOUN
ftr-330	537	21	,	,	PUNCT
ftr-330	537	22	an	an	DET
ftr-330	537	23	election	election	NOUN
ftr-330	537	24	may	may	AUX
ftr-330	537	25	be	be	AUX
ftr-330	537	26	made	make	VERB
ftr-330	537	27	to	to	PART
ftr-330	537	28	reattribute	reattribute	VERB
ftr-330	537	29	attributes	attribute	NOUN
ftr-330	537	30	(	(	PUNCT
ftr-330	537	31	other	other	ADJ
ftr-330	537	32	than	than	ADP
ftr-330	537	33	asset	asset	NOUN
ftr-330	537	34	basis	basis	NOUN
ftr-330	537	35	)	)	PUNCT
ftr-330	537	36	and/or	and/or	CCONJ
ftr-330	537	37	to	to	PART
ftr-330	537	38	reduce	reduce	VERB
ftr-330	537	39	stock	stock	NOUN
ftr-330	537	40	basis	basis	NOUN
ftr-330	537	41	(	(	PUNCT
ftr-330	537	42	and	and	CCONJ
ftr-330	537	43	thereby	thereby	ADV
ftr-330	537	44	reduce	reduce	VERB
ftr-330	537	45	stock	stock	NOUN
ftr-330	537	46	loss	loss	NOUN
ftr-330	537	47	)	)	PUNCT
ftr-330	537	48	in	in	ADP
ftr-330	537	49	order	order	NOUN
ftr-330	537	50	to	to	PART
ftr-330	537	51	avoid	avoid	VERB
ftr-330	537	52	attribute	attribute	NOUN
ftr-330	537	53	reduction.103	reduction.103	NOUN
ftr-330	537	54	if	if	SCONJ
ftr-330	537	55	an	an	DET
ftr-330	537	56	election	election	NOUN
ftr-330	537	57	is	be	AUX
ftr-330	537	58	made	make	VERB
ftr-330	537	59	and	and	CCONJ
ftr-330	537	60	it	it	PRON
ftr-330	537	61	is	be	AUX
ftr-330	537	62	ultimately	ultimately	ADV
ftr-330	537	63	determined	determine	VERB
ftr-330	537	64	that	that	SCONJ
ftr-330	537	65	the	the	DET
ftr-330	537	66	subsidiary	subsidiary	NOUN
ftr-330	537	67	has	have	VERB
ftr-330	537	68	no	no	DET
ftr-330	537	69	attribute	attribute	NOUN
ftr-330	537	70	reduction	reduction	NOUN
ftr-330	537	71	amount	amount	NOUN
ftr-330	537	72	the	the	DET
ftr-330	537	73	election	election	NOUN
ftr-330	537	74	will	will	AUX
ftr-330	537	75	have	have	VERB
ftr-330	537	76	no	no	DET
ftr-330	537	77	effect	effect	NOUN
ftr-330	537	78	(	(	PUNCT
ftr-330	537	79	or	or	CCONJ
ftr-330	537	80	if	if	SCONJ
ftr-330	537	81	the	the	DET
ftr-330	537	82	election	election	NOUN
ftr-330	537	83	is	be	AUX
ftr-330	537	84	made	make	VERB
ftr-330	537	85	for	for	ADP
ftr-330	537	86	an	an	DET
ftr-330	537	87	amount	amount	NOUN
ftr-330	537	88	that	that	PRON
ftr-330	537	89	exceeds	exceed	VERB
ftr-330	537	90	the	the	DET
ftr-330	537	91	finally	finally	ADV
ftr-330	537	92	determined	determined	ADJ
ftr-330	537	93	attribute	attribute	NOUN
ftr-330	537	94	reduction	reduction	NOUN
ftr-330	537	95	amount	amount	NOUN
ftr-330	537	96	,	,	PUNCT
ftr-330	537	97	the	the	DET
ftr-330	537	98	election	election	NOUN
ftr-330	537	99	will	will	AUX
ftr-330	537	100	have	have	VERB
ftr-330	537	101	no	no	DET
ftr-330	537	102	effect	effect	NOUN
ftr-330	537	103	to	to	ADP
ftr-330	537	104	the	the	DET
ftr-330	537	105	extent	extent	NOUN
ftr-330	537	106	of	of	ADP
ftr-330	537	107	that	that	DET
ftr-330	537	108	excess	excess	NOUN
ftr-330	537	109	)	)	PUNCT
ftr-330	537	110	.	.	PUNCT
ftr-330	538	1	in	in	ADP
ftr-330	538	2	addition	addition	NOUN
ftr-330	538	3	,	,	PUNCT
ftr-330	538	4	taxpayers	taxpayer	NOUN
ftr-330	538	5	may	may	AUX
ftr-330	538	6	elect	elect	VERB
ftr-330	538	7	to	to	PART
ftr-330	538	8	reduce	reduce	VERB
ftr-330	538	9	(	(	PUNCT
ftr-330	538	10	or	or	CCONJ
ftr-330	538	11	not	not	PART
ftr-330	538	12	reduce	reduce	VERB
ftr-330	538	13	)	)	PUNCT
ftr-330	538	14	stock	stock	NOUN
ftr-330	538	15	basis	basis	NOUN
ftr-330	538	16	,	,	PUNCT
ftr-330	538	17	or	or	CCONJ
ftr-330	538	18	to	to	PART
ftr-330	538	19	reattribute	reattribute	VERB
ftr-330	538	20	(	(	PUNCT
ftr-330	538	21	or	or	CCONJ
ftr-330	538	22	not	not	PART
ftr-330	538	23	reattribute	reattribute	NOUN
ftr-330	538	24	)	)	PUNCT
ftr-330	538	25	attributes	attribute	VERB
ftr-330	538	26	,	,	PUNCT
ftr-330	538	27	or	or	CCONJ
ftr-330	538	28	some	some	DET
ftr-330	538	29	combination	combination	NOUN
ftr-330	538	30	thereof	thereof	ADV
ftr-330	538	31	,	,	PUNCT
ftr-330	538	32	in	in	ADP
ftr-330	538	33	any	any	DET
ftr-330	538	34	amount	amount	NOUN
ftr-330	538	35	that	that	PRON
ftr-330	538	36	does	do	AUX
ftr-330	538	37	not	not	PART
ftr-330	538	38	exceed	exceed	VERB
ftr-330	538	39	the	the	DET
ftr-330	538	40	subsidiary	subsidiary	NOUN
ftr-330	538	41	’s	’s	PART
ftr-330	538	42	attribute	attribute	NOUN
ftr-330	538	43	reduction	reduction	NOUN
ftr-330	538	44	amount.104	amount.104	X
ftr-330	538	45	finally	finally	ADV
ftr-330	538	46	,	,	PUNCT
ftr-330	538	47	if	if	SCONJ
ftr-330	538	48	the	the	DET
ftr-330	538	49	subsidiary	subsidiary	NOUN
ftr-330	538	50	ceases	cease	VERB
ftr-330	538	51	to	to	PART
ftr-330	538	52	be	be	AUX
ftr-330	538	53	a	a	DET
ftr-330	538	54	member	member	NOUN
ftr-330	538	55	of	of	ADP
ftr-330	538	56	the	the	DET
ftr-330	538	57	consolidated	consolidated	ADJ
ftr-330	538	58	group	group	NOUN
ftr-330	538	59	as	as	ADP
ftr-330	538	60	a	a	DET
ftr-330	538	61	result	result	NOUN
ftr-330	538	62	of	of	ADP
ftr-330	538	63	the	the	DET
ftr-330	538	64	transfer	transfer	NOUN
ftr-330	538	65	,	,	PUNCT
ftr-330	538	66	the	the	DET
ftr-330	538	67	common	common	ADJ
ftr-330	538	68	parent	parent	NOUN
ftr-330	538	69	of	of	ADP
ftr-330	538	70	the	the	DET
ftr-330	538	71	group	group	NOUN
ftr-330	538	72	can	can	AUX
ftr-330	538	73	elect	elect	VERB
ftr-330	538	74	to	to	PART
ftr-330	538	75	reduce	reduce	VERB
ftr-330	538	76	stock	stock	NOUN
ftr-330	538	77	basis	basis	NOUN
ftr-330	538	78	(	(	PUNCT
ftr-330	538	79	thereby	thereby	ADV
ftr-330	538	80	reducing	reduce	VERB
ftr-330	538	81	an	an	DET
ftr-330	538	82	otherwise	otherwise	ADV
ftr-330	538	83	allowable	allowable	ADJ
ftr-330	538	84	loss	loss	NOUN
ftr-330	538	85	on	on	ADP
ftr-330	538	86	the	the	DET
ftr-330	538	87	sale	sale	NOUN
ftr-330	538	88	of	of	ADP
ftr-330	538	89	the	the	DET
ftr-330	538	90	stock	stock	NOUN
ftr-330	538	91	)	)	PUNCT
ftr-330	538	92	,	,	PUNCT
ftr-330	538	93	reattribute	reattribute	NOUN
ftr-330	538	94	attributes	attribute	VERB
ftr-330	538	95	,	,	PUNCT
ftr-330	538	96	or	or	CCONJ
ftr-330	538	97	apply	apply	VERB
ftr-330	538	98	some	some	DET
ftr-330	538	99	combination	combination	NOUN
ftr-330	538	100	of	of	ADP
ftr-330	538	101	basis	basis	NOUN
ftr-330	538	102	101	101	NUM
ftr-330	538	103	.	.	PUNCT
ftr-330	539	1	reg	reg	NOUN
ftr-330	539	2	.	.	PUNCT
ftr-330	540	1	§	§	PROPN
ftr-330	540	2	1.1502–36(d)(4)(ii	1.1502–36(d)(4)(ii	NUM
ftr-330	540	3	)	)	PUNCT
ftr-330	540	4	.	.	PUNCT
ftr-330	541	1	102	102	NUM
ftr-330	541	2	.	.	PUNCT
ftr-330	542	1	reg	reg	NOUN
ftr-330	542	2	.	.	PUNCT
ftr-330	543	1	§	§	PROPN
ftr-330	543	2	1.1502–36(d)(4)(ii)(c	1.1502–36(d)(4)(ii)(c	NUM
ftr-330	543	3	)	)	PUNCT
ftr-330	543	4	.	.	PUNCT
ftr-330	544	1	103	103	NUM
ftr-330	544	2	.	.	PUNCT
ftr-330	545	1	reg	reg	NOUN
ftr-330	545	2	.	.	PUNCT
ftr-330	546	1	§	§	PROPN
ftr-330	546	2	1.1502–36(d)(4	1.1502–36(d)(4	NUM
ftr-330	546	3	)	)	PUNCT
ftr-330	546	4	.	.	PUNCT
ftr-330	547	1	104	104	NUM
ftr-330	547	2	.	.	PUNCT
ftr-330	548	1	the	the	DET
ftr-330	548	2	reattribution	reattribution	NOUN
ftr-330	548	3	election	election	NOUN
ftr-330	548	4	may	may	AUX
ftr-330	548	5	be	be	AUX
ftr-330	548	6	made	make	VERB
ftr-330	548	7	only	only	ADV
ftr-330	548	8	if	if	SCONJ
ftr-330	548	9	the	the	DET
ftr-330	548	10	subsidiary	subsidiary	NOUN
ftr-330	548	11	ceases	cease	VERB
ftr-330	548	12	to	to	PART
ftr-330	548	13	be	be	AUX
ftr-330	548	14	a	a	DET
ftr-330	548	15	group	group	NOUN
ftr-330	548	16	member	member	NOUN
ftr-330	548	17	.	.	PUNCT
ftr-330	549	1	152	152	NUM
ftr-330	549	2	florida	florida	PROPN
ftr-330	549	3	tax	tax	NOUN
ftr-330	549	4	review	review	NOUN
ftr-330	550	1	[	[	X
ftr-330	550	2	vol	vol	NOUN
ftr-330	550	3	.	.	PUNCT
ftr-330	551	1	12:3	12:3	NUM
ftr-330	551	2	reduction	reduction	NOUN
ftr-330	551	3	and	and	CCONJ
ftr-330	551	4	attribute	attribute	NOUN
ftr-330	551	5	reattribution	reattribution	NOUN
ftr-330	551	6	after	after	ADP
ftr-330	551	7	the	the	DET
ftr-330	551	8	otherwise	otherwise	ADV
ftr-330	551	9	required	require	VERB
ftr-330	551	10	attribute	attribute	NOUN
ftr-330	551	11	reduction	reduction	NOUN
ftr-330	551	12	.	.	PUNCT
ftr-330	552	1	5	5	X
ftr-330	552	2	.	.	X
ftr-330	552	3	worthlessness	worthlessness	NOUN
ftr-330	552	4	if	if	SCONJ
ftr-330	552	5	a	a	DET
ftr-330	552	6	member	member	NOUN
ftr-330	552	7	treats	treat	VERB
ftr-330	552	8	stock	stock	NOUN
ftr-330	552	9	of	of	ADP
ftr-330	552	10	the	the	DET
ftr-330	552	11	subsidiary	subsidiary	NOUN
ftr-330	552	12	as	as	ADP
ftr-330	552	13	worthless	worthless	ADJ
ftr-330	552	14	under	under	ADP
ftr-330	552	15	section	section	NOUN
ftr-330	552	16	165(g	165(g	NUM
ftr-330	552	17	)	)	PUNCT
ftr-330	552	18	and	and	CCONJ
ftr-330	552	19	the	the	DET
ftr-330	552	20	subsidiary	subsidiary	NOUN
ftr-330	552	21	continues	continue	VERB
ftr-330	552	22	as	as	ADP
ftr-330	552	23	a	a	DET
ftr-330	552	24	member	member	NOUN
ftr-330	552	25	,	,	PUNCT
ftr-330	552	26	or	or	CCONJ
ftr-330	552	27	if	if	SCONJ
ftr-330	552	28	a	a	DET
ftr-330	552	29	member	member	NOUN
ftr-330	552	30	recognizes	recognize	VERB
ftr-330	552	31	a	a	DET
ftr-330	552	32	loss	loss	NOUN
ftr-330	552	33	on	on	ADP
ftr-330	552	34	subsidiary	subsidiary	ADJ
ftr-330	552	35	stock	stock	NOUN
ftr-330	552	36	and	and	CCONJ
ftr-330	552	37	on	on	ADP
ftr-330	552	38	the	the	DET
ftr-330	552	39	following	following	ADJ
ftr-330	552	40	day	day	NOUN
ftr-330	552	41	the	the	DET
ftr-330	552	42	subsidiary	subsidiary	NOUN
ftr-330	552	43	is	be	AUX
ftr-330	552	44	not	not	PART
ftr-330	552	45	a	a	DET
ftr-330	552	46	member	member	NOUN
ftr-330	552	47	and	and	CCONJ
ftr-330	552	48	does	do	AUX
ftr-330	552	49	not	not	PART
ftr-330	552	50	have	have	VERB
ftr-330	552	51	a	a	DET
ftr-330	552	52	separate	separate	ADJ
ftr-330	552	53	return	return	NOUN
ftr-330	552	54	year	year	NOUN
ftr-330	552	55	following	follow	VERB
ftr-330	552	56	the	the	DET
ftr-330	552	57	recognition	recognition	NOUN
ftr-330	552	58	of	of	ADP
ftr-330	552	59	the	the	DET
ftr-330	552	60	loss	loss	NOUN
ftr-330	552	61	,	,	PUNCT
ftr-330	552	62	all	all	DET
ftr-330	552	63	category	category	NOUN
ftr-330	552	64	a	a	PRON
ftr-330	552	65	,	,	PUNCT
ftr-330	552	66	category	category	NOUN
ftr-330	552	67	b	b	NOUN
ftr-330	552	68	,	,	PUNCT
ftr-330	552	69	and	and	CCONJ
ftr-330	552	70	category	category	NOUN
ftr-330	552	71	c	c	PROPN
ftr-330	552	72	attributes	attribute	NOUN
ftr-330	552	73	(	(	PUNCT
ftr-330	552	74	i.e.	i.e.	X
ftr-330	552	75	,	,	PUNCT
ftr-330	552	76	capital	capital	NOUN
ftr-330	552	77	loss	loss	NOUN
ftr-330	552	78	carryovers	carryover	NOUN
ftr-330	552	79	,	,	PUNCT
ftr-330	552	80	net	net	ADJ
ftr-330	552	81	operating	operating	NOUN
ftr-330	552	82	loss	loss	NOUN
ftr-330	552	83	carryovers	carryover	NOUN
ftr-330	552	84	,	,	PUNCT
ftr-330	552	85	and	and	CCONJ
ftr-330	552	86	deferred	deferred	ADJ
ftr-330	552	87	deductions	deduction	NOUN
ftr-330	552	88	)	)	PUNCT
ftr-330	552	89	that	that	PRON
ftr-330	552	90	have	have	AUX
ftr-330	552	91	not	not	PART
ftr-330	552	92	otherwise	otherwise	ADV
ftr-330	552	93	been	be	AUX
ftr-330	552	94	eliminated	eliminate	VERB
ftr-330	552	95	or	or	CCONJ
ftr-330	552	96	reattributed	reattribute	VERB
ftr-330	552	97	,	,	PUNCT
ftr-330	552	98	as	as	ADV
ftr-330	552	99	well	well	ADV
ftr-330	552	100	as	as	ADP
ftr-330	552	101	any	any	DET
ftr-330	552	102	credit	credit	NOUN
ftr-330	552	103	carryovers	carryover	NOUN
ftr-330	552	104	,	,	PUNCT
ftr-330	552	105	are	be	AUX
ftr-330	552	106	eliminated.105	eliminated.105	ADJ
ftr-330	552	107	viii	viii	NOUN
ftr-330	552	108	.	.	PUNCT
ftr-330	553	1	earnings	earning	NOUN
ftr-330	553	2	and	and	CCONJ
ftr-330	553	3	profits	profit	NOUN
ftr-330	553	4	earnings	earning	NOUN
ftr-330	553	5	and	and	CCONJ
ftr-330	553	6	profits	profit	NOUN
ftr-330	553	7	are	be	AUX
ftr-330	553	8	one	one	NUM
ftr-330	553	9	of	of	ADP
ftr-330	553	10	those	those	DET
ftr-330	553	11	categories	category	NOUN
ftr-330	553	12	of	of	ADP
ftr-330	553	13	tax	tax	NOUN
ftr-330	553	14	attributes	attribute	NOUN
ftr-330	553	15	that	that	PRON
ftr-330	553	16	are	be	AUX
ftr-330	553	17	tracked	track	VERB
ftr-330	553	18	on	on	ADP
ftr-330	553	19	a	a	DET
ftr-330	553	20	separate	separate	ADJ
ftr-330	553	21	member	member	NOUN
ftr-330	553	22	basis	basis	NOUN
ftr-330	553	23	because	because	SCONJ
ftr-330	553	24	it	it	PRON
ftr-330	553	25	is	be	AUX
ftr-330	553	26	necessary	necessary	ADJ
ftr-330	553	27	to	to	PART
ftr-330	553	28	know	know	VERB
ftr-330	553	29	when	when	SCONJ
ftr-330	553	30	each	each	DET
ftr-330	553	31	member	member	NOUN
ftr-330	553	32	pays	pay	VERB
ftr-330	553	33	a	a	DET
ftr-330	553	34	dividend	dividend	NOUN
ftr-330	553	35	.	.	PUNCT
ftr-330	554	1	section	section	NOUN
ftr-330	554	2	301(a	301(a	PROPN
ftr-330	554	3	)	)	PUNCT
ftr-330	554	4	generally	generally	ADV
ftr-330	554	5	covers	cover	VERB
ftr-330	554	6	all	all	DET
ftr-330	554	7	distributions	distribution	NOUN
ftr-330	554	8	of	of	ADP
ftr-330	554	9	property	property	NOUN
ftr-330	554	10	by	by	ADP
ftr-330	554	11	a	a	DET
ftr-330	554	12	corporation	corporation	NOUN
ftr-330	554	13	to	to	ADP
ftr-330	554	14	its	its	PRON
ftr-330	554	15	shareholders	shareholder	NOUN
ftr-330	554	16	in	in	ADP
ftr-330	554	17	their	their	PRON
ftr-330	554	18	capacity	capacity	NOUN
ftr-330	554	19	as	as	ADP
ftr-330	554	20	shareholders	shareholder	NOUN
ftr-330	554	21	unless	unless	SCONJ
ftr-330	554	22	displaced	displace	VERB
ftr-330	554	23	by	by	ADP
ftr-330	554	24	another	another	DET
ftr-330	554	25	rule	rule	NOUN
ftr-330	554	26	.	.	PUNCT
ftr-330	555	1	there	there	PRON
ftr-330	555	2	are	be	VERB
ftr-330	555	3	important	important	ADJ
ftr-330	555	4	exceptions	exception	NOUN
ftr-330	555	5	:	:	PUNCT
ftr-330	555	6	(	(	PUNCT
ftr-330	555	7	1	1	X
ftr-330	555	8	)	)	PUNCT
ftr-330	555	9	the	the	DET
ftr-330	555	10	distribution	distribution	NOUN
ftr-330	555	11	of	of	ADP
ftr-330	555	12	stock	stock	NOUN
ftr-330	555	13	or	or	CCONJ
ftr-330	555	14	rights	right	NOUN
ftr-330	555	15	to	to	ADP
ftr-330	555	16	stock	stock	NOUN
ftr-330	555	17	of	of	ADP
ftr-330	555	18	the	the	DET
ftr-330	555	19	corporation	corporation	NOUN
ftr-330	555	20	is	be	AUX
ftr-330	555	21	not	not	PART
ftr-330	555	22	considered	consider	VERB
ftr-330	555	23	a	a	DET
ftr-330	555	24	distribution	distribution	NOUN
ftr-330	555	25	of	of	ADP
ftr-330	555	26	“	"	PUNCT
ftr-330	555	27	property	property	NOUN
ftr-330	555	28	”	"	PUNCT
ftr-330	555	29	for	for	ADP
ftr-330	555	30	this	this	DET
ftr-330	555	31	purpose	purpose	NOUN
ftr-330	555	32	,	,	PUNCT
ftr-330	555	33	and	and	CCONJ
ftr-330	555	34	(	(	PUNCT
ftr-330	555	35	2	2	X
ftr-330	555	36	)	)	PUNCT
ftr-330	555	37	distributions	distribution	NOUN
ftr-330	555	38	in	in	ADP
ftr-330	555	39	redemption	redemption	NOUN
ftr-330	555	40	of	of	ADP
ftr-330	555	41	stock	stock	NOUN
ftr-330	555	42	under	under	ADP
ftr-330	555	43	certain	certain	ADJ
ftr-330	555	44	circumstances	circumstance	NOUN
ftr-330	555	45	and	and	CCONJ
ftr-330	555	46	complete	complete	ADJ
ftr-330	555	47	liquidations	liquidation	NOUN
ftr-330	555	48	are	be	AUX
ftr-330	555	49	not	not	PART
ftr-330	555	50	considered	consider	VERB
ftr-330	555	51	section	section	NOUN
ftr-330	555	52	301	301	NUM
ftr-330	555	53	distributions	distribution	NOUN
ftr-330	555	54	.	.	PUNCT
ftr-330	556	1	section	section	NOUN
ftr-330	556	2	301(c	301(c	PROPN
ftr-330	556	3	)	)	PUNCT
ftr-330	556	4	classifies	classify	VERB
ftr-330	556	5	distributions	distribution	NOUN
ftr-330	556	6	between	between	ADP
ftr-330	556	7	dividends	dividend	NOUN
ftr-330	556	8	,	,	PUNCT
ftr-330	556	9	which	which	PRON
ftr-330	556	10	are	be	AUX
ftr-330	556	11	included	include	VERB
ftr-330	556	12	directly	directly	ADV
ftr-330	556	13	in	in	ADP
ftr-330	556	14	gross	gross	ADJ
ftr-330	556	15	income	income	NOUN
ftr-330	556	16	(	(	PUNCT
ftr-330	556	17	section	section	NOUN
ftr-330	556	18	301(c)(1	301(c)(1	PROPN
ftr-330	556	19	)	)	PUNCT
ftr-330	556	20	)	)	PUNCT
ftr-330	556	21	,	,	PUNCT
ftr-330	556	22	and	and	CCONJ
ftr-330	556	23	distributions	distribution	NOUN
ftr-330	556	24	that	that	PRON
ftr-330	556	25	are	be	AUX
ftr-330	556	26	not	not	PART
ftr-330	556	27	dividends	dividend	NOUN
ftr-330	556	28	,	,	PUNCT
ftr-330	556	29	which	which	PRON
ftr-330	556	30	are	be	AUX
ftr-330	556	31	first	first	ADV
ftr-330	556	32	treated	treat	VERB
ftr-330	556	33	as	as	ADP
ftr-330	556	34	a	a	DET
ftr-330	556	35	return	return	NOUN
ftr-330	556	36	of	of	ADP
ftr-330	556	37	capital	capital	NOUN
ftr-330	556	38	applied	apply	VERB
ftr-330	556	39	against	against	ADP
ftr-330	556	40	the	the	DET
ftr-330	556	41	stock	stock	NOUN
ftr-330	556	42	basis	basis	NOUN
ftr-330	556	43	(	(	PUNCT
ftr-330	556	44	section	section	NOUN
ftr-330	556	45	301(c)(2	301(c)(2	NUM
ftr-330	556	46	)	)	PUNCT
ftr-330	556	47	)	)	PUNCT
ftr-330	556	48	,	,	PUNCT
ftr-330	556	49	with	with	ADP
ftr-330	556	50	amounts	amount	NOUN
ftr-330	556	51	in	in	ADP
ftr-330	556	52	excess	excess	NOUN
ftr-330	556	53	of	of	ADP
ftr-330	556	54	that	that	DET
ftr-330	556	55	basis	basis	NOUN
ftr-330	556	56	being	be	AUX
ftr-330	556	57	treated	treat	VERB
ftr-330	556	58	as	as	ADP
ftr-330	556	59	gain	gain	NOUN
ftr-330	556	60	from	from	ADP
ftr-330	556	61	the	the	DET
ftr-330	556	62	sale	sale	NOUN
ftr-330	556	63	or	or	CCONJ
ftr-330	556	64	exchange	exchange	NOUN
ftr-330	556	65	of	of	ADP
ftr-330	556	66	property	property	NOUN
ftr-330	556	67	(	(	PUNCT
ftr-330	556	68	section	section	NOUN
ftr-330	556	69	301(c)(3	301(c)(3	NOUN
ftr-330	556	70	)	)	PUNCT
ftr-330	556	71	)	)	PUNCT
ftr-330	556	72	,	,	PUNCT
ftr-330	556	73	thus	thus	ADV
ftr-330	556	74	bringing	bring	VERB
ftr-330	556	75	the	the	DET
ftr-330	556	76	capital	capital	NOUN
ftr-330	556	77	gain	gain	NOUN
ftr-330	556	78	provisions	provision	NOUN
ftr-330	556	79	into	into	ADP
ftr-330	556	80	play	play	NOUN
ftr-330	556	81	.	.	PUNCT
ftr-330	557	1	section	section	NOUN
ftr-330	557	2	61(a)(7	61(a)(7	NUM
ftr-330	557	3	)	)	PUNCT
ftr-330	557	4	also	also	ADV
ftr-330	557	5	requires	require	VERB
ftr-330	557	6	that	that	SCONJ
ftr-330	557	7	dividends	dividend	NOUN
ftr-330	557	8	in	in	ADP
ftr-330	557	9	the	the	DET
ftr-330	557	10	tax	tax	NOUN
ftr-330	557	11	sense	sense	NOUN
ftr-330	557	12	be	be	AUX
ftr-330	557	13	included	include	VERB
ftr-330	557	14	in	in	ADP
ftr-330	557	15	gross	gross	ADJ
ftr-330	557	16	income	income	NOUN
ftr-330	557	17	.	.	PUNCT
ftr-330	558	1	section	section	NOUN
ftr-330	558	2	316(a	316(a	NUM
ftr-330	558	3	)	)	PUNCT
ftr-330	558	4	defines	define	VERB
ftr-330	558	5	a	a	DET
ftr-330	558	6	dividend	dividend	NOUN
ftr-330	558	7	as	as	ADP
ftr-330	558	8	any	any	DET
ftr-330	558	9	distribution	distribution	NOUN
ftr-330	558	10	to	to	ADP
ftr-330	558	11	a	a	DET
ftr-330	558	12	shareholder	shareholder	NOUN
ftr-330	558	13	if	if	SCONJ
ftr-330	558	14	it	it	PRON
ftr-330	558	15	is	be	AUX
ftr-330	558	16	out	out	ADP
ftr-330	558	17	of	of	ADP
ftr-330	558	18	either	either	CCONJ
ftr-330	558	19	(	(	PUNCT
ftr-330	558	20	1	1	NUM
ftr-330	558	21	)	)	PUNCT
ftr-330	558	22	earnings	earning	NOUN
ftr-330	558	23	and	and	CCONJ
ftr-330	558	24	profits	profit	NOUN
ftr-330	558	25	accumulated	accumulate	VERB
ftr-330	558	26	after	after	ADP
ftr-330	558	27	february	february	PROPN
ftr-330	558	28	28	28	NUM
ftr-330	558	29	,	,	PUNCT
ftr-330	558	30	1913	1913	NUM
ftr-330	558	31	,	,	PUNCT
ftr-330	558	32	or	or	CCONJ
ftr-330	558	33	(	(	PUNCT
ftr-330	558	34	2	2	NUM
ftr-330	558	35	)	)	PUNCT
ftr-330	558	36	earnings	earning	NOUN
ftr-330	558	37	and	and	CCONJ
ftr-330	558	38	profits	profit	NOUN
ftr-330	558	39	of	of	ADP
ftr-330	558	40	the	the	DET
ftr-330	558	41	current	current	ADJ
ftr-330	558	42	year	year	NOUN
ftr-330	558	43	regardless	regardless	ADV
ftr-330	558	44	of	of	ADP
ftr-330	558	45	a	a	DET
ftr-330	558	46	lack	lack	NOUN
ftr-330	558	47	of	of	ADP
ftr-330	558	48	,	,	PUNCT
ftr-330	558	49	or	or	CCONJ
ftr-330	558	50	deficit	deficit	NOUN
ftr-330	558	51	in	in	ADP
ftr-330	558	52	,	,	PUNCT
ftr-330	558	53	accumulated	accumulate	VERB
ftr-330	558	54	earnings	earning	NOUN
ftr-330	558	55	and	and	CCONJ
ftr-330	558	56	profits	profit	NOUN
ftr-330	558	57	.	.	PUNCT
ftr-330	559	1	earnings	earning	NOUN
ftr-330	559	2	and	and	CCONJ
ftr-330	559	3	profits	profit	NOUN
ftr-330	559	4	differ	differ	VERB
ftr-330	559	5	substantially	substantially	ADV
ftr-330	559	6	from	from	ADP
ftr-330	559	7	taxable	taxable	ADJ
ftr-330	559	8	income	income	NOUN
ftr-330	559	9	,	,	PUNCT
ftr-330	559	10	being	be	AUX
ftr-330	559	11	more	more	ADV
ftr-330	559	12	akin	akin	ADJ
ftr-330	559	13	to	to	ADP
ftr-330	559	14	net	net	ADJ
ftr-330	559	15	income	income	NOUN
ftr-330	559	16	in	in	ADP
ftr-330	559	17	a	a	DET
ftr-330	559	18	financial	financial	ADJ
ftr-330	559	19	accounting	accounting	NOUN
ftr-330	559	20	sense	sense	NOUN
ftr-330	559	21	.	.	PUNCT
ftr-330	560	1	special	special	ADJ
ftr-330	560	2	adjustments	adjustment	NOUN
ftr-330	560	3	are	be	AUX
ftr-330	560	4	required	require	VERB
ftr-330	560	5	in	in	ADP
ftr-330	560	6	the	the	DET
ftr-330	560	7	earnings	earning	NOUN
ftr-330	560	8	and	and	CCONJ
ftr-330	560	9	profits	profit	NOUN
ftr-330	560	10	accounts	account	NOUN
ftr-330	560	11	of	of	ADP
ftr-330	560	12	the	the	DET
ftr-330	560	13	parent	parent	NOUN
ftr-330	560	14	corporation	corporation	NOUN
ftr-330	560	15	in	in	ADP
ftr-330	560	16	a	a	DET
ftr-330	560	17	consolidated	consolidated	ADJ
ftr-330	560	18	group	group	NOUN
ftr-330	560	19	to	to	PART
ftr-330	560	20	reflect	reflect	VERB
ftr-330	560	21	the	the	DET
ftr-330	560	22	consolidated	consolidated	ADJ
ftr-330	560	23	situation	situation	NOUN
ftr-330	560	24	.	.	PUNCT
ftr-330	561	1	if	if	SCONJ
ftr-330	561	2	the	the	DET
ftr-330	561	3	parent	parent	NOUN
ftr-330	561	4	of	of	ADP
ftr-330	561	5	the	the	DET
ftr-330	561	6	group	group	NOUN
ftr-330	561	7	were	be	AUX
ftr-330	561	8	not	not	PART
ftr-330	561	9	required	require	VERB
ftr-330	561	10	to	to	PART
ftr-330	561	11	include	include	VERB
ftr-330	561	12	in	in	ADP
ftr-330	561	13	its	its	PRON
ftr-330	561	14	105	105	NUM
ftr-330	561	15	.	.	PUNCT
ftr-330	562	1	reg	reg	NOUN
ftr-330	562	2	.	.	PUNCT
ftr-330	563	1	§	§	PROPN
ftr-330	563	2	1.1502–36(d)(7	1.1502–36(d)(7	NUM
ftr-330	563	3	)	)	PUNCT
ftr-330	563	4	.	.	PUNCT
ftr-330	564	1	a	a	DET
ftr-330	564	2	worthlessness	worthlessness	NOUN
ftr-330	564	3	determination	determination	NOUN
ftr-330	564	4	must	must	AUX
ftr-330	564	5	take	take	VERB
ftr-330	564	6	into	into	ADP
ftr-330	564	7	account	account	NOUN
ftr-330	564	8	the	the	DET
ftr-330	564	9	rules	rule	NOUN
ftr-330	564	10	in	in	ADP
ftr-330	564	11	reg	reg	NOUN
ftr-330	564	12	.	.	PUNCT
ftr-330	565	1	§	§	PROPN
ftr-330	565	2	1.1502–80(c	1.1502–80(c	NUM
ftr-330	565	3	)	)	PUNCT
ftr-330	565	4	,	,	PUNCT
ftr-330	565	5	as	as	ADV
ftr-330	565	6	well	well	ADV
ftr-330	565	7	as	as	ADP
ftr-330	565	8	under	under	ADP
ftr-330	565	9	section	section	NOUN
ftr-330	565	10	165	165	NUM
ftr-330	565	11	.	.	PUNCT
ftr-330	565	12	2012	2012	NUM
ftr-330	565	13	]	]	PUNCT
ftr-330	565	14	understanding	understand	VERB
ftr-330	565	15	consolidated	consolidated	ADJ
ftr-330	565	16	returns	return	NOUN
ftr-330	565	17	153	153	NUM
ftr-330	565	18	earnings	earning	NOUN
ftr-330	565	19	and	and	CCONJ
ftr-330	565	20	profits	profit	VERB
ftr-330	565	21	the	the	DET
ftr-330	565	22	earnings	earning	NOUN
ftr-330	565	23	and	and	CCONJ
ftr-330	565	24	profits	profit	NOUN
ftr-330	565	25	of	of	ADP
ftr-330	565	26	subsidiaries	subsidiary	NOUN
ftr-330	565	27	in	in	ADP
ftr-330	565	28	the	the	DET
ftr-330	565	29	group	group	NOUN
ftr-330	565	30	,	,	PUNCT
ftr-330	565	31	under	under	ADP
ftr-330	565	32	section	section	NOUN
ftr-330	565	33	301	301	NUM
ftr-330	565	34	a	a	DET
ftr-330	565	35	parent	parent	NOUN
ftr-330	565	36	corporation	corporation	NOUN
ftr-330	565	37	with	with	ADP
ftr-330	565	38	profitable	profitable	ADJ
ftr-330	565	39	subsidiaries	subsidiary	NOUN
ftr-330	565	40	and	and	CCONJ
ftr-330	565	41	no	no	DET
ftr-330	565	42	earnings	earning	NOUN
ftr-330	565	43	and	and	CCONJ
ftr-330	565	44	profits	profit	NOUN
ftr-330	565	45	of	of	ADP
ftr-330	565	46	its	its	PRON
ftr-330	565	47	own	own	ADJ
ftr-330	565	48	could	could	AUX
ftr-330	565	49	make	make	VERB
ftr-330	565	50	tax	tax	NOUN
ftr-330	565	51	-	-	PUNCT
ftr-330	565	52	free	free	ADJ
ftr-330	565	53	distributions	distribution	NOUN
ftr-330	565	54	to	to	ADP
ftr-330	565	55	its	its	PRON
ftr-330	565	56	stockholders	stockholder	NOUN
ftr-330	565	57	despite	despite	SCONJ
ftr-330	565	58	the	the	DET
ftr-330	565	59	group	group	NOUN
ftr-330	565	60	as	as	ADP
ftr-330	565	61	a	a	DET
ftr-330	565	62	whole	whole	NOUN
ftr-330	565	63	having	have	VERB
ftr-330	565	64	current	current	ADJ
ftr-330	565	65	or	or	CCONJ
ftr-330	565	66	accumulated	accumulate	VERB
ftr-330	565	67	earnings	earning	NOUN
ftr-330	565	68	.	.	PUNCT
ftr-330	566	1	the	the	DET
ftr-330	566	2	earnings	earning	NOUN
ftr-330	566	3	and	and	CCONJ
ftr-330	566	4	profits	profit	NOUN
ftr-330	566	5	of	of	ADP
ftr-330	566	6	a	a	DET
ftr-330	566	7	consolidated	consolidated	ADJ
ftr-330	566	8	subsidiary	subsidiary	NOUN
ftr-330	566	9	are	be	AUX
ftr-330	566	10	determined	determine	VERB
ftr-330	566	11	under	under	ADP
ftr-330	566	12	the	the	DET
ftr-330	566	13	applicable	applicable	ADJ
ftr-330	566	14	provisions	provision	NOUN
ftr-330	566	15	of	of	ADP
ftr-330	566	16	the	the	DET
ftr-330	566	17	code	code	NOUN
ftr-330	566	18	and	and	CCONJ
ftr-330	566	19	passed	pass	VERB
ftr-330	566	20	up	up	ADP
ftr-330	566	21	through	through	ADP
ftr-330	566	22	higher	high	ADJ
ftr-330	566	23	-	-	PUNCT
ftr-330	566	24	tier	tier	NOUN
ftr-330	566	25	entities	entity	NOUN
ftr-330	566	26	to	to	PART
ftr-330	566	27	be	be	AUX
ftr-330	566	28	consolidated	consolidate	VERB
ftr-330	566	29	in	in	ADP
ftr-330	566	30	the	the	DET
ftr-330	566	31	earnings	earning	NOUN
ftr-330	566	32	and	and	CCONJ
ftr-330	566	33	profits	profit	NOUN
ftr-330	566	34	of	of	ADP
ftr-330	566	35	the	the	DET
ftr-330	566	36	common	common	ADJ
ftr-330	566	37	parent.106	parent.106	PRON
ftr-330	566	38	if	if	SCONJ
ftr-330	566	39	the	the	DET
ftr-330	566	40	common	common	ADJ
ftr-330	566	41	parent	parent	NOUN
ftr-330	566	42	,	,	PUNCT
ftr-330	566	43	or	or	CCONJ
ftr-330	566	44	any	any	DET
ftr-330	566	45	other	other	ADJ
ftr-330	566	46	member	member	NOUN
ftr-330	566	47	of	of	ADP
ftr-330	566	48	the	the	DET
ftr-330	566	49	group	group	NOUN
ftr-330	566	50	,	,	PUNCT
ftr-330	566	51	owns	own	VERB
ftr-330	566	52	less	less	ADJ
ftr-330	566	53	than	than	ADP
ftr-330	566	54	all	all	PRON
ftr-330	566	55	of	of	ADP
ftr-330	566	56	the	the	DET
ftr-330	566	57	common	common	ADJ
ftr-330	566	58	stock	stock	NOUN
ftr-330	566	59	of	of	ADP
ftr-330	566	60	a	a	DET
ftr-330	566	61	lower	low	ADJ
ftr-330	566	62	-	-	PUNCT
ftr-330	566	63	tier	tier	NOUN
ftr-330	566	64	member	member	NOUN
ftr-330	566	65	of	of	ADP
ftr-330	566	66	the	the	DET
ftr-330	566	67	group	group	NOUN
ftr-330	566	68	,	,	PUNCT
ftr-330	566	69	only	only	ADV
ftr-330	566	70	a	a	DET
ftr-330	566	71	proportional	proportional	ADJ
ftr-330	566	72	amount	amount	NOUN
ftr-330	566	73	of	of	ADP
ftr-330	566	74	the	the	DET
ftr-330	566	75	earnings	earning	NOUN
ftr-330	566	76	and	and	CCONJ
ftr-330	566	77	profits	profit	NOUN
ftr-330	566	78	is	be	AUX
ftr-330	566	79	tiered	tiere	VERB
ftr-330	566	80	-	-	PUNCT
ftr-330	566	81	up.107	up.107	NOUN
ftr-330	566	82	a	a	DET
ftr-330	566	83	separate	separate	ADJ
ftr-330	566	84	determination	determination	NOUN
ftr-330	566	85	of	of	ADP
ftr-330	566	86	the	the	DET
ftr-330	566	87	parent	parent	NOUN
ftr-330	566	88	’s	’s	PART
ftr-330	566	89	basis	basis	NOUN
ftr-330	566	90	in	in	ADP
ftr-330	566	91	the	the	DET
ftr-330	566	92	stock	stock	NOUN
ftr-330	566	93	of	of	ADP
ftr-330	566	94	a	a	DET
ftr-330	566	95	consolidated	consolidated	ADJ
ftr-330	566	96	subsidiary	subsidiary	NOUN
ftr-330	566	97	is	be	AUX
ftr-330	566	98	required	require	VERB
ftr-330	566	99	for	for	ADP
ftr-330	566	100	purposes	purpose	NOUN
ftr-330	566	101	of	of	ADP
ftr-330	566	102	determining	determine	VERB
ftr-330	566	103	the	the	DET
ftr-330	566	104	increase	increase	NOUN
ftr-330	566	105	or	or	CCONJ
ftr-330	566	106	decrease	decrease	NOUN
ftr-330	566	107	in	in	ADP
ftr-330	566	108	earnings	earning	NOUN
ftr-330	566	109	and	and	CCONJ
ftr-330	566	110	profits	profit	NOUN
ftr-330	566	111	resulting	result	VERB
ftr-330	566	112	from	from	ADP
ftr-330	566	113	the	the	DET
ftr-330	566	114	sale	sale	NOUN
ftr-330	566	115	of	of	ADP
ftr-330	566	116	the	the	DET
ftr-330	566	117	subsidiary	subsidiary	NOUN
ftr-330	566	118	’s	’s	PART
ftr-330	566	119	stock.108	stock.108	NOUN
ftr-330	566	120	gain	gain	VERB
ftr-330	566	121	or	or	CCONJ
ftr-330	566	122	loss	loss	NOUN
ftr-330	566	123	on	on	ADP
ftr-330	566	124	the	the	DET
ftr-330	566	125	disposition	disposition	NOUN
ftr-330	566	126	of	of	ADP
ftr-330	566	127	the	the	DET
ftr-330	566	128	stock	stock	NOUN
ftr-330	566	129	of	of	ADP
ftr-330	566	130	a	a	DET
ftr-330	566	131	member	member	NOUN
ftr-330	566	132	of	of	ADP
ftr-330	566	133	the	the	DET
ftr-330	566	134	consolidated	consolidated	ADJ
ftr-330	566	135	group	group	NOUN
ftr-330	566	136	is	be	AUX
ftr-330	566	137	determined	determine	VERB
ftr-330	566	138	from	from	ADP
ftr-330	566	139	the	the	DET
ftr-330	566	140	basis	basis	NOUN
ftr-330	566	141	of	of	ADP
ftr-330	566	142	the	the	DET
ftr-330	566	143	stock	stock	NOUN
ftr-330	566	144	as	as	SCONJ
ftr-330	566	145	adjusted	adjust	VERB
ftr-330	566	146	by	by	ADP
ftr-330	566	147	the	the	DET
ftr-330	566	148	investment	investment	NOUN
ftr-330	566	149	adjustment	adjustment	NOUN
ftr-330	566	150	rules	rule	NOUN
ftr-330	566	151	of	of	ADP
ftr-330	566	152	treasury	treasury	NOUN
ftr-330	566	153	regulation	regulation	NOUN
ftr-330	566	154	section	section	NOUN
ftr-330	566	155	1.1502–32	1.1502–32	PROPN
ftr-330	566	156	,	,	PUNCT
ftr-330	566	157	which	which	PRON
ftr-330	566	158	are	be	AUX
ftr-330	566	159	based	base	VERB
ftr-330	566	160	on	on	ADP
ftr-330	566	161	the	the	DET
ftr-330	566	162	subsidiary	subsidiary	NOUN
ftr-330	566	163	’s	’s	PART
ftr-330	566	164	contribution	contribution	NOUN
ftr-330	566	165	to	to	ADP
ftr-330	566	166	taxable	taxable	ADJ
ftr-330	566	167	income	income	NOUN
ftr-330	566	168	.	.	PUNCT
ftr-330	567	1	there	there	PRON
ftr-330	567	2	are	be	VERB
ftr-330	567	3	differences	difference	NOUN
ftr-330	567	4	in	in	ADP
ftr-330	567	5	the	the	DET
ftr-330	567	6	computation	computation	NOUN
ftr-330	567	7	of	of	ADP
ftr-330	567	8	earnings	earning	NOUN
ftr-330	567	9	and	and	CCONJ
ftr-330	567	10	profits	profit	NOUN
ftr-330	567	11	and	and	CCONJ
ftr-330	567	12	taxable	taxable	ADJ
ftr-330	567	13	income	income	NOUN
ftr-330	567	14	,	,	PUNCT
ftr-330	567	15	however	however	ADV
ftr-330	567	16	,	,	PUNCT
ftr-330	567	17	primarily	primarily	ADV
ftr-330	567	18	because	because	SCONJ
ftr-330	567	19	sections	section	NOUN
ftr-330	567	20	312(k	312(k	NOUN
ftr-330	567	21	)	)	PUNCT
ftr-330	567	22	and	and	CCONJ
ftr-330	567	23	(	(	PUNCT
ftr-330	567	24	n	n	CCONJ
ftr-330	567	25	)	)	PUNCT
ftr-330	567	26	require	require	VERB
ftr-330	567	27	adjustments	adjustment	NOUN
ftr-330	567	28	to	to	ADP
ftr-330	567	29	earnings	earning	NOUN
ftr-330	567	30	and	and	CCONJ
ftr-330	567	31	profits	profit	NOUN
ftr-330	567	32	for	for	ADP
ftr-330	567	33	a	a	DET
ftr-330	567	34	number	number	NOUN
ftr-330	567	35	of	of	ADP
ftr-330	567	36	items	item	NOUN
ftr-330	567	37	including	include	VERB
ftr-330	567	38	depreciation	depreciation	NOUN
ftr-330	567	39	,	,	PUNCT
ftr-330	567	40	inventory	inventory	NOUN
ftr-330	567	41	amounts	amount	NOUN
ftr-330	567	42	,	,	PUNCT
ftr-330	567	43	and	and	CCONJ
ftr-330	567	44	installment	installment	NOUN
ftr-330	567	45	sales	sale	NOUN
ftr-330	567	46	,	,	PUNCT
ftr-330	567	47	which	which	PRON
ftr-330	567	48	differ	differ	VERB
ftr-330	567	49	from	from	ADP
ftr-330	567	50	the	the	DET
ftr-330	567	51	amounts	amount	NOUN
ftr-330	567	52	taken	take	VERB
ftr-330	567	53	into	into	ADP
ftr-330	567	54	account	account	NOUN
ftr-330	567	55	in	in	ADP
ftr-330	567	56	computing	compute	VERB
ftr-330	567	57	taxable	taxable	ADJ
ftr-330	567	58	income	income	NOUN
ftr-330	567	59	or	or	CCONJ
ftr-330	567	60	loss	loss	NOUN
ftr-330	567	61	.	.	PUNCT
ftr-330	568	1	to	to	PART
ftr-330	568	2	account	account	VERB
ftr-330	568	3	for	for	ADP
ftr-330	568	4	these	these	DET
ftr-330	568	5	differences	difference	NOUN
ftr-330	568	6	in	in	ADP
ftr-330	568	7	determining	determine	VERB
ftr-330	568	8	the	the	DET
ftr-330	568	9	effect	effect	NOUN
ftr-330	568	10	on	on	ADP
ftr-330	568	11	the	the	DET
ftr-330	568	12	parent	parent	NOUN
ftr-330	568	13	’s	’s	PART
ftr-330	568	14	earnings	earning	NOUN
ftr-330	568	15	and	and	CCONJ
ftr-330	568	16	profits	profit	NOUN
ftr-330	568	17	of	of	ADP
ftr-330	568	18	the	the	DET
ftr-330	568	19	sale	sale	NOUN
ftr-330	568	20	of	of	ADP
ftr-330	568	21	stock	stock	NOUN
ftr-330	568	22	in	in	ADP
ftr-330	568	23	a	a	DET
ftr-330	568	24	subsidiary	subsidiary	NOUN
ftr-330	568	25	,	,	PUNCT
ftr-330	568	26	the	the	DET
ftr-330	568	27	basis	basis	NOUN
ftr-330	568	28	of	of	ADP
ftr-330	568	29	a	a	DET
ftr-330	568	30	subsidiary	subsidiary	NOUN
ftr-330	568	31	’s	’s	PART
ftr-330	568	32	stock	stock	NOUN
ftr-330	568	33	must	must	AUX
ftr-330	568	34	be	be	AUX
ftr-330	568	35	determined	determine	VERB
ftr-330	568	36	using	use	VERB
ftr-330	568	37	earnings	earning	NOUN
ftr-330	568	38	and	and	CCONJ
ftr-330	568	39	profits	profit	NOUN
ftr-330	568	40	as	as	ADP
ftr-330	568	41	the	the	DET
ftr-330	568	42	basis	basis	NOUN
ftr-330	568	43	for	for	ADP
ftr-330	568	44	investment	investment	NOUN
ftr-330	568	45	adjustments	adjustment	NOUN
ftr-330	568	46	.	.	PUNCT
ftr-330	569	1	thus	thus	ADV
ftr-330	569	2	,	,	PUNCT
ftr-330	569	3	the	the	DET
ftr-330	569	4	basis	basis	NOUN
ftr-330	569	5	of	of	ADP
ftr-330	569	6	stock	stock	NOUN
ftr-330	569	7	of	of	ADP
ftr-330	569	8	a	a	DET
ftr-330	569	9	subsidiary	subsidiary	NOUN
ftr-330	569	10	for	for	ADP
ftr-330	569	11	earnings	earning	NOUN
ftr-330	569	12	and	and	CCONJ
ftr-330	569	13	profits	profit	NOUN
ftr-330	569	14	purposes	purpose	NOUN
ftr-330	569	15	is	be	AUX
ftr-330	569	16	increased	increase	VERB
ftr-330	569	17	by	by	ADP
ftr-330	569	18	the	the	DET
ftr-330	569	19	earnings	earning	NOUN
ftr-330	569	20	and	and	CCONJ
ftr-330	569	21	profits	profit	NOUN
ftr-330	569	22	of	of	ADP
ftr-330	569	23	the	the	DET
ftr-330	569	24	subsidiary	subsidiary	NOUN
ftr-330	569	25	and	and	CCONJ
ftr-330	569	26	decreased	decrease	VERB
ftr-330	569	27	by	by	ADP
ftr-330	569	28	a	a	DET
ftr-330	569	29	deficit	deficit	NOUN
ftr-330	569	30	in	in	ADP
ftr-330	569	31	earnings	earning	NOUN
ftr-330	569	32	and	and	CCONJ
ftr-330	569	33	profits.109	profits.109	VERB
ftr-330	569	34	under	under	ADP
ftr-330	569	35	section	section	NOUN
ftr-330	569	36	1552	1552	NUM
ftr-330	569	37	,	,	PUNCT
ftr-330	569	38	tax	tax	NOUN
ftr-330	569	39	liability	liability	NOUN
ftr-330	569	40	of	of	ADP
ftr-330	569	41	the	the	DET
ftr-330	569	42	consolidated	consolidated	ADJ
ftr-330	569	43	group	group	NOUN
ftr-330	569	44	is	be	AUX
ftr-330	569	45	apportioned	apportion	VERB
ftr-330	569	46	against	against	ADP
ftr-330	569	47	the	the	DET
ftr-330	569	48	earnings	earning	NOUN
ftr-330	569	49	and	and	CCONJ
ftr-330	569	50	profits	profit	NOUN
ftr-330	569	51	of	of	ADP
ftr-330	569	52	each	each	PRON
ftr-330	569	53	of	of	ADP
ftr-330	569	54	the	the	DET
ftr-330	569	55	members	member	NOUN
ftr-330	569	56	in	in	ADP
ftr-330	569	57	proportion	proportion	NOUN
ftr-330	569	58	to	to	ADP
ftr-330	569	59	the	the	DET
ftr-330	569	60	member	member	NOUN
ftr-330	569	61	’s	’s	PART
ftr-330	569	62	contribution	contribution	NOUN
ftr-330	569	63	to	to	ADP
ftr-330	569	64	consolidated	consolidated	ADJ
ftr-330	569	65	taxable	taxable	ADJ
ftr-330	569	66	income	income	NOUN
ftr-330	569	67	,	,	PUNCT
ftr-330	569	68	as	as	ADP
ftr-330	569	69	a	a	DET
ftr-330	569	70	percentage	percentage	NOUN
ftr-330	569	71	of	of	ADP
ftr-330	569	72	the	the	DET
ftr-330	569	73	total	total	ADJ
ftr-330	569	74	tax	tax	NOUN
ftr-330	569	75	attributable	attributable	ADJ
ftr-330	569	76	to	to	ADP
ftr-330	569	77	the	the	DET
ftr-330	569	78	member	member	NOUN
ftr-330	569	79	if	if	SCONJ
ftr-330	569	80	the	the	DET
ftr-330	569	81	tax	tax	NOUN
ftr-330	569	82	of	of	ADP
ftr-330	569	83	each	each	DET
ftr-330	569	84	member	member	NOUN
ftr-330	569	85	were	be	AUX
ftr-330	569	86	computed	compute	VERB
ftr-330	569	87	on	on	ADP
ftr-330	569	88	a	a	DET
ftr-330	569	89	separate	separate	ADJ
ftr-330	569	90	return	return	NOUN
ftr-330	569	91	basis	basis	NOUN
ftr-330	569	92	,	,	PUNCT
ftr-330	569	93	on	on	ADP
ftr-330	569	94	the	the	DET
ftr-330	569	95	basis	basis	NOUN
ftr-330	569	96	of	of	ADP
ftr-330	569	97	each	each	DET
ftr-330	569	98	member	member	NOUN
ftr-330	569	99	’s	’s	PART
ftr-330	569	100	actual	actual	ADJ
ftr-330	569	101	contribution	contribution	NOUN
ftr-330	569	102	to	to	ADP
ftr-330	569	103	consolidated	consolidated	ADJ
ftr-330	569	104	taxable	taxable	ADJ
ftr-330	569	105	income	income	NOUN
ftr-330	569	106	including	include	VERB
ftr-330	569	107	reductions	reduction	NOUN
ftr-330	569	108	in	in	ADP
ftr-330	569	109	income	income	NOUN
ftr-330	569	110	,	,	PUNCT
ftr-330	569	111	or	or	CCONJ
ftr-330	569	112	by	by	ADP
ftr-330	569	113	any	any	DET
ftr-330	569	114	other	other	ADJ
ftr-330	569	115	method	method	NOUN
ftr-330	569	116	selected	select	VERB
ftr-330	569	117	by	by	ADP
ftr-330	569	118	the	the	DET
ftr-330	569	119	group	group	NOUN
ftr-330	569	120	and	and	CCONJ
ftr-330	569	121	approved	approve	VERB
ftr-330	569	122	by	by	ADP
ftr-330	569	123	the	the	DET
ftr-330	569	124	commissioner	commissioner	NOUN
ftr-330	569	125	.	.	PUNCT
ftr-330	570	1	section	section	NOUN
ftr-330	570	2	1552	1552	NUM
ftr-330	570	3	does	do	AUX
ftr-330	570	4	not	not	PART
ftr-330	570	5	provide	provide	VERB
ftr-330	570	6	a	a	DET
ftr-330	570	7	device	device	NOUN
ftr-330	570	8	to	to	PART
ftr-330	570	9	account	account	VERB
ftr-330	570	10	for	for	ADP
ftr-330	570	11	the	the	DET
ftr-330	570	12	effect	effect	NOUN
ftr-330	570	13	of	of	ADP
ftr-330	570	14	the	the	DET
ftr-330	570	15	absorption	absorption	NOUN
ftr-330	570	16	of	of	ADP
ftr-330	570	17	one	one	NUM
ftr-330	570	18	member	member	NOUN
ftr-330	570	19	’s	’s	PART
ftr-330	570	20	tax	tax	NOUN
ftr-330	570	21	attributes	attribute	NOUN
ftr-330	570	22	by	by	ADP
ftr-330	570	23	another	another	DET
ftr-330	570	24	member	member	NOUN
ftr-330	570	25	,	,	PUNCT
ftr-330	570	26	e.g.	e.g.	ADV
ftr-330	570	27	,	,	PUNCT
ftr-330	570	28	one	one	NUM
ftr-330	570	29	member	member	NOUN
ftr-330	570	30	’s	’s	PART
ftr-330	570	31	income	income	NOUN
ftr-330	570	32	may	may	AUX
ftr-330	570	33	be	be	AUX
ftr-330	570	34	absorbed	absorb	VERB
ftr-330	570	35	by	by	ADP
ftr-330	570	36	another	another	DET
ftr-330	570	37	member	member	NOUN
ftr-330	570	38	’s	’s	PART
ftr-330	570	39	losses	loss	NOUN
ftr-330	570	40	.	.	PUNCT
ftr-330	571	1	the	the	DET
ftr-330	571	2	regulations	regulation	NOUN
ftr-330	571	3	provide	provide	VERB
ftr-330	571	4	rules	rule	NOUN
ftr-330	571	5	to	to	PART
ftr-330	571	6	account	account	VERB
ftr-330	571	7	for	for	ADP
ftr-330	571	8	the	the	DET
ftr-330	571	9	impact	impact	NOUN
ftr-330	571	10	of	of	ADP
ftr-330	571	11	106	106	NUM
ftr-330	571	12	.	.	PUNCT
ftr-330	572	1	reg	reg	NOUN
ftr-330	572	2	.	.	PUNCT
ftr-330	573	1	§	§	PROPN
ftr-330	573	2	1.1502–33(a	1.1502–33(a	NUM
ftr-330	573	3	)	)	PUNCT
ftr-330	573	4	and	and	CCONJ
ftr-330	573	5	(	(	PUNCT
ftr-330	573	6	b	b	NOUN
ftr-330	573	7	)	)	PUNCT
ftr-330	573	8	.	.	PUNCT
ftr-330	574	1	107	107	NUM
ftr-330	574	2	.	.	PUNCT
ftr-330	575	1	reg	reg	NOUN
ftr-330	575	2	.	.	PUNCT
ftr-330	576	1	§	§	PROPN
ftr-330	576	2	1.1502–33(b)(3)(ii	1.1502–33(b)(3)(ii	NUM
ftr-330	576	3	)	)	PUNCT
ftr-330	576	4	,	,	PUNCT
ftr-330	576	5	ex	ex	NOUN
ftr-330	576	6	.	.	NOUN
ftr-330	576	7	3	3	NUM
ftr-330	576	8	.	.	NOUN
ftr-330	576	9	108	108	NUM
ftr-330	576	10	.	.	PUNCT
ftr-330	577	1	reg	reg	NOUN
ftr-330	577	2	.	.	PUNCT
ftr-330	578	1	§	§	PROPN
ftr-330	578	2	1.1502–33(c	1.1502–33(c	NUM
ftr-330	578	3	)	)	PUNCT
ftr-330	578	4	.	.	PUNCT
ftr-330	579	1	109	109	NUM
ftr-330	579	2	.	.	PUNCT
ftr-330	579	3	reg	reg	PROPN
ftr-330	579	4	.	.	PUNCT
ftr-330	580	1	§	§	PROPN
ftr-330	580	2	1.1502–33(c)(1	1.1502–33(c)(1	NUM
ftr-330	580	3	)	)	PUNCT
ftr-330	580	4	.	.	PUNCT
ftr-330	581	1	154	154	NUM
ftr-330	581	2	florida	florida	PROPN
ftr-330	581	3	tax	tax	NOUN
ftr-330	581	4	review	review	NOUN
ftr-330	581	5	[	[	X
ftr-330	581	6	vol	vol	NOUN
ftr-330	581	7	.	.	PUNCT
ftr-330	581	8	12:3	12:3	NUM
ftr-330	581	9	the	the	DET
ftr-330	581	10	absorption	absorption	NOUN
ftr-330	581	11	of	of	ADP
ftr-330	581	12	tax	tax	NOUN
ftr-330	581	13	attributes	attribute	NOUN
ftr-330	581	14	which	which	PRON
ftr-330	581	15	are	be	AUX
ftr-330	581	16	intended	intend	VERB
ftr-330	581	17	to	to	PART
ftr-330	581	18	reflect	reflect	VERB
ftr-330	581	19	in	in	ADP
ftr-330	581	20	earnings	earning	NOUN
ftr-330	581	21	and	and	CCONJ
ftr-330	581	22	profits	profit	VERB
ftr-330	581	23	the	the	DET
ftr-330	581	24	reduction	reduction	NOUN
ftr-330	581	25	of	of	ADP
ftr-330	581	26	one	one	NUM
ftr-330	581	27	member	member	NOUN
ftr-330	581	28	’s	’s	PART
ftr-330	581	29	tax	tax	NOUN
ftr-330	581	30	liability	liability	NOUN
ftr-330	581	31	by	by	ADP
ftr-330	581	32	attributes	attribute	NOUN
ftr-330	581	33	of	of	ADP
ftr-330	581	34	another	another	PRON
ftr-330	581	35	that	that	PRON
ftr-330	581	36	would	would	AUX
ftr-330	581	37	have	have	AUX
ftr-330	581	38	reduced	reduce	VERB
ftr-330	581	39	the	the	DET
ftr-330	581	40	latter	latter	ADJ
ftr-330	581	41	member	member	NOUN
ftr-330	581	42	’s	’s	PART
ftr-330	581	43	earnings	earning	NOUN
ftr-330	581	44	and	and	CCONJ
ftr-330	581	45	profits	profit	NOUN
ftr-330	581	46	in	in	ADP
ftr-330	581	47	a	a	DET
ftr-330	581	48	different	different	ADJ
ftr-330	581	49	year	year	NOUN
ftr-330	581	50	if	if	SCONJ
ftr-330	581	51	not	not	PART
ftr-330	581	52	used	use	VERB
ftr-330	581	53	by	by	ADP
ftr-330	581	54	the	the	DET
ftr-330	581	55	first	first	ADJ
ftr-330	581	56	member.110	member.110	PROPN
ftr-330	581	57	finally	finally	ADV
ftr-330	581	58	,	,	PUNCT
ftr-330	581	59	to	to	ADP
ftr-330	581	60	the	the	DET
ftr-330	581	61	extent	extent	NOUN
ftr-330	581	62	a	a	DET
ftr-330	581	63	lower	low	ADJ
ftr-330	581	64	-	-	PUNCT
ftr-330	581	65	tier	tier	NOUN
ftr-330	581	66	member	member	NOUN
ftr-330	581	67	of	of	ADP
ftr-330	581	68	the	the	DET
ftr-330	581	69	group	group	NOUN
ftr-330	581	70	’s	’s	PART
ftr-330	581	71	earnings	earning	NOUN
ftr-330	581	72	and	and	CCONJ
ftr-330	581	73	profits	profit	NOUN
ftr-330	581	74	were	be	AUX
ftr-330	581	75	taken	take	VERB
ftr-330	581	76	into	into	ADP
ftr-330	581	77	account	account	NOUN
ftr-330	581	78	by	by	ADP
ftr-330	581	79	a	a	DET
ftr-330	581	80	higher	high	ADJ
ftr-330	581	81	-	-	PUNCT
ftr-330	581	82	tier	tier	NOUN
ftr-330	581	83	member	member	NOUN
ftr-330	581	84	of	of	ADP
ftr-330	581	85	the	the	DET
ftr-330	581	86	group	group	NOUN
ftr-330	581	87	under	under	ADP
ftr-330	581	88	the	the	DET
ftr-330	581	89	tiering	tiere	VERB
ftr-330	581	90	-	-	PUNCT
ftr-330	581	91	up	up	ADP
ftr-330	581	92	rules	rule	NOUN
ftr-330	581	93	,	,	PUNCT
ftr-330	581	94	upon	upon	SCONJ
ftr-330	581	95	deconsolidation	deconsolidation	NOUN
ftr-330	581	96	the	the	DET
ftr-330	581	97	lower	low	ADJ
ftr-330	581	98	-	-	PUNCT
ftr-330	581	99	tier	tier	NOUN
ftr-330	581	100	member	member	NOUN
ftr-330	581	101	’s	’s	PART
ftr-330	581	102	earnings	earning	NOUN
ftr-330	581	103	and	and	CCONJ
ftr-330	581	104	profits	profit	NOUN
ftr-330	581	105	are	be	AUX
ftr-330	581	106	eliminated.111	eliminated.111	ADJ
ftr-330	581	107	ix	ix	ADJ
ftr-330	581	108	.	.	PUNCT
ftr-330	582	1	intercompany	intercompany	NOUN
ftr-330	582	2	transactions	transaction	NOUN
ftr-330	582	3	a.	a.	NOUN
ftr-330	582	4	transactions	transaction	NOUN
ftr-330	582	5	between	between	ADP
ftr-330	582	6	members	member	NOUN
ftr-330	582	7	of	of	ADP
ftr-330	582	8	a	a	DET
ftr-330	582	9	consolidated	consolidated	ADJ
ftr-330	582	10	group	group	NOUN
ftr-330	582	11	1	1	NUM
ftr-330	582	12	.	.	PUNCT
ftr-330	583	1	generally	generally	ADV
ftr-330	583	2	treasury	treasury	NOUN
ftr-330	583	3	regulation	regulation	NOUN
ftr-330	583	4	section	section	NOUN
ftr-330	583	5	1.1502–13	1.1502–13	NUM
ftr-330	583	6	provides	provide	VERB
ftr-330	583	7	rules	rule	NOUN
ftr-330	583	8	for	for	ADP
ftr-330	583	9	transactions	transaction	NOUN
ftr-330	583	10	between	between	ADP
ftr-330	583	11	members	member	NOUN
ftr-330	583	12	of	of	ADP
ftr-330	583	13	the	the	DET
ftr-330	583	14	same	same	ADJ
ftr-330	583	15	consolidated	consolidated	ADJ
ftr-330	583	16	group	group	NOUN
ftr-330	583	17	involving	involve	VERB
ftr-330	583	18	the	the	DET
ftr-330	583	19	sale	sale	NOUN
ftr-330	583	20	or	or	CCONJ
ftr-330	583	21	exchange	exchange	NOUN
ftr-330	583	22	of	of	ADP
ftr-330	583	23	property	property	NOUN
ftr-330	583	24	,	,	PUNCT
ftr-330	583	25	the	the	DET
ftr-330	583	26	provision	provision	NOUN
ftr-330	583	27	of	of	ADP
ftr-330	583	28	services	service	NOUN
ftr-330	583	29	by	by	ADP
ftr-330	583	30	one	one	NUM
ftr-330	583	31	member	member	NOUN
ftr-330	583	32	of	of	ADP
ftr-330	583	33	the	the	DET
ftr-330	583	34	group	group	NOUN
ftr-330	583	35	to	to	ADP
ftr-330	583	36	another	another	PRON
ftr-330	583	37	,	,	PUNCT
ftr-330	583	38	the	the	DET
ftr-330	583	39	licensing	licensing	NOUN
ftr-330	583	40	or	or	CCONJ
ftr-330	583	41	rental	rental	NOUN
ftr-330	583	42	of	of	ADP
ftr-330	583	43	tangible	tangible	ADJ
ftr-330	583	44	and	and	CCONJ
ftr-330	583	45	intangible	intangible	ADJ
ftr-330	583	46	property	property	NOUN
ftr-330	583	47	,	,	PUNCT
ftr-330	583	48	and	and	CCONJ
ftr-330	583	49	the	the	DET
ftr-330	583	50	lending	lending	NOUN
ftr-330	583	51	of	of	ADP
ftr-330	583	52	money	money	NOUN
ftr-330	583	53	.	.	PUNCT
ftr-330	584	1	the	the	DET
ftr-330	584	2	regulation	regulation	NOUN
ftr-330	584	3	also	also	ADV
ftr-330	584	4	controls	control	VERB
ftr-330	584	5	the	the	DET
ftr-330	584	6	treatment	treatment	NOUN
ftr-330	584	7	of	of	ADP
ftr-330	584	8	intercompany	intercompany	NOUN
ftr-330	584	9	distributions	distribution	NOUN
ftr-330	584	10	with	with	ADP
ftr-330	584	11	respect	respect	NOUN
ftr-330	584	12	to	to	ADP
ftr-330	584	13	the	the	DET
ftr-330	584	14	stock	stock	NOUN
ftr-330	584	15	of	of	ADP
ftr-330	584	16	a	a	DET
ftr-330	584	17	member.112	member.112	PROPN
ftr-330	584	18	the	the	DET
ftr-330	584	19	intercompany	intercompany	NOUN
ftr-330	584	20	transaction	transaction	NOUN
ftr-330	584	21	rules	rule	NOUN
ftr-330	584	22	are	be	AUX
ftr-330	584	23	treated	treat	VERB
ftr-330	584	24	as	as	ADP
ftr-330	584	25	a	a	DET
ftr-330	584	26	method	method	NOUN
ftr-330	584	27	of	of	ADP
ftr-330	584	28	accounting	accounting	NOUN
ftr-330	584	29	that	that	PRON
ftr-330	584	30	is	be	AUX
ftr-330	584	31	applied	apply	VERB
ftr-330	584	32	in	in	ADP
ftr-330	584	33	addition	addition	NOUN
ftr-330	584	34	to	to	ADP
ftr-330	584	35	the	the	DET
ftr-330	584	36	member	member	NOUN
ftr-330	584	37	’s	’s	PART
ftr-330	584	38	other	other	ADJ
ftr-330	584	39	methods	method	NOUN
ftr-330	584	40	of	of	ADP
ftr-330	584	41	accounting.113	accounting.113	NOUN
ftr-330	584	42	the	the	DET
ftr-330	584	43	timing	timing	NOUN
ftr-330	584	44	rules	rule	NOUN
ftr-330	584	45	of	of	ADP
ftr-330	584	46	the	the	DET
ftr-330	584	47	intercompany	intercompany	NOUN
ftr-330	584	48	transaction	transaction	NOUN
ftr-330	584	49	regulations	regulation	NOUN
ftr-330	584	50	control	control	VERB
ftr-330	584	51	over	over	ADP
ftr-330	584	52	other	other	ADJ
ftr-330	584	53	accounting	accounting	NOUN
ftr-330	584	54	methods	method	NOUN
ftr-330	584	55	,	,	PUNCT
ftr-330	584	56	however.114	however.114	VERB
ftr-330	584	57	the	the	DET
ftr-330	584	58	regulations	regulation	NOUN
ftr-330	584	59	treat	treat	VERB
ftr-330	584	60	members	member	NOUN
ftr-330	584	61	engaging	engage	VERB
ftr-330	584	62	in	in	ADP
ftr-330	584	63	an	an	DET
ftr-330	584	64	intercompany	intercompany	NOUN
ftr-330	584	65	transaction	transaction	NOUN
ftr-330	584	66	in	in	ADP
ftr-330	584	67	some	some	DET
ftr-330	584	68	ways	way	NOUN
ftr-330	584	69	like	like	ADP
ftr-330	584	70	a	a	DET
ftr-330	584	71	separate	separate	ADJ
ftr-330	584	72	corporations	corporation	NOUN
ftr-330	584	73	and	and	CCONJ
ftr-330	584	74	in	in	ADP
ftr-330	584	75	other	other	ADJ
ftr-330	584	76	ways	way	NOUN
ftr-330	584	77	like	like	ADP
ftr-330	584	78	divisions	division	NOUN
ftr-330	584	79	of	of	ADP
ftr-330	584	80	a	a	DET
ftr-330	584	81	single	single	ADJ
ftr-330	584	82	corporation	corporation	NOUN
ftr-330	584	83	.	.	PUNCT
ftr-330	585	1	in	in	ADP
ftr-330	585	2	determining	determine	VERB
ftr-330	585	3	the	the	DET
ftr-330	585	4	amount	amount	NOUN
ftr-330	585	5	and	and	CCONJ
ftr-330	585	6	location	location	NOUN
ftr-330	585	7	of	of	ADP
ftr-330	585	8	items	item	NOUN
ftr-330	585	9	related	relate	VERB
ftr-330	585	10	to	to	ADP
ftr-330	585	11	those	those	DET
ftr-330	585	12	transactions	transaction	NOUN
ftr-330	585	13	,	,	PUNCT
ftr-330	585	14	the	the	DET
ftr-330	585	15	members	member	NOUN
ftr-330	585	16	are	be	AUX
ftr-330	585	17	treated	treat	VERB
ftr-330	585	18	as	as	ADP
ftr-330	585	19	separate	separate	ADJ
ftr-330	585	20	corporations	corporation	NOUN
ftr-330	585	21	.	.	PUNCT
ftr-330	586	1	for	for	ADP
ftr-330	586	2	example	example	NOUN
ftr-330	586	3	,	,	PUNCT
ftr-330	586	4	if	if	SCONJ
ftr-330	586	5	one	one	NUM
ftr-330	586	6	member	member	NOUN
ftr-330	586	7	sells	sell	VERB
ftr-330	586	8	an	an	DET
ftr-330	586	9	asset	asset	NOUN
ftr-330	586	10	to	to	ADP
ftr-330	586	11	another	another	DET
ftr-330	586	12	member	member	NOUN
ftr-330	586	13	,	,	PUNCT
ftr-330	586	14	the	the	DET
ftr-330	586	15	seller	seller	NOUN
ftr-330	586	16	recognizes	recognize	VERB
ftr-330	586	17	gain	gain	NOUN
ftr-330	586	18	or	or	CCONJ
ftr-330	586	19	loss	loss	NOUN
ftr-330	586	20	under	under	ADP
ftr-330	586	21	section	section	NOUN
ftr-330	586	22	1001	1001	NUM
ftr-330	586	23	,	,	PUNCT
ftr-330	586	24	while	while	SCONJ
ftr-330	586	25	the	the	DET
ftr-330	586	26	buyer	buyer	NOUN
ftr-330	586	27	takes	take	VERB
ftr-330	586	28	a	a	DET
ftr-330	586	29	cost	cost	NOUN
ftr-330	586	30	basis	basis	NOUN
ftr-330	586	31	in	in	ADP
ftr-330	586	32	the	the	DET
ftr-330	586	33	asset	asset	NOUN
ftr-330	586	34	under	under	ADP
ftr-330	586	35	section	section	NOUN
ftr-330	586	36	1012	1012	NUM
ftr-330	586	37	.	.	PUNCT
ftr-330	587	1	however	however	ADV
ftr-330	587	2	,	,	PUNCT
ftr-330	587	3	to	to	PART
ftr-330	587	4	determine	determine	VERB
ftr-330	587	5	the	the	DET
ftr-330	587	6	timing	timing	NOUN
ftr-330	587	7	,	,	PUNCT
ftr-330	587	8	character	character	NOUN
ftr-330	587	9	,	,	PUNCT
ftr-330	587	10	and	and	CCONJ
ftr-330	587	11	other	other	ADJ
ftr-330	587	12	attributes	attribute	NOUN
ftr-330	587	13	of	of	ADP
ftr-330	587	14	the	the	DET
ftr-330	587	15	transaction	transaction	NOUN
ftr-330	587	16	,	,	PUNCT
ftr-330	587	17	the	the	DET
ftr-330	587	18	members	member	NOUN
ftr-330	587	19	are	be	AUX
ftr-330	587	20	treated	treat	VERB
ftr-330	587	21	as	as	ADP
ftr-330	587	22	divisions	division	NOUN
ftr-330	587	23	of	of	ADP
ftr-330	587	24	a	a	DET
ftr-330	587	25	single	single	ADJ
ftr-330	587	26	corporation	corporation	NOUN
ftr-330	587	27	.	.	PUNCT
ftr-330	588	1	thus	thus	ADV
ftr-330	588	2	,	,	PUNCT
ftr-330	588	3	in	in	ADP
ftr-330	588	4	the	the	DET
ftr-330	588	5	example	example	NOUN
ftr-330	588	6	above	above	ADV
ftr-330	588	7	,	,	PUNCT
ftr-330	588	8	the	the	DET
ftr-330	588	9	seller	seller	NOUN
ftr-330	588	10	does	do	AUX
ftr-330	588	11	not	not	PART
ftr-330	588	12	take	take	VERB
ftr-330	588	13	its	its	PRON
ftr-330	588	14	gain	gain	NOUN
ftr-330	588	15	or	or	CCONJ
ftr-330	588	16	loss	loss	NOUN
ftr-330	588	17	on	on	ADP
ftr-330	588	18	asset	asset	NOUN
ftr-330	588	19	sale	sale	NOUN
ftr-330	588	20	into	into	ADP
ftr-330	588	21	account	account	NOUN
ftr-330	588	22	until	until	SCONJ
ftr-330	588	23	the	the	DET
ftr-330	588	24	buyer	buyer	NOUN
ftr-330	588	25	takes	take	VERB
ftr-330	588	26	its	its	PRON
ftr-330	588	27	basis	basis	NOUN
ftr-330	588	28	into	into	ADP
ftr-330	588	29	account	account	NOUN
ftr-330	588	30	,	,	PUNCT
ftr-330	588	31	and	and	CCONJ
ftr-330	588	32	the	the	DET
ftr-330	588	33	character	character	NOUN
ftr-330	588	34	of	of	ADP
ftr-330	588	35	the	the	DET
ftr-330	588	36	seller	seller	NOUN
ftr-330	588	37	’s	’s	PART
ftr-330	588	38	gain	gain	NOUN
ftr-330	588	39	or	or	CCONJ
ftr-330	588	40	loss	loss	NOUN
ftr-330	588	41	may	may	AUX
ftr-330	588	42	depend	depend	VERB
ftr-330	588	43	110	110	NUM
ftr-330	588	44	.	.	PUNCT
ftr-330	589	1	reg	reg	NOUN
ftr-330	589	2	.	.	PUNCT
ftr-330	590	1	§	§	NOUN
ftr-330	590	2	1.1502–33(d	1.1502–33(d	NUM
ftr-330	590	3	)	)	PUNCT
ftr-330	590	4	.	.	PUNCT
ftr-330	591	1	111	111	NUM
ftr-330	591	2	.	.	PUNCT
ftr-330	592	1	reg	reg	NOUN
ftr-330	592	2	.	.	PUNCT
ftr-330	593	1	§	§	PROPN
ftr-330	593	2	1.1502–33(e	1.1502–33(e	NUM
ftr-330	593	3	)	)	PUNCT
ftr-330	593	4	.	.	PUNCT
ftr-330	594	1	112	112	NUM
ftr-330	594	2	.	.	PUNCT
ftr-330	595	1	reg	reg	NOUN
ftr-330	595	2	.	.	PUNCT
ftr-330	596	1	§	§	PROPN
ftr-330	596	2	1.1502–13(f	1.1502–13(f	NUM
ftr-330	596	3	)	)	PUNCT
ftr-330	596	4	.	.	PUNCT
ftr-330	597	1	113	113	NUM
ftr-330	597	2	.	.	PUNCT
ftr-330	597	3	reg	reg	NOUN
ftr-330	597	4	.	.	PUNCT
ftr-330	598	1	§	§	PROPN
ftr-330	598	2	1.1502–13(a)(3	1.1502–13(a)(3	NUM
ftr-330	598	3	)	)	PUNCT
ftr-330	598	4	.	.	PUNCT
ftr-330	599	1	114	114	NUM
ftr-330	599	2	.	.	PUNCT
ftr-330	599	3	see	see	VERB
ftr-330	599	4	also	also	ADV
ftr-330	599	5	reg	reg	VERB
ftr-330	599	6	.	.	PUNCT
ftr-330	600	1	§	§	PROPN
ftr-330	600	2	1.446–1(c)(2)(iii	1.446–1(c)(2)(iii	NUM
ftr-330	600	3	)	)	PUNCT
ftr-330	600	4	,	,	PUNCT
ftr-330	600	5	which	which	PRON
ftr-330	600	6	provides	provide	VERB
ftr-330	600	7	that	that	SCONJ
ftr-330	600	8	the	the	DET
ftr-330	600	9	consolidated	consolidated	ADJ
ftr-330	600	10	return	return	NOUN
ftr-330	600	11	rules	rule	NOUN
ftr-330	600	12	are	be	AUX
ftr-330	600	13	a	a	DET
ftr-330	600	14	method	method	NOUN
ftr-330	600	15	of	of	ADP
ftr-330	600	16	accounting	account	VERB
ftr-330	600	17	under	under	ADP
ftr-330	600	18	section	section	NOUN
ftr-330	600	19	446(e	446(e	NUM
ftr-330	600	20	)	)	PUNCT
ftr-330	600	21	.	.	PUNCT
ftr-330	601	1	2012	2012	NUM
ftr-330	601	2	]	]	PUNCT
ftr-330	601	3	understanding	understand	VERB
ftr-330	601	4	consolidated	consolidated	ADJ
ftr-330	601	5	returns	return	NOUN
ftr-330	601	6	155	155	NUM
ftr-330	601	7	on	on	ADP
ftr-330	601	8	the	the	DET
ftr-330	601	9	buyer	buyer	NOUN
ftr-330	601	10	’s	’s	PART
ftr-330	601	11	and	and	CCONJ
ftr-330	601	12	seller	seller	NOUN
ftr-330	601	13	’s	’s	PART
ftr-330	601	14	collective	collective	ADJ
ftr-330	601	15	activity	activity	NOUN
ftr-330	601	16	.	.	PUNCT
ftr-330	602	1	the	the	DET
ftr-330	602	2	regulations	regulation	NOUN
ftr-330	602	3	accomplish	accomplish	VERB
ftr-330	602	4	these	these	DET
ftr-330	602	5	results	result	NOUN
ftr-330	602	6	with	with	ADP
ftr-330	602	7	two	two	NUM
ftr-330	602	8	rules	rule	NOUN
ftr-330	602	9	,	,	PUNCT
ftr-330	602	10	the	the	DET
ftr-330	602	11	matching	matching	NOUN
ftr-330	602	12	rule	rule	NOUN
ftr-330	602	13	and	and	CCONJ
ftr-330	602	14	the	the	DET
ftr-330	602	15	acceleration	acceleration	NOUN
ftr-330	602	16	rule	rule	NOUN
ftr-330	602	17	.	.	PUNCT
ftr-330	603	1	2	2	X
ftr-330	603	2	.	.	X
ftr-330	603	3	matching	match	VERB
ftr-330	603	4	intercompany	intercompany	NOUN
ftr-330	603	5	items	item	NOUN
ftr-330	603	6	related	relate	VERB
ftr-330	603	7	to	to	ADP
ftr-330	603	8	deferred	defer	VERB
ftr-330	603	9	gains	gain	NOUN
ftr-330	603	10	and	and	CCONJ
ftr-330	603	11	losses	loss	NOUN
ftr-330	603	12	gain	gain	VERB
ftr-330	603	13	or	or	CCONJ
ftr-330	603	14	loss	loss	NOUN
ftr-330	603	15	recognized	recognize	VERB
ftr-330	603	16	by	by	ADP
ftr-330	603	17	the	the	DET
ftr-330	603	18	selling	selling	NOUN
ftr-330	603	19	member	member	NOUN
ftr-330	603	20	in	in	ADP
ftr-330	603	21	an	an	DET
ftr-330	603	22	intercompany	intercompany	NOUN
ftr-330	603	23	transaction	transaction	NOUN
ftr-330	603	24	is	be	AUX
ftr-330	603	25	accounted	account	VERB
ftr-330	603	26	for	for	ADP
ftr-330	603	27	by	by	ADP
ftr-330	603	28	the	the	DET
ftr-330	603	29	selling	sell	VERB
ftr-330	603	30	member	member	NOUN
ftr-330	603	31	under	under	ADP
ftr-330	603	32	its	its	PRON
ftr-330	603	33	method	method	NOUN
ftr-330	603	34	of	of	ADP
ftr-330	603	35	accounting	accounting	NOUN
ftr-330	603	36	,	,	PUNCT
ftr-330	603	37	but	but	CCONJ
ftr-330	603	38	is	be	AUX
ftr-330	603	39	not	not	PART
ftr-330	603	40	accounted	account	VERB
ftr-330	603	41	for	for	ADP
ftr-330	603	42	in	in	ADP
ftr-330	603	43	consolidated	consolidated	ADJ
ftr-330	603	44	taxable	taxable	ADJ
ftr-330	603	45	income	income	NOUN
ftr-330	603	46	until	until	SCONJ
ftr-330	603	47	the	the	DET
ftr-330	603	48	“	"	PUNCT
ftr-330	603	49	corresponding	corresponding	ADJ
ftr-330	603	50	item	item	NOUN
ftr-330	603	51	”	"	PUNCT
ftr-330	603	52	resulting	result	VERB
ftr-330	603	53	from	from	ADP
ftr-330	603	54	the	the	DET
ftr-330	603	55	transaction	transaction	NOUN
ftr-330	603	56	is	be	AUX
ftr-330	603	57	taken	take	VERB
ftr-330	603	58	into	into	ADP
ftr-330	603	59	account	account	NOUN
ftr-330	603	60	by	by	ADP
ftr-330	603	61	the	the	DET
ftr-330	603	62	buying	buying	NOUN
ftr-330	603	63	member	member	NOUN
ftr-330	603	64	under	under	ADP
ftr-330	603	65	its	its	PRON
ftr-330	603	66	method	method	NOUN
ftr-330	603	67	of	of	ADP
ftr-330	603	68	accounting.115	accounting.115	NOUN
ftr-330	603	69	for	for	ADP
ftr-330	603	70	example	example	NOUN
ftr-330	603	71	,	,	PUNCT
ftr-330	603	72	on	on	ADP
ftr-330	603	73	a	a	DET
ftr-330	603	74	sale	sale	NOUN
ftr-330	603	75	of	of	ADP
ftr-330	603	76	property	property	NOUN
ftr-330	603	77	,	,	PUNCT
ftr-330	603	78	the	the	DET
ftr-330	603	79	selling	sell	VERB
ftr-330	603	80	member	member	NOUN
ftr-330	603	81	’s	’s	PART
ftr-330	603	82	gain	gain	NOUN
ftr-330	603	83	or	or	CCONJ
ftr-330	603	84	loss	loss	NOUN
ftr-330	603	85	is	be	AUX
ftr-330	603	86	not	not	PART
ftr-330	603	87	accounted	account	VERB
ftr-330	603	88	for	for	ADP
ftr-330	603	89	in	in	ADP
ftr-330	603	90	consolidated	consolidated	ADJ
ftr-330	603	91	taxable	taxable	ADJ
ftr-330	603	92	income	income	NOUN
ftr-330	603	93	until	until	SCONJ
ftr-330	603	94	the	the	DET
ftr-330	603	95	buying	buying	NOUN
ftr-330	603	96	member	member	NOUN
ftr-330	603	97	disposes	dispose	VERB
ftr-330	603	98	of	of	ADP
ftr-330	603	99	the	the	DET
ftr-330	603	100	property	property	NOUN
ftr-330	603	101	outside	outside	ADP
ftr-330	603	102	of	of	ADP
ftr-330	603	103	the	the	DET
ftr-330	603	104	consolidated	consolidated	ADJ
ftr-330	603	105	group	group	NOUN
ftr-330	603	106	,	,	PUNCT
ftr-330	603	107	or	or	CCONJ
ftr-330	603	108	otherwise	otherwise	ADV
ftr-330	603	109	recovers	recover	VERB
ftr-330	603	110	its	its	PRON
ftr-330	603	111	corresponding	corresponding	ADJ
ftr-330	603	112	basis	basis	NOUN
ftr-330	603	113	in	in	ADP
ftr-330	603	114	the	the	DET
ftr-330	603	115	acquired	acquire	VERB
ftr-330	603	116	property	property	NOUN
ftr-330	603	117	.	.	PUNCT
ftr-330	604	1	in	in	ADP
ftr-330	604	2	this	this	DET
ftr-330	604	3	fashion	fashion	NOUN
ftr-330	604	4	,	,	PUNCT
ftr-330	604	5	items	item	NOUN
ftr-330	604	6	resulting	result	VERB
ftr-330	604	7	from	from	ADP
ftr-330	604	8	an	an	DET
ftr-330	604	9	intercompany	intercompany	NOUN
ftr-330	604	10	transaction	transaction	NOUN
ftr-330	604	11	are	be	AUX
ftr-330	604	12	taken	take	VERB
ftr-330	604	13	into	into	ADP
ftr-330	604	14	account	account	NOUN
ftr-330	604	15	in	in	ADP
ftr-330	604	16	a	a	DET
ftr-330	604	17	manner	manner	NOUN
ftr-330	604	18	that	that	PRON
ftr-330	604	19	produces	produce	VERB
ftr-330	604	20	the	the	DET
ftr-330	604	21	same	same	ADJ
ftr-330	604	22	net	net	ADJ
ftr-330	604	23	result	result	NOUN
ftr-330	604	24	in	in	ADP
ftr-330	604	25	terms	term	NOUN
ftr-330	604	26	of	of	ADP
ftr-330	604	27	consolidated	consolidated	ADJ
ftr-330	604	28	taxable	taxable	ADJ
ftr-330	604	29	income	income	NOUN
ftr-330	604	30	as	as	SCONJ
ftr-330	604	31	if	if	SCONJ
ftr-330	604	32	the	the	DET
ftr-330	604	33	transaction	transaction	NOUN
ftr-330	604	34	occurred	occur	VERB
ftr-330	604	35	between	between	ADP
ftr-330	604	36	divisions	division	NOUN
ftr-330	604	37	of	of	ADP
ftr-330	604	38	a	a	DET
ftr-330	604	39	single	single	ADJ
ftr-330	604	40	entity	entity	NOUN
ftr-330	604	41	.	.	PUNCT
ftr-330	605	1	if	if	SCONJ
ftr-330	605	2	a	a	DET
ftr-330	605	3	member	member	NOUN
ftr-330	605	4	sells	sell	VERB
ftr-330	605	5	an	an	DET
ftr-330	605	6	asset	asset	NOUN
ftr-330	605	7	at	at	ADP
ftr-330	605	8	a	a	DET
ftr-330	605	9	gain	gain	NOUN
ftr-330	605	10	to	to	ADP
ftr-330	605	11	another	another	DET
ftr-330	605	12	member	member	NOUN
ftr-330	605	13	and	and	CCONJ
ftr-330	605	14	the	the	DET
ftr-330	605	15	purchasing	purchase	VERB
ftr-330	605	16	member	member	NOUN
ftr-330	605	17	later	later	ADV
ftr-330	605	18	sells	sell	VERB
ftr-330	605	19	that	that	DET
ftr-330	605	20	asset	asset	NOUN
ftr-330	605	21	outside	outside	ADP
ftr-330	605	22	the	the	DET
ftr-330	605	23	consolidated	consolidated	ADJ
ftr-330	605	24	group	group	NOUN
ftr-330	605	25	,	,	PUNCT
ftr-330	605	26	the	the	DET
ftr-330	605	27	purchasing	purchase	VERB
ftr-330	605	28	member	member	NOUN
ftr-330	605	29	’s	’s	PART
ftr-330	605	30	reduced	reduce	VERB
ftr-330	605	31	gain	gain	NOUN
ftr-330	605	32	or	or	CCONJ
ftr-330	605	33	increased	increase	VERB
ftr-330	605	34	loss	loss	NOUN
ftr-330	605	35	attributable	attributable	ADJ
ftr-330	605	36	to	to	ADP
ftr-330	605	37	the	the	DET
ftr-330	605	38	purchase	purchase	NOUN
ftr-330	605	39	price	price	NOUN
ftr-330	605	40	paid	pay	VERB
ftr-330	605	41	to	to	ADP
ftr-330	605	42	the	the	DET
ftr-330	605	43	selling	selling	NOUN
ftr-330	605	44	member	member	NOUN
ftr-330	605	45	is	be	AUX
ftr-330	605	46	offset	offset	VERB
ftr-330	605	47	in	in	ADP
ftr-330	605	48	consolidated	consolidated	ADJ
ftr-330	605	49	taxable	taxable	ADJ
ftr-330	605	50	income	income	NOUN
ftr-330	605	51	by	by	ADP
ftr-330	605	52	the	the	DET
ftr-330	605	53	selling	sell	VERB
ftr-330	605	54	member	member	NOUN
ftr-330	605	55	’s	’s	PART
ftr-330	605	56	deferred	defer	VERB
ftr-330	605	57	gain	gain	NOUN
ftr-330	605	58	.	.	PUNCT
ftr-330	606	1	under	under	ADP
ftr-330	606	2	this	this	DET
ftr-330	606	3	single	single	ADJ
ftr-330	606	4	entity	entity	NOUN
ftr-330	606	5	principle	principle	NOUN
ftr-330	606	6	,	,	PUNCT
ftr-330	606	7	the	the	DET
ftr-330	606	8	character	character	NOUN
ftr-330	606	9	,	,	PUNCT
ftr-330	606	10	source	source	NOUN
ftr-330	606	11	,	,	PUNCT
ftr-330	606	12	and	and	CCONJ
ftr-330	606	13	other	other	ADJ
ftr-330	606	14	attributes	attribute	NOUN
ftr-330	606	15	of	of	ADP
ftr-330	606	16	intercompany	intercompany	NOUN
ftr-330	606	17	transactions	transaction	NOUN
ftr-330	606	18	are	be	AUX
ftr-330	606	19	determined	determine	VERB
ftr-330	606	20	with	with	ADP
ftr-330	606	21	reference	reference	NOUN
ftr-330	606	22	to	to	ADP
ftr-330	606	23	the	the	DET
ftr-330	606	24	activities	activity	NOUN
ftr-330	606	25	of	of	ADP
ftr-330	606	26	both	both	CCONJ
ftr-330	606	27	the	the	DET
ftr-330	606	28	selling	selling	NOUN
ftr-330	606	29	and	and	CCONJ
ftr-330	606	30	buying	buy	VERB
ftr-330	606	31	members	member	NOUN
ftr-330	606	32	of	of	ADP
ftr-330	606	33	the	the	DET
ftr-330	606	34	consolidated	consolidated	NOUN
ftr-330	606	35	group.116	group.116	VERB
ftr-330	606	36	however	however	ADV
ftr-330	606	37	,	,	PUNCT
ftr-330	606	38	for	for	ADP
ftr-330	606	39	purposes	purpose	NOUN
ftr-330	606	40	of	of	ADP
ftr-330	606	41	identifying	identify	VERB
ftr-330	606	42	the	the	DET
ftr-330	606	43	amount	amount	NOUN
ftr-330	606	44	and	and	CCONJ
ftr-330	606	45	location	location	NOUN
ftr-330	606	46	of	of	ADP
ftr-330	606	47	115	115	NUM
ftr-330	606	48	.	.	PUNCT
ftr-330	607	1	reg	reg	NOUN
ftr-330	607	2	.	.	PUNCT
ftr-330	608	1	§	§	PROPN
ftr-330	608	2	1.1502–13(c)(2	1.1502–13(c)(2	NUM
ftr-330	608	3	)	)	PUNCT
ftr-330	608	4	;	;	PUNCT
ftr-330	608	5	see	see	VERB
ftr-330	608	6	also	also	ADV
ftr-330	608	7	reg	reg	ADJ
ftr-330	608	8	.	.	PUNCT
ftr-330	609	1	§	§	PROPN
ftr-330	609	2	1.1502–13(b)(3	1.1502–13(b)(3	NUM
ftr-330	609	3	)	)	PUNCT
ftr-330	609	4	.	.	PUNCT
ftr-330	610	1	note	note	VERB
ftr-330	610	2	that	that	SCONJ
ftr-330	610	3	even	even	ADV
ftr-330	610	4	outside	outside	ADP
ftr-330	610	5	of	of	ADP
ftr-330	610	6	the	the	DET
ftr-330	610	7	consolidated	consolidated	ADJ
ftr-330	610	8	return	return	NOUN
ftr-330	610	9	context	context	NOUN
ftr-330	610	10	,	,	PUNCT
ftr-330	610	11	losses	loss	NOUN
ftr-330	610	12	(	(	PUNCT
ftr-330	610	13	but	but	CCONJ
ftr-330	610	14	not	not	PART
ftr-330	610	15	gains	gain	NOUN
ftr-330	610	16	)	)	PUNCT
ftr-330	610	17	on	on	ADP
ftr-330	610	18	sales	sale	NOUN
ftr-330	610	19	of	of	ADP
ftr-330	610	20	property	property	NOUN
ftr-330	610	21	between	between	ADP
ftr-330	610	22	members	member	NOUN
ftr-330	610	23	of	of	ADP
ftr-330	610	24	a	a	DET
ftr-330	610	25	“	"	PUNCT
ftr-330	610	26	controlled	control	VERB
ftr-330	610	27	group	group	NOUN
ftr-330	610	28	”	"	PUNCT
ftr-330	610	29	of	of	ADP
ftr-330	610	30	corporations	corporation	NOUN
ftr-330	610	31	are	be	AUX
ftr-330	610	32	deferred	defer	VERB
ftr-330	610	33	using	use	VERB
ftr-330	610	34	consolidated	consolidated	ADJ
ftr-330	610	35	return	return	NOUN
ftr-330	610	36	matching	matching	NOUN
ftr-330	610	37	principles	principle	NOUN
ftr-330	610	38	.	.	PUNCT
ftr-330	611	1	i.r.c	i.r.c	NOUN
ftr-330	611	2	.	.	PUNCT
ftr-330	612	1	§	§	PROPN
ftr-330	612	2	267(f	267(f	PROPN
ftr-330	612	3	)	)	PUNCT
ftr-330	612	4	;	;	PUNCT
ftr-330	612	5	see	see	VERB
ftr-330	612	6	reg	reg	NOUN
ftr-330	612	7	.	.	PUNCT
ftr-330	613	1	§	§	PROPN
ftr-330	613	2	1.267(f)-1	1.267(f)-1	NUM
ftr-330	613	3	.	.	PUNCT
ftr-330	614	1	a	a	DET
ftr-330	614	2	parent	parent	NOUN
ftr-330	614	3	-	-	PUNCT
ftr-330	614	4	subsidiary	subsidiary	NOUN
ftr-330	614	5	controlled	control	VERB
ftr-330	614	6	group	group	NOUN
ftr-330	614	7	is	be	AUX
ftr-330	614	8	one	one	NUM
ftr-330	614	9	or	or	CCONJ
ftr-330	614	10	more	more	ADJ
ftr-330	614	11	chains	chain	NOUN
ftr-330	614	12	of	of	ADP
ftr-330	614	13	corporations	corporation	NOUN
ftr-330	614	14	connected	connect	VERB
ftr-330	614	15	through	through	ADP
ftr-330	614	16	stock	stock	NOUN
ftr-330	614	17	ownership	ownership	NOUN
ftr-330	614	18	with	with	ADP
ftr-330	614	19	a	a	DET
ftr-330	614	20	common	common	ADJ
ftr-330	614	21	parent	parent	NOUN
ftr-330	614	22	if	if	SCONJ
ftr-330	614	23	50	50	NUM
ftr-330	614	24	percent	percent	NOUN
ftr-330	614	25	of	of	ADP
ftr-330	614	26	the	the	DET
ftr-330	614	27	voting	voting	NOUN
ftr-330	614	28	power	power	NOUN
ftr-330	614	29	or	or	CCONJ
ftr-330	614	30	value	value	NOUN
ftr-330	614	31	of	of	ADP
ftr-330	614	32	each	each	DET
ftr-330	614	33	corporation	corporation	NOUN
ftr-330	614	34	(	(	PUNCT
ftr-330	614	35	except	except	SCONJ
ftr-330	614	36	the	the	DET
ftr-330	614	37	common	common	ADJ
ftr-330	614	38	parent	parent	NOUN
ftr-330	614	39	)	)	PUNCT
ftr-330	614	40	is	be	AUX
ftr-330	614	41	owned	own	VERB
ftr-330	614	42	by	by	ADP
ftr-330	614	43	another	another	DET
ftr-330	614	44	member	member	NOUN
ftr-330	614	45	of	of	ADP
ftr-330	614	46	the	the	DET
ftr-330	614	47	group	group	NOUN
ftr-330	614	48	,	,	PUNCT
ftr-330	614	49	and	and	CCONJ
ftr-330	614	50	the	the	DET
ftr-330	614	51	common	common	ADJ
ftr-330	614	52	parent	parent	NOUN
ftr-330	614	53	owns	own	VERB
ftr-330	614	54	at	at	ADP
ftr-330	614	55	least	least	ADV
ftr-330	614	56	50	50	NUM
ftr-330	614	57	percent	percent	NOUN
ftr-330	614	58	of	of	ADP
ftr-330	614	59	the	the	DET
ftr-330	614	60	voting	voting	NOUN
ftr-330	614	61	power	power	NOUN
ftr-330	614	62	or	or	CCONJ
ftr-330	614	63	value	value	NOUN
ftr-330	614	64	of	of	ADP
ftr-330	614	65	all	all	DET
ftr-330	614	66	classes	class	NOUN
ftr-330	614	67	of	of	ADP
ftr-330	614	68	stock	stock	NOUN
ftr-330	614	69	of	of	ADP
ftr-330	614	70	at	at	ADV
ftr-330	614	71	least	least	ADJ
ftr-330	614	72	one	one	NUM
ftr-330	614	73	of	of	ADP
ftr-330	614	74	the	the	DET
ftr-330	614	75	other	other	ADJ
ftr-330	614	76	corporations	corporation	NOUN
ftr-330	614	77	(	(	PUNCT
ftr-330	614	78	determined	determine	VERB
ftr-330	614	79	by	by	ADP
ftr-330	614	80	excluding	exclude	VERB
ftr-330	614	81	stock	stock	NOUN
ftr-330	614	82	of	of	ADP
ftr-330	614	83	any	any	DET
ftr-330	614	84	member	member	NOUN
ftr-330	614	85	of	of	ADP
ftr-330	614	86	the	the	DET
ftr-330	614	87	group	group	NOUN
ftr-330	614	88	held	hold	VERB
ftr-330	614	89	directly	directly	ADV
ftr-330	614	90	by	by	ADP
ftr-330	614	91	another	another	DET
ftr-330	614	92	member	member	NOUN
ftr-330	614	93	of	of	ADP
ftr-330	614	94	the	the	DET
ftr-330	614	95	group	group	NOUN
ftr-330	614	96	)	)	PUNCT
ftr-330	614	97	.	.	PUNCT
ftr-330	615	1	i.r.c	i.r.c	NOUN
ftr-330	615	2	.	.	PUNCT
ftr-330	616	1	§	§	PROPN
ftr-330	616	2	§	§	PROPN
ftr-330	616	3	267(f	267(f	PROPN
ftr-330	616	4	)	)	PUNCT
ftr-330	616	5	,	,	PUNCT
ftr-330	616	6	1563(a)(1	1563(a)(1	NUM
ftr-330	616	7	)	)	PUNCT
ftr-330	616	8	.	.	PUNCT
ftr-330	617	1	a	a	DET
ftr-330	617	2	brothersister	brothersister	NOUN
ftr-330	617	3	controlled	control	VERB
ftr-330	617	4	group	group	NOUN
ftr-330	617	5	means	mean	VERB
ftr-330	617	6	two	two	NUM
ftr-330	617	7	or	or	CCONJ
ftr-330	617	8	more	more	ADJ
ftr-330	617	9	corporations	corporation	NOUN
ftr-330	617	10	if	if	SCONJ
ftr-330	617	11	five	five	NUM
ftr-330	617	12	or	or	CCONJ
ftr-330	617	13	fewer	few	ADJ
ftr-330	617	14	persons	person	NOUN
ftr-330	617	15	who	who	PRON
ftr-330	617	16	are	be	AUX
ftr-330	617	17	individuals	individual	NOUN
ftr-330	617	18	,	,	PUNCT
ftr-330	617	19	estates	estate	NOUN
ftr-330	617	20	,	,	PUNCT
ftr-330	617	21	or	or	CCONJ
ftr-330	617	22	trusts	trust	VERB
ftr-330	617	23	own	own	ADJ
ftr-330	617	24	(	(	PUNCT
ftr-330	617	25	or	or	CCONJ
ftr-330	617	26	constructively	constructively	ADV
ftr-330	617	27	own	own	ADJ
ftr-330	617	28	)	)	PUNCT
ftr-330	617	29	stock	stock	NOUN
ftr-330	617	30	possessing	possess	VERB
ftr-330	617	31	more	more	ADJ
ftr-330	617	32	than	than	ADP
ftr-330	617	33	50	50	NUM
ftr-330	617	34	percent	percent	NOUN
ftr-330	617	35	of	of	ADP
ftr-330	617	36	the	the	DET
ftr-330	617	37	total	total	ADJ
ftr-330	617	38	combined	combined	ADJ
ftr-330	617	39	voting	voting	NOUN
ftr-330	617	40	power	power	NOUN
ftr-330	617	41	of	of	ADP
ftr-330	617	42	all	all	DET
ftr-330	617	43	classes	class	NOUN
ftr-330	617	44	of	of	ADP
ftr-330	617	45	stock	stock	NOUN
ftr-330	617	46	entitled	entitle	VERB
ftr-330	617	47	to	to	PART
ftr-330	617	48	vote	vote	VERB
ftr-330	617	49	,	,	PUNCT
ftr-330	617	50	or	or	CCONJ
ftr-330	617	51	more	more	ADJ
ftr-330	617	52	than	than	ADP
ftr-330	617	53	50	50	NUM
ftr-330	617	54	percent	percent	NOUN
ftr-330	617	55	of	of	ADP
ftr-330	617	56	the	the	DET
ftr-330	617	57	total	total	ADJ
ftr-330	617	58	value	value	NOUN
ftr-330	617	59	of	of	ADP
ftr-330	617	60	all	all	DET
ftr-330	617	61	stock	stock	NOUN
ftr-330	617	62	,	,	PUNCT
ftr-330	617	63	taking	take	VERB
ftr-330	617	64	into	into	ADP
ftr-330	617	65	account	account	NOUN
ftr-330	617	66	the	the	DET
ftr-330	617	67	stock	stock	NOUN
ftr-330	617	68	ownership	ownership	NOUN
ftr-330	617	69	of	of	ADP
ftr-330	617	70	each	each	DET
ftr-330	617	71	person	person	NOUN
ftr-330	617	72	only	only	ADV
ftr-330	617	73	to	to	ADP
ftr-330	617	74	the	the	DET
ftr-330	617	75	extent	extent	NOUN
ftr-330	617	76	the	the	DET
ftr-330	617	77	stock	stock	NOUN
ftr-330	617	78	ownership	ownership	NOUN
ftr-330	617	79	is	be	AUX
ftr-330	617	80	identical	identical	ADJ
ftr-330	617	81	with	with	ADP
ftr-330	617	82	respect	respect	NOUN
ftr-330	617	83	to	to	ADP
ftr-330	617	84	each	each	DET
ftr-330	617	85	corporation	corporation	NOUN
ftr-330	617	86	.	.	PUNCT
ftr-330	618	1	i.r.c	i.r.c	NOUN
ftr-330	618	2	.	.	PUNCT
ftr-330	619	1	§	§	PROPN
ftr-330	619	2	§	§	NOUN
ftr-330	619	3	267(f),1563(a)(2	267(f),1563(a)(2	NOUN
ftr-330	619	4	)	)	PUNCT
ftr-330	619	5	.	.	PUNCT
ftr-330	620	1	116	116	NUM
ftr-330	620	2	.	.	PUNCT
ftr-330	621	1	reg	reg	NOUN
ftr-330	621	2	.	.	PUNCT
ftr-330	622	1	§	§	PROPN
ftr-330	622	2	1.1502–13(c)(1	1.1502–13(c)(1	NUM
ftr-330	622	3	)	)	PUNCT
ftr-330	622	4	.	.	PUNCT
ftr-330	623	1	156	156	NUM
ftr-330	623	2	florida	florida	PROPN
ftr-330	623	3	tax	tax	NOUN
ftr-330	623	4	review	review	NOUN
ftr-330	623	5	[	[	X
ftr-330	623	6	vol	vol	NOUN
ftr-330	623	7	.	.	PUNCT
ftr-330	623	8	12:3	12:3	NUM
ftr-330	623	9	specific	specific	ADJ
ftr-330	623	10	items	item	NOUN
ftr-330	623	11	,	,	PUNCT
ftr-330	623	12	each	each	DET
ftr-330	623	13	party	party	NOUN
ftr-330	623	14	to	to	ADP
ftr-330	623	15	an	an	DET
ftr-330	623	16	intercompany	intercompany	NOUN
ftr-330	623	17	transaction	transaction	NOUN
ftr-330	623	18	is	be	AUX
ftr-330	623	19	treated	treat	VERB
ftr-330	623	20	as	as	ADP
ftr-330	623	21	a	a	DET
ftr-330	623	22	separate	separate	ADJ
ftr-330	623	23	entity.117	entity.117	NOUN
ftr-330	623	24	the	the	DET
ftr-330	623	25	regulations	regulation	NOUN
ftr-330	623	26	illustrate	illustrate	VERB
ftr-330	623	27	the	the	DET
ftr-330	623	28	single	single	ADJ
ftr-330	623	29	entity	entity	NOUN
ftr-330	623	30	approach	approach	NOUN
ftr-330	623	31	with	with	ADP
ftr-330	623	32	the	the	DET
ftr-330	623	33	following	following	NOUN
ftr-330	623	34	example.118	example.118	VERB
ftr-330	623	35	in	in	ADP
ftr-330	623	36	year	year	NOUN
ftr-330	623	37	one	one	NUM
ftr-330	623	38	,	,	PUNCT
ftr-330	623	39	s	s	PART
ftr-330	623	40	corporation	corporation	NOUN
ftr-330	623	41	sells	sell	VERB
ftr-330	623	42	property	property	NOUN
ftr-330	623	43	for	for	ADP
ftr-330	623	44	$	$	SYM
ftr-330	623	45	100	100	NUM
ftr-330	623	46	that	that	PRON
ftr-330	623	47	it	it	PRON
ftr-330	623	48	has	have	AUX
ftr-330	623	49	held	hold	VERB
ftr-330	623	50	for	for	ADP
ftr-330	623	51	investment	investment	NOUN
ftr-330	623	52	with	with	ADP
ftr-330	623	53	a	a	DET
ftr-330	623	54	basis	basis	NOUN
ftr-330	623	55	of	of	ADP
ftr-330	623	56	$	$	SYM
ftr-330	623	57	70	70	NUM
ftr-330	623	58	to	to	ADP
ftr-330	623	59	b	b	PROPN
ftr-330	623	60	corporation	corporation	NOUN
ftr-330	623	61	,	,	PUNCT
ftr-330	623	62	which	which	PRON
ftr-330	623	63	is	be	AUX
ftr-330	623	64	a	a	DET
ftr-330	623	65	member	member	NOUN
ftr-330	623	66	of	of	ADP
ftr-330	623	67	the	the	DET
ftr-330	623	68	consolidated	consolidated	ADJ
ftr-330	623	69	group	group	NOUN
ftr-330	623	70	that	that	PRON
ftr-330	623	71	includes	include	VERB
ftr-330	623	72	s	s	NOUN
ftr-330	623	73	corporation	corporation	NOUN
ftr-330	623	74	.	.	PUNCT
ftr-330	624	1	the	the	DET
ftr-330	624	2	accounting	accounting	NOUN
ftr-330	624	3	in	in	ADP
ftr-330	624	4	consolidated	consolidated	ADJ
ftr-330	624	5	taxable	taxable	ADJ
ftr-330	624	6	income	income	NOUN
ftr-330	624	7	for	for	ADP
ftr-330	624	8	s	s	NOUN
ftr-330	624	9	corporation	corporation	NOUN
ftr-330	624	10	’s	’s	PART
ftr-330	624	11	recognized	recognize	VERB
ftr-330	624	12	gain	gain	NOUN
ftr-330	624	13	on	on	ADP
ftr-330	624	14	the	the	DET
ftr-330	624	15	sale	sale	NOUN
ftr-330	624	16	is	be	AUX
ftr-330	624	17	deferred	defer	VERB
ftr-330	624	18	.	.	PUNCT
ftr-330	625	1	as	as	ADP
ftr-330	625	2	a	a	DET
ftr-330	625	3	separate	separate	ADJ
ftr-330	625	4	entity	entity	NOUN
ftr-330	625	5	,	,	PUNCT
ftr-330	625	6	b	b	PRON
ftr-330	625	7	corporation	corporation	NOUN
ftr-330	625	8	holds	hold	VERB
ftr-330	625	9	the	the	DET
ftr-330	625	10	property	property	NOUN
ftr-330	625	11	with	with	ADP
ftr-330	625	12	an	an	DET
ftr-330	625	13	adjusted	adjusted	ADJ
ftr-330	625	14	basis	basis	NOUN
ftr-330	625	15	of	of	ADP
ftr-330	625	16	$	$	SYM
ftr-330	625	17	100	100	NUM
ftr-330	625	18	and	and	CCONJ
ftr-330	625	19	s	s	VERB
ftr-330	625	20	corporation	corporation	NOUN
ftr-330	625	21	will	will	AUX
ftr-330	625	22	be	be	AUX
ftr-330	625	23	required	require	VERB
ftr-330	625	24	to	to	PART
ftr-330	625	25	recognize	recognize	VERB
ftr-330	625	26	its	its	PRON
ftr-330	625	27	deferred	deferred	ADJ
ftr-330	625	28	gain	gain	NOUN
ftr-330	625	29	when	when	SCONJ
ftr-330	625	30	b	b	X
ftr-330	625	31	corporation	corporation	NOUN
ftr-330	625	32	takes	take	VERB
ftr-330	625	33	advantage	advantage	NOUN
ftr-330	625	34	of	of	ADP
ftr-330	625	35	the	the	DET
ftr-330	625	36	$	$	SYM
ftr-330	625	37	30	30	NUM
ftr-330	625	38	basis	basis	NOUN
ftr-330	625	39	increase.119	increase.119	NOUN
ftr-330	625	40	in	in	ADP
ftr-330	625	41	year	year	NOUN
ftr-330	625	42	three	three	NUM
ftr-330	625	43	b	b	NOUN
ftr-330	625	44	corporation	corporation	NOUN
ftr-330	625	45	resells	resell	VERB
ftr-330	625	46	the	the	DET
ftr-330	625	47	property	property	NOUN
ftr-330	625	48	for	for	ADP
ftr-330	625	49	$	$	SYM
ftr-330	625	50	90	90	NUM
ftr-330	625	51	to	to	ADP
ftr-330	625	52	a	a	DET
ftr-330	625	53	customer	customer	NOUN
ftr-330	625	54	in	in	ADP
ftr-330	625	55	the	the	DET
ftr-330	625	56	ordinary	ordinary	ADJ
ftr-330	625	57	course	course	NOUN
ftr-330	625	58	of	of	ADP
ftr-330	625	59	b	b	PROPN
ftr-330	625	60	corporation	corporation	NOUN
ftr-330	625	61	’s	’s	PART
ftr-330	625	62	business	business	NOUN
ftr-330	625	63	.	.	PUNCT
ftr-330	626	1	if	if	SCONJ
ftr-330	626	2	s	s	VERB
ftr-330	626	3	corporation	corporation	NOUN
ftr-330	626	4	and	and	CCONJ
ftr-330	626	5	b	b	PROPN
ftr-330	626	6	corporation	corporation	NOUN
ftr-330	626	7	were	be	AUX
ftr-330	626	8	divisions	division	NOUN
ftr-330	626	9	of	of	ADP
ftr-330	626	10	a	a	DET
ftr-330	626	11	single	single	ADJ
ftr-330	626	12	entity	entity	NOUN
ftr-330	626	13	,	,	PUNCT
ftr-330	626	14	b	b	PRON
ftr-330	626	15	corporation	corporation	NOUN
ftr-330	626	16	would	would	AUX
ftr-330	626	17	succeed	succeed	VERB
ftr-330	626	18	to	to	ADP
ftr-330	626	19	s	s	PART
ftr-330	626	20	corporation	corporation	NOUN
ftr-330	626	21	’s	’s	PART
ftr-330	626	22	$	$	SYM
ftr-330	626	23	70	70	NUM
ftr-330	626	24	basis	basis	NOUN
ftr-330	626	25	in	in	ADP
ftr-330	626	26	the	the	DET
ftr-330	626	27	land	land	NOUN
ftr-330	626	28	and	and	CCONJ
ftr-330	626	29	realize	realize	VERB
ftr-330	626	30	$	$	SYM
ftr-330	626	31	20	20	NUM
ftr-330	626	32	of	of	ADP
ftr-330	626	33	gain	gain	NOUN
ftr-330	626	34	.	.	PUNCT
ftr-330	627	1	under	under	ADP
ftr-330	627	2	the	the	DET
ftr-330	627	3	matching	matching	NOUN
ftr-330	627	4	principle	principle	NOUN
ftr-330	627	5	of	of	ADP
ftr-330	627	6	treasury	treasury	NOUN
ftr-330	627	7	regulation	regulation	NOUN
ftr-330	627	8	section	section	NOUN
ftr-330	627	9	1.1502–13(c	1.1502–13(c	NUM
ftr-330	627	10	)	)	PUNCT
ftr-330	627	11	,	,	PUNCT
ftr-330	627	12	in	in	ADP
ftr-330	627	13	the	the	DET
ftr-330	627	14	year	year	NOUN
ftr-330	627	15	of	of	ADP
ftr-330	627	16	b	b	PROPN
ftr-330	627	17	corporation	corporation	NOUN
ftr-330	627	18	’s	’s	PART
ftr-330	627	19	sale	sale	NOUN
ftr-330	627	20	,	,	PUNCT
ftr-330	627	21	s	s	PART
ftr-330	627	22	corporation	corporation	NOUN
ftr-330	627	23	must	must	AUX
ftr-330	627	24	take	take	VERB
ftr-330	627	25	into	into	ADP
ftr-330	627	26	income	income	NOUN
ftr-330	627	27	an	an	DET
ftr-330	627	28	amount	amount	NOUN
ftr-330	627	29	that	that	PRON
ftr-330	627	30	reflects	reflect	VERB
ftr-330	627	31	the	the	DET
ftr-330	627	32	difference	difference	NOUN
ftr-330	627	33	for	for	ADP
ftr-330	627	34	the	the	DET
ftr-330	627	35	year	year	NOUN
ftr-330	627	36	between	between	ADP
ftr-330	627	37	the	the	DET
ftr-330	627	38	“	"	PUNCT
ftr-330	627	39	corresponding	corresponding	ADJ
ftr-330	627	40	item	item	NOUN
ftr-330	627	41	,	,	PUNCT
ftr-330	627	42	”	"	PUNCT
ftr-330	627	43	which	which	PRON
ftr-330	627	44	is	be	AUX
ftr-330	627	45	the	the	DET
ftr-330	627	46	amount	amount	NOUN
ftr-330	627	47	actually	actually	ADV
ftr-330	627	48	taken	take	VERB
ftr-330	627	49	into	into	ADP
ftr-330	627	50	account	account	NOUN
ftr-330	627	51	by	by	ADP
ftr-330	627	52	b	b	PROPN
ftr-330	627	53	corporation	corporation	NOUN
ftr-330	627	54	as	as	ADP
ftr-330	627	55	a	a	DET
ftr-330	627	56	separate	separate	ADJ
ftr-330	627	57	entity	entity	NOUN
ftr-330	627	58	(	(	PUNCT
ftr-330	627	59	$	$	SYM
ftr-330	627	60	10	10	NUM
ftr-330	627	61	loss),120	loss),120	ADV
ftr-330	627	62	and	and	CCONJ
ftr-330	627	63	the	the	DET
ftr-330	627	64	“	"	PUNCT
ftr-330	627	65	recomputed	recompute	VERB
ftr-330	627	66	corresponding	corresponding	ADJ
ftr-330	627	67	item	item	NOUN
ftr-330	627	68	,	,	PUNCT
ftr-330	627	69	”	"	PUNCT
ftr-330	627	70	which	which	PRON
ftr-330	627	71	is	be	AUX
ftr-330	627	72	the	the	DET
ftr-330	627	73	amount	amount	NOUN
ftr-330	627	74	that	that	PRON
ftr-330	627	75	b	b	X
ftr-330	627	76	corporation	corporation	NOUN
ftr-330	627	77	would	would	AUX
ftr-330	627	78	take	take	VERB
ftr-330	627	79	into	into	ADP
ftr-330	627	80	account	account	NOUN
ftr-330	627	81	if	if	SCONJ
ftr-330	627	82	s	s	VERB
ftr-330	627	83	corporation	corporation	NOUN
ftr-330	627	84	and	and	CCONJ
ftr-330	627	85	b	b	PROPN
ftr-330	627	86	corporation	corporation	NOUN
ftr-330	627	87	were	be	AUX
ftr-330	627	88	divisions	division	NOUN
ftr-330	627	89	of	of	ADP
ftr-330	627	90	a	a	DET
ftr-330	627	91	single	single	ADJ
ftr-330	627	92	entity	entity	NOUN
ftr-330	627	93	(	(	PUNCT
ftr-330	627	94	$	$	SYM
ftr-330	627	95	20	20	NUM
ftr-330	627	96	gain).121	gain).121	ADJ
ftr-330	627	97	thus	thus	ADV
ftr-330	627	98	,	,	PUNCT
ftr-330	627	99	in	in	ADP
ftr-330	627	100	year	year	NOUN
ftr-330	627	101	three	three	NUM
ftr-330	627	102	,	,	PUNCT
ftr-330	627	103	s	s	PART
ftr-330	627	104	corporation	corporation	NOUN
ftr-330	627	105	is	be	AUX
ftr-330	627	106	required	require	VERB
ftr-330	627	107	to	to	PART
ftr-330	627	108	recognize	recognize	VERB
ftr-330	627	109	$	$	SYM
ftr-330	627	110	30	30	NUM
ftr-330	627	111	(	(	PUNCT
ftr-330	627	112	$	$	SYM
ftr-330	627	113	20	20	NUM
ftr-330	627	114	–	–	PUNCT
ftr-330	627	115	(	(	PUNCT
ftr-330	627	116	$	$	SYM
ftr-330	627	117	10	10	NUM
ftr-330	627	118	)	)	PUNCT
ftr-330	627	119	=	=	PUNCT
ftr-330	627	120	$	$	SYM
ftr-330	627	121	30).122	30).122	NUM
ftr-330	627	122	b	b	NOUN
ftr-330	627	123	corporation	corporation	NOUN
ftr-330	627	124	recognizes	recognize	VERB
ftr-330	627	125	its	its	PRON
ftr-330	627	126	$	$	SYM
ftr-330	627	127	10	10	NUM
ftr-330	627	128	loss	loss	NOUN
ftr-330	627	129	in	in	ADP
ftr-330	627	130	year	year	NOUN
ftr-330	627	131	three.123	three.123	VERB
ftr-330	627	132	the	the	DET
ftr-330	627	133	net	net	ADJ
ftr-330	627	134	effect	effect	NOUN
ftr-330	627	135	on	on	ADP
ftr-330	627	136	consolidated	consolidated	ADJ
ftr-330	627	137	taxable	taxable	ADJ
ftr-330	627	138	income	income	NOUN
ftr-330	627	139	is	be	AUX
ftr-330	627	140	$	$	SYM
ftr-330	627	141	20	20	NUM
ftr-330	627	142	gain	gain	NOUN
ftr-330	627	143	.	.	PUNCT
ftr-330	628	1	the	the	DET
ftr-330	628	2	character	character	NOUN
ftr-330	628	3	of	of	ADP
ftr-330	628	4	s	s	PART
ftr-330	628	5	corporation	corporation	NOUN
ftr-330	628	6	’s	’s	PART
ftr-330	628	7	and	and	CCONJ
ftr-330	628	8	b	b	PROPN
ftr-330	628	9	corporation	corporation	NOUN
ftr-330	628	10	’s	’s	PART
ftr-330	628	11	gain	gain	NOUN
ftr-330	628	12	(	(	PUNCT
ftr-330	628	13	or	or	CCONJ
ftr-330	628	14	loss	loss	NOUN
ftr-330	628	15	)	)	PUNCT
ftr-330	628	16	is	be	AUX
ftr-330	628	17	also	also	ADV
ftr-330	628	18	determined	determined	ADJ
ftr-330	628	19	as	as	SCONJ
ftr-330	628	20	if	if	SCONJ
ftr-330	628	21	s	s	VERB
ftr-330	628	22	corporation	corporation	NOUN
ftr-330	628	23	and	and	CCONJ
ftr-330	628	24	b	b	PROPN
ftr-330	628	25	corporation	corporation	NOUN
ftr-330	628	26	were	be	AUX
ftr-330	628	27	divisions	division	NOUN
ftr-330	628	28	of	of	ADP
ftr-330	628	29	a	a	DET
ftr-330	628	30	single	single	ADJ
ftr-330	628	31	entity	entity	NOUN
ftr-330	628	32	.	.	PUNCT
ftr-330	629	1	thus	thus	ADV
ftr-330	629	2	,	,	PUNCT
ftr-330	629	3	if	if	SCONJ
ftr-330	629	4	b	b	PROPN
ftr-330	629	5	corporation	corporation	NOUN
ftr-330	629	6	’s	’s	PART
ftr-330	629	7	activities	activity	NOUN
ftr-330	629	8	with	with	ADP
ftr-330	629	9	respect	respect	NOUN
ftr-330	629	10	to	to	ADP
ftr-330	629	11	the	the	DET
ftr-330	629	12	property	property	NOUN
ftr-330	629	13	convert	convert	VERB
ftr-330	629	14	the	the	DET
ftr-330	629	15	property	property	NOUN
ftr-330	629	16	from	from	ADP
ftr-330	629	17	investment	investment	NOUN
ftr-330	629	18	property	property	NOUN
ftr-330	629	19	into	into	ADP
ftr-330	629	20	property	property	NOUN
ftr-330	629	21	described	describe	VERB
ftr-330	629	22	in	in	ADP
ftr-330	629	23	section	section	NOUN
ftr-330	629	24	1221(a)(1	1221(a)(1	NUM
ftr-330	629	25	)	)	PUNCT
ftr-330	629	26	,	,	PUNCT
ftr-330	629	27	both	both	PRON
ftr-330	629	28	s	s	VERB
ftr-330	629	29	corporation	corporation	NOUN
ftr-330	629	30	’s	’s	PART
ftr-330	629	31	and	and	CCONJ
ftr-330	629	32	b	b	PROPN
ftr-330	629	33	corporation	corporation	NOUN
ftr-330	629	34	’s	’s	PART
ftr-330	629	35	gain	gain	NOUN
ftr-330	629	36	or	or	CCONJ
ftr-330	629	37	loss	loss	NOUN
ftr-330	629	38	will	will	AUX
ftr-330	629	39	be	be	AUX
ftr-330	629	40	ordinary.124	ordinary.124	VERB
ftr-330	629	41	the	the	DET
ftr-330	629	42	gain	gain	NOUN
ftr-330	629	43	and	and	CCONJ
ftr-330	629	44	loss	loss	NOUN
ftr-330	629	45	taken	take	VERB
ftr-330	629	46	into	into	ADP
ftr-330	629	47	account	account	NOUN
ftr-330	629	48	by	by	ADP
ftr-330	629	49	s	s	PART
ftr-330	629	50	corporation	corporation	NOUN
ftr-330	629	51	and	and	CCONJ
ftr-330	629	52	b	b	PROPN
ftr-330	629	53	corporation	corporation	NOUN
ftr-330	629	54	will	will	AUX
ftr-330	629	55	be	be	AUX
ftr-330	629	56	preserved	preserve	VERB
ftr-330	629	57	on	on	ADP
ftr-330	629	58	a	a	DET
ftr-330	629	59	separate	separate	ADJ
ftr-330	629	60	entity	entity	NOUN
ftr-330	629	61	basis	basis	NOUN
ftr-330	629	62	for	for	ADP
ftr-330	629	63	purposes	purpose	NOUN
ftr-330	629	64	of	of	ADP
ftr-330	629	65	stock	stock	NOUN
ftr-330	629	66	basis	basis	NOUN
ftr-330	629	67	and	and	CCONJ
ftr-330	629	68	earnings	earning	NOUN
ftr-330	629	69	and	and	CCONJ
ftr-330	629	70	profits	profit	NOUN
ftr-330	629	71	adjustments	adjustment	NOUN
ftr-330	629	72	as	as	SCONJ
ftr-330	629	73	required	require	VERB
ftr-330	629	74	by	by	ADP
ftr-330	629	75	treasury	treasury	NOUN
ftr-330	629	76	regulation	regulation	NOUN
ftr-330	629	77	sections	section	NOUN
ftr-330	629	78	1.1502–32	1.1502–32	NUM
ftr-330	629	79	and	and	CCONJ
ftr-330	629	80	–	–	PUNCT
ftr-330	629	81	33.125	33.125	NUM
ftr-330	629	82	117	117	NUM
ftr-330	629	83	.	.	PUNCT
ftr-330	630	1	reg	reg	NOUN
ftr-330	630	2	.	.	PUNCT
ftr-330	631	1	§	§	PROPN
ftr-330	631	2	1.1502–13(a)(2	1.1502–13(a)(2	NUM
ftr-330	631	3	)	)	PUNCT
ftr-330	631	4	.	.	PUNCT
ftr-330	632	1	118	118	NUM
ftr-330	632	2	.	.	PUNCT
ftr-330	633	1	reg	reg	NOUN
ftr-330	633	2	.	.	PUNCT
ftr-330	634	1	§	§	PROPN
ftr-330	634	2	1.1502–13(c)(7)(ii	1.1502–13(c)(7)(ii	NUM
ftr-330	634	3	)	)	PUNCT
ftr-330	634	4	,	,	PUNCT
ftr-330	634	5	ex	ex	NOUN
ftr-330	634	6	.	.	NOUN
ftr-330	634	7	1(f	1(f	NUM
ftr-330	634	8	)	)	PUNCT
ftr-330	634	9	.	.	PUNCT
ftr-330	635	1	119	119	NUM
ftr-330	635	2	.	.	PUNCT
ftr-330	636	1	reg	reg	PROPN
ftr-330	636	2	.	.	PUNCT
ftr-330	637	1	§	§	PROPN
ftr-330	637	2	1.1502–13(a)(2	1.1502–13(a)(2	NUM
ftr-330	637	3	)	)	PUNCT
ftr-330	637	4	.	.	PUNCT
ftr-330	638	1	120	120	NUM
ftr-330	638	2	.	.	PUNCT
ftr-330	638	3	reg	reg	NOUN
ftr-330	638	4	.	.	PUNCT
ftr-330	639	1	§	§	PROPN
ftr-330	639	2	1.1502–13(b)(3	1.1502–13(b)(3	NUM
ftr-330	639	3	)	)	PUNCT
ftr-330	639	4	.	.	PUNCT
ftr-330	640	1	121	121	NUM
ftr-330	640	2	.	.	PUNCT
ftr-330	641	1	reg	reg	NOUN
ftr-330	641	2	.	.	PUNCT
ftr-330	642	1	§	§	PROPN
ftr-330	642	2	1.1502–13(b)(4	1.1502–13(b)(4	NUM
ftr-330	642	3	)	)	PUNCT
ftr-330	642	4	;	;	PUNCT
ftr-330	642	5	see	see	VERB
ftr-330	642	6	also	also	ADV
ftr-330	642	7	reg	reg	ADJ
ftr-330	642	8	.	.	PUNCT
ftr-330	643	1	§	§	PROPN
ftr-330	643	2	1.1502–13(c)(7)(ii	1.1502–13(c)(7)(ii	NUM
ftr-330	643	3	)	)	PUNCT
ftr-330	643	4	,	,	PUNCT
ftr-330	643	5	ex	ex	NOUN
ftr-330	643	6	.	.	NOUN
ftr-330	643	7	1(d	1(d	NUM
ftr-330	643	8	)	)	PUNCT
ftr-330	643	9	.	.	PUNCT
ftr-330	644	1	122	122	NUM
ftr-330	644	2	.	.	PUNCT
ftr-330	645	1	reg	reg	PROPN
ftr-330	645	2	.	.	PUNCT
ftr-330	646	1	§	§	PROPN
ftr-330	646	2	1.1502–13(c)(2)(ii	1.1502–13(c)(2)(ii	NUM
ftr-330	646	3	)	)	PUNCT
ftr-330	646	4	.	.	PUNCT
ftr-330	647	1	123	123	NUM
ftr-330	647	2	.	.	PUNCT
ftr-330	648	1	reg	reg	NOUN
ftr-330	648	2	.	.	PUNCT
ftr-330	649	1	§	§	PROPN
ftr-330	649	2	1.1502–13(c)(2)(i	1.1502–13(c)(2)(i	PROPN
ftr-330	649	3	)	)	PUNCT
ftr-330	649	4	.	.	PUNCT
ftr-330	650	1	124	124	NUM
ftr-330	650	2	.	.	PUNCT
ftr-330	651	1	reg	reg	NOUN
ftr-330	651	2	.	.	PUNCT
ftr-330	652	1	§	§	PROPN
ftr-330	652	2	1.1502–13(c)(1	1.1502–13(c)(1	NUM
ftr-330	652	3	)	)	PUNCT
ftr-330	652	4	and	and	CCONJ
ftr-330	652	5	(	(	PUNCT
ftr-330	652	6	7)(ii	7)(ii	NUM
ftr-330	652	7	)	)	PUNCT
ftr-330	652	8	,	,	PUNCT
ftr-330	652	9	ex	ex	NOUN
ftr-330	652	10	.	.	NOUN
ftr-330	652	11	2	2	NUM
ftr-330	652	12	.	.	NUM
ftr-330	652	13	125	125	NUM
ftr-330	652	14	.	.	PUNCT
ftr-330	653	1	reg	reg	NOUN
ftr-330	653	2	.	.	PUNCT
ftr-330	654	1	§	§	PROPN
ftr-330	654	2	1.1502–13(a)(2	1.1502–13(a)(2	NUM
ftr-330	654	3	)	)	PUNCT
ftr-330	654	4	.	.	PUNCT
ftr-330	655	1	2012	2012	NUM
ftr-330	655	2	]	]	PUNCT
ftr-330	655	3	understanding	understand	VERB
ftr-330	655	4	consolidated	consolidated	ADJ
ftr-330	655	5	returns	return	NOUN
ftr-330	655	6	157	157	NUM
ftr-330	655	7	the	the	DET
ftr-330	655	8	matching	matching	ADJ
ftr-330	655	9	principle	principle	NOUN
ftr-330	655	10	of	of	ADP
ftr-330	655	11	the	the	DET
ftr-330	655	12	regulations	regulation	NOUN
ftr-330	655	13	also	also	ADV
ftr-330	655	14	requires	require	VERB
ftr-330	655	15	an	an	DET
ftr-330	655	16	accounting	accounting	NOUN
ftr-330	655	17	for	for	ADP
ftr-330	655	18	the	the	DET
ftr-330	655	19	selling	sell	VERB
ftr-330	655	20	member	member	NOUN
ftr-330	655	21	’s	’s	PART
ftr-330	655	22	deferred	defer	VERB
ftr-330	655	23	gain	gain	NOUN
ftr-330	655	24	as	as	SCONJ
ftr-330	655	25	the	the	DET
ftr-330	655	26	buying	buying	NOUN
ftr-330	655	27	member	member	NOUN
ftr-330	655	28	claims	claim	VERB
ftr-330	655	29	capital	capital	NOUN
ftr-330	655	30	recovery	recovery	NOUN
ftr-330	655	31	deductions	deduction	NOUN
ftr-330	655	32	on	on	ADP
ftr-330	655	33	its	its	PRON
ftr-330	655	34	purchase	purchase	NOUN
ftr-330	655	35	price	price	NOUN
ftr-330	655	36	basis	basis	NOUN
ftr-330	655	37	of	of	ADP
ftr-330	655	38	depreciable	depreciable	ADJ
ftr-330	655	39	property	property	NOUN
ftr-330	655	40	in	in	ADP
ftr-330	655	41	an	an	DET
ftr-330	655	42	intercompany	intercompany	NOUN
ftr-330	655	43	transaction	transaction	NOUN
ftr-330	655	44	.	.	PUNCT
ftr-330	656	1	assume	assume	VERB
ftr-330	656	2	for	for	ADP
ftr-330	656	3	example	example	NOUN
ftr-330	656	4	,	,	PUNCT
ftr-330	656	5	that	that	PRON
ftr-330	656	6	s	s	VERB
ftr-330	656	7	corporation	corporation	NOUN
ftr-330	656	8	and	and	CCONJ
ftr-330	656	9	b	b	PROPN
ftr-330	656	10	corporation	corporation	NOUN
ftr-330	656	11	are	be	AUX
ftr-330	656	12	members	member	NOUN
ftr-330	656	13	of	of	ADP
ftr-330	656	14	the	the	DET
ftr-330	656	15	same	same	ADJ
ftr-330	656	16	consolidated	consolidated	ADJ
ftr-330	656	17	group	group	NOUN
ftr-330	656	18	.	.	PUNCT
ftr-330	657	1	in	in	ADP
ftr-330	657	2	2008	2008	NUM
ftr-330	657	3	,	,	PUNCT
ftr-330	657	4	s	s	PART
ftr-330	657	5	corporation	corporation	NOUN
ftr-330	657	6	acquires	acquire	VERB
ftr-330	657	7	depreciable	depreciable	ADJ
ftr-330	657	8	five	five	NUM
ftr-330	657	9	year	year	NOUN
ftr-330	657	10	property	property	NOUN
ftr-330	657	11	for	for	ADP
ftr-330	657	12	$	$	SYM
ftr-330	657	13	150	150	NUM
ftr-330	657	14	and	and	CCONJ
ftr-330	657	15	properly	properly	ADV
ftr-330	657	16	claims	claim	VERB
ftr-330	657	17	capital	capital	NOUN
ftr-330	657	18	recovery	recovery	NOUN
ftr-330	657	19	deductions	deduction	NOUN
ftr-330	657	20	of	of	ADP
ftr-330	657	21	$	$	SYM
ftr-330	657	22	30	30	NUM
ftr-330	657	23	in	in	ADP
ftr-330	657	24	2008	2008	NUM
ftr-330	657	25	and	and	CCONJ
ftr-330	657	26	$	$	SYM
ftr-330	657	27	48	48	NUM
ftr-330	657	28	in	in	ADP
ftr-330	657	29	2009	2009	NUM
ftr-330	657	30	.	.	PUNCT
ftr-330	658	1	on	on	ADP
ftr-330	658	2	the	the	DET
ftr-330	658	3	first	first	ADJ
ftr-330	658	4	day	day	NOUN
ftr-330	658	5	of	of	ADP
ftr-330	658	6	its	its	PRON
ftr-330	658	7	2010	2010	NUM
ftr-330	658	8	taxable	taxable	ADJ
ftr-330	658	9	year	year	NOUN
ftr-330	658	10	,	,	PUNCT
ftr-330	658	11	s	s	PART
ftr-330	658	12	corporation	corporation	NOUN
ftr-330	658	13	sells	sell	VERB
ftr-330	658	14	the	the	DET
ftr-330	658	15	property	property	NOUN
ftr-330	658	16	to	to	ADP
ftr-330	658	17	b	b	NOUN
ftr-330	658	18	corporation	corporation	NOUN
ftr-330	658	19	for	for	ADP
ftr-330	658	20	$	$	SYM
ftr-330	658	21	110	110	NUM
ftr-330	658	22	.	.	PUNCT
ftr-330	659	1	at	at	ADP
ftr-330	659	2	the	the	DET
ftr-330	659	3	time	time	NOUN
ftr-330	659	4	of	of	ADP
ftr-330	659	5	sale	sale	NOUN
ftr-330	659	6	,	,	PUNCT
ftr-330	659	7	s	s	PART
ftr-330	659	8	corporation	corporation	NOUN
ftr-330	659	9	’s	’s	PART
ftr-330	659	10	basis	basis	NOUN
ftr-330	659	11	in	in	ADP
ftr-330	659	12	the	the	DET
ftr-330	659	13	property	property	NOUN
ftr-330	659	14	is	be	AUX
ftr-330	659	15	$	$	SYM
ftr-330	659	16	72	72	NUM
ftr-330	659	17	(	(	PUNCT
ftr-330	659	18	$	$	SYM
ftr-330	659	19	150	150	NUM
ftr-330	659	20	–	–	PUNCT
ftr-330	659	21	[	[	PUNCT
ftr-330	659	22	$	$	SYM
ftr-330	659	23	30	30	NUM
ftr-330	659	24	+	+	NUM
ftr-330	659	25	48	48	NUM
ftr-330	659	26	]	]	PUNCT
ftr-330	659	27	)	)	PUNCT
ftr-330	659	28	.	.	PUNCT
ftr-330	660	1	s	s	PART
ftr-330	660	2	corporation	corporation	NOUN
ftr-330	660	3	recognizes	recognize	VERB
ftr-330	660	4	$	$	SYM
ftr-330	660	5	38	38	NUM
ftr-330	660	6	of	of	ADP
ftr-330	660	7	gain	gain	NOUN
ftr-330	660	8	,	,	PUNCT
ftr-330	660	9	which	which	PRON
ftr-330	660	10	is	be	AUX
ftr-330	660	11	deferred	defer	VERB
ftr-330	660	12	.	.	PUNCT
ftr-330	661	1	under	under	ADP
ftr-330	661	2	section	section	NOUN
ftr-330	661	3	168(i)(7	168(i)(7	NUM
ftr-330	661	4	)	)	PUNCT
ftr-330	661	5	,	,	PUNCT
ftr-330	661	6	b	b	X
ftr-330	661	7	corporation	corporation	NOUN
ftr-330	661	8	must	must	AUX
ftr-330	661	9	use	use	VERB
ftr-330	661	10	the	the	DET
ftr-330	661	11	same	same	ADJ
ftr-330	661	12	depreciation	depreciation	NOUN
ftr-330	661	13	rate	rate	NOUN
ftr-330	661	14	as	as	ADP
ftr-330	661	15	s	s	PART
ftr-330	661	16	corporation	corporation	NOUN
ftr-330	661	17	with	with	ADP
ftr-330	661	18	respect	respect	NOUN
ftr-330	661	19	to	to	ADP
ftr-330	661	20	so	so	ADV
ftr-330	661	21	much	much	ADJ
ftr-330	661	22	of	of	ADP
ftr-330	661	23	the	the	DET
ftr-330	661	24	adjusted	adjusted	ADJ
ftr-330	661	25	basis	basis	NOUN
ftr-330	661	26	of	of	ADP
ftr-330	661	27	the	the	DET
ftr-330	661	28	property	property	NOUN
ftr-330	661	29	in	in	ADP
ftr-330	661	30	b	b	PROPN
ftr-330	661	31	corporation	corporation	NOUN
ftr-330	661	32	’s	’s	PART
ftr-330	661	33	hands	hand	NOUN
ftr-330	661	34	as	as	SCONJ
ftr-330	661	35	does	do	AUX
ftr-330	661	36	not	not	PART
ftr-330	661	37	exceed	exceed	VERB
ftr-330	661	38	s	s	PART
ftr-330	661	39	corporation	corporation	NOUN
ftr-330	661	40	’s	’s	PART
ftr-330	661	41	adjusted	adjusted	ADJ
ftr-330	661	42	basis	basis	NOUN
ftr-330	661	43	at	at	ADP
ftr-330	661	44	the	the	DET
ftr-330	661	45	time	time	NOUN
ftr-330	661	46	of	of	ADP
ftr-330	661	47	the	the	DET
ftr-330	661	48	transfer	transfer	NOUN
ftr-330	661	49	.	.	PUNCT
ftr-330	662	1	thus	thus	ADV
ftr-330	662	2	,	,	PUNCT
ftr-330	662	3	in	in	ADP
ftr-330	662	4	taxable	taxable	ADJ
ftr-330	662	5	year	year	NOUN
ftr-330	662	6	2010	2010	NUM
ftr-330	662	7	,	,	PUNCT
ftr-330	662	8	b	b	X
ftr-330	662	9	corporation	corporation	NOUN
ftr-330	662	10	deducts	deduct	VERB
ftr-330	662	11	$	$	SYM
ftr-330	662	12	28.80	28.80	NUM
ftr-330	662	13	,	,	PUNCT
ftr-330	662	14	which	which	PRON
ftr-330	662	15	is	be	AUX
ftr-330	662	16	the	the	DET
ftr-330	662	17	depreciation	depreciation	NOUN
ftr-330	662	18	deduction	deduction	NOUN
ftr-330	662	19	that	that	PRON
ftr-330	662	20	would	would	AUX
ftr-330	662	21	have	have	AUX
ftr-330	662	22	been	be	AUX
ftr-330	662	23	available	available	ADJ
ftr-330	662	24	to	to	ADP
ftr-330	662	25	s	s	PROPN
ftr-330	662	26	corporation	corporation	NOUN
ftr-330	662	27	under	under	ADP
ftr-330	662	28	section	section	NOUN
ftr-330	662	29	168	168	NUM
ftr-330	662	30	.	.	PUNCT
ftr-330	663	1	in	in	ADP
ftr-330	663	2	addition	addition	NOUN
ftr-330	663	3	,	,	PUNCT
ftr-330	663	4	b	b	PRON
ftr-330	663	5	corporation	corporation	NOUN
ftr-330	663	6	is	be	AUX
ftr-330	663	7	permitted	permit	VERB
ftr-330	663	8	to	to	PART
ftr-330	663	9	recover	recover	VERB
ftr-330	663	10	its	its	PRON
ftr-330	663	11	remaining	remain	VERB
ftr-330	663	12	basis	basis	NOUN
ftr-330	663	13	as	as	SCONJ
ftr-330	663	14	if	if	SCONJ
ftr-330	663	15	the	the	DET
ftr-330	663	16	property	property	NOUN
ftr-330	663	17	were	be	AUX
ftr-330	663	18	new	new	ADJ
ftr-330	663	19	five	five	NUM
ftr-330	663	20	-	-	PUNCT
ftr-330	663	21	year	year	NOUN
ftr-330	663	22	property	property	NOUN
ftr-330	663	23	.	.	PUNCT
ftr-330	664	1	thus	thus	ADV
ftr-330	664	2	,	,	PUNCT
ftr-330	664	3	in	in	ADP
ftr-330	664	4	2010	2010	NUM
ftr-330	664	5	b	b	NOUN
ftr-330	664	6	corporation	corporation	NOUN
ftr-330	664	7	claims	claim	VERB
ftr-330	664	8	an	an	DET
ftr-330	664	9	additional	additional	ADJ
ftr-330	664	10	$	$	SYM
ftr-330	664	11	7.60	7.60	NUM
ftr-330	664	12	depreciation	depreciation	NOUN
ftr-330	664	13	deduction	deduction	NOUN
ftr-330	664	14	(	(	PUNCT
ftr-330	664	15	20	20	NUM
ftr-330	664	16	percent	percent	NOUN
ftr-330	664	17	of	of	ADP
ftr-330	664	18	adjusted	adjusted	ADJ
ftr-330	664	19	basis	basis	NOUN
ftr-330	664	20	of	of	ADP
ftr-330	664	21	$	$	SYM
ftr-330	664	22	38	38	NUM
ftr-330	664	23	,	,	PUNCT
ftr-330	664	24	applying	apply	VERB
ftr-330	664	25	the	the	DET
ftr-330	664	26	half	half	ADJ
ftr-330	664	27	-	-	PUNCT
ftr-330	664	28	year	year	NOUN
ftr-330	664	29	convention	convention	NOUN
ftr-330	664	30	as	as	SCONJ
ftr-330	664	31	if	if	SCONJ
ftr-330	664	32	the	the	DET
ftr-330	664	33	property	property	NOUN
ftr-330	664	34	were	be	AUX
ftr-330	664	35	new	new	ADJ
ftr-330	664	36	five	five	NUM
ftr-330	664	37	-	-	PUNCT
ftr-330	664	38	year	year	NOUN
ftr-330	664	39	property	property	NOUN
ftr-330	664	40	)	)	PUNCT
ftr-330	664	41	.	.	PUNCT
ftr-330	665	1	the	the	DET
ftr-330	665	2	additional	additional	ADJ
ftr-330	665	3	depreciation	depreciation	NOUN
ftr-330	665	4	deduction	deduction	NOUN
ftr-330	665	5	claimed	claim	VERB
ftr-330	665	6	by	by	ADP
ftr-330	665	7	b	b	PROPN
ftr-330	665	8	corporation	corporation	NOUN
ftr-330	665	9	requires	require	VERB
ftr-330	665	10	that	that	SCONJ
ftr-330	665	11	s	s	AUX
ftr-330	665	12	corporation	corporation	NOUN
ftr-330	665	13	take	take	VERB
ftr-330	665	14	into	into	ADP
ftr-330	665	15	account	account	NOUN
ftr-330	665	16	$	$	SYM
ftr-330	665	17	7.60	7.60	NUM
ftr-330	665	18	of	of	ADP
ftr-330	665	19	its	its	PRON
ftr-330	665	20	deferred	deferred	ADJ
ftr-330	665	21	intercompany	intercompany	NOUN
ftr-330	665	22	gain	gain	NOUN
ftr-330	665	23	in	in	ADP
ftr-330	665	24	2010	2010	NUM
ftr-330	665	25	.	.	PUNCT
ftr-330	666	1	in	in	ADP
ftr-330	666	2	2011	2011	NUM
ftr-330	666	3	,	,	PUNCT
ftr-330	666	4	b	b	X
ftr-330	666	5	corporation	corporation	NOUN
ftr-330	666	6	deducts	deduct	VERB
ftr-330	666	7	$	$	SYM
ftr-330	666	8	17.28	17.28	NUM
ftr-330	666	9	of	of	ADP
ftr-330	666	10	depreciation	depreciation	NOUN
ftr-330	666	11	with	with	ADP
ftr-330	666	12	respect	respect	NOUN
ftr-330	666	13	to	to	ADP
ftr-330	666	14	the	the	DET
ftr-330	666	15	basis	basis	NOUN
ftr-330	666	16	that	that	PRON
ftr-330	666	17	would	would	AUX
ftr-330	666	18	have	have	AUX
ftr-330	666	19	been	be	AUX
ftr-330	666	20	its	its	PRON
ftr-330	666	21	basis	basis	NOUN
ftr-330	666	22	had	have	AUX
ftr-330	666	23	it	it	PRON
ftr-330	666	24	taken	take	VERB
ftr-330	666	25	a	a	DET
ftr-330	666	26	transferred	transfer	VERB
ftr-330	666	27	basis	basis	NOUN
ftr-330	666	28	from	from	ADP
ftr-330	666	29	s	s	PROPN
ftr-330	666	30	corporation	corporation	NOUN
ftr-330	666	31	,	,	PUNCT
ftr-330	666	32	plus	plus	CCONJ
ftr-330	666	33	$	$	SYM
ftr-330	666	34	12.16	12.16	NUM
ftr-330	666	35	of	of	ADP
ftr-330	666	36	depreciation	depreciation	NOUN
ftr-330	666	37	based	base	VERB
ftr-330	666	38	on	on	ADP
ftr-330	666	39	its	its	PRON
ftr-330	666	40	$	$	SYM
ftr-330	666	41	28	28	NUM
ftr-330	666	42	basis	basis	NOUN
ftr-330	666	43	increase	increase	NOUN
ftr-330	666	44	from	from	ADP
ftr-330	666	45	the	the	DET
ftr-330	666	46	intercompany	intercompany	NOUN
ftr-330	666	47	transaction	transaction	NOUN
ftr-330	666	48	.	.	PUNCT
ftr-330	667	1	s	s	PART
ftr-330	667	2	corporation	corporation	NOUN
ftr-330	667	3	is	be	AUX
ftr-330	667	4	required	require	VERB
ftr-330	667	5	to	to	PART
ftr-330	667	6	take	take	VERB
ftr-330	667	7	into	into	ADP
ftr-330	667	8	account	account	NOUN
ftr-330	667	9	$	$	SYM
ftr-330	667	10	12.16	12.16	NUM
ftr-330	667	11	of	of	ADP
ftr-330	667	12	its	its	PRON
ftr-330	667	13	deferred	deferred	ADJ
ftr-330	667	14	intercompany	intercompany	NOUN
ftr-330	667	15	gain	gain	NOUN
ftr-330	667	16	in	in	ADP
ftr-330	667	17	2011.126	2011.126	NUM
ftr-330	667	18	under	under	ADP
ftr-330	667	19	the	the	DET
ftr-330	667	20	single	single	ADJ
ftr-330	667	21	entity	entity	NOUN
ftr-330	667	22	principle	principle	NOUN
ftr-330	667	23	,	,	PUNCT
ftr-330	667	24	which	which	PRON
ftr-330	667	25	treats	treat	VERB
ftr-330	667	26	s	s	PART
ftr-330	667	27	corporation	corporation	NOUN
ftr-330	667	28	and	and	CCONJ
ftr-330	667	29	b	b	PROPN
ftr-330	667	30	corporation	corporation	NOUN
ftr-330	667	31	as	as	ADP
ftr-330	667	32	divisions	division	NOUN
ftr-330	667	33	of	of	ADP
ftr-330	667	34	a	a	DET
ftr-330	667	35	single	single	ADJ
ftr-330	667	36	corporation	corporation	NOUN
ftr-330	667	37	,	,	PUNCT
ftr-330	667	38	the	the	DET
ftr-330	667	39	character	character	NOUN
ftr-330	667	40	of	of	ADP
ftr-330	667	41	s	s	PROPN
ftr-330	667	42	corporation	corporation	NOUN
ftr-330	667	43	’s	’s	PART
ftr-330	667	44	recognized	recognize	VERB
ftr-330	667	45	gain	gain	NOUN
ftr-330	667	46	will	will	AUX
ftr-330	667	47	reflect	reflect	VERB
ftr-330	667	48	the	the	DET
ftr-330	667	49	tax	tax	NOUN
ftr-330	667	50	consequence	consequence	NOUN
ftr-330	667	51	of	of	ADP
ftr-330	667	52	b	b	PROPN
ftr-330	667	53	corporation	corporation	NOUN
ftr-330	667	54	’s	’s	PART
ftr-330	667	55	depreciation.127	depreciation.127	NOUN
ftr-330	667	56	thus	thus	ADV
ftr-330	667	57	,	,	PUNCT
ftr-330	667	58	because	because	SCONJ
ftr-330	667	59	s	s	VERB
ftr-330	667	60	corporation	corporation	NOUN
ftr-330	667	61	’s	’s	PART
ftr-330	667	62	deferred	defer	VERB
ftr-330	667	63	gain	gain	NOUN
ftr-330	667	64	offsets	offset	VERB
ftr-330	667	65	b	b	X
ftr-330	667	66	corporation	corporation	NOUN
ftr-330	667	67	’s	’s	PART
ftr-330	667	68	increased	increase	VERB
ftr-330	667	69	depreciation	depreciation	NOUN
ftr-330	667	70	,	,	PUNCT
ftr-330	667	71	s	s	PART
ftr-330	667	72	corporation	corporation	NOUN
ftr-330	667	73	’s	’s	PART
ftr-330	667	74	gain	gain	NOUN
ftr-330	667	75	is	be	AUX
ftr-330	667	76	treated	treat	VERB
ftr-330	667	77	as	as	ADP
ftr-330	667	78	ordinary	ordinary	ADJ
ftr-330	667	79	income.128	income.128	NOUN
ftr-330	667	80	in	in	ADP
ftr-330	667	81	this	this	DET
ftr-330	667	82	fashion	fashion	NOUN
ftr-330	667	83	,	,	PUNCT
ftr-330	667	84	the	the	DET
ftr-330	667	85	regulations	regulation	NOUN
ftr-330	667	86	recognize	recognize	VERB
ftr-330	667	87	separate	separate	ADJ
ftr-330	667	88	entity	entity	NOUN
ftr-330	667	89	aspects	aspect	NOUN
ftr-330	667	90	of	of	ADP
ftr-330	667	91	the	the	DET
ftr-330	667	92	transaction	transaction	NOUN
ftr-330	667	93	as	as	SCONJ
ftr-330	667	94	reflected	reflect	VERB
ftr-330	667	95	in	in	ADP
ftr-330	667	96	b	b	PROPN
ftr-330	667	97	corporation	corporation	NOUN
ftr-330	667	98	’s	’s	PART
ftr-330	667	99	increased	increase	VERB
ftr-330	667	100	basis	basis	NOUN
ftr-330	667	101	and	and	CCONJ
ftr-330	667	102	depreciation	depreciation	NOUN
ftr-330	667	103	,	,	PUNCT
ftr-330	667	104	but	but	CCONJ
ftr-330	667	105	treat	treat	VERB
ftr-330	667	106	the	the	DET
ftr-330	667	107	overall	overall	ADJ
ftr-330	667	108	consequence	consequence	NOUN
ftr-330	667	109	to	to	ADP
ftr-330	667	110	consolidated	consolidate	VERB
ftr-330	667	111	taxable	taxable	ADJ
ftr-330	667	112	income	income	NOUN
ftr-330	667	113	as	as	SCONJ
ftr-330	667	114	though	though	SCONJ
ftr-330	667	115	the	the	DET
ftr-330	667	116	property	property	NOUN
ftr-330	667	117	were	be	AUX
ftr-330	667	118	transferred	transfer	VERB
ftr-330	667	119	between	between	ADP
ftr-330	667	120	divisions	division	NOUN
ftr-330	667	121	of	of	ADP
ftr-330	667	122	a	a	DET
ftr-330	667	123	single	single	ADJ
ftr-330	667	124	entity	entity	NOUN
ftr-330	667	125	through	through	ADP
ftr-330	667	126	the	the	DET
ftr-330	667	127	matching	matching	NOUN
ftr-330	667	128	of	of	ADP
ftr-330	667	129	b	b	PROPN
ftr-330	667	130	corporation	corporation	NOUN
ftr-330	667	131	’s	’s	PART
ftr-330	667	132	increased	increase	VERB
ftr-330	667	133	depreciation	depreciation	NOUN
ftr-330	667	134	deductions	deduction	NOUN
ftr-330	667	135	with	with	ADP
ftr-330	667	136	restoration	restoration	NOUN
ftr-330	667	137	of	of	ADP
ftr-330	667	138	s	s	PART
ftr-330	667	139	corporation	corporation	NOUN
ftr-330	667	140	’s	’s	PART
ftr-330	667	141	deferred	defer	VERB
ftr-330	667	142	intercompany	intercompany	NOUN
ftr-330	667	143	gain	gain	NOUN
ftr-330	667	144	.	.	PUNCT
ftr-330	668	1	126	126	NUM
ftr-330	668	2	.	.	PUNCT
ftr-330	669	1	reg	reg	NOUN
ftr-330	669	2	.	.	PUNCT
ftr-330	670	1	§	§	PROPN
ftr-330	670	2	1.1502–13(c)(7)(ii	1.1502–13(c)(7)(ii	NUM
ftr-330	670	3	)	)	PUNCT
ftr-330	670	4	,	,	PUNCT
ftr-330	670	5	ex.(4	ex.(4	NOUN
ftr-330	670	6	)	)	PUNCT
ftr-330	670	7	.	.	PUNCT
ftr-330	671	1	127	127	NUM
ftr-330	671	2	.	.	PUNCT
ftr-330	672	1	reg	reg	NOUN
ftr-330	672	2	.	.	PUNCT
ftr-330	673	1	§	§	PROPN
ftr-330	673	2	1.1502–13(c)(1)(i	1.1502–13(c)(1)(i	NUM
ftr-330	673	3	)	)	PUNCT
ftr-330	673	4	and	and	CCONJ
ftr-330	673	5	(	(	PUNCT
ftr-330	673	6	c)(4)(i	c)(4)(i	NOUN
ftr-330	673	7	)	)	PUNCT
ftr-330	673	8	.	.	PUNCT
ftr-330	674	1	128	128	X
ftr-330	674	2	.	.	PUNCT
ftr-330	675	1	see	see	VERB
ftr-330	675	2	also	also	ADV
ftr-330	675	3	reg	reg	ADJ
ftr-330	675	4	.	.	PUNCT
ftr-330	676	1	§	§	PROPN
ftr-330	676	2	1.1502–13(c)(7)(ii	1.1502–13(c)(7)(ii	NUM
ftr-330	676	3	)	)	PUNCT
ftr-330	676	4	,	,	PUNCT
ftr-330	676	5	ex.(4)(d	ex.(4)(d	PROPN
ftr-330	676	6	)	)	PUNCT
ftr-330	676	7	.	.	PUNCT
ftr-330	677	1	158	158	NUM
ftr-330	677	2	florida	florida	PROPN
ftr-330	677	3	tax	tax	NOUN
ftr-330	677	4	review	review	NOUN
ftr-330	678	1	[	[	X
ftr-330	678	2	vol	vol	NOUN
ftr-330	678	3	.	.	PUNCT
ftr-330	678	4	12:3	12:3	NUM
ftr-330	678	5	if	if	SCONJ
ftr-330	678	6	,	,	PUNCT
ftr-330	678	7	on	on	ADP
ftr-330	678	8	the	the	DET
ftr-330	678	9	first	first	ADJ
ftr-330	678	10	day	day	NOUN
ftr-330	678	11	of	of	ADP
ftr-330	678	12	its	its	PRON
ftr-330	678	13	2012	2012	NUM
ftr-330	678	14	taxable	taxable	ADJ
ftr-330	678	15	year	year	NOUN
ftr-330	678	16	,	,	PUNCT
ftr-330	678	17	b	b	PROPN
ftr-330	678	18	corporation	corporation	NOUN
ftr-330	678	19	sells	sell	VERB
ftr-330	678	20	the	the	DET
ftr-330	678	21	property	property	NOUN
ftr-330	678	22	to	to	ADP
ftr-330	678	23	x	x	PART
ftr-330	678	24	corporation	corporation	NOUN
ftr-330	678	25	,	,	PUNCT
ftr-330	678	26	which	which	PRON
ftr-330	678	27	is	be	AUX
ftr-330	678	28	not	not	PART
ftr-330	678	29	a	a	DET
ftr-330	678	30	member	member	NOUN
ftr-330	678	31	of	of	ADP
ftr-330	678	32	the	the	DET
ftr-330	678	33	s	s	PROPN
ftr-330	678	34	–	–	PUNCT
ftr-330	678	35	b	b	NOUN
ftr-330	678	36	consolidated	consolidated	ADJ
ftr-330	678	37	group	group	NOUN
ftr-330	678	38	,	,	PUNCT
ftr-330	678	39	for	for	ADP
ftr-330	678	40	$	$	SYM
ftr-330	678	41	120	120	NUM
ftr-330	678	42	payable	payable	ADJ
ftr-330	678	43	in	in	ADP
ftr-330	678	44	two	two	NUM
ftr-330	678	45	annual	annual	ADJ
ftr-330	678	46	installments	installment	NOUN
ftr-330	678	47	with	with	ADP
ftr-330	678	48	adequate	adequate	ADJ
ftr-330	678	49	interest	interest	NOUN
ftr-330	678	50	,	,	PUNCT
ftr-330	678	51	both	both	PRON
ftr-330	678	52	b	b	X
ftr-330	678	53	corporation	corporation	NOUN
ftr-330	678	54	and	and	CCONJ
ftr-330	678	55	s	s	PROPN
ftr-330	678	56	corporation	corporation	NOUN
ftr-330	678	57	must	must	AUX
ftr-330	678	58	account	account	VERB
ftr-330	678	59	for	for	ADP
ftr-330	678	60	recognized	recognize	VERB
ftr-330	678	61	gain	gain	NOUN
ftr-330	678	62	.	.	PUNCT
ftr-330	679	1	b	b	X
ftr-330	679	2	corporation	corporation	NOUN
ftr-330	679	3	recognizes	recognize	VERB
ftr-330	679	4	gain	gain	NOUN
ftr-330	679	5	of	of	ADP
ftr-330	679	6	$	$	SYM
ftr-330	679	7	75.84	75.84	NUM
ftr-330	679	8	(	(	PUNCT
ftr-330	679	9	$	$	SYM
ftr-330	679	10	120	120	NUM
ftr-330	679	11	−	−	NOUN
ftr-330	679	12	$	$	SYM
ftr-330	679	13	44.16).129	44.16).129	NUM
ftr-330	679	14	as	as	ADP
ftr-330	679	15	a	a	DET
ftr-330	679	16	consequence	consequence	NOUN
ftr-330	679	17	of	of	ADP
ftr-330	679	18	b	b	PROPN
ftr-330	679	19	corporation	corporation	NOUN
ftr-330	679	20	’s	’s	PART
ftr-330	679	21	sale	sale	NOUN
ftr-330	679	22	,	,	PUNCT
ftr-330	679	23	s	s	PART
ftr-330	679	24	corporation	corporation	NOUN
ftr-330	679	25	must	must	AUX
ftr-330	679	26	also	also	ADV
ftr-330	679	27	recognize	recognize	VERB
ftr-330	679	28	recapture	recapture	NOUN
ftr-330	679	29	gain	gain	NOUN
ftr-330	679	30	.	.	PUNCT
ftr-330	680	1	if	if	SCONJ
ftr-330	680	2	s	s	PROPN
ftr-330	680	3	and	and	CCONJ
ftr-330	680	4	b	b	NOUN
ftr-330	680	5	corporations	corporation	NOUN
ftr-330	680	6	were	be	AUX
ftr-330	680	7	divisions	division	NOUN
ftr-330	680	8	of	of	ADP
ftr-330	680	9	a	a	DET
ftr-330	680	10	single	single	ADJ
ftr-330	680	11	entity	entity	NOUN
ftr-330	680	12	,	,	PUNCT
ftr-330	680	13	on	on	ADP
ftr-330	680	14	its	its	PRON
ftr-330	680	15	2012	2012	NUM
ftr-330	680	16	sale	sale	NOUN
ftr-330	680	17	of	of	ADP
ftr-330	680	18	the	the	DET
ftr-330	680	19	property	property	NOUN
ftr-330	680	20	the	the	DET
ftr-330	680	21	corporation	corporation	NOUN
ftr-330	680	22	would	would	AUX
ftr-330	680	23	have	have	AUX
ftr-330	680	24	realized	realize	VERB
ftr-330	680	25	$	$	SYM
ftr-330	680	26	94.08	94.08	NUM
ftr-330	680	27	of	of	ADP
ftr-330	680	28	gain	gain	NOUN
ftr-330	680	29	,	,	PUNCT
ftr-330	680	30	determined	determine	VERB
ftr-330	680	31	by	by	ADP
ftr-330	680	32	subtracting	subtract	VERB
ftr-330	680	33	from	from	ADP
ftr-330	680	34	the	the	DET
ftr-330	680	35	$	$	SYM
ftr-330	680	36	120	120	NUM
ftr-330	680	37	amount	amount	NOUN
ftr-330	680	38	realized	realize	VERB
ftr-330	680	39	an	an	DET
ftr-330	680	40	adjusted	adjusted	ADJ
ftr-330	680	41	basis	basis	NOUN
ftr-330	680	42	of	of	ADP
ftr-330	680	43	$	$	SYM
ftr-330	680	44	25.92	25.92	NUM
ftr-330	680	45	computed	compute	VERB
ftr-330	680	46	without	without	ADP
ftr-330	680	47	regard	regard	NOUN
ftr-330	680	48	to	to	ADP
ftr-330	680	49	b	b	PROPN
ftr-330	680	50	corporation	corporation	NOUN
ftr-330	680	51	’s	’s	PART
ftr-330	680	52	purchase	purchase	NOUN
ftr-330	680	53	from	from	ADP
ftr-330	680	54	s	s	PROPN
ftr-330	680	55	corporation	corporation	NOUN
ftr-330	680	56	(	(	PUNCT
ftr-330	680	57	$	$	SYM
ftr-330	680	58	150	150	NUM
ftr-330	680	59	original	original	ADJ
ftr-330	680	60	cost	cost	NOUN
ftr-330	680	61	less	less	ADJ
ftr-330	680	62	four	four	NUM
ftr-330	680	63	year	year	NOUN
ftr-330	680	64	’s	’s	PART
ftr-330	680	65	capital	capital	NOUN
ftr-330	680	66	recovery	recovery	NOUN
ftr-330	680	67	deductions	deduction	NOUN
ftr-330	680	68	totaling	total	VERB
ftr-330	680	69	$	$	SYM
ftr-330	680	70	94.08	94.08	NUM
ftr-330	680	71	)	)	PUNCT
ftr-330	680	72	.	.	PUNCT
ftr-330	681	1	the	the	DET
ftr-330	681	2	difference	difference	NOUN
ftr-330	681	3	between	between	ADP
ftr-330	681	4	the	the	DET
ftr-330	681	5	gain	gain	NOUN
ftr-330	681	6	recognized	recognize	VERB
ftr-330	681	7	on	on	ADP
ftr-330	681	8	a	a	DET
ftr-330	681	9	single	single	ADJ
ftr-330	681	10	entity	entity	NOUN
ftr-330	681	11	basis	basis	NOUN
ftr-330	681	12	and	and	CCONJ
ftr-330	681	13	the	the	DET
ftr-330	681	14	gain	gain	NOUN
ftr-330	681	15	recognized	recognize	VERB
ftr-330	681	16	by	by	ADP
ftr-330	681	17	b	b	PROPN
ftr-330	681	18	corporation	corporation	NOUN
ftr-330	681	19	as	as	ADP
ftr-330	681	20	a	a	DET
ftr-330	681	21	separate	separate	ADJ
ftr-330	681	22	entity	entity	NOUN
ftr-330	681	23	,	,	PUNCT
ftr-330	681	24	$	$	SYM
ftr-330	681	25	18.24	18.24	NUM
ftr-330	681	26	(	(	PUNCT
ftr-330	681	27	$	$	SYM
ftr-330	681	28	94.08	94.08	NUM
ftr-330	681	29	–	–	PUNCT
ftr-330	681	30	$	$	SYM
ftr-330	681	31	75.84	75.84	NUM
ftr-330	681	32	)	)	PUNCT
ftr-330	681	33	,	,	PUNCT
ftr-330	681	34	is	be	AUX
ftr-330	681	35	b	b	PROPN
ftr-330	681	36	corporation	corporation	NOUN
ftr-330	681	37	’s	’s	PART
ftr-330	681	38	“	"	PUNCT
ftr-330	681	39	recomputed	recompute	VERB
ftr-330	681	40	corresponding	corresponding	ADJ
ftr-330	681	41	item	item	NOUN
ftr-330	681	42	,	,	PUNCT
ftr-330	681	43	”	"	PUNCT
ftr-330	681	44	which	which	PRON
ftr-330	681	45	must	must	AUX
ftr-330	681	46	be	be	AUX
ftr-330	681	47	accounted	account	VERB
ftr-330	681	48	for	for	ADP
ftr-330	681	49	by	by	ADP
ftr-330	681	50	s	s	PART
ftr-330	681	51	corporation	corporation	NOUN
ftr-330	681	52	at	at	ADP
ftr-330	681	53	the	the	DET
ftr-330	681	54	time	time	NOUN
ftr-330	681	55	of	of	ADP
ftr-330	681	56	b	b	PROPN
ftr-330	681	57	corporation	corporation	NOUN
ftr-330	681	58	’s	’s	PART
ftr-330	681	59	disposition.130	disposition.130	NOUN
ftr-330	681	60	as	as	ADP
ftr-330	681	61	a	a	DET
ftr-330	681	62	consequence	consequence	NOUN
ftr-330	681	63	,	,	PUNCT
ftr-330	681	64	the	the	DET
ftr-330	681	65	consolidated	consolidated	ADJ
ftr-330	681	66	taxable	taxable	ADJ
ftr-330	681	67	income	income	NOUN
ftr-330	681	68	of	of	ADP
ftr-330	681	69	the	the	DET
ftr-330	681	70	group	group	NOUN
ftr-330	681	71	reflects	reflect	VERB
ftr-330	681	72	the	the	DET
ftr-330	681	73	tax	tax	NOUN
ftr-330	681	74	consequence	consequence	NOUN
ftr-330	681	75	of	of	ADP
ftr-330	681	76	the	the	DET
ftr-330	681	77	sale	sale	NOUN
ftr-330	681	78	of	of	ADP
ftr-330	681	79	the	the	DET
ftr-330	681	80	property	property	NOUN
ftr-330	681	81	on	on	ADP
ftr-330	681	82	a	a	DET
ftr-330	681	83	single	single	ADJ
ftr-330	681	84	entity	entity	NOUN
ftr-330	681	85	basis	basis	NOUN
ftr-330	681	86	;	;	PUNCT
ftr-330	681	87	s	s	VERB
ftr-330	681	88	corporation	corporation	NOUN
ftr-330	681	89	’s	’s	PART
ftr-330	681	90	gain	gain	NOUN
ftr-330	681	91	of	of	ADP
ftr-330	681	92	$	$	SYM
ftr-330	681	93	18.24	18.24	NUM
ftr-330	681	94	plus	plus	CCONJ
ftr-330	681	95	b	b	PROPN
ftr-330	681	96	corporation	corporation	NOUN
ftr-330	681	97	’s	’s	PART
ftr-330	681	98	gain	gain	NOUN
ftr-330	681	99	of	of	ADP
ftr-330	681	100	$	$	SYM
ftr-330	681	101	75.84	75.84	NUM
ftr-330	681	102	is	be	AUX
ftr-330	681	103	the	the	DET
ftr-330	681	104	equivalent	equivalent	NOUN
ftr-330	681	105	of	of	ADP
ftr-330	681	106	the	the	DET
ftr-330	681	107	gain	gain	NOUN
ftr-330	681	108	that	that	PRON
ftr-330	681	109	would	would	AUX
ftr-330	681	110	have	have	AUX
ftr-330	681	111	been	be	AUX
ftr-330	681	112	recognized	recognize	VERB
ftr-330	681	113	on	on	ADP
ftr-330	681	114	the	the	DET
ftr-330	681	115	sale	sale	NOUN
ftr-330	681	116	of	of	ADP
ftr-330	681	117	the	the	DET
ftr-330	681	118	property	property	NOUN
ftr-330	681	119	outside	outside	ADP
ftr-330	681	120	of	of	ADP
ftr-330	681	121	the	the	DET
ftr-330	681	122	group	group	NOUN
ftr-330	681	123	without	without	ADP
ftr-330	681	124	the	the	DET
ftr-330	681	125	intervention	intervention	NOUN
ftr-330	681	126	of	of	ADP
ftr-330	681	127	the	the	DET
ftr-330	681	128	intercompany	intercompany	NOUN
ftr-330	681	129	sale	sale	NOUN
ftr-330	681	130	from	from	ADP
ftr-330	681	131	s	s	PROPN
ftr-330	681	132	corporation	corporation	NOUN
ftr-330	681	133	to	to	ADP
ftr-330	681	134	b	b	PROPN
ftr-330	681	135	corporation	corporation	NOUN
ftr-330	681	136	.	.	PUNCT
ftr-330	682	1	continuing	continue	VERB
ftr-330	682	2	with	with	ADP
ftr-330	682	3	the	the	DET
ftr-330	682	4	single	single	ADJ
ftr-330	682	5	entity	entity	NOUN
ftr-330	682	6	model	model	NOUN
ftr-330	682	7	,	,	PUNCT
ftr-330	682	8	because	because	SCONJ
ftr-330	682	9	all	all	PRON
ftr-330	682	10	of	of	ADP
ftr-330	682	11	the	the	DET
ftr-330	682	12	gain	gain	NOUN
ftr-330	682	13	recognized	recognize	VERB
ftr-330	682	14	on	on	ADP
ftr-330	682	15	disposition	disposition	NOUN
ftr-330	682	16	of	of	ADP
ftr-330	682	17	the	the	DET
ftr-330	682	18	property	property	NOUN
ftr-330	682	19	would	would	AUX
ftr-330	682	20	have	have	AUX
ftr-330	682	21	been	be	AUX
ftr-330	682	22	recaptured	recapture	VERB
ftr-330	682	23	as	as	ADP
ftr-330	682	24	ordinary	ordinary	ADJ
ftr-330	682	25	income	income	NOUN
ftr-330	682	26	under	under	ADP
ftr-330	682	27	section	section	NOUN
ftr-330	682	28	1245	1245	NUM
ftr-330	682	29	,	,	PUNCT
ftr-330	682	30	the	the	DET
ftr-330	682	31	gain	gain	NOUN
ftr-330	682	32	recognized	recognize	VERB
ftr-330	682	33	by	by	ADP
ftr-330	682	34	both	both	DET
ftr-330	682	35	s	s	PART
ftr-330	682	36	corporation	corporation	NOUN
ftr-330	682	37	and	and	CCONJ
ftr-330	682	38	b	b	PROPN
ftr-330	682	39	corporation	corporation	NOUN
ftr-330	682	40	is	be	AUX
ftr-330	682	41	treated	treat	VERB
ftr-330	682	42	as	as	ADP
ftr-330	682	43	ordinary	ordinary	ADJ
ftr-330	682	44	gain.131	gain.131	PROPN
ftr-330	682	45	under	under	ADP
ftr-330	682	46	section	section	NOUN
ftr-330	682	47	453(i	453(i	PROPN
ftr-330	682	48	)	)	PUNCT
ftr-330	682	49	none	none	NOUN
ftr-330	682	50	of	of	ADP
ftr-330	682	51	the	the	DET
ftr-330	682	52	gain	gain	NOUN
ftr-330	682	53	is	be	AUX
ftr-330	682	54	eligible	eligible	ADJ
ftr-330	682	55	for	for	ADP
ftr-330	682	56	installment	installment	NOUN
ftr-330	682	57	reporting	reporting	NOUN
ftr-330	682	58	.	.	PUNCT
ftr-330	683	1	if	if	SCONJ
ftr-330	683	2	b	b	PROPN
ftr-330	683	3	corporation	corporation	NOUN
ftr-330	683	4	had	have	AUX
ftr-330	683	5	sold	sell	VERB
ftr-330	683	6	the	the	DET
ftr-330	683	7	property	property	NOUN
ftr-330	683	8	to	to	ADP
ftr-330	683	9	x	x	PUNCT
ftr-330	683	10	for	for	ADP
ftr-330	683	11	$	$	SYM
ftr-330	683	12	160	160	NUM
ftr-330	683	13	,	,	PUNCT
ftr-330	683	14	an	an	DET
ftr-330	683	15	amount	amount	NOUN
ftr-330	683	16	that	that	PRON
ftr-330	683	17	would	would	AUX
ftr-330	683	18	have	have	AUX
ftr-330	683	19	produced	produce	VERB
ftr-330	683	20	$	$	SYM
ftr-330	683	21	10	10	NUM
ftr-330	683	22	of	of	ADP
ftr-330	683	23	section	section	NOUN
ftr-330	683	24	1231	1231	NUM
ftr-330	683	25	gain	gain	NOUN
ftr-330	683	26	in	in	ADP
ftr-330	683	27	addition	addition	NOUN
ftr-330	683	28	to	to	ADP
ftr-330	683	29	depreciation	depreciation	NOUN
ftr-330	683	30	recapture	recapture	NOUN
ftr-330	683	31	,	,	PUNCT
ftr-330	683	32	b	b	PROPN
ftr-330	683	33	corporation	corporation	NOUN
ftr-330	683	34	would	would	AUX
ftr-330	683	35	have	have	AUX
ftr-330	683	36	been	be	AUX
ftr-330	683	37	eligible	eligible	ADJ
ftr-330	683	38	to	to	PART
ftr-330	683	39	report	report	VERB
ftr-330	683	40	$	$	SYM
ftr-330	683	41	5	5	NUM
ftr-330	683	42	of	of	ADP
ftr-330	683	43	its	its	PRON
ftr-330	683	44	gain	gain	NOUN
ftr-330	683	45	under	under	ADP
ftr-330	683	46	the	the	DET
ftr-330	683	47	section	section	NOUN
ftr-330	683	48	453	453	NUM
ftr-330	683	49	installment	installment	NOUN
ftr-330	683	50	method	method	NOUN
ftr-330	683	51	in	in	ADP
ftr-330	683	52	each	each	PRON
ftr-330	683	53	of	of	ADP
ftr-330	683	54	the	the	DET
ftr-330	683	55	two	two	NUM
ftr-330	683	56	years	year	NOUN
ftr-330	683	57	payments	payment	NOUN
ftr-330	683	58	are	be	AUX
ftr-330	683	59	received	receive	VERB
ftr-330	683	60	from	from	ADP
ftr-330	683	61	x.	x.	PROPN
ftr-330	683	62	s	s	PART
ftr-330	683	63	corporation	corporation	NOUN
ftr-330	683	64	’s	’s	PART
ftr-330	683	65	deferred	defer	VERB
ftr-330	683	66	gain	gain	NOUN
ftr-330	683	67	accounted	account	VERB
ftr-330	683	68	for	for	ADP
ftr-330	683	69	in	in	ADP
ftr-330	683	70	the	the	DET
ftr-330	683	71	year	year	NOUN
ftr-330	683	72	of	of	ADP
ftr-330	683	73	sale	sale	NOUN
ftr-330	683	74	would	would	AUX
ftr-330	683	75	not	not	PART
ftr-330	683	76	have	have	AUX
ftr-330	683	77	been	be	AUX
ftr-330	683	78	eligible	eligible	ADJ
ftr-330	683	79	for	for	ADP
ftr-330	683	80	installment	installment	NOUN
ftr-330	683	81	reporting	reporting	NOUN
ftr-330	683	82	,	,	PUNCT
ftr-330	683	83	however	however	ADV
ftr-330	683	84	,	,	PUNCT
ftr-330	683	85	because	because	SCONJ
ftr-330	683	86	all	all	PRON
ftr-330	683	87	of	of	ADP
ftr-330	683	88	s	s	PART
ftr-330	683	89	corporation	corporation	NOUN
ftr-330	683	90	’s	’s	PART
ftr-330	683	91	deferred	defer	VERB
ftr-330	683	92	gain	gain	NOUN
ftr-330	683	93	on	on	ADP
ftr-330	683	94	its	its	PRON
ftr-330	683	95	intercompany	intercompany	NOUN
ftr-330	683	96	sale	sale	NOUN
ftr-330	683	97	to	to	ADP
ftr-330	683	98	b	b	PROPN
ftr-330	683	99	corporation	corporation	NOUN
ftr-330	683	100	is	be	AUX
ftr-330	683	101	section	section	NOUN
ftr-330	683	102	1245	1245	NUM
ftr-330	683	103	ordinary	ordinary	ADJ
ftr-330	683	104	income	income	NOUN
ftr-330	683	105	recapture	recapture	NOUN
ftr-330	683	106	gain.132	gain.132	NUM
ftr-330	683	107	129	129	NUM
ftr-330	683	108	.	.	PUNCT
ftr-330	684	1	b	b	X
ftr-330	684	2	corporation	corporation	NOUN
ftr-330	684	3	’s	’s	PART
ftr-330	684	4	adjusted	adjust	VERB
ftr-330	684	5	basis	basis	NOUN
ftr-330	684	6	is	be	AUX
ftr-330	684	7	its	its	PRON
ftr-330	684	8	$	$	SYM
ftr-330	684	9	110	110	NUM
ftr-330	684	10	purchase	purchase	NOUN
ftr-330	684	11	price	price	NOUN
ftr-330	684	12	minus	minus	CCONJ
ftr-330	684	13	$	$	SYM
ftr-330	684	14	65.84	65.84	NUM
ftr-330	684	15	of	of	ADP
ftr-330	684	16	depreciation	depreciation	NOUN
ftr-330	684	17	for	for	ADP
ftr-330	684	18	2010	2010	NUM
ftr-330	684	19	and	and	CCONJ
ftr-330	684	20	2011	2011	NUM
ftr-330	684	21	.	.	PUNCT
ftr-330	685	1	130	130	NUM
ftr-330	685	2	.	.	PUNCT
ftr-330	686	1	the	the	DET
ftr-330	686	2	recomputed	recompute	VERB
ftr-330	686	3	corresponding	correspond	VERB
ftr-330	686	4	item	item	NOUN
ftr-330	686	5	is	be	AUX
ftr-330	686	6	equivalent	equivalent	ADJ
ftr-330	686	7	to	to	ADP
ftr-330	686	8	s	s	PRON
ftr-330	686	9	’s	’s	PART
ftr-330	686	10	deferred	defer	VERB
ftr-330	686	11	gain	gain	NOUN
ftr-330	686	12	of	of	ADP
ftr-330	686	13	$	$	SYM
ftr-330	686	14	38	38	NUM
ftr-330	686	15	less	less	ADJ
ftr-330	686	16	gain	gain	NOUN
ftr-330	686	17	recognized	recognize	VERB
ftr-330	686	18	by	by	ADP
ftr-330	686	19	s	s	PART
ftr-330	686	20	corporation	corporation	NOUN
ftr-330	686	21	in	in	ADP
ftr-330	686	22	2010	2010	NUM
ftr-330	686	23	and	and	CCONJ
ftr-330	686	24	2011	2011	NUM
ftr-330	686	25	as	as	SCONJ
ftr-330	686	26	b	b	PROPN
ftr-330	686	27	corporation	corporation	NOUN
ftr-330	686	28	claimed	claim	VERB
ftr-330	686	29	increased	increase	VERB
ftr-330	686	30	capital	capital	NOUN
ftr-330	686	31	recovery	recovery	NOUN
ftr-330	686	32	deductions	deduction	NOUN
ftr-330	686	33	.	.	PUNCT
ftr-330	687	1	131	131	X
ftr-330	687	2	.	.	PUNCT
ftr-330	687	3	reg	reg	NOUN
ftr-330	687	4	.	.	PUNCT
ftr-330	688	1	§	§	PROPN
ftr-330	688	2	1.1502–13(c)(1)(i	1.1502–13(c)(1)(i	NUM
ftr-330	688	3	)	)	PUNCT
ftr-330	688	4	.	.	PUNCT
ftr-330	689	1	132	132	NUM
ftr-330	689	2	.	.	X
ftr-330	689	3	reg	reg	NOUN
ftr-330	689	4	.	.	PUNCT
ftr-330	690	1	§	§	PROPN
ftr-330	690	2	1.1502–13(c)(7)(ii	1.1502–13(c)(7)(ii	NUM
ftr-330	690	3	)	)	PUNCT
ftr-330	690	4	,	,	PUNCT
ftr-330	690	5	ex	ex	NOUN
ftr-330	690	6	.	.	NOUN
ftr-330	690	7	5(f	5(f	NUM
ftr-330	690	8	)	)	PUNCT
ftr-330	690	9	.	.	PUNCT
ftr-330	691	1	in	in	ADP
ftr-330	691	2	the	the	DET
ftr-330	691	3	case	case	NOUN
ftr-330	691	4	of	of	ADP
ftr-330	691	5	an	an	DET
ftr-330	691	6	installment	installment	NOUN
ftr-330	691	7	sale	sale	NOUN
ftr-330	691	8	reported	report	VERB
ftr-330	691	9	under	under	ADP
ftr-330	691	10	section	section	NOUN
ftr-330	691	11	453	453	NUM
ftr-330	691	12	,	,	PUNCT
ftr-330	691	13	the	the	DET
ftr-330	691	14	regulation	regulation	NOUN
ftr-330	691	15	also	also	ADV
ftr-330	691	16	provides	provide	VERB
ftr-330	691	17	that	that	DET
ftr-330	691	18	b	b	NOUN
ftr-330	691	19	and	and	CCONJ
ftr-330	691	20	s	s	PROPN
ftr-330	691	21	must	must	AUX
ftr-330	691	22	account	account	VERB
ftr-330	691	23	for	for	ADP
ftr-330	691	24	the	the	DET
ftr-330	691	25	interest	interest	NOUN
ftr-330	691	26	charge	charge	NOUN
ftr-330	691	27	of	of	ADP
ftr-330	691	28	section	section	NOUN
ftr-330	691	29	453a	453a	PROPN
ftr-330	691	30	on	on	ADP
ftr-330	691	31	gains	gain	NOUN
ftr-330	691	32	deferred	defer	VERB
ftr-330	691	33	under	under	ADP
ftr-330	691	34	the	the	DET
ftr-330	691	35	installment	installment	NOUN
ftr-330	691	36	2012	2012	NUM
ftr-330	691	37	]	]	PUNCT
ftr-330	691	38	understanding	understand	VERB
ftr-330	691	39	consolidated	consolidated	ADJ
ftr-330	691	40	returns	return	NOUN
ftr-330	691	41	159	159	NUM
ftr-330	691	42	3	3	NUM
ftr-330	691	43	.	.	PUNCT
ftr-330	691	44	acceleration	acceleration	NOUN
ftr-330	691	45	of	of	ADP
ftr-330	691	46	deferred	defer	VERB
ftr-330	691	47	gains	gain	NOUN
ftr-330	691	48	and	and	CCONJ
ftr-330	691	49	losses	loss	NOUN
ftr-330	691	50	under	under	ADP
ftr-330	691	51	the	the	DET
ftr-330	691	52	acceleration	acceleration	NOUN
ftr-330	691	53	rule	rule	NOUN
ftr-330	691	54	,	,	PUNCT
ftr-330	691	55	the	the	DET
ftr-330	691	56	presence	presence	NOUN
ftr-330	691	57	of	of	ADP
ftr-330	691	58	deferred	defer	VERB
ftr-330	691	59	intercompany	intercompany	NOUN
ftr-330	691	60	gain	gain	NOUN
ftr-330	691	61	or	or	CCONJ
ftr-330	691	62	loss	loss	NOUN
ftr-330	691	63	within	within	ADP
ftr-330	691	64	the	the	DET
ftr-330	691	65	consolidated	consolidated	ADJ
ftr-330	691	66	group	group	NOUN
ftr-330	691	67	will	will	AUX
ftr-330	691	68	also	also	ADV
ftr-330	691	69	affect	affect	VERB
ftr-330	691	70	transactions	transaction	NOUN
ftr-330	691	71	involving	involve	VERB
ftr-330	691	72	the	the	DET
ftr-330	691	73	stock	stock	NOUN
ftr-330	691	74	of	of	ADP
ftr-330	691	75	subsidiaries	subsidiary	NOUN
ftr-330	691	76	.	.	PUNCT
ftr-330	692	1	the	the	DET
ftr-330	692	2	regulations	regulation	NOUN
ftr-330	692	3	address	address	VERB
ftr-330	692	4	stock	stock	NOUN
ftr-330	692	5	transactions	transaction	NOUN
ftr-330	692	6	by	by	ADP
ftr-330	692	7	requiring	require	VERB
ftr-330	692	8	“	"	PUNCT
ftr-330	692	9	acceleration	acceleration	NOUN
ftr-330	692	10	”	"	PUNCT
ftr-330	692	11	of	of	ADP
ftr-330	692	12	deferred	defer	VERB
ftr-330	692	13	intercompany	intercompany	NOUN
ftr-330	692	14	items	item	NOUN
ftr-330	692	15	in	in	ADP
ftr-330	692	16	the	the	DET
ftr-330	692	17	case	case	NOUN
ftr-330	692	18	of	of	ADP
ftr-330	692	19	an	an	DET
ftr-330	692	20	event	event	NOUN
ftr-330	692	21	that	that	PRON
ftr-330	692	22	prevents	prevent	VERB
ftr-330	692	23	accounting	account	VERB
ftr-330	692	24	for	for	ADP
ftr-330	692	25	an	an	DET
ftr-330	692	26	item	item	NOUN
ftr-330	692	27	under	under	ADP
ftr-330	692	28	the	the	DET
ftr-330	692	29	matching	matching	NOUN
ftr-330	692	30	rules.133	rules.133	NOUN
ftr-330	692	31	for	for	ADP
ftr-330	692	32	example	example	NOUN
ftr-330	692	33	,	,	PUNCT
ftr-330	692	34	if	if	SCONJ
ftr-330	692	35	either	either	CCONJ
ftr-330	692	36	the	the	DET
ftr-330	692	37	selling	selling	NOUN
ftr-330	692	38	or	or	CCONJ
ftr-330	692	39	buying	buy	VERB
ftr-330	692	40	member	member	NOUN
ftr-330	692	41	leaves	leave	VERB
ftr-330	692	42	the	the	DET
ftr-330	692	43	consolidated	consolidated	ADJ
ftr-330	692	44	group	group	NOUN
ftr-330	692	45	,	,	PUNCT
ftr-330	692	46	it	it	PRON
ftr-330	692	47	is	be	AUX
ftr-330	692	48	no	no	ADV
ftr-330	692	49	longer	long	ADV
ftr-330	692	50	possible	possible	ADJ
ftr-330	692	51	to	to	PART
ftr-330	692	52	match	match	VERB
ftr-330	692	53	the	the	DET
ftr-330	692	54	selling	selling	NOUN
ftr-330	692	55	member	member	NOUN
ftr-330	692	56	’s	’s	PART
ftr-330	692	57	deferred	defer	VERB
ftr-330	692	58	gain	gain	NOUN
ftr-330	692	59	or	or	CCONJ
ftr-330	692	60	loss	loss	NOUN
ftr-330	692	61	with	with	ADP
ftr-330	692	62	the	the	DET
ftr-330	692	63	buying	buying	NOUN
ftr-330	692	64	member	member	NOUN
ftr-330	692	65	’s	’s	PART
ftr-330	692	66	subsequent	subsequent	ADJ
ftr-330	692	67	accounting	accounting	NOUN
ftr-330	692	68	for	for	ADP
ftr-330	692	69	its	its	PRON
ftr-330	692	70	corresponding	correspond	VERB
ftr-330	692	71	item	item	NOUN
ftr-330	692	72	.	.	PUNCT
ftr-330	693	1	thus	thus	ADV
ftr-330	693	2	,	,	PUNCT
ftr-330	693	3	if	if	SCONJ
ftr-330	693	4	either	either	DET
ftr-330	693	5	member	member	NOUN
ftr-330	693	6	ceases	cease	VERB
ftr-330	693	7	to	to	PART
ftr-330	693	8	be	be	AUX
ftr-330	693	9	a	a	DET
ftr-330	693	10	member	member	NOUN
ftr-330	693	11	of	of	ADP
ftr-330	693	12	the	the	DET
ftr-330	693	13	consolidated	consolidated	ADJ
ftr-330	693	14	group	group	NOUN
ftr-330	693	15	,	,	PUNCT
ftr-330	693	16	the	the	DET
ftr-330	693	17	selling	sell	VERB
ftr-330	693	18	member	member	NOUN
ftr-330	693	19	generally	generally	ADV
ftr-330	693	20	is	be	AUX
ftr-330	693	21	required	require	VERB
ftr-330	693	22	to	to	PART
ftr-330	693	23	account	account	VERB
ftr-330	693	24	for	for	ADP
ftr-330	693	25	its	its	PRON
ftr-330	693	26	deferred	deferred	ADJ
ftr-330	693	27	gain	gain	NOUN
ftr-330	693	28	or	or	CCONJ
ftr-330	693	29	loss.134	loss.134	NOUN
ftr-330	693	30	in	in	ADP
ftr-330	693	31	the	the	DET
ftr-330	693	32	first	first	ADJ
ftr-330	693	33	example	example	NOUN
ftr-330	693	34	above	above	ADP
ftr-330	693	35	,	,	PUNCT
ftr-330	693	36	where	where	SCONJ
ftr-330	693	37	s	s	VERB
ftr-330	693	38	corporation	corporation	NOUN
ftr-330	693	39	sold	sell	VERB
ftr-330	693	40	investment	investment	NOUN
ftr-330	693	41	property	property	NOUN
ftr-330	693	42	with	with	ADP
ftr-330	693	43	a	a	DET
ftr-330	693	44	$	$	SYM
ftr-330	693	45	70	70	NUM
ftr-330	693	46	basis	basis	NOUN
ftr-330	693	47	to	to	ADP
ftr-330	693	48	b	b	PROPN
ftr-330	693	49	corporation	corporation	NOUN
ftr-330	693	50	for	for	ADP
ftr-330	693	51	$	$	SYM
ftr-330	693	52	100	100	NUM
ftr-330	693	53	,	,	PUNCT
ftr-330	693	54	if	if	SCONJ
ftr-330	693	55	b	b	NUM
ftr-330	693	56	corporation	corporation	NOUN
ftr-330	693	57	should	should	AUX
ftr-330	693	58	cease	cease	VERB
ftr-330	693	59	being	be	AUX
ftr-330	693	60	a	a	DET
ftr-330	693	61	member	member	NOUN
ftr-330	693	62	of	of	ADP
ftr-330	693	63	the	the	DET
ftr-330	693	64	consolidated	consolidated	ADJ
ftr-330	693	65	group	group	NOUN
ftr-330	693	66	in	in	ADP
ftr-330	693	67	year	year	NOUN
ftr-330	693	68	two	two	NUM
ftr-330	693	69	before	before	ADP
ftr-330	693	70	selling	sell	VERB
ftr-330	693	71	the	the	DET
ftr-330	693	72	property	property	NOUN
ftr-330	693	73	,	,	PUNCT
ftr-330	693	74	s	s	PART
ftr-330	693	75	corporation	corporation	NOUN
ftr-330	693	76	would	would	AUX
ftr-330	693	77	be	be	AUX
ftr-330	693	78	required	require	VERB
ftr-330	693	79	to	to	PART
ftr-330	693	80	account	account	VERB
ftr-330	693	81	for	for	ADP
ftr-330	693	82	its	its	PRON
ftr-330	693	83	deferred	deferred	ADJ
ftr-330	693	84	$	$	SYM
ftr-330	693	85	30	30	NUM
ftr-330	693	86	gain	gain	NOUN
ftr-330	693	87	in	in	ADP
ftr-330	693	88	that	that	DET
ftr-330	693	89	year.135	year.135	NOUN
ftr-330	693	90	as	as	ADP
ftr-330	693	91	a	a	DET
ftr-330	693	92	separate	separate	ADJ
ftr-330	693	93	entity	entity	NOUN
ftr-330	693	94	,	,	PUNCT
ftr-330	693	95	or	or	CCONJ
ftr-330	693	96	as	as	ADP
ftr-330	693	97	a	a	DET
ftr-330	693	98	member	member	NOUN
ftr-330	693	99	of	of	ADP
ftr-330	693	100	a	a	DET
ftr-330	693	101	different	different	ADJ
ftr-330	693	102	consolidated	consolidated	ADJ
ftr-330	693	103	group	group	NOUN
ftr-330	693	104	,	,	PUNCT
ftr-330	693	105	b	b	PROPN
ftr-330	693	106	corporation	corporation	NOUN
ftr-330	693	107	would	would	AUX
ftr-330	693	108	continue	continue	VERB
ftr-330	693	109	to	to	PART
ftr-330	693	110	hold	hold	VERB
ftr-330	693	111	the	the	DET
ftr-330	693	112	property	property	NOUN
ftr-330	693	113	with	with	ADP
ftr-330	693	114	a	a	DET
ftr-330	693	115	$	$	SYM
ftr-330	693	116	100	100	NUM
ftr-330	693	117	basis	basis	NOUN
ftr-330	693	118	.	.	PUNCT
ftr-330	694	1	the	the	DET
ftr-330	694	2	character	character	NOUN
ftr-330	694	3	of	of	ADP
ftr-330	694	4	s	s	PART
ftr-330	694	5	corporation	corporation	NOUN
ftr-330	694	6	’s	’s	PART
ftr-330	694	7	gain	gain	NOUN
ftr-330	694	8	would	would	AUX
ftr-330	694	9	be	be	AUX
ftr-330	694	10	determined	determine	VERB
ftr-330	694	11	under	under	ADP
ftr-330	694	12	the	the	DET
ftr-330	694	13	matching	matching	ADJ
ftr-330	694	14	principles	principle	NOUN
ftr-330	694	15	of	of	ADP
ftr-330	694	16	treasury	treasury	NOUN
ftr-330	694	17	regulation	regulation	NOUN
ftr-330	694	18	section	section	NOUN
ftr-330	694	19	1.1502–13(c	1.1502–13(c	NUM
ftr-330	694	20	)	)	PUNCT
ftr-330	694	21	as	as	SCONJ
ftr-330	694	22	if	if	SCONJ
ftr-330	694	23	s	s	VERB
ftr-330	694	24	corporation	corporation	NOUN
ftr-330	694	25	and	and	CCONJ
ftr-330	694	26	b	b	PROPN
ftr-330	694	27	corporation	corporation	NOUN
ftr-330	694	28	were	be	AUX
ftr-330	694	29	divisions	division	NOUN
ftr-330	694	30	of	of	ADP
ftr-330	694	31	the	the	DET
ftr-330	694	32	same	same	ADJ
ftr-330	694	33	entity.136	entity.136	NOUN
ftr-330	694	34	thus	thus	ADV
ftr-330	694	35	,	,	PUNCT
ftr-330	694	36	b	b	PROPN
ftr-330	694	37	corporation	corporation	NOUN
ftr-330	694	38	’s	’s	PART
ftr-330	694	39	activities	activity	NOUN
ftr-330	694	40	with	with	ADP
ftr-330	694	41	respect	respect	NOUN
ftr-330	694	42	to	to	ADP
ftr-330	694	43	the	the	DET
ftr-330	694	44	property	property	NOUN
ftr-330	694	45	could	could	AUX
ftr-330	694	46	convert	convert	VERB
ftr-330	694	47	s	s	PART
ftr-330	694	48	corporation	corporation	NOUN
ftr-330	694	49	’s	’s	PART
ftr-330	694	50	deferred	defer	VERB
ftr-330	694	51	investment	investment	NOUN
ftr-330	694	52	gain	gain	NOUN
ftr-330	694	53	into	into	ADP
ftr-330	694	54	ordinary	ordinary	ADJ
ftr-330	694	55	gain	gain	NOUN
ftr-330	694	56	.	.	PUNCT
ftr-330	695	1	the	the	DET
ftr-330	695	2	common	common	ADJ
ftr-330	695	3	parent	parent	NOUN
ftr-330	695	4	of	of	ADP
ftr-330	695	5	a	a	DET
ftr-330	695	6	consolidated	consolidated	ADJ
ftr-330	695	7	group	group	NOUN
ftr-330	695	8	may	may	AUX
ftr-330	695	9	request	request	VERB
ftr-330	695	10	that	that	SCONJ
ftr-330	695	11	the	the	DET
ftr-330	695	12	irs	irs	PROPN
ftr-330	695	13	consents	consent	VERB
ftr-330	695	14	to	to	ADP
ftr-330	695	15	the	the	DET
ftr-330	695	16	group	group	NOUN
ftr-330	695	17	accounting	account	VERB
ftr-330	695	18	for	for	ADP
ftr-330	695	19	intercompany	intercompany	NOUN
ftr-330	695	20	transactions	transaction	NOUN
ftr-330	695	21	on	on	ADP
ftr-330	695	22	a	a	DET
ftr-330	695	23	separate	separate	ADJ
ftr-330	695	24	entity	entity	NOUN
ftr-330	695	25	basis.137	basis.137	NOUN
ftr-330	695	26	this	this	DET
ftr-330	695	27	consent	consent	NOUN
ftr-330	695	28	may	may	AUX
ftr-330	695	29	be	be	AUX
ftr-330	695	30	granted	grant	VERB
ftr-330	695	31	for	for	ADP
ftr-330	695	32	all	all	DET
ftr-330	695	33	items	item	NOUN
ftr-330	695	34	or	or	CCONJ
ftr-330	695	35	a	a	DET
ftr-330	695	36	class	class	NOUN
ftr-330	695	37	of	of	ADP
ftr-330	695	38	items	item	NOUN
ftr-330	695	39	of	of	ADP
ftr-330	695	40	the	the	DET
ftr-330	695	41	consolidated	consolidated	ADJ
ftr-330	695	42	group	group	NOUN
ftr-330	695	43	.	.	PUNCT
ftr-330	696	1	method	method	NOUN
ftr-330	696	2	if	if	SCONJ
ftr-330	696	3	the	the	DET
ftr-330	696	4	aggregate	aggregate	ADJ
ftr-330	696	5	tax	tax	NOUN
ftr-330	696	6	installment	installment	NOUN
ftr-330	696	7	obligations	obligation	NOUN
ftr-330	696	8	of	of	ADP
ftr-330	696	9	the	the	DET
ftr-330	696	10	group	group	NOUN
ftr-330	696	11	outstanding	outstanding	ADJ
ftr-330	696	12	at	at	ADP
ftr-330	696	13	the	the	DET
ftr-330	696	14	end	end	NOUN
ftr-330	696	15	of	of	ADP
ftr-330	696	16	the	the	DET
ftr-330	696	17	taxable	taxable	ADJ
ftr-330	696	18	year	year	NOUN
ftr-330	696	19	exceed	exceed	VERB
ftr-330	696	20	$	$	SYM
ftr-330	696	21	5	5	NUM
ftr-330	696	22	million	million	NUM
ftr-330	696	23	.	.	PUNCT
ftr-330	697	1	reg	reg	NOUN
ftr-330	697	2	.	.	PUNCT
ftr-330	698	1	§	§	PROPN
ftr-330	698	2	1.1502–13(c)(7)(ii	1.1502–13(c)(7)(ii	NUM
ftr-330	698	3	)	)	PUNCT
ftr-330	698	4	,	,	PUNCT
ftr-330	698	5	ex	ex	NOUN
ftr-330	698	6	.	.	NOUN
ftr-330	698	7	5(b	5(b	NUM
ftr-330	698	8	)	)	PUNCT
ftr-330	698	9	.	.	PUNCT
ftr-330	699	1	133	133	NUM
ftr-330	699	2	.	.	PUNCT
ftr-330	700	1	reg	reg	NOUN
ftr-330	700	2	.	.	PUNCT
ftr-330	701	1	§	§	PROPN
ftr-330	701	2	1.1502–13(d)(1	1.1502–13(d)(1	NUM
ftr-330	701	3	)	)	PUNCT
ftr-330	701	4	.	.	PUNCT
ftr-330	702	1	134	134	NUM
ftr-330	702	2	.	.	PUNCT
ftr-330	703	1	the	the	DET
ftr-330	703	2	deferred	defer	VERB
ftr-330	703	3	gain	gain	NOUN
ftr-330	703	4	or	or	CCONJ
ftr-330	703	5	loss	loss	NOUN
ftr-330	703	6	is	be	AUX
ftr-330	703	7	not	not	PART
ftr-330	703	8	accelerated	accelerate	VERB
ftr-330	703	9	when	when	SCONJ
ftr-330	703	10	the	the	DET
ftr-330	703	11	group	group	NOUN
ftr-330	703	12	is	be	AUX
ftr-330	703	13	acquired	acquire	VERB
ftr-330	703	14	in	in	ADP
ftr-330	703	15	a	a	DET
ftr-330	703	16	reverse	reverse	ADJ
ftr-330	703	17	acquisition	acquisition	NOUN
ftr-330	703	18	defined	define	VERB
ftr-330	703	19	in	in	ADP
ftr-330	703	20	section	section	NOUN
ftr-330	703	21	368(a)(2)(e	368(a)(2)(e	PROPN
ftr-330	703	22	)	)	PUNCT
ftr-330	703	23	,	,	PUNCT
ftr-330	703	24	another	another	DET
ftr-330	703	25	group	group	NOUN
ftr-330	703	26	acquires	acquire	VERB
ftr-330	703	27	the	the	DET
ftr-330	703	28	common	common	ADJ
ftr-330	703	29	parent	parent	NOUN
ftr-330	703	30	’s	’s	PART
ftr-330	703	31	stock	stock	NOUN
ftr-330	703	32	,	,	PUNCT
ftr-330	703	33	or	or	CCONJ
ftr-330	703	34	another	another	DET
ftr-330	703	35	group	group	NOUN
ftr-330	703	36	acquires	acquire	VERB
ftr-330	703	37	the	the	DET
ftr-330	703	38	common	common	ADJ
ftr-330	703	39	parent	parent	NOUN
ftr-330	703	40	’s	’s	PART
ftr-330	703	41	assets	asset	NOUN
ftr-330	703	42	in	in	ADP
ftr-330	703	43	a	a	DET
ftr-330	703	44	section	section	NOUN
ftr-330	703	45	381(a)(2	381(a)(2	NUM
ftr-330	703	46	)	)	PUNCT
ftr-330	703	47	transaction	transaction	NOUN
ftr-330	703	48	.	.	PUNCT
ftr-330	704	1	reg	reg	NOUN
ftr-330	704	2	.	.	PUNCT
ftr-330	705	1	§	§	PROPN
ftr-330	705	2	1.1502–13(j)(5	1.1502–13(j)(5	NUM
ftr-330	705	3	)	)	PUNCT
ftr-330	705	4	.	.	PUNCT
ftr-330	706	1	135	135	NUM
ftr-330	706	2	.	.	PUNCT
ftr-330	707	1	see	see	VERB
ftr-330	707	2	reg	reg	NOUN
ftr-330	707	3	.	.	PUNCT
ftr-330	708	1	§	§	PROPN
ftr-330	708	2	1.1502–13(d)(3	1.1502–13(d)(3	NUM
ftr-330	708	3	)	)	PUNCT
ftr-330	708	4	,	,	PUNCT
ftr-330	708	5	ex	ex	NOUN
ftr-330	708	6	.	.	NOUN
ftr-330	708	7	1	1	NUM
ftr-330	708	8	.	.	X
ftr-330	708	9	136	136	NUM
ftr-330	708	10	.	.	PUNCT
ftr-330	709	1	reg	reg	NOUN
ftr-330	709	2	.	.	PUNCT
ftr-330	710	1	§	§	PROPN
ftr-330	710	2	1.1502–13(d)(1)(ii	1.1502–13(d)(1)(ii	NUM
ftr-330	710	3	)	)	PUNCT
ftr-330	710	4	.	.	PUNCT
ftr-330	711	1	137	137	NUM
ftr-330	711	2	.	.	PUNCT
ftr-330	712	1	reg	reg	NOUN
ftr-330	712	2	.	.	PUNCT
ftr-330	713	1	§	§	PROPN
ftr-330	713	2	1.1502–13(e)(3	1.1502–13(e)(3	NUM
ftr-330	713	3	)	)	PUNCT
ftr-330	713	4	.	.	PUNCT
ftr-330	714	1	160	160	NUM
ftr-330	714	2	florida	florida	PROPN
ftr-330	714	3	tax	tax	NOUN
ftr-330	714	4	review	review	NOUN
ftr-330	714	5	[	[	X
ftr-330	714	6	vol	vol	NOUN
ftr-330	714	7	.	.	PUNCT
ftr-330	715	1	12:3	12:3	NUM
ftr-330	715	2	b.	b.	NOUN
ftr-330	715	3	distributions	distribution	NOUN
ftr-330	715	4	with	with	ADP
ftr-330	715	5	respect	respect	NOUN
ftr-330	715	6	to	to	ADP
ftr-330	715	7	the	the	DET
ftr-330	715	8	stock	stock	NOUN
ftr-330	715	9	of	of	ADP
ftr-330	715	10	a	a	DET
ftr-330	715	11	member	member	NOUN
ftr-330	715	12	1	1	NUM
ftr-330	715	13	.	.	PUNCT
ftr-330	715	14	section	section	NOUN
ftr-330	715	15	301	301	NUM
ftr-330	715	16	distributions	distribution	NOUN
ftr-330	715	17	the	the	DET
ftr-330	715	18	single	single	ADJ
ftr-330	715	19	entity	entity	NOUN
ftr-330	715	20	approach	approach	NOUN
ftr-330	715	21	to	to	ADP
ftr-330	715	22	intercompany	intercompany	NOUN
ftr-330	715	23	transactions	transaction	NOUN
ftr-330	715	24	involving	involve	VERB
ftr-330	715	25	the	the	DET
ftr-330	715	26	stock	stock	NOUN
ftr-330	715	27	of	of	ADP
ftr-330	715	28	the	the	DET
ftr-330	715	29	members	member	NOUN
ftr-330	715	30	of	of	ADP
ftr-330	715	31	a	a	DET
ftr-330	715	32	consolidated	consolidated	ADJ
ftr-330	715	33	group	group	NOUN
ftr-330	715	34	applies	apply	VERB
ftr-330	715	35	to	to	ADP
ftr-330	715	36	distributions	distribution	NOUN
ftr-330	715	37	on	on	ADP
ftr-330	715	38	the	the	DET
ftr-330	715	39	stock	stock	NOUN
ftr-330	715	40	of	of	ADP
ftr-330	715	41	one	one	NUM
ftr-330	715	42	group	group	NOUN
ftr-330	715	43	member	member	NOUN
ftr-330	715	44	made	make	VERB
ftr-330	715	45	to	to	ADP
ftr-330	715	46	another	another	DET
ftr-330	715	47	group	group	NOUN
ftr-330	715	48	member.138	member.138	NOUN
ftr-330	715	49	intercompany	intercompany	NOUN
ftr-330	715	50	distributions	distribution	NOUN
ftr-330	715	51	with	with	ADP
ftr-330	715	52	respect	respect	NOUN
ftr-330	715	53	to	to	ADP
ftr-330	715	54	the	the	DET
ftr-330	715	55	stock	stock	NOUN
ftr-330	715	56	of	of	ADP
ftr-330	715	57	a	a	DET
ftr-330	715	58	member	member	NOUN
ftr-330	715	59	of	of	ADP
ftr-330	715	60	the	the	DET
ftr-330	715	61	consolidated	consolidated	ADJ
ftr-330	715	62	group	group	NOUN
ftr-330	715	63	that	that	PRON
ftr-330	715	64	are	be	AUX
ftr-330	715	65	subject	subject	ADJ
ftr-330	715	66	to	to	ADP
ftr-330	715	67	section	section	NOUN
ftr-330	715	68	301	301	NUM
ftr-330	715	69	are	be	AUX
ftr-330	715	70	excluded	exclude	VERB
ftr-330	715	71	from	from	ADP
ftr-330	715	72	the	the	DET
ftr-330	715	73	gross	gross	ADJ
ftr-330	715	74	income	income	NOUN
ftr-330	715	75	of	of	ADP
ftr-330	715	76	the	the	DET
ftr-330	715	77	distributee	distributee	NOUN
ftr-330	715	78	member	member	NOUN
ftr-330	715	79	,	,	PUNCT
ftr-330	715	80	but	but	CCONJ
ftr-330	715	81	only	only	ADV
ftr-330	715	82	to	to	ADP
ftr-330	715	83	the	the	DET
ftr-330	715	84	extent	extent	NOUN
ftr-330	715	85	that	that	SCONJ
ftr-330	715	86	the	the	DET
ftr-330	715	87	distributee	distributee	NOUN
ftr-330	715	88	reflects	reflect	VERB
ftr-330	715	89	a	a	DET
ftr-330	715	90	corresponding	corresponding	ADJ
ftr-330	715	91	negative	negative	ADJ
ftr-330	715	92	adjustment	adjustment	NOUN
ftr-330	715	93	to	to	ADP
ftr-330	715	94	the	the	DET
ftr-330	715	95	basis	basis	NOUN
ftr-330	715	96	of	of	ADP
ftr-330	715	97	the	the	DET
ftr-330	715	98	stock	stock	NOUN
ftr-330	715	99	of	of	ADP
ftr-330	715	100	the	the	DET
ftr-330	715	101	distributing	distribute	VERB
ftr-330	715	102	member.139	member.139	NOUN
ftr-330	715	103	thus	thus	ADV
ftr-330	715	104	an	an	DET
ftr-330	715	105	intercompany	intercompany	NOUN
ftr-330	715	106	distribution	distribution	NOUN
ftr-330	715	107	will	will	AUX
ftr-330	715	108	increase	increase	VERB
ftr-330	715	109	recognized	recognize	VERB
ftr-330	715	110	gain	gain	NOUN
ftr-330	715	111	,	,	PUNCT
ftr-330	715	112	or	or	CCONJ
ftr-330	715	113	decrease	decrease	VERB
ftr-330	715	114	loss	loss	NOUN
ftr-330	715	115	,	,	PUNCT
ftr-330	715	116	on	on	ADP
ftr-330	715	117	a	a	DET
ftr-330	715	118	disposition	disposition	NOUN
ftr-330	715	119	of	of	ADP
ftr-330	715	120	the	the	DET
ftr-330	715	121	stock	stock	NOUN
ftr-330	715	122	of	of	ADP
ftr-330	715	123	the	the	DET
ftr-330	715	124	distributing	distribute	VERB
ftr-330	715	125	member	member	NOUN
ftr-330	715	126	.	.	PUNCT
ftr-330	716	1	under	under	ADP
ftr-330	716	2	the	the	DET
ftr-330	716	3	investment	investment	NOUN
ftr-330	716	4	adjustment	adjustment	NOUN
ftr-330	716	5	rules	rule	NOUN
ftr-330	716	6	of	of	ADP
ftr-330	716	7	treasury	treasury	NOUN
ftr-330	716	8	regulation	regulation	NOUN
ftr-330	716	9	section	section	NOUN
ftr-330	716	10	1.1502–32	1.1502–32	NUM
ftr-330	716	11	,	,	PUNCT
ftr-330	716	12	if	if	SCONJ
ftr-330	716	13	the	the	DET
ftr-330	716	14	distribution	distribution	NOUN
ftr-330	716	15	exceeds	exceed	VERB
ftr-330	716	16	the	the	DET
ftr-330	716	17	recipient	recipient	NOUN
ftr-330	716	18	member	member	NOUN
ftr-330	716	19	’s	’s	PART
ftr-330	716	20	basis	basis	NOUN
ftr-330	716	21	in	in	ADP
ftr-330	716	22	the	the	DET
ftr-330	716	23	stock	stock	NOUN
ftr-330	716	24	of	of	ADP
ftr-330	716	25	the	the	DET
ftr-330	716	26	distributing	distribute	VERB
ftr-330	716	27	member	member	NOUN
ftr-330	716	28	,	,	PUNCT
ftr-330	716	29	the	the	DET
ftr-330	716	30	recipient	recipient	NOUN
ftr-330	716	31	’s	’s	PART
ftr-330	716	32	negative	negative	ADJ
ftr-330	716	33	basis	basis	NOUN
ftr-330	716	34	creates	create	VERB
ftr-330	716	35	an	an	DET
ftr-330	716	36	excess	excess	ADJ
ftr-330	716	37	loss	loss	NOUN
ftr-330	716	38	account	account	NOUN
ftr-330	716	39	.	.	PUNCT
ftr-330	717	1	the	the	DET
ftr-330	717	2	existence	existence	NOUN
ftr-330	717	3	of	of	ADP
ftr-330	717	4	an	an	DET
ftr-330	717	5	excess	excess	ADJ
ftr-330	717	6	loss	loss	NOUN
ftr-330	717	7	account	account	NOUN
ftr-330	717	8	will	will	AUX
ftr-330	717	9	trigger	trigger	VERB
ftr-330	717	10	recognition	recognition	NOUN
ftr-330	717	11	of	of	ADP
ftr-330	717	12	gain	gain	NOUN
ftr-330	717	13	if	if	SCONJ
ftr-330	717	14	either	either	CCONJ
ftr-330	717	15	the	the	DET
ftr-330	717	16	distributing	distribute	VERB
ftr-330	717	17	or	or	CCONJ
ftr-330	717	18	recipient	recipient	NOUN
ftr-330	717	19	member	member	NOUN
ftr-330	717	20	ceases	cease	VERB
ftr-330	717	21	to	to	PART
ftr-330	717	22	be	be	AUX
ftr-330	717	23	a	a	DET
ftr-330	717	24	member	member	NOUN
ftr-330	717	25	of	of	ADP
ftr-330	717	26	the	the	DET
ftr-330	717	27	consolidated	consolidated	ADJ
ftr-330	717	28	group.140	group.140	PROPN
ftr-330	717	29	2	2	NUM
ftr-330	717	30	.	.	PUNCT
ftr-330	717	31	intercompany	intercompany	NOUN
ftr-330	717	32	distributions	distribution	NOUN
ftr-330	717	33	of	of	ADP
ftr-330	717	34	appreciated	appreciated	ADJ
ftr-330	717	35	and	and	CCONJ
ftr-330	717	36	depreciated	depreciate	VERB
ftr-330	717	37	property	property	NOUN
ftr-330	717	38	both	both	CCONJ
ftr-330	717	39	gain	gain	NOUN
ftr-330	717	40	and	and	CCONJ
ftr-330	717	41	loss	loss	NOUN
ftr-330	717	42	on	on	ADP
ftr-330	717	43	intercompany	intercompany	NOUN
ftr-330	717	44	distributions	distribution	NOUN
ftr-330	717	45	of	of	ADP
ftr-330	717	46	appreciated	appreciated	ADJ
ftr-330	717	47	or	or	CCONJ
ftr-330	717	48	depreciated	depreciate	VERB
ftr-330	717	49	property	property	NOUN
ftr-330	717	50	with	with	ADP
ftr-330	717	51	respect	respect	NOUN
ftr-330	717	52	to	to	ADP
ftr-330	717	53	the	the	DET
ftr-330	717	54	stock	stock	NOUN
ftr-330	717	55	of	of	ADP
ftr-330	717	56	the	the	DET
ftr-330	717	57	distributing	distribute	VERB
ftr-330	717	58	member	member	NOUN
ftr-330	717	59	are	be	AUX
ftr-330	717	60	recognized	recognize	VERB
ftr-330	717	61	under	under	ADP
ftr-330	717	62	the	the	DET
ftr-330	717	63	principles	principle	NOUN
ftr-330	717	64	of	of	ADP
ftr-330	717	65	section	section	NOUN
ftr-330	717	66	311(b	311(b	PROPN
ftr-330	717	67	)	)	PUNCT
ftr-330	717	68	but	but	CCONJ
ftr-330	717	69	are	be	AUX
ftr-330	717	70	accounted	account	VERB
ftr-330	717	71	for	for	ADP
ftr-330	717	72	as	as	ADP
ftr-330	717	73	deferred	defer	VERB
ftr-330	717	74	intercompany	intercompany	NOUN
ftr-330	717	75	gain	gain	NOUN
ftr-330	717	76	or	or	CCONJ
ftr-330	717	77	loss	loss	NOUN
ftr-330	717	78	under	under	ADP
ftr-330	717	79	the	the	DET
ftr-330	717	80	matching	matching	NOUN
ftr-330	717	81	rule	rule	NOUN
ftr-330	717	82	if	if	SCONJ
ftr-330	717	83	the	the	DET
ftr-330	717	84	property	property	NOUN
ftr-330	717	85	is	be	AUX
ftr-330	717	86	sold	sell	VERB
ftr-330	717	87	to	to	ADP
ftr-330	717	88	a	a	DET
ftr-330	717	89	non	non	ADJ
ftr-330	717	90	-	-	ADJ
ftr-330	717	91	member.141	member.141	ADJ
ftr-330	717	92	if	if	SCONJ
ftr-330	717	93	either	either	DET
ftr-330	717	94	member	member	NOUN
ftr-330	717	95	leaves	leave	VERB
ftr-330	717	96	the	the	DET
ftr-330	717	97	consolidated	consolidated	ADJ
ftr-330	717	98	group	group	NOUN
ftr-330	717	99	,	,	PUNCT
ftr-330	717	100	it	it	PRON
ftr-330	717	101	will	will	AUX
ftr-330	717	102	no	no	ADV
ftr-330	717	103	longer	long	ADV
ftr-330	717	104	be	be	AUX
ftr-330	717	105	possible	possible	ADJ
ftr-330	717	106	to	to	PART
ftr-330	717	107	match	match	VERB
ftr-330	717	108	accounting	accounting	NOUN
ftr-330	717	109	for	for	ADP
ftr-330	717	110	the	the	DET
ftr-330	717	111	distributing	distribute	VERB
ftr-330	717	112	corporation	corporation	NOUN
ftr-330	717	113	’s	’s	PART
ftr-330	717	114	deferred	defer	VERB
ftr-330	717	115	item	item	NOUN
ftr-330	717	116	with	with	ADP
ftr-330	717	117	the	the	DET
ftr-330	717	118	recipient	recipient	NOUN
ftr-330	717	119	’s	’s	PART
ftr-330	717	120	corresponding	correspond	VERB
ftr-330	717	121	item	item	NOUN
ftr-330	717	122	,	,	PUNCT
ftr-330	717	123	and	and	CCONJ
ftr-330	717	124	the	the	DET
ftr-330	717	125	acceleration	acceleration	NOUN
ftr-330	717	126	rule	rule	NOUN
ftr-330	717	127	will	will	AUX
ftr-330	717	128	require	require	VERB
ftr-330	717	129	the	the	DET
ftr-330	717	130	distributing	distribute	VERB
ftr-330	717	131	corporation	corporation	NOUN
ftr-330	717	132	to	to	PART
ftr-330	717	133	account	account	VERB
ftr-330	717	134	for	for	ADP
ftr-330	717	135	deferred	deferred	ADJ
ftr-330	717	136	gain	gain	NOUN
ftr-330	717	137	or	or	CCONJ
ftr-330	717	138	loss	loss	NOUN
ftr-330	717	139	recognized	recognize	VERB
ftr-330	717	140	on	on	ADP
ftr-330	717	141	the	the	DET
ftr-330	717	142	distribution.142	distribution.142	PROPN
ftr-330	717	143	however	however	ADV
ftr-330	717	144	,	,	PUNCT
ftr-330	717	145	while	while	SCONJ
ftr-330	717	146	deferred	deferred	ADJ
ftr-330	717	147	section	section	NOUN
ftr-330	717	148	311(b	311(b	PROPN
ftr-330	717	149	)	)	PUNCT
ftr-330	717	150	gain	gain	NOUN
ftr-330	717	151	always	always	ADV
ftr-330	717	152	is	be	AUX
ftr-330	717	153	included	include	VERB
ftr-330	717	154	in	in	ADP
ftr-330	717	155	consolidated	consolidated	ADJ
ftr-330	717	156	taxable	taxable	ADJ
ftr-330	717	157	income	income	NOUN
ftr-330	717	158	,	,	PUNCT
ftr-330	717	159	loss	loss	NOUN
ftr-330	717	160	is	be	AUX
ftr-330	717	161	allowed	allow	VERB
ftr-330	717	162	if	if	SCONJ
ftr-330	717	163	the	the	DET
ftr-330	717	164	property	property	NOUN
ftr-330	717	165	subsequently	subsequently	ADV
ftr-330	717	166	is	be	AUX
ftr-330	717	167	sold	sell	VERB
ftr-330	717	168	to	to	ADP
ftr-330	717	169	a	a	DET
ftr-330	717	170	nonmember	nonmember	NOUN
ftr-330	717	171	;	;	PUNCT
ftr-330	717	172	the	the	DET
ftr-330	717	173	deferred	defer	VERB
ftr-330	717	174	loss	loss	NOUN
ftr-330	717	175	in	in	ADP
ftr-330	717	176	excess	excess	NOUN
ftr-330	717	177	of	of	ADP
ftr-330	717	178	the	the	DET
ftr-330	717	179	transferee	transferee	NOUN
ftr-330	717	180	’s	’s	PART
ftr-330	717	181	gain	gain	NOUN
ftr-330	717	182	is	be	AUX
ftr-330	717	183	permanently	permanently	ADV
ftr-330	717	184	disallowed	disallow	VERB
ftr-330	717	185	if	if	SCONJ
ftr-330	717	186	the	the	DET
ftr-330	717	187	property	property	NOUN
ftr-330	717	188	is	be	AUX
ftr-330	717	189	distributed	distribute	VERB
ftr-330	717	190	to	to	ADP
ftr-330	717	191	a	a	DET
ftr-330	717	192	nonmember	nonmember	NOUN
ftr-330	717	193	shareholder.143	shareholder.143	NOUN
ftr-330	717	194	the	the	DET
ftr-330	717	195	deferred	deferred	ADJ
ftr-330	717	196	138	138	NUM
ftr-330	717	197	.	.	PUNCT
ftr-330	718	1	reg	reg	NOUN
ftr-330	718	2	.	.	PUNCT
ftr-330	719	1	§	§	PROPN
ftr-330	719	2	1.1502–13(f	1.1502–13(f	NUM
ftr-330	719	3	)	)	PUNCT
ftr-330	719	4	.	.	PUNCT
ftr-330	720	1	139	139	NUM
ftr-330	720	2	.	.	PUNCT
ftr-330	721	1	reg	reg	NOUN
ftr-330	721	2	.	.	PUNCT
ftr-330	722	1	§	§	PROPN
ftr-330	722	2	1.1502–13(f)(2)(ii	1.1502–13(f)(2)(ii	NUM
ftr-330	722	3	)	)	PUNCT
ftr-330	722	4	.	.	PUNCT
ftr-330	723	1	140	140	NUM
ftr-330	723	2	.	.	PUNCT
ftr-330	723	3	reg	reg	NOUN
ftr-330	723	4	.	.	PUNCT
ftr-330	724	1	§	§	PROPN
ftr-330	724	2	1.1502–19	1.1502–19	NUM
ftr-330	724	3	.	.	PUNCT
ftr-330	724	4	141	141	NUM
ftr-330	724	5	.	.	PUNCT
ftr-330	724	6	reg	reg	NOUN
ftr-330	724	7	.	.	PUNCT
ftr-330	725	1	§	§	PROPN
ftr-330	725	2	1.1502–13(f)(2)(iii	1.1502–13(f)(2)(iii	NUM
ftr-330	725	3	)	)	PUNCT
ftr-330	725	4	.	.	PUNCT
ftr-330	726	1	142	142	NUM
ftr-330	726	2	.	.	PUNCT
ftr-330	727	1	reg	reg	NOUN
ftr-330	727	2	.	.	PUNCT
ftr-330	728	1	§	§	PROPN
ftr-330	728	2	1.1502–13(d)(1	1.1502–13(d)(1	NUM
ftr-330	728	3	)	)	PUNCT
ftr-330	728	4	.	.	PUNCT
ftr-330	729	1	143	143	NUM
ftr-330	729	2	.	.	PUNCT
ftr-330	730	1	reg	reg	PROPN
ftr-330	730	2	.	.	PUNCT
ftr-330	731	1	§	§	PROPN
ftr-330	731	2	1.1502–13(c)(6	1.1502–13(c)(6	NUM
ftr-330	731	3	)	)	PUNCT
ftr-330	731	4	and	and	CCONJ
ftr-330	731	5	(	(	PUNCT
ftr-330	731	6	f)(7	f)(7	NUM
ftr-330	731	7	)	)	PUNCT
ftr-330	731	8	,	,	PUNCT
ftr-330	731	9	ex	ex	NOUN
ftr-330	731	10	.	.	NOUN
ftr-330	731	11	4(d	4(d	NUM
ftr-330	731	12	)	)	PUNCT
ftr-330	731	13	.	.	PUNCT
ftr-330	732	1	2012	2012	NUM
ftr-330	732	2	]	]	PUNCT
ftr-330	732	3	understanding	understand	VERB
ftr-330	732	4	consolidated	consolidated	ADJ
ftr-330	732	5	returns	return	NOUN
ftr-330	732	6	161	161	NUM
ftr-330	732	7	loss	loss	NOUN
ftr-330	732	8	would	would	AUX
ftr-330	732	9	also	also	ADV
ftr-330	732	10	typically	typically	ADV
ftr-330	732	11	be	be	AUX
ftr-330	732	12	allowed	allow	VERB
ftr-330	732	13	under	under	ADP
ftr-330	732	14	the	the	DET
ftr-330	732	15	acceleration	acceleration	NOUN
ftr-330	732	16	rule	rule	NOUN
ftr-330	732	17	if	if	SCONJ
ftr-330	732	18	either	either	CCONJ
ftr-330	732	19	the	the	DET
ftr-330	732	20	distributing	distribute	VERB
ftr-330	732	21	or	or	CCONJ
ftr-330	732	22	distributee	distributee	NOUN
ftr-330	732	23	member	member	NOUN
ftr-330	732	24	ceases	cease	VERB
ftr-330	732	25	to	to	PART
ftr-330	732	26	be	be	AUX
ftr-330	732	27	a	a	DET
ftr-330	732	28	member	member	NOUN
ftr-330	732	29	of	of	ADP
ftr-330	732	30	the	the	DET
ftr-330	732	31	group	group	NOUN
ftr-330	732	32	.	.	PUNCT
ftr-330	733	1	the	the	DET
ftr-330	733	2	application	application	NOUN
ftr-330	733	3	of	of	ADP
ftr-330	733	4	these	these	DET
ftr-330	733	5	rules	rule	NOUN
ftr-330	733	6	in	in	ADP
ftr-330	733	7	the	the	DET
ftr-330	733	8	context	context	NOUN
ftr-330	733	9	of	of	ADP
ftr-330	733	10	a	a	DET
ftr-330	733	11	transaction	transaction	NOUN
ftr-330	733	12	that	that	PRON
ftr-330	733	13	creates	create	VERB
ftr-330	733	14	an	an	DET
ftr-330	733	15	excess	excess	ADJ
ftr-330	733	16	loss	loss	NOUN
ftr-330	733	17	account	account	NOUN
ftr-330	733	18	is	be	AUX
ftr-330	733	19	illustrated	illustrate	VERB
ftr-330	733	20	by	by	ADP
ftr-330	733	21	an	an	DET
ftr-330	733	22	example	example	NOUN
ftr-330	733	23	in	in	ADP
ftr-330	733	24	the	the	DET
ftr-330	733	25	regulations	regulation	NOUN
ftr-330	733	26	.	.	PUNCT
ftr-330	734	1	(	(	PUNCT
ftr-330	734	2	a	a	X
ftr-330	734	3	)	)	PUNCT
ftr-330	734	4	facts	fact	NOUN
ftr-330	734	5	.	.	PUNCT
ftr-330	735	1	s	s	X
ftr-330	735	2	owns	own	VERB
ftr-330	735	3	all	all	PRON
ftr-330	735	4	of	of	ADP
ftr-330	735	5	t	t	PROPN
ftr-330	735	6	’s	’s	PART
ftr-330	735	7	only	only	ADJ
ftr-330	735	8	class	class	NOUN
ftr-330	735	9	of	of	ADP
ftr-330	735	10	stock	stock	NOUN
ftr-330	735	11	with	with	ADP
ftr-330	735	12	a	a	DET
ftr-330	735	13	$	$	SYM
ftr-330	735	14	10	10	NUM
ftr-330	735	15	basis	basis	NOUN
ftr-330	735	16	and	and	CCONJ
ftr-330	735	17	$	$	SYM
ftr-330	735	18	100	100	NUM
ftr-330	735	19	value	value	NOUN
ftr-330	735	20	.	.	PUNCT
ftr-330	736	1	s	s	PART
ftr-330	736	2	has	have	VERB
ftr-330	736	3	substantial	substantial	ADJ
ftr-330	736	4	earnings	earning	NOUN
ftr-330	736	5	and	and	CCONJ
ftr-330	736	6	profits	profit	NOUN
ftr-330	736	7	,	,	PUNCT
ftr-330	736	8	and	and	CCONJ
ftr-330	736	9	t	t	PROPN
ftr-330	736	10	has	have	VERB
ftr-330	736	11	$	$	SYM
ftr-330	736	12	10	10	NUM
ftr-330	736	13	of	of	ADP
ftr-330	736	14	earnings	earning	NOUN
ftr-330	736	15	and	and	CCONJ
ftr-330	736	16	profits	profit	NOUN
ftr-330	736	17	.	.	PUNCT
ftr-330	737	1	on	on	ADP
ftr-330	737	2	january	january	PROPN
ftr-330	737	3	1	1	NUM
ftr-330	737	4	of	of	ADP
ftr-330	737	5	year	year	NOUN
ftr-330	737	6	1	1	NUM
ftr-330	737	7	,	,	PUNCT
ftr-330	737	8	s	s	PROPN
ftr-330	737	9	declares	declare	VERB
ftr-330	737	10	and	and	CCONJ
ftr-330	737	11	distributes	distribute	VERB
ftr-330	737	12	a	a	DET
ftr-330	737	13	dividend	dividend	NOUN
ftr-330	737	14	of	of	ADP
ftr-330	737	15	all	all	PRON
ftr-330	737	16	of	of	ADP
ftr-330	737	17	the	the	DET
ftr-330	737	18	t	t	PROPN
ftr-330	737	19	stock	stock	NOUN
ftr-330	737	20	to	to	ADP
ftr-330	737	21	p.	p.	NOUN
ftr-330	737	22	under	under	ADP
ftr-330	737	23	section	section	NOUN
ftr-330	737	24	311(b	311(b	PROPN
ftr-330	737	25	)	)	PUNCT
ftr-330	737	26	,	,	PUNCT
ftr-330	737	27	s	s	AUX
ftr-330	737	28	has	have	VERB
ftr-330	737	29	a	a	DET
ftr-330	737	30	$	$	SYM
ftr-330	737	31	90	90	NUM
ftr-330	737	32	gain	gain	NOUN
ftr-330	737	33	.	.	PUNCT
ftr-330	738	1	under	under	ADP
ftr-330	738	2	section	section	NOUN
ftr-330	738	3	301(d	301(d	PROPN
ftr-330	738	4	)	)	PUNCT
ftr-330	738	5	,	,	PUNCT
ftr-330	738	6	p	p	X
ftr-330	738	7	’s	’s	ADJ
ftr-330	738	8	basis	basis	NOUN
ftr-330	738	9	in	in	ADP
ftr-330	738	10	the	the	DET
ftr-330	738	11	t	t	NOUN
ftr-330	738	12	stock	stock	NOUN
ftr-330	738	13	is	be	AUX
ftr-330	738	14	$	$	SYM
ftr-330	738	15	100	100	NUM
ftr-330	738	16	.	.	PUNCT
ftr-330	739	1	during	during	ADP
ftr-330	739	2	year	year	NOUN
ftr-330	739	3	3	3	NUM
ftr-330	739	4	,	,	PUNCT
ftr-330	739	5	t	t	PROPN
ftr-330	739	6	borrows	borrow	VERB
ftr-330	739	7	$	$	SYM
ftr-330	739	8	90	90	NUM
ftr-330	739	9	and	and	CCONJ
ftr-330	739	10	declares	declare	VERB
ftr-330	739	11	and	and	CCONJ
ftr-330	739	12	makes	make	VERB
ftr-330	739	13	a	a	DET
ftr-330	739	14	$	$	SYM
ftr-330	739	15	90	90	NUM
ftr-330	739	16	distribution	distribution	NOUN
ftr-330	739	17	to	to	ADP
ftr-330	739	18	p	p	NOUN
ftr-330	739	19	to	to	PART
ftr-330	739	20	which	which	DET
ftr-330	739	21	section	section	NOUN
ftr-330	739	22	301	301	NUM
ftr-330	739	23	applies	apply	VERB
ftr-330	739	24	,	,	PUNCT
ftr-330	739	25	and	and	CCONJ
ftr-330	739	26	p	p	X
ftr-330	739	27	’s	’s	ADJ
ftr-330	739	28	basis	basis	NOUN
ftr-330	739	29	in	in	ADP
ftr-330	739	30	the	the	DET
ftr-330	739	31	t	t	NOUN
ftr-330	739	32	stock	stock	NOUN
ftr-330	739	33	is	be	AUX
ftr-330	739	34	reduced	reduce	VERB
ftr-330	739	35	under	under	ADP
ftr-330	739	36	§	§	PROPN
ftr-330	739	37	1.1502–32	1.1502–32	NUM
ftr-330	739	38	from	from	ADP
ftr-330	739	39	$	$	SYM
ftr-330	739	40	100	100	NUM
ftr-330	739	41	to	to	PART
ftr-330	739	42	$	$	SYM
ftr-330	739	43	10	10	NUM
ftr-330	739	44	.	.	PUNCT
ftr-330	740	1	during	during	ADP
ftr-330	740	2	year	year	NOUN
ftr-330	740	3	6	6	NUM
ftr-330	740	4	,	,	PUNCT
ftr-330	740	5	t	t	PROPN
ftr-330	740	6	has	have	VERB
ftr-330	740	7	$	$	SYM
ftr-330	740	8	5	5	NUM
ftr-330	740	9	of	of	ADP
ftr-330	740	10	earnings	earning	NOUN
ftr-330	740	11	that	that	PRON
ftr-330	740	12	increase	increase	VERB
ftr-330	740	13	p	p	X
ftr-330	740	14	’s	’s	ADJ
ftr-330	740	15	basis	basis	NOUN
ftr-330	740	16	in	in	ADP
ftr-330	740	17	the	the	DET
ftr-330	740	18	t	t	NOUN
ftr-330	740	19	stock	stock	NOUN
ftr-330	740	20	under	under	ADP
ftr-330	740	21	§	§	PROPN
ftr-330	740	22	1.1502–32	1.1502–32	NUM
ftr-330	740	23	from	from	ADP
ftr-330	740	24	$	$	SYM
ftr-330	740	25	10	10	NUM
ftr-330	740	26	to	to	PART
ftr-330	740	27	$	$	SYM
ftr-330	740	28	15	15	NUM
ftr-330	740	29	.	.	PUNCT
ftr-330	741	1	on	on	ADP
ftr-330	741	2	december	december	PROPN
ftr-330	741	3	1	1	NUM
ftr-330	741	4	of	of	ADP
ftr-330	741	5	year	year	NOUN
ftr-330	741	6	9	9	NUM
ftr-330	741	7	,	,	PUNCT
ftr-330	741	8	t	t	PROPN
ftr-330	741	9	issues	issue	VERB
ftr-330	741	10	additional	additional	ADJ
ftr-330	741	11	stock	stock	NOUN
ftr-330	741	12	to	to	ADP
ftr-330	741	13	x	x	PROPN
ftr-330	741	14	and	and	CCONJ
ftr-330	741	15	,	,	PUNCT
ftr-330	741	16	as	as	ADP
ftr-330	741	17	a	a	DET
ftr-330	741	18	result	result	NOUN
ftr-330	741	19	,	,	PUNCT
ftr-330	741	20	t	t	PROPN
ftr-330	741	21	becomes	become	VERB
ftr-330	741	22	a	a	DET
ftr-330	741	23	nonmember	nonmember	NOUN
ftr-330	741	24	.	.	PUNCT
ftr-330	742	1	(	(	PUNCT
ftr-330	742	2	b	b	X
ftr-330	742	3	)	)	PUNCT
ftr-330	742	4	dividend	dividend	NOUN
ftr-330	742	5	exclusion	exclusion	NOUN
ftr-330	742	6	.	.	PUNCT
ftr-330	743	1	under	under	ADP
ftr-330	743	2	paragraph	paragraph	NOUN
ftr-330	743	3	(	(	PUNCT
ftr-330	743	4	f)(2)(ii	f)(2)(ii	PROPN
ftr-330	743	5	)	)	PUNCT
ftr-330	743	6	of	of	ADP
ftr-330	743	7	this	this	DET
ftr-330	743	8	section	section	NOUN
ftr-330	743	9	,	,	PUNCT
ftr-330	743	10	p	p	X
ftr-330	743	11	’s	’s	X
ftr-330	743	12	$	$	SYM
ftr-330	743	13	100	100	NUM
ftr-330	743	14	of	of	ADP
ftr-330	743	15	dividend	dividend	NOUN
ftr-330	743	16	income	income	NOUN
ftr-330	743	17	from	from	ADP
ftr-330	743	18	s	s	NOUN
ftr-330	743	19	’s	’s	PART
ftr-330	743	20	distribution	distribution	NOUN
ftr-330	743	21	of	of	ADP
ftr-330	743	22	the	the	DET
ftr-330	743	23	t	t	NOUN
ftr-330	743	24	stock	stock	NOUN
ftr-330	743	25	,	,	PUNCT
ftr-330	743	26	and	and	CCONJ
ftr-330	743	27	its	its	PRON
ftr-330	743	28	$	$	SYM
ftr-330	743	29	10	10	NUM
ftr-330	743	30	of	of	ADP
ftr-330	743	31	dividend	dividend	NOUN
ftr-330	743	32	income	income	NOUN
ftr-330	743	33	from	from	ADP
ftr-330	743	34	t	t	PROPN
ftr-330	743	35	’s	’s	PART
ftr-330	743	36	$	$	SYM
ftr-330	743	37	90	90	NUM
ftr-330	743	38	distribution	distribution	NOUN
ftr-330	743	39	,	,	PUNCT
ftr-330	743	40	are	be	AUX
ftr-330	743	41	not	not	PART
ftr-330	743	42	included	include	VERB
ftr-330	743	43	in	in	ADP
ftr-330	743	44	gross	gross	ADJ
ftr-330	743	45	income	income	NOUN
ftr-330	743	46	.	.	PUNCT
ftr-330	744	1	(	(	PUNCT
ftr-330	744	2	c	c	X
ftr-330	744	3	)	)	PUNCT
ftr-330	744	4	matching	matching	NOUN
ftr-330	744	5	and	and	CCONJ
ftr-330	744	6	acceleration	acceleration	NOUN
ftr-330	744	7	rules	rule	NOUN
ftr-330	744	8	.	.	PUNCT
ftr-330	745	1	under	under	ADP
ftr-330	745	2	§	§	PROPN
ftr-330	745	3	1.1502	1.1502	NUM
ftr-330	745	4	–	–	PUNCT
ftr-330	745	5	19(b)(1	19(b)(1	NUM
ftr-330	745	6	)	)	PUNCT
ftr-330	745	7	,	,	PUNCT
ftr-330	745	8	when	when	SCONJ
ftr-330	745	9	t	t	PROPN
ftr-330	745	10	becomes	become	VERB
ftr-330	745	11	a	a	DET
ftr-330	745	12	nonmember	nonmember	PROPN
ftr-330	745	13	p	p	NOUN
ftr-330	745	14	must	must	AUX
ftr-330	745	15	include	include	VERB
ftr-330	745	16	in	in	ADP
ftr-330	745	17	income	income	NOUN
ftr-330	745	18	the	the	DET
ftr-330	745	19	amount	amount	NOUN
ftr-330	745	20	of	of	ADP
ftr-330	745	21	its	its	PRON
ftr-330	745	22	excess	excess	ADJ
ftr-330	745	23	loss	loss	NOUN
ftr-330	745	24	account	account	NOUN
ftr-330	745	25	(	(	PUNCT
ftr-330	745	26	if	if	SCONJ
ftr-330	745	27	any	any	PRON
ftr-330	745	28	)	)	PUNCT
ftr-330	745	29	in	in	ADP
ftr-330	745	30	t	t	PROPN
ftr-330	745	31	stock	stock	NOUN
ftr-330	745	32	.	.	PUNCT
ftr-330	746	1	p	p	NOUN
ftr-330	746	2	has	have	VERB
ftr-330	746	3	no	no	DET
ftr-330	746	4	excess	excess	ADJ
ftr-330	746	5	loss	loss	NOUN
ftr-330	746	6	account	account	NOUN
ftr-330	746	7	in	in	ADP
ftr-330	746	8	the	the	DET
ftr-330	746	9	t	t	NOUN
ftr-330	746	10	stock	stock	NOUN
ftr-330	746	11	.	.	PUNCT
ftr-330	747	1	therefore	therefore	ADV
ftr-330	747	2	p	p	X
ftr-330	747	3	’s	’s	PART
ftr-330	747	4	corresponding	correspond	VERB
ftr-330	747	5	item	item	NOUN
ftr-330	747	6	from	from	ADP
ftr-330	747	7	the	the	DET
ftr-330	747	8	deconsolidation	deconsolidation	NOUN
ftr-330	747	9	of	of	ADP
ftr-330	747	10	t	t	PROPN
ftr-330	747	11	is	be	AUX
ftr-330	747	12	$	$	SYM
ftr-330	747	13	0	0	NUM
ftr-330	747	14	.	.	PUNCT
ftr-330	748	1	treating	treat	VERB
ftr-330	748	2	s	s	PRON
ftr-330	748	3	and	and	CCONJ
ftr-330	748	4	p	p	NOUN
ftr-330	748	5	as	as	ADP
ftr-330	748	6	divisions	division	NOUN
ftr-330	748	7	of	of	ADP
ftr-330	748	8	a	a	DET
ftr-330	748	9	single	single	ADJ
ftr-330	748	10	corporation	corporation	NOUN
ftr-330	748	11	,	,	PUNCT
ftr-330	748	12	the	the	DET
ftr-330	748	13	t	t	NOUN
ftr-330	748	14	stock	stock	NOUN
ftr-330	748	15	would	would	AUX
ftr-330	748	16	continue	continue	VERB
ftr-330	748	17	to	to	PART
ftr-330	748	18	have	have	VERB
ftr-330	748	19	a	a	DET
ftr-330	748	20	$	$	SYM
ftr-330	748	21	10	10	NUM
ftr-330	748	22	basis	basis	NOUN
ftr-330	748	23	after	after	ADP
ftr-330	748	24	the	the	DET
ftr-330	748	25	distribution	distribution	NOUN
ftr-330	748	26	,	,	PUNCT
ftr-330	748	27	and	and	CCONJ
ftr-330	748	28	the	the	DET
ftr-330	748	29	adjustments	adjustment	NOUN
ftr-330	748	30	under	under	ADP
ftr-330	748	31	§	§	PROPN
ftr-330	748	32	1.1502–32	1.1502–32	NUM
ftr-330	748	33	for	for	ADP
ftr-330	748	34	t	t	PROPN
ftr-330	748	35	’s	’s	PART
ftr-330	748	36	$	$	SYM
ftr-330	748	37	90	90	NUM
ftr-330	748	38	distribution	distribution	NOUN
ftr-330	748	39	[	[	PUNCT
ftr-330	748	40	which	which	PRON
ftr-330	748	41	decrease	decrease	VERB
ftr-330	748	42	basis	basis	NOUN
ftr-330	748	43	]	]	PUNCT
ftr-330	748	44	and	and	CCONJ
ftr-330	748	45	$	$	SYM
ftr-330	748	46	5	5	NUM
ftr-330	748	47	of	of	ADP
ftr-330	748	48	earnings	earning	NOUN
ftr-330	748	49	[	[	X
ftr-330	748	50	which	which	PRON
ftr-330	748	51	increase	increase	VERB
ftr-330	748	52	basis	basis	NOUN
ftr-330	748	53	]	]	PUNCT
ftr-330	748	54	would	would	AUX
ftr-330	748	55	result	result	VERB
ftr-330	748	56	in	in	ADP
ftr-330	748	57	a	a	DET
ftr-330	748	58	$	$	SYM
ftr-330	748	59	75	75	NUM
ftr-330	748	60	excess	excess	ADJ
ftr-330	748	61	loss	loss	NOUN
ftr-330	748	62	account	account	NOUN
ftr-330	749	1	[	[	X
ftr-330	749	2	$	$	SYM
ftr-330	749	3	10	10	NUM
ftr-330	749	4	–	–	PUNCT
ftr-330	749	5	$	$	SYM
ftr-330	749	6	90	90	NUM
ftr-330	749	7	+	+	NUM
ftr-330	749	8	$	$	SYM
ftr-330	749	9	5	5	NUM
ftr-330	749	10	]	]	PUNCT
ftr-330	749	11	.	.	PUNCT
ftr-330	750	1	thus	thus	ADV
ftr-330	750	2	,	,	PUNCT
ftr-330	750	3	the	the	DET
ftr-330	750	4	recomputed	recompute	VERB
ftr-330	750	5	corresponding	correspond	VERB
ftr-330	750	6	item	item	NOUN
ftr-330	750	7	from	from	ADP
ftr-330	750	8	the	the	DET
ftr-330	750	9	deconsolidation	deconsolidation	NOUN
ftr-330	750	10	is	be	AUX
ftr-330	750	11	$	$	SYM
ftr-330	750	12	75	75	NUM
ftr-330	750	13	.	.	PUNCT
ftr-330	751	1	under	under	ADP
ftr-330	751	2	the	the	DET
ftr-330	751	3	matching	matching	NOUN
ftr-330	751	4	rule	rule	NOUN
ftr-330	751	5	,	,	PUNCT
ftr-330	751	6	s	s	NOUN
ftr-330	751	7	takes	take	VERB
ftr-330	751	8	$	$	SYM
ftr-330	751	9	75	75	NUM
ftr-330	751	10	of	of	ADP
ftr-330	751	11	its	its	PRON
ftr-330	751	12	$	$	SYM
ftr-330	751	13	90	90	NUM
ftr-330	751	14	gain	gain	NOUN
ftr-330	751	15	into	into	ADP
ftr-330	751	16	account	account	NOUN
ftr-330	751	17	in	in	ADP
ftr-330	751	18	year	year	NOUN
ftr-330	751	19	9	9	NUM
ftr-330	751	20	as	as	ADP
ftr-330	751	21	a	a	DET
ftr-330	751	22	result	result	NOUN
ftr-330	751	23	of	of	ADP
ftr-330	751	24	t	t	PROPN
ftr-330	751	25	becoming	become	VERB
ftr-330	751	26	a	a	DET
ftr-330	751	27	nonmember	nonmember	NOUN
ftr-330	751	28	,	,	PUNCT
ftr-330	751	29	to	to	PART
ftr-330	751	30	reflect	reflect	VERB
ftr-330	751	31	the	the	DET
ftr-330	751	32	difference	difference	NOUN
ftr-330	751	33	between	between	ADP
ftr-330	751	34	p	p	X
ftr-330	751	35	’s	’s	X
ftr-330	751	36	$	$	SYM
ftr-330	751	37	0	0	NUM
ftr-330	751	38	gain	gain	NOUN
ftr-330	751	39	taken	take	VERB
ftr-330	751	40	into	into	ADP
ftr-330	751	41	account	account	NOUN
ftr-330	751	42	and	and	CCONJ
ftr-330	751	43	the	the	DET
ftr-330	751	44	$	$	SYM
ftr-330	751	45	75	75	NUM
ftr-330	751	46	recomputed	recompute	VERB
ftr-330	751	47	gain	gain	NOUN
ftr-330	751	48	.	.	PUNCT
ftr-330	752	1	s	s	AUX
ftr-330	752	2	’s	’s	X
ftr-330	752	3	remaining	remain	VERB
ftr-330	752	4	$	$	SYM
ftr-330	752	5	15	15	NUM
ftr-330	752	6	of	of	ADP
ftr-330	752	7	gain	gain	NOUN
ftr-330	752	8	is	be	AUX
ftr-330	752	9	taken	take	VERB
ftr-330	752	10	into	into	ADP
ftr-330	752	11	account	account	NOUN
ftr-330	752	12	under	under	ADP
ftr-330	752	13	the	the	DET
ftr-330	752	14	matching	matching	NOUN
ftr-330	752	15	and	and	CCONJ
ftr-330	752	16	acceleration	acceleration	NOUN
ftr-330	752	17	rules	rule	NOUN
ftr-330	752	18	based	base	VERB
ftr-330	752	19	on	on	ADP
ftr-330	752	20	subsequent	subsequent	ADJ
ftr-330	752	21	events	event	NOUN
ftr-330	752	22	(	(	PUNCT
ftr-330	752	23	for	for	ADP
ftr-330	752	24	example	example	NOUN
ftr-330	752	25	,	,	PUNCT
ftr-330	752	26	under	under	ADP
ftr-330	752	27	the	the	DET
ftr-330	752	28	matching	matching	NOUN
ftr-330	752	29	rule	rule	NOUN
ftr-330	752	30	if	if	SCONJ
ftr-330	752	31	p	p	PROPN
ftr-330	752	32	162	162	NUM
ftr-330	752	33	florida	florida	PROPN
ftr-330	752	34	tax	tax	NOUN
ftr-330	752	35	review	review	NOUN
ftr-330	752	36	[	[	X
ftr-330	752	37	vol	vol	NOUN
ftr-330	752	38	.	.	PUNCT
ftr-330	753	1	12:3	12:3	NUM
ftr-330	753	2	subsequently	subsequently	ADV
ftr-330	753	3	sells	sell	VERB
ftr-330	753	4	its	its	PRON
ftr-330	753	5	t	t	NOUN
ftr-330	753	6	stock	stock	NOUN
ftr-330	753	7	,	,	PUNCT
ftr-330	753	8	or	or	CCONJ
ftr-330	753	9	under	under	ADP
ftr-330	753	10	the	the	DET
ftr-330	753	11	acceleration	acceleration	NOUN
ftr-330	753	12	rule	rule	NOUN
ftr-330	753	13	if	if	SCONJ
ftr-330	753	14	s	s	NOUN
ftr-330	753	15	becomes	become	VERB
ftr-330	753	16	a	a	DET
ftr-330	753	17	nonmember	nonmember	NOUN
ftr-330	753	18	)	)	PUNCT
ftr-330	753	19	.	.	PUNCT
ftr-330	754	1	144	144	NUM
ftr-330	754	2	in	in	ADP
ftr-330	754	3	the	the	DET
ftr-330	754	4	example	example	NOUN
ftr-330	754	5	,	,	PUNCT
ftr-330	754	6	if	if	SCONJ
ftr-330	754	7	the	the	DET
ftr-330	754	8	basis	basis	NOUN
ftr-330	754	9	of	of	ADP
ftr-330	754	10	the	the	DET
ftr-330	754	11	t	t	PROPN
ftr-330	754	12	stock	stock	NOUN
ftr-330	754	13	had	have	AUX
ftr-330	754	14	not	not	PART
ftr-330	754	15	been	be	AUX
ftr-330	754	16	adjusted	adjust	VERB
ftr-330	754	17	as	as	ADP
ftr-330	754	18	a	a	DET
ftr-330	754	19	result	result	NOUN
ftr-330	754	20	of	of	ADP
ftr-330	754	21	s	s	NOUN
ftr-330	754	22	’s	’s	PART
ftr-330	754	23	distribution	distribution	NOUN
ftr-330	754	24	of	of	ADP
ftr-330	754	25	the	the	DET
ftr-330	754	26	t	t	PROPN
ftr-330	754	27	stock	stock	NOUN
ftr-330	754	28	to	to	ADP
ftr-330	754	29	p	p	PRON
ftr-330	754	30	,	,	PUNCT
ftr-330	754	31	the	the	DET
ftr-330	754	32	$	$	SYM
ftr-330	754	33	90	90	NUM
ftr-330	754	34	distribution	distribution	NOUN
ftr-330	754	35	to	to	ADP
ftr-330	754	36	p	p	NOUN
ftr-330	754	37	would	would	AUX
ftr-330	754	38	have	have	AUX
ftr-330	754	39	resulted	result	VERB
ftr-330	754	40	in	in	ADP
ftr-330	754	41	an	an	DET
ftr-330	754	42	excess	excess	ADJ
ftr-330	754	43	loss	loss	NOUN
ftr-330	754	44	account	account	NOUN
ftr-330	754	45	with	with	ADP
ftr-330	754	46	respect	respect	NOUN
ftr-330	754	47	to	to	ADP
ftr-330	754	48	the	the	DET
ftr-330	754	49	t	t	NOUN
ftr-330	754	50	stock	stock	NOUN
ftr-330	754	51	.	.	PUNCT
ftr-330	755	1	on	on	ADP
ftr-330	755	2	a	a	DET
ftr-330	755	3	single	single	ADJ
ftr-330	755	4	entity	entity	NOUN
ftr-330	755	5	basis	basis	NOUN
ftr-330	755	6	,	,	PUNCT
ftr-330	755	7	the	the	DET
ftr-330	755	8	excess	excess	ADJ
ftr-330	755	9	loss	loss	NOUN
ftr-330	755	10	account	account	NOUN
ftr-330	755	11	would	would	AUX
ftr-330	755	12	have	have	AUX
ftr-330	755	13	been	be	AUX
ftr-330	755	14	$	$	SYM
ftr-330	755	15	75	75	NUM
ftr-330	755	16	,	,	PUNCT
ftr-330	755	17	the	the	DET
ftr-330	755	18	original	original	ADJ
ftr-330	755	19	$	$	SYM
ftr-330	755	20	10	10	NUM
ftr-330	755	21	of	of	ADP
ftr-330	755	22	basis	basis	NOUN
ftr-330	755	23	,	,	PUNCT
ftr-330	755	24	increased	increase	VERB
ftr-330	755	25	by	by	ADP
ftr-330	755	26	$	$	SYM
ftr-330	755	27	5	5	NUM
ftr-330	755	28	of	of	ADP
ftr-330	755	29	earnings	earning	NOUN
ftr-330	755	30	and	and	CCONJ
ftr-330	755	31	profits	profit	NOUN
ftr-330	755	32	and	and	CCONJ
ftr-330	755	33	decreased	decrease	VERB
ftr-330	755	34	by	by	ADP
ftr-330	755	35	the	the	DET
ftr-330	755	36	$	$	SYM
ftr-330	755	37	90	90	NUM
ftr-330	755	38	distribution	distribution	NOUN
ftr-330	755	39	.	.	PUNCT
ftr-330	756	1	accordingly	accordingly	ADV
ftr-330	756	2	,	,	PUNCT
ftr-330	756	3	s	s	VERB
ftr-330	756	4	is	be	AUX
ftr-330	756	5	required	require	VERB
ftr-330	756	6	to	to	PART
ftr-330	756	7	take	take	VERB
ftr-330	756	8	into	into	ADP
ftr-330	756	9	account	account	NOUN
ftr-330	756	10	$	$	SYM
ftr-330	756	11	75	75	NUM
ftr-330	756	12	of	of	ADP
ftr-330	756	13	deferred	deferred	ADJ
ftr-330	756	14	gain	gain	NOUN
ftr-330	756	15	when	when	SCONJ
ftr-330	756	16	t	t	PROPN
ftr-330	756	17	ceases	cease	VERB
ftr-330	756	18	to	to	PART
ftr-330	756	19	be	be	AUX
ftr-330	756	20	a	a	DET
ftr-330	756	21	member	member	NOUN
ftr-330	756	22	of	of	ADP
ftr-330	756	23	the	the	DET
ftr-330	756	24	consolidated	consolidated	ADJ
ftr-330	756	25	group	group	NOUN
ftr-330	756	26	.	.	PUNCT
ftr-330	757	1	the	the	DET
ftr-330	757	2	remaining	remain	VERB
ftr-330	757	3	$	$	SYM
ftr-330	757	4	15	15	NUM
ftr-330	757	5	of	of	ADP
ftr-330	757	6	s	s	PRON
ftr-330	757	7	’s	’s	PART
ftr-330	757	8	deferred	deferred	ADJ
ftr-330	757	9	gain	gain	NOUN
ftr-330	757	10	remains	remain	VERB
ftr-330	757	11	a	a	DET
ftr-330	757	12	deferred	defer	VERB
ftr-330	757	13	item	item	NOUN
ftr-330	757	14	for	for	ADP
ftr-330	757	15	s	s	PROPN
ftr-330	757	16	,	,	PUNCT
ftr-330	757	17	which	which	PRON
ftr-330	757	18	can	can	AUX
ftr-330	757	19	be	be	AUX
ftr-330	757	20	matched	match	VERB
ftr-330	757	21	with	with	ADP
ftr-330	757	22	p	p	X
ftr-330	757	23	’s	’s	ADJ
ftr-330	757	24	disposition	disposition	NOUN
ftr-330	757	25	of	of	ADP
ftr-330	757	26	its	its	PRON
ftr-330	757	27	remaining	remain	VERB
ftr-330	757	28	t	t	NOUN
ftr-330	757	29	stock	stock	NOUN
ftr-330	757	30	,	,	PUNCT
ftr-330	757	31	or	or	CCONJ
ftr-330	757	32	accelerated	accelerate	VERB
ftr-330	757	33	if	if	SCONJ
ftr-330	757	34	either	either	PRON
ftr-330	757	35	s	s	VERB
ftr-330	757	36	or	or	CCONJ
ftr-330	757	37	p	p	NOUN
ftr-330	757	38	ceases	cease	VERB
ftr-330	757	39	to	to	PART
ftr-330	757	40	be	be	AUX
ftr-330	757	41	members	member	NOUN
ftr-330	757	42	of	of	ADP
ftr-330	757	43	the	the	DET
ftr-330	757	44	same	same	ADJ
ftr-330	757	45	consolidated	consolidated	ADJ
ftr-330	757	46	group.145	group.145	NOUN
ftr-330	757	47	3	3	NUM
ftr-330	757	48	.	.	PUNCT
ftr-330	757	49	liquidation	liquidation	NOUN
ftr-330	757	50	of	of	ADP
ftr-330	757	51	a	a	DET
ftr-330	757	52	subsidiary	subsidiary	NOUN
ftr-330	757	53	where	where	SCONJ
ftr-330	757	54	a	a	DET
ftr-330	757	55	parent	parent	NOUN
ftr-330	757	56	corporation	corporation	NOUN
ftr-330	757	57	completely	completely	ADV
ftr-330	757	58	liquidates	liquidate	VERB
ftr-330	757	59	a	a	DET
ftr-330	757	60	subsidiary	subsidiary	ADJ
ftr-330	757	61	corporation	corporation	NOUN
ftr-330	757	62	that	that	PRON
ftr-330	757	63	it	it	PRON
ftr-330	757	64	controls	control	VERB
ftr-330	757	65	,	,	PUNCT
ftr-330	757	66	under	under	ADP
ftr-330	757	67	section	section	NOUN
ftr-330	757	68	332	332	NUM
ftr-330	757	69	no	no	DET
ftr-330	757	70	gain	gain	NOUN
ftr-330	757	71	or	or	CCONJ
ftr-330	757	72	loss	loss	NOUN
ftr-330	757	73	is	be	AUX
ftr-330	757	74	recognized	recognize	VERB
ftr-330	757	75	to	to	ADP
ftr-330	757	76	the	the	DET
ftr-330	757	77	parent	parent	NOUN
ftr-330	757	78	.	.	PUNCT
ftr-330	758	1	this	this	DET
ftr-330	758	2	provision	provision	NOUN
ftr-330	758	3	also	also	ADV
ftr-330	758	4	applies	apply	VERB
ftr-330	758	5	if	if	SCONJ
ftr-330	758	6	a	a	DET
ftr-330	758	7	controlled	control	VERB
ftr-330	758	8	subsidiary	subsidiary	NOUN
ftr-330	758	9	merges	merge	VERB
ftr-330	758	10	into	into	ADP
ftr-330	758	11	its	its	PRON
ftr-330	758	12	parent	parent	NOUN
ftr-330	758	13	corporation.146	corporation.146	NOUN
ftr-330	758	14	section	section	NOUN
ftr-330	758	15	332	332	NUM
ftr-330	758	16	is	be	AUX
ftr-330	758	17	another	another	DET
ftr-330	758	18	one	one	NUM
ftr-330	758	19	of	of	ADP
ftr-330	758	20	the	the	DET
ftr-330	758	21	basic	basic	ADJ
ftr-330	758	22	code	code	NOUN
ftr-330	758	23	provisions	provision	NOUN
ftr-330	758	24	that	that	PRON
ftr-330	758	25	operates	operate	VERB
ftr-330	758	26	with	with	ADP
ftr-330	758	27	the	the	DET
ftr-330	758	28	consolidated	consolidated	ADJ
ftr-330	758	29	return	return	NOUN
ftr-330	758	30	regime	regime	NOUN
ftr-330	758	31	as	as	ADV
ftr-330	758	32	well	well	ADV
ftr-330	758	33	as	as	ADP
ftr-330	758	34	without	without	ADP
ftr-330	758	35	the	the	DET
ftr-330	758	36	consolidated	consolidated	ADJ
ftr-330	758	37	return	return	NOUN
ftr-330	758	38	regime	regime	NOUN
ftr-330	758	39	.	.	PUNCT
ftr-330	759	1	“	"	PUNCT
ftr-330	759	2	control	control	NOUN
ftr-330	759	3	”	"	PUNCT
ftr-330	759	4	is	be	AUX
ftr-330	759	5	defined	define	VERB
ftr-330	759	6	in	in	ADP
ftr-330	759	7	section	section	NOUN
ftr-330	759	8	332(b)(1	332(b)(1	NUM
ftr-330	759	9	)	)	PUNCT
ftr-330	759	10	,	,	PUNCT
ftr-330	759	11	through	through	ADP
ftr-330	759	12	a	a	DET
ftr-330	759	13	cross	cross	NOUN
ftr-330	759	14	reference	reference	NOUN
ftr-330	759	15	to	to	ADP
ftr-330	759	16	section	section	NOUN
ftr-330	759	17	1504(a)(2	1504(a)(2	NUM
ftr-330	759	18	)	)	PUNCT
ftr-330	759	19	,	,	PUNCT
ftr-330	759	20	as	as	ADP
ftr-330	759	21	holding	hold	VERB
ftr-330	759	22	both	both	DET
ftr-330	759	23	(	(	PUNCT
ftr-330	759	24	1	1	NUM
ftr-330	759	25	)	)	PUNCT
ftr-330	759	26	80	80	NUM
ftr-330	759	27	percent	percent	NOUN
ftr-330	759	28	or	or	CCONJ
ftr-330	759	29	more	more	ADJ
ftr-330	759	30	of	of	ADP
ftr-330	759	31	the	the	DET
ftr-330	759	32	voting	voting	NOUN
ftr-330	759	33	power	power	NOUN
ftr-330	759	34	,	,	PUNCT
ftr-330	759	35	and	and	CCONJ
ftr-330	759	36	(	(	PUNCT
ftr-330	759	37	2	2	NUM
ftr-330	759	38	)	)	PUNCT
ftr-330	759	39	80	80	NUM
ftr-330	759	40	percent	percent	NOUN
ftr-330	759	41	or	or	CCONJ
ftr-330	759	42	more	more	ADJ
ftr-330	759	43	of	of	ADP
ftr-330	759	44	the	the	DET
ftr-330	759	45	total	total	ADJ
ftr-330	759	46	value	value	NOUN
ftr-330	759	47	of	of	ADP
ftr-330	759	48	all	all	DET
ftr-330	759	49	stock	stock	NOUN
ftr-330	759	50	of	of	ADP
ftr-330	759	51	the	the	DET
ftr-330	759	52	corporation	corporation	NOUN
ftr-330	759	53	,	,	PUNCT
ftr-330	759	54	except	except	SCONJ
ftr-330	759	55	that	that	PRON
ftr-330	759	56	pursuant	pursuant	NOUN
ftr-330	759	57	to	to	ADP
ftr-330	759	58	section	section	NOUN
ftr-330	759	59	1504(a)(4	1504(a)(4	NUM
ftr-330	759	60	)	)	PUNCT
ftr-330	759	61	,	,	PUNCT
ftr-330	759	62	nonparticipating	nonparticipating	NOUN
ftr-330	759	63	,	,	PUNCT
ftr-330	759	64	nonconvertible	nonconvertible	ADJ
ftr-330	759	65	,	,	PUNCT
ftr-330	759	66	nonvoting	nonvoting	ADJ
ftr-330	759	67	preferred	preferred	ADJ
ftr-330	759	68	stock	stock	NOUN
ftr-330	759	69	is	be	AUX
ftr-330	759	70	not	not	PART
ftr-330	759	71	taken	take	VERB
ftr-330	759	72	into	into	ADP
ftr-330	759	73	account	account	NOUN
ftr-330	759	74	.	.	PUNCT
ftr-330	760	1	when	when	SCONJ
ftr-330	760	2	section	section	NOUN
ftr-330	760	3	332	332	NUM
ftr-330	760	4	applies	apply	VERB
ftr-330	760	5	to	to	ADP
ftr-330	760	6	the	the	DET
ftr-330	760	7	parent	parent	NOUN
ftr-330	760	8	of	of	ADP
ftr-330	760	9	a	a	DET
ftr-330	760	10	liquidating	liquidating	NOUN
ftr-330	760	11	corporation	corporation	NOUN
ftr-330	760	12	,	,	PUNCT
ftr-330	760	13	section	section	NOUN
ftr-330	760	14	337	337	NUM
ftr-330	760	15	provides	provide	VERB
ftr-330	760	16	a	a	DET
ftr-330	760	17	general	general	ADJ
ftr-330	760	18	exception	exception	NOUN
ftr-330	760	19	to	to	ADP
ftr-330	760	20	the	the	DET
ftr-330	760	21	basic	basic	ADJ
ftr-330	760	22	rule	rule	NOUN
ftr-330	760	23	of	of	ADP
ftr-330	760	24	section	section	NOUN
ftr-330	760	25	336	336	NUM
ftr-330	760	26	that	that	SCONJ
ftr-330	760	27	a	a	DET
ftr-330	760	28	liquidating	liquidate	VERB
ftr-330	760	29	corporation	corporation	NOUN
ftr-330	760	30	recognizes	recognize	VERB
ftr-330	760	31	gain	gain	NOUN
ftr-330	760	32	or	or	CCONJ
ftr-330	760	33	loss	loss	NOUN
ftr-330	760	34	on	on	ADP
ftr-330	760	35	liquidating	liquidate	VERB
ftr-330	760	36	distributions.147	distributions.147	NOUN
ftr-330	760	37	under	under	ADP
ftr-330	760	38	section	section	NOUN
ftr-330	760	39	337(a	337(a	PROPN
ftr-330	760	40	)	)	PUNCT
ftr-330	760	41	,	,	PUNCT
ftr-330	760	42	no	no	DET
ftr-330	760	43	gain	gain	NOUN
ftr-330	760	44	or	or	CCONJ
ftr-330	760	45	loss	loss	NOUN
ftr-330	760	46	is	be	AUX
ftr-330	760	47	recognized	recognize	VERB
ftr-330	760	48	on	on	ADP
ftr-330	760	49	a	a	DET
ftr-330	760	50	distribution	distribution	NOUN
ftr-330	760	51	to	to	ADP
ftr-330	760	52	an	an	DET
ftr-330	760	53	“	"	PUNCT
ftr-330	760	54	80	80	NUM
ftr-330	760	55	percent	percent	NOUN
ftr-330	760	56	distributee	distributee	NOUN
ftr-330	760	57	”	"	PUNCT
ftr-330	760	58	,	,	PUNCT
ftr-330	760	59	defined	define	VERB
ftr-330	760	60	in	in	ADP
ftr-330	760	61	section	section	NOUN
ftr-330	760	62	337(c	337(c	PROPN
ftr-330	760	63	)	)	PUNCT
ftr-330	760	64	as	as	ADP
ftr-330	760	65	a	a	DET
ftr-330	760	66	144	144	NUM
ftr-330	760	67	.	.	PUNCT
ftr-330	760	68	reg	reg	NOUN
ftr-330	760	69	.	.	PUNCT
ftr-330	761	1	§	§	PROPN
ftr-330	761	2	1.1502–13(f)(7	1.1502–13(f)(7	NUM
ftr-330	761	3	)	)	PUNCT
ftr-330	761	4	,	,	PUNCT
ftr-330	761	5	ex	ex	NOUN
ftr-330	761	6	.	.	NOUN
ftr-330	761	7	2	2	NUM
ftr-330	761	8	.	.	NUM
ftr-330	761	9	145	145	NUM
ftr-330	761	10	.	.	PUNCT
ftr-330	762	1	reg	reg	NOUN
ftr-330	762	2	.	.	PUNCT
ftr-330	763	1	§	§	PROPN
ftr-330	763	2	1.1502–19	1.1502–19	NUM
ftr-330	763	3	.	.	PUNCT
ftr-330	764	1	the	the	DET
ftr-330	764	2	deferred	defer	VERB
ftr-330	764	3	gain	gain	NOUN
ftr-330	764	4	or	or	CCONJ
ftr-330	764	5	loss	loss	NOUN
ftr-330	764	6	is	be	AUX
ftr-330	764	7	not	not	PART
ftr-330	764	8	accelerated	accelerate	VERB
ftr-330	764	9	when	when	SCONJ
ftr-330	764	10	the	the	DET
ftr-330	764	11	group	group	NOUN
ftr-330	764	12	is	be	AUX
ftr-330	764	13	acquired	acquire	VERB
ftr-330	764	14	in	in	ADP
ftr-330	764	15	a	a	DET
ftr-330	764	16	reverse	reverse	ADJ
ftr-330	764	17	acquisition	acquisition	NOUN
ftr-330	764	18	,	,	PUNCT
ftr-330	764	19	another	another	DET
ftr-330	764	20	group	group	NOUN
ftr-330	764	21	acquires	acquire	VERB
ftr-330	764	22	the	the	DET
ftr-330	764	23	common	common	ADJ
ftr-330	764	24	parent	parent	NOUN
ftr-330	764	25	’s	’s	PART
ftr-330	764	26	stock	stock	NOUN
ftr-330	764	27	,	,	PUNCT
ftr-330	764	28	or	or	CCONJ
ftr-330	764	29	another	another	DET
ftr-330	764	30	group	group	NOUN
ftr-330	764	31	acquires	acquire	VERB
ftr-330	764	32	the	the	DET
ftr-330	764	33	common	common	ADJ
ftr-330	764	34	parent	parent	NOUN
ftr-330	764	35	’s	’s	PART
ftr-330	764	36	assets	asset	NOUN
ftr-330	764	37	in	in	ADP
ftr-330	764	38	a	a	DET
ftr-330	764	39	section	section	NOUN
ftr-330	764	40	381(a)(2	381(a)(2	NUM
ftr-330	764	41	)	)	PUNCT
ftr-330	764	42	transaction	transaction	NOUN
ftr-330	764	43	.	.	PUNCT
ftr-330	765	1	reg	reg	NOUN
ftr-330	765	2	.	.	PUNCT
ftr-330	766	1	§	§	PROPN
ftr-330	766	2	1.1502–19(c)(3	1.1502–19(c)(3	NUM
ftr-330	766	3	)	)	PUNCT
ftr-330	766	4	.	.	PUNCT
ftr-330	767	1	146	146	NUM
ftr-330	767	2	.	.	PUNCT
ftr-330	767	3	reg	reg	PROPN
ftr-330	767	4	.	.	PUNCT
ftr-330	768	1	§	§	PROPN
ftr-330	768	2	1.332–2(d	1.332–2(d	NUM
ftr-330	768	3	)	)	PUNCT
ftr-330	768	4	.	.	PUNCT
ftr-330	769	1	147	147	NUM
ftr-330	769	2	.	.	PUNCT
ftr-330	770	1	to	to	PART
ftr-330	770	2	prevent	prevent	VERB
ftr-330	770	3	the	the	DET
ftr-330	770	4	complete	complete	ADJ
ftr-330	770	5	avoidance	avoidance	NOUN
ftr-330	770	6	of	of	ADP
ftr-330	770	7	tax	tax	NOUN
ftr-330	770	8	on	on	ADP
ftr-330	770	9	appreciation	appreciation	NOUN
ftr-330	770	10	in	in	ADP
ftr-330	770	11	the	the	DET
ftr-330	770	12	subsidiary	subsidiary	NOUN
ftr-330	770	13	’s	’s	PART
ftr-330	770	14	assets	asset	NOUN
ftr-330	770	15	,	,	PUNCT
ftr-330	770	16	subject	subject	ADJ
ftr-330	770	17	to	to	ADP
ftr-330	770	18	certain	certain	ADJ
ftr-330	770	19	exceptions	exception	NOUN
ftr-330	770	20	,	,	PUNCT
ftr-330	770	21	section	section	NOUN
ftr-330	770	22	337	337	NUM
ftr-330	770	23	does	do	AUX
ftr-330	770	24	not	not	PART
ftr-330	770	25	apply	apply	VERB
ftr-330	770	26	to	to	ADP
ftr-330	770	27	a	a	DET
ftr-330	770	28	liquidation	liquidation	NOUN
ftr-330	770	29	of	of	ADP
ftr-330	770	30	a	a	DET
ftr-330	770	31	subsidiary	subsidiary	NOUN
ftr-330	770	32	of	of	ADP
ftr-330	770	33	a	a	DET
ftr-330	770	34	tax	tax	NOUN
ftr-330	770	35	-	-	PUNCT
ftr-330	770	36	exempt	exempt	ADJ
ftr-330	770	37	organization	organization	NOUN
ftr-330	770	38	.	.	PUNCT
ftr-330	771	1	i.r.c	i.r.c	NOUN
ftr-330	771	2	.	.	PUNCT
ftr-330	772	1	§	§	PROPN
ftr-330	772	2	337(b)(2	337(b)(2	NUM
ftr-330	772	3	)	)	PUNCT
ftr-330	772	4	.	.	PUNCT
ftr-330	773	1	this	this	DET
ftr-330	773	2	provision	provision	NOUN
ftr-330	773	3	is	be	AUX
ftr-330	773	4	necessary	necessary	ADJ
ftr-330	773	5	because	because	SCONJ
ftr-330	773	6	notwithstanding	notwithstanding	ADP
ftr-330	773	7	a	a	DET
ftr-330	773	8	carryover	carryover	NOUN
ftr-330	773	9	basis	basis	NOUN
ftr-330	773	10	under	under	ADP
ftr-330	773	11	section	section	NOUN
ftr-330	773	12	334(b	334(b	NUM
ftr-330	773	13	)	)	PUNCT
ftr-330	773	14	,	,	PUNCT
ftr-330	773	15	a	a	DET
ftr-330	773	16	subsequent	subsequent	ADJ
ftr-330	773	17	sale	sale	NOUN
ftr-330	773	18	of	of	ADP
ftr-330	773	19	the	the	DET
ftr-330	773	20	former	former	ADJ
ftr-330	773	21	subsidiary	subsidiary	NOUN
ftr-330	773	22	’s	’s	PART
ftr-330	773	23	assets	asset	NOUN
ftr-330	773	24	generally	generally	ADV
ftr-330	773	25	would	would	AUX
ftr-330	773	26	not	not	PART
ftr-330	773	27	be	be	AUX
ftr-330	773	28	taxable	taxable	ADJ
ftr-330	773	29	.	.	PUNCT
ftr-330	774	1	2012	2012	NUM
ftr-330	774	2	]	]	PUNCT
ftr-330	774	3	understanding	understand	VERB
ftr-330	774	4	consolidated	consolidated	ADJ
ftr-330	774	5	returns	return	NOUN
ftr-330	774	6	163	163	NUM
ftr-330	774	7	corporation	corporation	NOUN
ftr-330	774	8	that	that	PRON
ftr-330	774	9	meets	meet	VERB
ftr-330	774	10	the	the	DET
ftr-330	774	11	stock	stock	NOUN
ftr-330	774	12	ownership	ownership	NOUN
ftr-330	774	13	requirements	requirement	NOUN
ftr-330	774	14	of	of	ADP
ftr-330	774	15	section	section	NOUN
ftr-330	774	16	332(b	332(b	PROPN
ftr-330	774	17	)	)	PUNCT
ftr-330	774	18	.	.	PUNCT
ftr-330	775	1	the	the	DET
ftr-330	775	2	final	final	ADJ
ftr-330	775	3	sentence	sentence	NOUN
ftr-330	775	4	of	of	ADP
ftr-330	775	5	section	section	NOUN
ftr-330	775	6	337(c	337(c	PROPN
ftr-330	775	7	)	)	PUNCT
ftr-330	775	8	requires	require	VERB
ftr-330	775	9	that	that	SCONJ
ftr-330	775	10	a	a	DET
ftr-330	775	11	single	single	ADJ
ftr-330	775	12	corporation	corporation	NOUN
ftr-330	775	13	must	must	AUX
ftr-330	775	14	meet	meet	VERB
ftr-330	775	15	the	the	DET
ftr-330	775	16	80	80	NUM
ftr-330	775	17	percent	percent	NOUN
ftr-330	775	18	requirement	requirement	NOUN
ftr-330	775	19	:	:	PUNCT
ftr-330	775	20	it	it	PRON
ftr-330	775	21	is	be	AUX
ftr-330	775	22	not	not	PART
ftr-330	775	23	sufficient	sufficient	ADJ
ftr-330	775	24	for	for	SCONJ
ftr-330	775	25	two	two	NUM
ftr-330	775	26	or	or	CCONJ
ftr-330	775	27	more	more	ADV
ftr-330	775	28	affiliated	affiliated	ADJ
ftr-330	775	29	corporations	corporation	NOUN
ftr-330	775	30	to	to	PART
ftr-330	775	31	have	have	VERB
ftr-330	775	32	aggregate	aggregate	ADJ
ftr-330	775	33	holdings	holding	NOUN
ftr-330	775	34	meeting	meet	VERB
ftr-330	775	35	the	the	DET
ftr-330	775	36	80	80	NUM
ftr-330	775	37	percent	percent	NOUN
ftr-330	775	38	test	test	NOUN
ftr-330	775	39	.	.	PUNCT
ftr-330	776	1	section	section	NOUN
ftr-330	776	2	337	337	NUM
ftr-330	776	3	does	do	AUX
ftr-330	776	4	not	not	PART
ftr-330	776	5	apply	apply	VERB
ftr-330	776	6	to	to	ADP
ftr-330	776	7	a	a	DET
ftr-330	776	8	liquidating	liquidate	VERB
ftr-330	776	9	subsidiary	subsidiary	NOUN
ftr-330	776	10	if	if	SCONJ
ftr-330	776	11	the	the	DET
ftr-330	776	12	80	80	NUM
ftr-330	776	13	percent	percent	NOUN
ftr-330	776	14	controlling	control	VERB
ftr-330	776	15	parent	parent	NOUN
ftr-330	776	16	is	be	AUX
ftr-330	776	17	a	a	DET
ftr-330	776	18	foreign	foreign	ADJ
ftr-330	776	19	corporation	corporation	NOUN
ftr-330	776	20	(	(	PUNCT
ftr-330	776	21	which	which	PRON
ftr-330	776	22	,	,	PUNCT
ftr-330	776	23	in	in	ADP
ftr-330	776	24	any	any	DET
ftr-330	776	25	event	event	NOUN
ftr-330	776	26	,	,	PUNCT
ftr-330	776	27	can	can	AUX
ftr-330	776	28	not	not	PART
ftr-330	776	29	be	be	AUX
ftr-330	776	30	included	include	VERB
ftr-330	776	31	in	in	ADP
ftr-330	776	32	a	a	DET
ftr-330	776	33	consolidated	consolidated	ADJ
ftr-330	776	34	return	return	NOUN
ftr-330	776	35	with	with	ADP
ftr-330	776	36	an	an	DET
ftr-330	776	37	affiliated	affiliated	ADJ
ftr-330	776	38	group	group	NOUN
ftr-330	776	39	of	of	ADP
ftr-330	776	40	u.s	u.s	PROPN
ftr-330	776	41	.	.	PROPN
ftr-330	776	42	subsidiaries).148	subsidiaries).148	PROPN
ftr-330	776	43	both	both	DET
ftr-330	776	44	gains	gain	NOUN
ftr-330	776	45	and	and	CCONJ
ftr-330	776	46	losses	loss	NOUN
ftr-330	776	47	are	be	AUX
ftr-330	776	48	recognized	recognize	VERB
ftr-330	776	49	.	.	PUNCT
ftr-330	777	1	however	however	ADV
ftr-330	777	2	,	,	PUNCT
ftr-330	777	3	capital	capital	NOUN
ftr-330	777	4	losses	loss	NOUN
ftr-330	777	5	may	may	AUX
ftr-330	777	6	not	not	PART
ftr-330	777	7	exceed	exceed	VERB
ftr-330	777	8	capital	capital	NOUN
ftr-330	777	9	gains	gain	NOUN
ftr-330	777	10	and	and	CCONJ
ftr-330	777	11	ordinary	ordinary	ADJ
ftr-330	777	12	losses	loss	NOUN
ftr-330	777	13	may	may	AUX
ftr-330	777	14	not	not	PART
ftr-330	777	15	exceed	exceed	VERB
ftr-330	777	16	ordinary	ordinary	ADJ
ftr-330	777	17	gains	gain	NOUN
ftr-330	777	18	.	.	PUNCT
ftr-330	778	1	excess	excess	ADJ
ftr-330	778	2	losses	loss	NOUN
ftr-330	778	3	in	in	ADP
ftr-330	778	4	either	either	DET
ftr-330	778	5	category	category	NOUN
ftr-330	778	6	are	be	AUX
ftr-330	778	7	disallowed	disallow	VERB
ftr-330	778	8	.	.	PUNCT
ftr-330	779	1	the	the	DET
ftr-330	779	2	gain	gain	NOUN
ftr-330	779	3	recognition	recognition	NOUN
ftr-330	779	4	rule	rule	NOUN
ftr-330	779	5	does	do	AUX
ftr-330	779	6	not	not	PART
ftr-330	779	7	apply	apply	VERB
ftr-330	779	8	if	if	SCONJ
ftr-330	779	9	the	the	DET
ftr-330	779	10	property	property	NOUN
ftr-330	779	11	remains	remain	VERB
ftr-330	779	12	within	within	ADP
ftr-330	779	13	u.s	u.s	PROPN
ftr-330	779	14	.	.	PROPN
ftr-330	779	15	jurisdiction	jurisdiction	NOUN
ftr-330	779	16	,	,	PUNCT
ftr-330	779	17	for	for	ADP
ftr-330	779	18	example	example	NOUN
ftr-330	779	19	,	,	PUNCT
ftr-330	779	20	u.s	u.s	PROPN
ftr-330	779	21	.	.	PROPN
ftr-330	779	22	real	real	ADJ
ftr-330	779	23	property	property	NOUN
ftr-330	779	24	interests	interest	NOUN
ftr-330	779	25	or	or	CCONJ
ftr-330	779	26	u.s	u.s	PROPN
ftr-330	779	27	.	.	PROPN
ftr-330	779	28	real	real	ADJ
ftr-330	779	29	property	property	NOUN
ftr-330	779	30	holding	hold	VERB
ftr-330	779	31	company	company	NOUN
ftr-330	779	32	holding	hold	VERB
ftr-330	779	33	companies	company	NOUN
ftr-330	779	34	,	,	PUNCT
ftr-330	779	35	or	or	CCONJ
ftr-330	779	36	assets	asset	NOUN
ftr-330	779	37	used	use	VERB
ftr-330	779	38	in	in	ADP
ftr-330	779	39	a	a	DET
ftr-330	779	40	u.s	u.s	PROPN
ftr-330	779	41	.	.	PROPN
ftr-330	779	42	trade	trade	NOUN
ftr-330	779	43	or	or	CCONJ
ftr-330	779	44	business	business	NOUN
ftr-330	779	45	,	,	PUNCT
ftr-330	779	46	if	if	SCONJ
ftr-330	779	47	certain	certain	ADJ
ftr-330	779	48	conditions	condition	NOUN
ftr-330	779	49	are	be	AUX
ftr-330	779	50	met.149	met.149	VERB
ftr-330	779	51	under	under	ADP
ftr-330	779	52	section	section	NOUN
ftr-330	779	53	334(b	334(b	NUM
ftr-330	779	54	)	)	PUNCT
ftr-330	779	55	the	the	DET
ftr-330	779	56	basis	basis	NOUN
ftr-330	779	57	of	of	ADP
ftr-330	779	58	the	the	DET
ftr-330	779	59	assets	asset	NOUN
ftr-330	779	60	in	in	ADP
ftr-330	779	61	the	the	DET
ftr-330	779	62	parent	parent	NOUN
ftr-330	779	63	corporation	corporation	NOUN
ftr-330	779	64	’s	’s	PART
ftr-330	779	65	hands	hand	NOUN
ftr-330	779	66	remains	remain	VERB
ftr-330	779	67	the	the	DET
ftr-330	779	68	same	same	ADJ
ftr-330	779	69	as	as	ADP
ftr-330	779	70	the	the	DET
ftr-330	779	71	basis	basis	NOUN
ftr-330	779	72	of	of	ADP
ftr-330	779	73	the	the	DET
ftr-330	779	74	assets	asset	NOUN
ftr-330	779	75	to	to	ADP
ftr-330	779	76	the	the	DET
ftr-330	779	77	subsidiary	subsidiary	NOUN
ftr-330	779	78	corporation	corporation	NOUN
ftr-330	779	79	,	,	PUNCT
ftr-330	779	80	except	except	SCONJ
ftr-330	779	81	that	that	SCONJ
ftr-330	779	82	if	if	SCONJ
ftr-330	779	83	gain	gain	NOUN
ftr-330	779	84	or	or	CCONJ
ftr-330	779	85	loss	loss	NOUN
ftr-330	779	86	is	be	AUX
ftr-330	779	87	recognized	recognize	VERB
ftr-330	779	88	on	on	ADP
ftr-330	779	89	a	a	DET
ftr-330	779	90	distribution	distribution	NOUN
ftr-330	779	91	of	of	ADP
ftr-330	779	92	property	property	NOUN
ftr-330	779	93	,	,	PUNCT
ftr-330	779	94	its	its	PRON
ftr-330	779	95	basis	basis	NOUN
ftr-330	779	96	is	be	AUX
ftr-330	779	97	its	its	PRON
ftr-330	779	98	fair	fair	ADJ
ftr-330	779	99	market	market	NOUN
ftr-330	779	100	value	value	NOUN
ftr-330	779	101	.	.	PUNCT
ftr-330	780	1	section	section	NOUN
ftr-330	780	2	332(d	332(d	NUM
ftr-330	780	3	)	)	PUNCT
ftr-330	780	4	treats	treat	VERB
ftr-330	780	5	a	a	DET
ftr-330	780	6	liquidating	liquidating	NOUN
ftr-330	780	7	distribution	distribution	NOUN
ftr-330	780	8	by	by	ADP
ftr-330	780	9	a	a	DET
ftr-330	780	10	u.s	u.s	PROPN
ftr-330	780	11	.	.	PROPN
ftr-330	780	12	holding	hold	VERB
ftr-330	780	13	company	company	NOUN
ftr-330	780	14	to	to	ADP
ftr-330	780	15	a	a	DET
ftr-330	780	16	foreign	foreign	ADJ
ftr-330	780	17	corporation	corporation	NOUN
ftr-330	780	18	as	as	ADP
ftr-330	780	19	a	a	DET
ftr-330	780	20	section	section	NOUN
ftr-330	780	21	301	301	NUM
ftr-330	780	22	distribution	distribution	NOUN
ftr-330	780	23	,	,	PUNCT
ftr-330	780	24	which	which	PRON
ftr-330	780	25	is	be	AUX
ftr-330	780	26	a	a	DET
ftr-330	780	27	dividend	dividend	NOUN
ftr-330	780	28	to	to	ADP
ftr-330	780	29	the	the	DET
ftr-330	780	30	extent	extent	NOUN
ftr-330	780	31	of	of	ADP
ftr-330	780	32	earnings	earning	NOUN
ftr-330	780	33	and	and	CCONJ
ftr-330	780	34	profits	profit	NOUN
ftr-330	780	35	,	,	PUNCT
ftr-330	780	36	thereby	thereby	ADV
ftr-330	780	37	invoking	invoke	VERB
ftr-330	780	38	the	the	DET
ftr-330	780	39	30	30	NUM
ftr-330	780	40	percent	percent	NOUN
ftr-330	780	41	withholding	withholding	NOUN
ftr-330	780	42	tax	tax	NOUN
ftr-330	780	43	under	under	ADP
ftr-330	780	44	sections	section	NOUN
ftr-330	780	45	861	861	NUM
ftr-330	780	46	and	and	CCONJ
ftr-330	780	47	1441	1441	NUM
ftr-330	780	48	,	,	PUNCT
ftr-330	780	49	if	if	SCONJ
ftr-330	780	50	the	the	DET
ftr-330	780	51	holding	hold	VERB
ftr-330	780	52	company	company	NOUN
ftr-330	780	53	has	have	AUX
ftr-330	780	54	not	not	PART
ftr-330	780	55	been	be	AUX
ftr-330	780	56	in	in	ADP
ftr-330	780	57	existence	existence	NOUN
ftr-330	780	58	for	for	ADP
ftr-330	780	59	five	five	NUM
ftr-330	780	60	years	year	NOUN
ftr-330	780	61	.	.	PUNCT
ftr-330	781	1	section	section	NOUN
ftr-330	781	2	332	332	NUM
ftr-330	781	3	applies	apply	VERB
ftr-330	781	4	to	to	PART
ftr-330	781	5	provide	provide	VERB
ftr-330	781	6	nonrecognition	nonrecognition	NOUN
ftr-330	781	7	upon	upon	SCONJ
ftr-330	781	8	the	the	DET
ftr-330	781	9	liquidation	liquidation	NOUN
ftr-330	781	10	of	of	ADP
ftr-330	781	11	a	a	DET
ftr-330	781	12	subsidiary	subsidiary	NOUN
ftr-330	781	13	within	within	ADP
ftr-330	781	14	a	a	DET
ftr-330	781	15	consolidated	consolidated	ADJ
ftr-330	781	16	group	group	NOUN
ftr-330	781	17	.	.	PUNCT
ftr-330	782	1	consequently	consequently	ADV
ftr-330	782	2	,	,	PUNCT
ftr-330	782	3	the	the	DET
ftr-330	782	4	parent	parent	NOUN
ftr-330	782	5	corporation	corporation	NOUN
ftr-330	782	6	receiving	receive	VERB
ftr-330	782	7	the	the	DET
ftr-330	782	8	distribution	distribution	NOUN
ftr-330	782	9	takes	take	VERB
ftr-330	782	10	a	a	DET
ftr-330	782	11	transferred	transfer	VERB
ftr-330	782	12	basis	basis	NOUN
ftr-330	782	13	under	under	ADP
ftr-330	782	14	section	section	NOUN
ftr-330	782	15	334(b	334(b	NUM
ftr-330	782	16	)	)	PUNCT
ftr-330	782	17	.	.	PUNCT
ftr-330	783	1	furthermore	furthermore	ADV
ftr-330	783	2	,	,	PUNCT
ftr-330	783	3	in	in	ADP
ftr-330	783	4	determining	determine	VERB
ftr-330	783	5	whether	whether	SCONJ
ftr-330	783	6	one	one	NUM
ftr-330	783	7	member	member	NOUN
ftr-330	783	8	of	of	ADP
ftr-330	783	9	the	the	DET
ftr-330	783	10	group	group	NOUN
ftr-330	783	11	holds	hold	VERB
ftr-330	783	12	sufficient	sufficient	ADJ
ftr-330	783	13	stock	stock	NOUN
ftr-330	783	14	to	to	PART
ftr-330	783	15	qualify	qualify	VERB
ftr-330	783	16	for	for	ADP
ftr-330	783	17	nonrecognition	nonrecognition	NOUN
ftr-330	783	18	under	under	ADP
ftr-330	783	19	section	section	NOUN
ftr-330	783	20	332	332	NUM
ftr-330	783	21	,	,	PUNCT
ftr-330	783	22	stock	stock	NOUN
ftr-330	783	23	owned	own	VERB
ftr-330	783	24	by	by	ADP
ftr-330	783	25	other	other	ADJ
ftr-330	783	26	members	member	NOUN
ftr-330	783	27	of	of	ADP
ftr-330	783	28	the	the	DET
ftr-330	783	29	group	group	NOUN
ftr-330	783	30	shall	shall	AUX
ftr-330	783	31	be	be	AUX
ftr-330	783	32	taken	take	VERB
ftr-330	783	33	into	into	ADP
ftr-330	783	34	account.150	account.150	ADJ
ftr-330	783	35	assume	assume	NOUN
ftr-330	783	36	,	,	PUNCT
ftr-330	783	37	for	for	ADP
ftr-330	783	38	example	example	NOUN
ftr-330	783	39	,	,	PUNCT
ftr-330	783	40	that	that	SCONJ
ftr-330	783	41	y	y	PROPN
ftr-330	783	42	corporation	corporation	PROPN
ftr-330	783	43	and	and	CCONJ
ftr-330	783	44	z	z	PROPN
ftr-330	783	45	corporation	corporation	NOUN
ftr-330	783	46	,	,	PUNCT
ftr-330	783	47	which	which	PRON
ftr-330	783	48	are	be	AUX
ftr-330	783	49	members	member	NOUN
ftr-330	783	50	of	of	ADP
ftr-330	783	51	the	the	DET
ftr-330	783	52	same	same	ADJ
ftr-330	783	53	consolidated	consolidated	ADJ
ftr-330	783	54	group	group	NOUN
ftr-330	783	55	,	,	PUNCT
ftr-330	783	56	owned	own	VERB
ftr-330	783	57	60	60	NUM
ftr-330	783	58	percent	percent	NOUN
ftr-330	783	59	and	and	CCONJ
ftr-330	783	60	40	40	NUM
ftr-330	783	61	percent	percent	NOUN
ftr-330	783	62	,	,	PUNCT
ftr-330	783	63	respectively	respectively	ADV
ftr-330	783	64	,	,	PUNCT
ftr-330	783	65	of	of	ADP
ftr-330	783	66	the	the	DET
ftr-330	783	67	stock	stock	NOUN
ftr-330	783	68	of	of	ADP
ftr-330	783	69	s	s	PROPN
ftr-330	783	70	corporation	corporation	NOUN
ftr-330	783	71	,	,	PUNCT
ftr-330	783	72	and	and	CCONJ
ftr-330	783	73	s	s	VERB
ftr-330	783	74	corporation	corporation	NOUN
ftr-330	783	75	liquidates	liquidate	VERB
ftr-330	783	76	by	by	ADP
ftr-330	783	77	distributing	distribute	VERB
ftr-330	783	78	60	60	NUM
ftr-330	783	79	percent	percent	NOUN
ftr-330	783	80	of	of	ADP
ftr-330	783	81	its	its	PRON
ftr-330	783	82	assets	asset	NOUN
ftr-330	783	83	to	to	ADP
ftr-330	783	84	y	y	PROPN
ftr-330	783	85	corporation	corporation	NOUN
ftr-330	783	86	and	and	CCONJ
ftr-330	783	87	40	40	NUM
ftr-330	783	88	percent	percent	NOUN
ftr-330	783	89	of	of	ADP
ftr-330	783	90	its	its	PRON
ftr-330	783	91	assets	asset	NOUN
ftr-330	783	92	to	to	ADP
ftr-330	783	93	z.	z.	PROPN
ftr-330	783	94	section	section	PROPN
ftr-330	783	95	332	332	NUM
ftr-330	783	96	accords	accord	NOUN
ftr-330	783	97	nonrecognition	nonrecognition	NOUN
ftr-330	783	98	to	to	ADP
ftr-330	783	99	each	each	PRON
ftr-330	783	100	of	of	ADP
ftr-330	783	101	y	y	PROPN
ftr-330	783	102	corporation	corporation	PROPN
ftr-330	783	103	and	and	CCONJ
ftr-330	783	104	z	z	PROPN
ftr-330	783	105	corporation	corporation	NOUN
ftr-330	783	106	.	.	PUNCT
ftr-330	784	1	however	however	ADV
ftr-330	784	2	,	,	PUNCT
ftr-330	784	3	section	section	NOUN
ftr-330	784	4	337(c	337(c	PROPN
ftr-330	784	5	)	)	PUNCT
ftr-330	784	6	provides	provide	VERB
ftr-330	784	7	that	that	SCONJ
ftr-330	784	8	the	the	DET
ftr-330	784	9	determination	determination	NOUN
ftr-330	784	10	of	of	ADP
ftr-330	784	11	whether	whether	SCONJ
ftr-330	784	12	a	a	DET
ftr-330	784	13	corporation	corporation	NOUN
ftr-330	784	14	receiving	receive	VERB
ftr-330	784	15	a	a	DET
ftr-330	784	16	liquidating	liquidating	NOUN
ftr-330	784	17	distribution	distribution	NOUN
ftr-330	784	18	is	be	AUX
ftr-330	784	19	an	an	DET
ftr-330	784	20	“	"	PUNCT
ftr-330	784	21	80	80	NUM
ftr-330	784	22	–	–	PUNCT
ftr-330	784	23	percent	percent	NOUN
ftr-330	784	24	distributee	distributee	NOUN
ftr-330	784	25	,	,	PUNCT
ftr-330	784	26	”	"	PUNCT
ftr-330	784	27	distributions	distribution	NOUN
ftr-330	784	28	to	to	PART
ftr-330	784	29	which	which	PRON
ftr-330	784	30	do	do	AUX
ftr-330	784	31	not	not	PART
ftr-330	784	32	result	result	VERB
ftr-330	784	33	in	in	ADP
ftr-330	784	34	recognition	recognition	NOUN
ftr-330	784	35	the	the	DET
ftr-330	784	36	liquidating	liquidating	NOUN
ftr-330	784	37	corporation	corporation	NOUN
ftr-330	784	38	under	under	ADP
ftr-330	784	39	section	section	NOUN
ftr-330	784	40	337(a	337(a	PROPN
ftr-330	784	41	)	)	PUNCT
ftr-330	784	42	,	,	PUNCT
ftr-330	784	43	is	be	AUX
ftr-330	784	44	to	to	PART
ftr-330	784	45	be	be	AUX
ftr-330	784	46	made	make	VERB
ftr-330	784	47	without	without	ADP
ftr-330	784	48	regard	regard	NOUN
ftr-330	784	49	to	to	ADP
ftr-330	784	50	any	any	DET
ftr-330	784	51	consolidated	consolidated	ADJ
ftr-330	784	52	return	return	NOUN
ftr-330	784	53	regulation	regulation	NOUN
ftr-330	784	54	.	.	PUNCT
ftr-330	785	1	thus	thus	ADV
ftr-330	785	2	,	,	PUNCT
ftr-330	785	3	for	for	ADP
ftr-330	785	4	purposes	purpose	NOUN
ftr-330	785	5	of	of	ADP
ftr-330	785	6	section	section	NOUN
ftr-330	785	7	337	337	NUM
ftr-330	785	8	,	,	PUNCT
ftr-330	785	9	neither	neither	CCONJ
ftr-330	785	10	y	y	PROPN
ftr-330	785	11	corporation	corporation	NOUN
ftr-330	785	12	nor	nor	CCONJ
ftr-330	785	13	z	z	NOUN
ftr-330	785	14	corporation	corporation	NOUN
ftr-330	785	15	meets	meet	VERB
ftr-330	785	16	the	the	DET
ftr-330	785	17	80	80	NUM
ftr-330	785	18	–	–	PUNCT
ftr-330	785	19	percent	percent	NOUN
ftr-330	785	20	stock	stock	NOUN
ftr-330	785	21	ownership	ownership	NOUN
ftr-330	785	22	148	148	NUM
ftr-330	785	23	.	.	PUNCT
ftr-330	786	1	i.r.c	i.r.c	NOUN
ftr-330	786	2	.	.	PUNCT
ftr-330	787	1	§	§	PROPN
ftr-330	787	2	367(e)(2	367(e)(2	NUM
ftr-330	787	3	)	)	PUNCT
ftr-330	787	4	.	.	PUNCT
ftr-330	788	1	149	149	NUM
ftr-330	788	2	.	.	PUNCT
ftr-330	789	1	reg	reg	NOUN
ftr-330	789	2	.	.	PUNCT
ftr-330	790	1	§	§	PROPN
ftr-330	790	2	1.367(e)–2(b)(2	1.367(e)–2(b)(2	NOUN
ftr-330	790	3	)	)	PUNCT
ftr-330	790	4	.	.	PUNCT
ftr-330	791	1	150	150	NUM
ftr-330	791	2	.	.	PUNCT
ftr-330	792	1	reg	reg	NOUN
ftr-330	792	2	.	.	PUNCT
ftr-330	793	1	§	§	PROPN
ftr-330	793	2	1.1502–34	1.1502–34	PROPN
ftr-330	793	3	.	.	PROPN
ftr-330	793	4	164	164	NUM
ftr-330	793	5	florida	florida	PROPN
ftr-330	793	6	tax	tax	NOUN
ftr-330	793	7	review	review	NOUN
ftr-330	794	1	[	[	X
ftr-330	794	2	vol	vol	NOUN
ftr-330	794	3	.	.	PUNCT
ftr-330	795	1	12:3	12:3	NUM
ftr-330	795	2	requirement	requirement	NOUN
ftr-330	795	3	of	of	ADP
ftr-330	795	4	section	section	NOUN
ftr-330	795	5	332(b	332(b	PROPN
ftr-330	795	6	)	)	PUNCT
ftr-330	795	7	and	and	CCONJ
ftr-330	795	8	s	s	PROPN
ftr-330	795	9	corporation	corporation	NOUN
ftr-330	795	10	must	must	AUX
ftr-330	795	11	recognize	recognize	VERB
ftr-330	795	12	gain	gain	NOUN
ftr-330	795	13	,	,	PUNCT
ftr-330	795	14	but	but	CCONJ
ftr-330	795	15	not	not	PART
ftr-330	795	16	loss.151	loss.151	VERB
ftr-330	795	17	however	however	ADV
ftr-330	795	18	,	,	PUNCT
ftr-330	795	19	the	the	DET
ftr-330	795	20	gain	gain	NOUN
ftr-330	795	21	is	be	AUX
ftr-330	795	22	deferred	defer	VERB
ftr-330	795	23	,	,	PUNCT
ftr-330	795	24	and	and	CCONJ
ftr-330	795	25	y	y	PROPN
ftr-330	795	26	and	and	CCONJ
ftr-330	795	27	z	z	PROPN
ftr-330	795	28	succeed	succeed	VERB
ftr-330	795	29	to	to	ADP
ftr-330	795	30	s	s	PROPN
ftr-330	795	31	’s	’s	PART
ftr-330	795	32	deferred	defer	VERB
ftr-330	795	33	gain.152	gain.152	NOUN
ftr-330	795	34	but	but	CCONJ
ftr-330	795	35	the	the	DET
ftr-330	795	36	manner	manner	NOUN
ftr-330	795	37	in	in	ADP
ftr-330	795	38	which	which	PRON
ftr-330	795	39	that	that	SCONJ
ftr-330	795	40	deferred	defer	VERB
ftr-330	795	41	gain	gain	NOUN
ftr-330	795	42	is	be	AUX
ftr-330	795	43	allocated	allocate	VERB
ftr-330	795	44	between	between	ADP
ftr-330	795	45	the	the	DET
ftr-330	795	46	distributee	distributee	NOUN
ftr-330	795	47	corporations	corporation	NOUN
ftr-330	795	48	in	in	ADP
ftr-330	795	49	unclear	unclear	ADJ
ftr-330	795	50	.	.	PUNCT
ftr-330	796	1	there	there	PRON
ftr-330	796	2	are	be	VERB
ftr-330	796	3	some	some	DET
ftr-330	796	4	exceptions	exception	NOUN
ftr-330	796	5	to	to	ADP
ftr-330	796	6	the	the	DET
ftr-330	796	7	matching	matching	NOUN
ftr-330	796	8	principle	principle	NOUN
ftr-330	796	9	that	that	PRON
ftr-330	796	10	will	will	AUX
ftr-330	796	11	result	result	VERB
ftr-330	796	12	in	in	ADP
ftr-330	796	13	certain	certain	ADJ
ftr-330	796	14	intercompany	intercompany	NOUN
ftr-330	796	15	items	item	NOUN
ftr-330	796	16	being	be	AUX
ftr-330	796	17	redetermined	redetermine	VERB
ftr-330	796	18	to	to	PART
ftr-330	796	19	be	be	AUX
ftr-330	796	20	treated	treat	VERB
ftr-330	796	21	as	as	SCONJ
ftr-330	796	22	excluded	exclude	VERB
ftr-330	796	23	or	or	CCONJ
ftr-330	796	24	as	as	ADP
ftr-330	796	25	a	a	DET
ftr-330	796	26	nondeductible	nondeductible	ADJ
ftr-330	796	27	,	,	PUNCT
ftr-330	796	28	noncapital	noncapital	ADJ
ftr-330	796	29	amount.153	amount.153	NOUN
ftr-330	796	30	however	however	ADV
ftr-330	796	31	,	,	PUNCT
ftr-330	796	32	this	this	DET
ftr-330	796	33	rule	rule	NOUN
ftr-330	796	34	does	do	AUX
ftr-330	796	35	not	not	PART
ftr-330	796	36	apply	apply	VERB
ftr-330	796	37	to	to	ADP
ftr-330	796	38	gain	gain	VERB
ftr-330	796	39	on	on	ADP
ftr-330	796	40	the	the	DET
ftr-330	796	41	sale	sale	NOUN
ftr-330	796	42	of	of	ADP
ftr-330	796	43	stock	stock	NOUN
ftr-330	796	44	to	to	ADP
ftr-330	796	45	another	another	DET
ftr-330	796	46	group	group	NOUN
ftr-330	796	47	member	member	NOUN
ftr-330	796	48	,	,	PUNCT
ftr-330	796	49	followed	follow	VERB
ftr-330	796	50	by	by	ADP
ftr-330	796	51	a	a	DET
ftr-330	796	52	section	section	NOUN
ftr-330	796	53	332	332	NUM
ftr-330	796	54	liquidation	liquidation	NOUN
ftr-330	796	55	in	in	ADP
ftr-330	796	56	which	which	PRON
ftr-330	796	57	the	the	DET
ftr-330	796	58	purchaser	purchaser	NOUN
ftr-330	796	59	does	do	AUX
ftr-330	796	60	not	not	PART
ftr-330	796	61	recognize	recognize	VERB
ftr-330	796	62	gain.154	gain.154	VERB
ftr-330	796	63	an	an	DET
ftr-330	796	64	intercompany	intercompany	NOUN
ftr-330	796	65	sale	sale	NOUN
ftr-330	796	66	of	of	ADP
ftr-330	796	67	the	the	DET
ftr-330	796	68	stock	stock	NOUN
ftr-330	796	69	of	of	ADP
ftr-330	796	70	a	a	DET
ftr-330	796	71	member	member	NOUN
ftr-330	796	72	of	of	ADP
ftr-330	796	73	the	the	DET
ftr-330	796	74	consolidated	consolidated	ADJ
ftr-330	796	75	group	group	NOUN
ftr-330	796	76	,	,	PUNCT
ftr-330	796	77	followed	follow	VERB
ftr-330	796	78	by	by	ADP
ftr-330	796	79	a	a	DET
ftr-330	796	80	liquidation	liquidation	NOUN
ftr-330	796	81	of	of	ADP
ftr-330	796	82	the	the	DET
ftr-330	796	83	subsidiary	subsidiary	NOUN
ftr-330	796	84	creates	create	VERB
ftr-330	796	85	an	an	DET
ftr-330	796	86	interesting	interesting	ADJ
ftr-330	796	87	problem	problem	NOUN
ftr-330	796	88	under	under	ADP
ftr-330	796	89	the	the	DET
ftr-330	796	90	single	single	ADJ
ftr-330	796	91	entity	entity	NOUN
ftr-330	796	92	approach	approach	NOUN
ftr-330	796	93	.	.	PUNCT
ftr-330	797	1	the	the	DET
ftr-330	797	2	problem	problem	NOUN
ftr-330	797	3	is	be	AUX
ftr-330	797	4	illustrated	illustrate	VERB
ftr-330	797	5	by	by	ADP
ftr-330	797	6	the	the	DET
ftr-330	797	7	following	follow	VERB
ftr-330	797	8	example.155	example.155	PROPN
ftr-330	797	9	b	b	PROPN
ftr-330	797	10	corporation	corporation	NOUN
ftr-330	797	11	,	,	PUNCT
ftr-330	797	12	s	s	PART
ftr-330	797	13	corporation	corporation	NOUN
ftr-330	797	14	and	and	CCONJ
ftr-330	797	15	t	t	PROPN
ftr-330	797	16	corporation	corporation	NOUN
ftr-330	797	17	are	be	AUX
ftr-330	797	18	members	member	NOUN
ftr-330	797	19	of	of	ADP
ftr-330	797	20	the	the	DET
ftr-330	797	21	same	same	ADJ
ftr-330	797	22	consolidated	consolidated	ADJ
ftr-330	797	23	group	group	NOUN
ftr-330	797	24	.	.	PUNCT
ftr-330	798	1	s	s	PART
ftr-330	798	2	corporation	corporation	NOUN
ftr-330	798	3	owns	own	VERB
ftr-330	798	4	all	all	PRON
ftr-330	798	5	of	of	ADP
ftr-330	798	6	the	the	DET
ftr-330	798	7	t	t	PROPN
ftr-330	798	8	corporation	corporation	NOUN
ftr-330	798	9	stock	stock	NOUN
ftr-330	798	10	,	,	PUNCT
ftr-330	798	11	which	which	PRON
ftr-330	798	12	has	have	VERB
ftr-330	798	13	a	a	DET
ftr-330	798	14	fair	fair	ADJ
ftr-330	798	15	market	market	NOUN
ftr-330	798	16	value	value	NOUN
ftr-330	798	17	of	of	ADP
ftr-330	798	18	$	$	SYM
ftr-330	798	19	100	100	NUM
ftr-330	798	20	.	.	PUNCT
ftr-330	799	1	s	s	PART
ftr-330	799	2	corporation	corporation	NOUN
ftr-330	799	3	’s	’s	PART
ftr-330	799	4	basis	basis	NOUN
ftr-330	799	5	in	in	ADP
ftr-330	799	6	the	the	DET
ftr-330	799	7	t	t	PROPN
ftr-330	799	8	corporation	corporation	NOUN
ftr-330	799	9	stock	stock	NOUN
ftr-330	799	10	is	be	AUX
ftr-330	799	11	$	$	SYM
ftr-330	799	12	70	70	NUM
ftr-330	799	13	.	.	PUNCT
ftr-330	800	1	the	the	DET
ftr-330	800	2	fair	fair	ADJ
ftr-330	800	3	market	market	NOUN
ftr-330	800	4	value	value	NOUN
ftr-330	800	5	of	of	ADP
ftr-330	800	6	t	t	PROPN
ftr-330	800	7	corporation	corporation	NOUN
ftr-330	800	8	’s	’s	PART
ftr-330	800	9	assets	asset	NOUN
ftr-330	800	10	is	be	AUX
ftr-330	800	11	$	$	SYM
ftr-330	800	12	100	100	NUM
ftr-330	800	13	and	and	CCONJ
ftr-330	800	14	the	the	DET
ftr-330	800	15	assets	asset	NOUN
ftr-330	800	16	have	have	VERB
ftr-330	800	17	a	a	DET
ftr-330	800	18	basis	basis	NOUN
ftr-330	800	19	of	of	ADP
ftr-330	800	20	$	$	SYM
ftr-330	800	21	10	10	NUM
ftr-330	800	22	.	.	PUNCT
ftr-330	801	1	on	on	ADP
ftr-330	801	2	july	july	PROPN
ftr-330	801	3	1	1	NUM
ftr-330	801	4	of	of	ADP
ftr-330	801	5	year	year	NOUN
ftr-330	801	6	1	1	NUM
ftr-330	801	7	,	,	PUNCT
ftr-330	801	8	b	b	X
ftr-330	801	9	corporation	corporation	NOUN
ftr-330	801	10	purchases	purchase	VERB
ftr-330	801	11	the	the	DET
ftr-330	801	12	t	t	PROPN
ftr-330	801	13	corporation	corporation	NOUN
ftr-330	801	14	stock	stock	NOUN
ftr-330	801	15	from	from	ADP
ftr-330	801	16	s	s	PART
ftr-330	801	17	corporation	corporation	NOUN
ftr-330	801	18	for	for	ADP
ftr-330	801	19	$	$	SYM
ftr-330	801	20	100	100	NUM
ftr-330	801	21	.	.	PUNCT
ftr-330	802	1	s	s	PART
ftr-330	802	2	corporation	corporation	NOUN
ftr-330	802	3	’s	’s	PART
ftr-330	802	4	$	$	SYM
ftr-330	802	5	30	30	NUM
ftr-330	802	6	gain	gain	NOUN
ftr-330	802	7	on	on	ADP
ftr-330	802	8	the	the	DET
ftr-330	802	9	intercompany	intercompany	NOUN
ftr-330	802	10	sale	sale	NOUN
ftr-330	802	11	to	to	ADP
ftr-330	802	12	b	b	PROPN
ftr-330	802	13	corporation	corporation	NOUN
ftr-330	802	14	in	in	ADP
ftr-330	802	15	year	year	NOUN
ftr-330	802	16	1	1	NUM
ftr-330	802	17	is	be	AUX
ftr-330	802	18	deferred	defer	VERB
ftr-330	802	19	in	in	ADP
ftr-330	802	20	determining	determine	VERB
ftr-330	802	21	consolidated	consolidated	ADJ
ftr-330	802	22	taxable	taxable	ADJ
ftr-330	802	23	income	income	NOUN
ftr-330	802	24	in	in	ADP
ftr-330	802	25	that	that	DET
ftr-330	802	26	year	year	NOUN
ftr-330	802	27	.	.	PUNCT
ftr-330	803	1	on	on	ADP
ftr-330	803	2	july	july	PROPN
ftr-330	803	3	1	1	NUM
ftr-330	803	4	of	of	ADP
ftr-330	803	5	year	year	NOUN
ftr-330	803	6	3	3	NUM
ftr-330	803	7	,	,	PUNCT
ftr-330	803	8	when	when	SCONJ
ftr-330	803	9	t	t	PROPN
ftr-330	803	10	corporation	corporation	NOUN
ftr-330	803	11	’s	’s	PART
ftr-330	803	12	assets	asset	NOUN
ftr-330	803	13	are	be	AUX
ftr-330	803	14	still	still	ADV
ftr-330	803	15	worth	worth	ADJ
ftr-330	803	16	$	$	SYM
ftr-330	803	17	100	100	NUM
ftr-330	803	18	,	,	PUNCT
ftr-330	803	19	t	t	PROPN
ftr-330	803	20	corporation	corporation	NOUN
ftr-330	803	21	distributes	distribute	VERB
ftr-330	803	22	all	all	PRON
ftr-330	803	23	of	of	ADP
ftr-330	803	24	its	its	PRON
ftr-330	803	25	assets	asset	NOUN
ftr-330	803	26	to	to	ADP
ftr-330	803	27	b	b	PROPN
ftr-330	803	28	corporation	corporation	NOUN
ftr-330	803	29	in	in	ADP
ftr-330	803	30	a	a	DET
ftr-330	803	31	complete	complete	ADJ
ftr-330	803	32	liquidation	liquidation	NOUN
ftr-330	803	33	governed	govern	VERB
ftr-330	803	34	by	by	ADP
ftr-330	803	35	section	section	NOUN
ftr-330	803	36	332	332	NUM
ftr-330	803	37	.	.	PUNCT
ftr-330	804	1	b	b	X
ftr-330	804	2	corporation	corporation	NOUN
ftr-330	804	3	’s	’s	PART
ftr-330	804	4	basis	basis	NOUN
ftr-330	804	5	in	in	ADP
ftr-330	804	6	the	the	DET
ftr-330	804	7	t	t	PROPN
ftr-330	804	8	corporation	corporation	NOUN
ftr-330	804	9	stock	stock	NOUN
ftr-330	804	10	is	be	AUX
ftr-330	804	11	$	$	SYM
ftr-330	804	12	100	100	NUM
ftr-330	804	13	.	.	PUNCT
ftr-330	805	1	on	on	ADP
ftr-330	805	2	liquidation	liquidation	NOUN
ftr-330	805	3	of	of	ADP
ftr-330	805	4	t	t	PROPN
ftr-330	805	5	corporation	corporation	NOUN
ftr-330	805	6	,	,	PUNCT
ftr-330	805	7	b	b	PROPN
ftr-330	805	8	corporation	corporation	NOUN
ftr-330	805	9	receives	receive	VERB
ftr-330	805	10	a	a	DET
ftr-330	805	11	$	$	SYM
ftr-330	805	12	100	100	NUM
ftr-330	805	13	distribution	distribution	NOUN
ftr-330	805	14	and	and	CCONJ
ftr-330	805	15	thus	thus	ADV
ftr-330	805	16	has	have	AUX
ftr-330	805	17	zero	zero	NUM
ftr-330	805	18	realized	realize	VERB
ftr-330	805	19	gain	gain	NOUN
ftr-330	805	20	.	.	PUNCT
ftr-330	806	1	in	in	ADP
ftr-330	806	2	addition	addition	NOUN
ftr-330	806	3	,	,	PUNCT
ftr-330	806	4	b	b	DET
ftr-330	806	5	corporation	corporation	NOUN
ftr-330	806	6	recognizes	recognize	VERB
ftr-330	806	7	no	no	DET
ftr-330	806	8	gain	gain	NOUN
ftr-330	806	9	or	or	CCONJ
ftr-330	806	10	loss	loss	NOUN
ftr-330	806	11	on	on	ADP
ftr-330	806	12	the	the	DET
ftr-330	806	13	liquidation	liquidation	NOUN
ftr-330	806	14	under	under	ADP
ftr-330	806	15	section	section	NOUN
ftr-330	806	16	332	332	NUM
ftr-330	806	17	.	.	PUNCT
ftr-330	807	1	if	if	SCONJ
ftr-330	807	2	the	the	DET
ftr-330	807	3	transfer	transfer	NOUN
ftr-330	807	4	of	of	ADP
ftr-330	807	5	t	t	PROPN
ftr-330	807	6	corporation	corporation	NOUN
ftr-330	807	7	stock	stock	NOUN
ftr-330	807	8	from	from	ADP
ftr-330	807	9	s	s	PROPN
ftr-330	807	10	corporation	corporation	NOUN
ftr-330	807	11	to	to	ADP
ftr-330	807	12	b	b	PROPN
ftr-330	807	13	corporation	corporation	NOUN
ftr-330	807	14	had	have	AUX
ftr-330	807	15	been	be	AUX
ftr-330	807	16	between	between	ADP
ftr-330	807	17	divisions	division	NOUN
ftr-330	807	18	of	of	ADP
ftr-330	807	19	a	a	DET
ftr-330	807	20	single	single	ADJ
ftr-330	807	21	entity	entity	NOUN
ftr-330	807	22	,	,	PUNCT
ftr-330	807	23	b	b	PROPN
ftr-330	807	24	corporation	corporation	NOUN
ftr-330	807	25	’s	’s	PART
ftr-330	807	26	realized	realize	VERB
ftr-330	807	27	gain	gain	NOUN
ftr-330	807	28	on	on	ADP
ftr-330	807	29	liquidation	liquidation	NOUN
ftr-330	807	30	of	of	ADP
ftr-330	807	31	t	t	PROPN
ftr-330	807	32	corporation	corporation	NOUN
ftr-330	807	33	would	would	AUX
ftr-330	807	34	have	have	AUX
ftr-330	807	35	been	be	AUX
ftr-330	807	36	$	$	SYM
ftr-330	807	37	30	30	NUM
ftr-330	807	38	,	,	PUNCT
ftr-330	807	39	but	but	CCONJ
ftr-330	807	40	the	the	DET
ftr-330	807	41	gain	gain	NOUN
ftr-330	807	42	would	would	AUX
ftr-330	807	43	not	not	PART
ftr-330	807	44	have	have	AUX
ftr-330	807	45	been	be	AUX
ftr-330	807	46	recognized	recognize	VERB
ftr-330	807	47	under	under	ADP
ftr-330	807	48	section	section	NOUN
ftr-330	807	49	332	332	NUM
ftr-330	807	50	.	.	PUNCT
ftr-330	808	1	thus	thus	ADV
ftr-330	808	2	,	,	PUNCT
ftr-330	808	3	b	b	X
ftr-330	808	4	corporation	corporation	NOUN
ftr-330	808	5	’s	’s	PART
ftr-330	808	6	recomputed	recompute	VERB
ftr-330	808	7	corresponding	correspond	VERB
ftr-330	808	8	item	item	NOUN
ftr-330	808	9	is	be	AUX
ftr-330	808	10	$	$	SYM
ftr-330	808	11	30	30	NUM
ftr-330	808	12	of	of	ADP
ftr-330	808	13	unrecognized	unrecognized	ADJ
ftr-330	808	14	gain	gain	NOUN
ftr-330	808	15	,	,	PUNCT
ftr-330	808	16	which	which	PRON
ftr-330	808	17	must	must	AUX
ftr-330	808	18	be	be	AUX
ftr-330	808	19	taken	take	VERB
ftr-330	808	20	into	into	ADP
ftr-330	808	21	account	account	NOUN
ftr-330	808	22	by	by	ADP
ftr-330	808	23	s	s	PART
ftr-330	808	24	corporation	corporation	NOUN
ftr-330	808	25	in	in	ADP
ftr-330	808	26	year	year	NOUN
ftr-330	808	27	3	3	NUM
ftr-330	808	28	.	.	PUNCT
ftr-330	809	1	although	although	SCONJ
ftr-330	809	2	the	the	DET
ftr-330	809	3	attributes	attribute	NOUN
ftr-330	809	4	of	of	ADP
ftr-330	809	5	s	s	NOUN
ftr-330	809	6	corporation	corporation	NOUN
ftr-330	809	7	and	and	CCONJ
ftr-330	809	8	b	b	PROPN
ftr-330	809	9	corporation	corporation	NOUN
ftr-330	809	10	’s	’s	PART
ftr-330	809	11	gain	gain	NOUN
ftr-330	809	12	,	,	PUNCT
ftr-330	809	13	including	include	VERB
ftr-330	809	14	its	its	PRON
ftr-330	809	15	status	status	NOUN
ftr-330	809	16	as	as	ADP
ftr-330	809	17	a	a	DET
ftr-330	809	18	nonrecognition	nonrecognition	NOUN
ftr-330	809	19	item	item	NOUN
ftr-330	809	20	,	,	PUNCT
ftr-330	809	21	are	be	AUX
ftr-330	809	22	determined	determine	VERB
ftr-330	809	23	as	as	SCONJ
ftr-330	809	24	if	if	SCONJ
ftr-330	809	25	s	s	VERB
ftr-330	809	26	corporation	corporation	NOUN
ftr-330	809	27	and	and	CCONJ
ftr-330	809	28	b	b	PROPN
ftr-330	809	29	corporation	corporation	NOUN
ftr-330	809	30	were	be	AUX
ftr-330	809	31	divisions	division	NOUN
ftr-330	809	32	of	of	ADP
ftr-330	809	33	a	a	DET
ftr-330	809	34	single	single	ADJ
ftr-330	809	35	entity,156	entity,156	NOUN
ftr-330	809	36	gain	gain	NOUN
ftr-330	809	37	subject	subject	ADJ
ftr-330	809	38	to	to	ADP
ftr-330	809	39	a	a	DET
ftr-330	809	40	nonrecognition	nonrecognition	NOUN
ftr-330	809	41	provision	provision	NOUN
ftr-330	809	42	that	that	PRON
ftr-330	809	43	is	be	AUX
ftr-330	809	44	not	not	PART
ftr-330	809	45	permanently	permanently	ADV
ftr-330	809	46	and	and	CCONJ
ftr-330	809	47	explicitly	explicitly	ADV
ftr-330	809	48	disallowed	disallow	VERB
ftr-330	809	49	is	be	AUX
ftr-330	809	50	not	not	PART
ftr-330	809	51	treated	treat	VERB
ftr-330	809	52	as	as	ADP
ftr-330	809	53	having	have	VERB
ftr-330	809	54	the	the	DET
ftr-330	809	55	attribute	attribute	NOUN
ftr-330	809	56	of	of	ADP
ftr-330	809	57	an	an	DET
ftr-330	809	58	item	item	NOUN
ftr-330	809	59	151	151	NUM
ftr-330	809	60	.	.	PUNCT
ftr-330	809	61	i.r.c	i.r.c	NOUN
ftr-330	809	62	.	.	PUNCT
ftr-330	810	1	§	§	PROPN
ftr-330	810	2	336(d)(3	336(d)(3	NUM
ftr-330	810	3	)	)	PUNCT
ftr-330	810	4	.	.	PUNCT
ftr-330	811	1	152	152	NUM
ftr-330	811	2	.	.	PUNCT
ftr-330	812	1	reg	reg	NOUN
ftr-330	812	2	.	.	PUNCT
ftr-330	813	1	§	§	PROPN
ftr-330	813	2	1.1502–13(j)(2)(ii	1.1502–13(j)(2)(ii	NUM
ftr-330	813	3	)	)	PUNCT
ftr-330	813	4	;	;	PUNCT
ftr-330	813	5	reg	reg	NOUN
ftr-330	813	6	.	.	PUNCT
ftr-330	814	1	§	§	PROPN
ftr-330	814	2	1.1502–13(j)(9	1.1502–13(j)(9	NUM
ftr-330	814	3	)	)	PUNCT
ftr-330	814	4	,	,	PUNCT
ftr-330	814	5	ex	ex	NOUN
ftr-330	814	6	.	.	NOUN
ftr-330	814	7	7	7	NUM
ftr-330	814	8	.	.	SYM
ftr-330	814	9	153	153	NUM
ftr-330	814	10	.	.	PUNCT
ftr-330	815	1	reg	reg	PROPN
ftr-330	815	2	.	.	PUNCT
ftr-330	816	1	§	§	PROPN
ftr-330	816	2	1.1502–13(c)(6	1.1502–13(c)(6	NUM
ftr-330	816	3	)	)	PUNCT
ftr-330	816	4	.	.	PUNCT
ftr-330	817	1	154	154	NUM
ftr-330	817	2	.	.	PUNCT
ftr-330	818	1	reg	reg	NOUN
ftr-330	818	2	.	.	PUNCT
ftr-330	819	1	§	§	PROPN
ftr-330	819	2	§	§	PROPN
ftr-330	819	3	1.1502–13(c)(6)(ii	1.1502–13(c)(6)(ii	NUM
ftr-330	819	4	)	)	PUNCT
ftr-330	819	5	,	,	PUNCT
ftr-330	819	6	1.1502–13(f)(5	1.1502–13(f)(5	NUM
ftr-330	819	7	)	)	PUNCT
ftr-330	819	8	,	,	PUNCT
ftr-330	819	9	and	and	CCONJ
ftr-330	819	10	1.1502–13(f)(7	1.1502–13(f)(7	NUM
ftr-330	819	11	)	)	PUNCT
ftr-330	819	12	,	,	PUNCT
ftr-330	819	13	ex	ex	NOUN
ftr-330	819	14	.	.	NOUN
ftr-330	819	15	6(c	6(c	NUM
ftr-330	819	16	)	)	PUNCT
ftr-330	819	17	.	.	PUNCT
ftr-330	820	1	155	155	NUM
ftr-330	820	2	.	.	PUNCT
ftr-330	821	1	the	the	DET
ftr-330	821	2	example	example	NOUN
ftr-330	821	3	is	be	AUX
ftr-330	821	4	based	base	VERB
ftr-330	821	5	on	on	ADP
ftr-330	821	6	reg	reg	NOUN
ftr-330	821	7	.	.	PUNCT
ftr-330	822	1	§	§	PROPN
ftr-330	822	2	1.1502–13(f)(7	1.1502–13(f)(7	NUM
ftr-330	822	3	)	)	PUNCT
ftr-330	822	4	,	,	PUNCT
ftr-330	822	5	ex	ex	NOUN
ftr-330	822	6	.	.	NOUN
ftr-330	822	7	6(c	6(c	NUM
ftr-330	822	8	)	)	PUNCT
ftr-330	822	9	.	.	PUNCT
ftr-330	823	1	156	156	NUM
ftr-330	823	2	.	.	PUNCT
ftr-330	824	1	reg	reg	NOUN
ftr-330	824	2	.	.	PUNCT
ftr-330	825	1	§	§	PROPN
ftr-330	825	2	1.1502–13(c)(1)(i	1.1502–13(c)(1)(i	NUM
ftr-330	825	3	)	)	PUNCT
ftr-330	825	4	.	.	PUNCT
ftr-330	826	1	2012	2012	NUM
ftr-330	826	2	]	]	PUNCT
ftr-330	826	3	understanding	understand	VERB
ftr-330	826	4	consolidated	consolidated	ADJ
ftr-330	826	5	returns	return	NOUN
ftr-330	826	6	165	165	NUM
ftr-330	826	7	excluded	exclude	VERB
ftr-330	826	8	from	from	ADP
ftr-330	826	9	income.157	income.157	PROPN
ftr-330	826	10	thus	thus	ADV
ftr-330	826	11	,	,	PUNCT
ftr-330	826	12	s	s	PROPN
ftr-330	826	13	corporation	corporation	NOUN
ftr-330	826	14	’s	’s	PART
ftr-330	826	15	$	$	SYM
ftr-330	826	16	30	30	NUM
ftr-330	826	17	of	of	ADP
ftr-330	826	18	deferred	deferred	ADJ
ftr-330	826	19	gain	gain	NOUN
ftr-330	826	20	is	be	AUX
ftr-330	826	21	taken	take	VERB
ftr-330	826	22	into	into	ADP
ftr-330	826	23	account	account	NOUN
ftr-330	826	24	as	as	ADP
ftr-330	826	25	capital	capital	NOUN
ftr-330	826	26	gain	gain	NOUN
ftr-330	826	27	in	in	ADP
ftr-330	826	28	year	year	NOUN
ftr-330	826	29	3	3	NUM
ftr-330	826	30	.	.	PUNCT
ftr-330	827	1	this	this	DET
ftr-330	827	2	result	result	NOUN
ftr-330	827	3	seems	seem	VERB
ftr-330	827	4	to	to	PART
ftr-330	827	5	be	be	AUX
ftr-330	827	6	necessary	necessary	ADJ
ftr-330	827	7	because	because	SCONJ
ftr-330	827	8	b	b	PROPN
ftr-330	827	9	corporation	corporation	NOUN
ftr-330	827	10	inherits	inherit	VERB
ftr-330	827	11	t	t	PROPN
ftr-330	827	12	corporation	corporation	NOUN
ftr-330	827	13	’s	’s	PART
ftr-330	827	14	asset	asset	NOUN
ftr-330	827	15	basis	basis	NOUN
ftr-330	827	16	and	and	CCONJ
ftr-330	827	17	the	the	DET
ftr-330	827	18	t	t	PROPN
ftr-330	827	19	corporation	corporation	NOUN
ftr-330	827	20	stock	stock	NOUN
ftr-330	827	21	is	be	AUX
ftr-330	827	22	no	no	ADV
ftr-330	827	23	longer	long	ADV
ftr-330	827	24	available	available	ADJ
ftr-330	827	25	as	as	ADP
ftr-330	827	26	a	a	DET
ftr-330	827	27	corresponding	corresponding	ADJ
ftr-330	827	28	item	item	NOUN
ftr-330	827	29	to	to	PART
ftr-330	827	30	match	match	VERB
ftr-330	827	31	s	s	PART
ftr-330	827	32	corporation	corporation	NOUN
ftr-330	827	33	’s	’s	PART
ftr-330	827	34	deferred	defer	VERB
ftr-330	827	35	gain	gain	NOUN
ftr-330	827	36	from	from	ADP
ftr-330	827	37	the	the	DET
ftr-330	827	38	sale	sale	NOUN
ftr-330	827	39	of	of	ADP
ftr-330	827	40	the	the	DET
ftr-330	827	41	t	t	PROPN
ftr-330	827	42	corporation	corporation	NOUN
ftr-330	827	43	stock	stock	NOUN
ftr-330	827	44	to	to	ADP
ftr-330	827	45	b	b	PROPN
ftr-330	827	46	corporation	corporation	NOUN
ftr-330	827	47	.	.	PUNCT
ftr-330	828	1	however	however	ADV
ftr-330	828	2	,	,	PUNCT
ftr-330	828	3	the	the	DET
ftr-330	828	4	regulations	regulation	NOUN
ftr-330	828	5	allow	allow	VERB
ftr-330	828	6	elective	elective	ADJ
ftr-330	828	7	relief	relief	NOUN
ftr-330	828	8	from	from	ADP
ftr-330	828	9	s	s	PROPN
ftr-330	828	10	corporation	corporation	NOUN
ftr-330	828	11	’s	’s	PART
ftr-330	828	12	accounting	accounting	NOUN
ftr-330	828	13	for	for	ADP
ftr-330	828	14	its	its	PRON
ftr-330	828	15	deferred	defer	VERB
ftr-330	828	16	gain.158	gain.158	PROPN
ftr-330	828	17	deferred	defer	VERB
ftr-330	828	18	loss	loss	NOUN
ftr-330	828	19	on	on	ADP
ftr-330	828	20	an	an	DET
ftr-330	828	21	intercompany	intercompany	NOUN
ftr-330	828	22	sale	sale	NOUN
ftr-330	828	23	of	of	ADP
ftr-330	828	24	stock	stock	NOUN
ftr-330	828	25	of	of	ADP
ftr-330	828	26	a	a	DET
ftr-330	828	27	subsidiary	subsidiary	NOUN
ftr-330	828	28	followed	follow	VERB
ftr-330	828	29	by	by	ADP
ftr-330	828	30	a	a	DET
ftr-330	828	31	section	section	NOUN
ftr-330	828	32	332	332	NUM
ftr-330	828	33	liquidation	liquidation	NOUN
ftr-330	828	34	of	of	ADP
ftr-330	828	35	the	the	DET
ftr-330	828	36	subsidiary	subsidiary	NOUN
ftr-330	828	37	is	be	AUX
ftr-330	828	38	treated	treat	VERB
ftr-330	828	39	as	as	ADP
ftr-330	828	40	a	a	DET
ftr-330	828	41	nondeductible	nondeductible	ADJ
ftr-330	828	42	,	,	PUNCT
ftr-330	828	43	noncapital	noncapital	ADJ
ftr-330	828	44	item,159	item,159	NOUN
ftr-330	828	45	and	and	CCONJ
ftr-330	828	46	thus	thus	ADV
ftr-330	828	47	is	be	AUX
ftr-330	828	48	not	not	PART
ftr-330	828	49	taken	take	VERB
ftr-330	828	50	into	into	ADP
ftr-330	828	51	account	account	NOUN
ftr-330	828	52	by	by	ADP
ftr-330	828	53	the	the	DET
ftr-330	828	54	selling	selling	NOUN
ftr-330	828	55	member	member	NOUN
ftr-330	828	56	.	.	PUNCT
ftr-330	829	1	however	however	ADV
ftr-330	829	2	,	,	PUNCT
ftr-330	829	3	the	the	DET
ftr-330	829	4	regulations	regulation	NOUN
ftr-330	829	5	allow	allow	VERB
ftr-330	829	6	elective	elective	ADJ
ftr-330	829	7	relief	relief	NOUN
ftr-330	829	8	from	from	ADP
ftr-330	829	9	s	s	PROPN
ftr-330	829	10	corporation	corporation	NOUN
ftr-330	829	11	’s	’	VERB
ftr-330	829	12	treating	treat	VERB
ftr-330	829	13	its	its	PRON
ftr-330	829	14	deferred	defer	VERB
ftr-330	829	15	loss	loss	NOUN
ftr-330	829	16	as	as	ADP
ftr-330	829	17	a	a	DET
ftr-330	829	18	nondeductible	nondeductible	ADJ
ftr-330	829	19	,	,	PUNCT
ftr-330	829	20	noncapital	noncapital	ADJ
ftr-330	829	21	item.160	item.160	ADJ
ftr-330	829	22	section	section	NOUN
ftr-330	829	23	381(a	381(a	PROPN
ftr-330	829	24	)	)	PUNCT
ftr-330	829	25	provides	provide	VERB
ftr-330	829	26	that	that	SCONJ
ftr-330	829	27	the	the	DET
ftr-330	829	28	tax	tax	NOUN
ftr-330	829	29	attributes	attribute	NOUN
ftr-330	829	30	of	of	ADP
ftr-330	829	31	the	the	DET
ftr-330	829	32	subsidiary	subsidiary	NOUN
ftr-330	829	33	carry	carry	VERB
ftr-330	829	34	over	over	ADP
ftr-330	829	35	to	to	ADP
ftr-330	829	36	the	the	DET
ftr-330	829	37	parent	parent	NOUN
ftr-330	829	38	.	.	PUNCT
ftr-330	830	1	the	the	DET
ftr-330	830	2	most	most	ADV
ftr-330	830	3	notable	notable	ADJ
ftr-330	830	4	of	of	ADP
ftr-330	830	5	these	these	DET
ftr-330	830	6	attributes	attribute	NOUN
ftr-330	830	7	are	be	AUX
ftr-330	830	8	net	net	ADJ
ftr-330	830	9	operating	operating	NOUN
ftr-330	830	10	loss	loss	NOUN
ftr-330	830	11	carryovers	carryover	NOUN
ftr-330	830	12	,	,	PUNCT
ftr-330	830	13	capital	capital	NOUN
ftr-330	830	14	loss	loss	NOUN
ftr-330	830	15	carryovers	carryover	NOUN
ftr-330	830	16	,	,	PUNCT
ftr-330	830	17	and	and	CCONJ
ftr-330	830	18	the	the	DET
ftr-330	830	19	earnings	earning	NOUN
ftr-330	830	20	and	and	CCONJ
ftr-330	830	21	profits	profit	NOUN
ftr-330	830	22	accumulations	accumulation	NOUN
ftr-330	830	23	or	or	CCONJ
ftr-330	830	24	deficits	deficit	NOUN
ftr-330	830	25	.	.	PUNCT
ftr-330	831	1	if	if	SCONJ
ftr-330	831	2	either	either	CCONJ
ftr-330	831	3	the	the	DET
ftr-330	831	4	parent	parent	NOUN
ftr-330	831	5	or	or	CCONJ
ftr-330	831	6	the	the	DET
ftr-330	831	7	subsidiary	subsidiary	NOUN
ftr-330	831	8	has	have	VERB
ftr-330	831	9	a	a	DET
ftr-330	831	10	deficit	deficit	NOUN
ftr-330	831	11	in	in	ADP
ftr-330	831	12	its	its	PRON
ftr-330	831	13	earnings	earning	NOUN
ftr-330	831	14	and	and	CCONJ
ftr-330	831	15	profits	profit	NOUN
ftr-330	831	16	accounts	account	NOUN
ftr-330	831	17	after	after	ADP
ftr-330	831	18	a	a	DET
ftr-330	831	19	section	section	NOUN
ftr-330	831	20	332	332	NUM
ftr-330	831	21	liquidation	liquidation	NOUN
ftr-330	831	22	,	,	PUNCT
ftr-330	831	23	the	the	DET
ftr-330	831	24	parent	parent	NOUN
ftr-330	831	25	must	must	AUX
ftr-330	831	26	maintain	maintain	VERB
ftr-330	831	27	separate	separate	ADJ
ftr-330	831	28	earnings	earning	NOUN
ftr-330	831	29	and	and	CCONJ
ftr-330	831	30	profits	profit	NOUN
ftr-330	831	31	accounts	account	NOUN
ftr-330	831	32	;	;	PUNCT
ftr-330	831	33	the	the	DET
ftr-330	831	34	deficit	deficit	NOUN
ftr-330	831	35	of	of	ADP
ftr-330	831	36	one	one	NUM
ftr-330	831	37	corporation	corporation	NOUN
ftr-330	831	38	can	can	AUX
ftr-330	831	39	not	not	PART
ftr-330	831	40	be	be	AUX
ftr-330	831	41	used	use	VERB
ftr-330	831	42	to	to	PART
ftr-330	831	43	offset	offset	VERB
ftr-330	831	44	the	the	DET
ftr-330	831	45	surplus	surplus	NOUN
ftr-330	831	46	in	in	ADP
ftr-330	831	47	the	the	DET
ftr-330	831	48	earnings	earning	NOUN
ftr-330	831	49	and	and	CCONJ
ftr-330	831	50	profits	profit	NOUN
ftr-330	831	51	account	account	NOUN
ftr-330	831	52	of	of	ADP
ftr-330	831	53	the	the	DET
ftr-330	831	54	other.161	other.161	ADJ
ftr-330	831	55	earnings	earning	NOUN
ftr-330	831	56	and	and	CCONJ
ftr-330	831	57	profits	profit	NOUN
ftr-330	831	58	accumulated	accumulate	VERB
ftr-330	831	59	by	by	ADP
ftr-330	831	60	the	the	DET
ftr-330	831	61	parent	parent	NOUN
ftr-330	831	62	after	after	SCONJ
ftr-330	831	63	the	the	DET
ftr-330	831	64	liquidation	liquidation	NOUN
ftr-330	831	65	are	be	AUX
ftr-330	831	66	used	use	VERB
ftr-330	831	67	to	to	PART
ftr-330	831	68	exhaust	exhaust	VERB
ftr-330	831	69	the	the	DET
ftr-330	831	70	deficit	deficit	NOUN
ftr-330	831	71	account	account	NOUN
ftr-330	831	72	before	before	ADP
ftr-330	831	73	the	the	DET
ftr-330	831	74	accumulated	accumulate	VERB
ftr-330	831	75	earnings	earning	NOUN
ftr-330	831	76	and	and	CCONJ
ftr-330	831	77	profits	profit	NOUN
ftr-330	831	78	account	account	NOUN
ftr-330	831	79	of	of	ADP
ftr-330	831	80	the	the	DET
ftr-330	831	81	parent	parent	NOUN
ftr-330	831	82	is	be	AUX
ftr-330	831	83	increased.162	increased.162	ADP
ftr-330	831	84	section	section	NOUN
ftr-330	831	85	332	332	NUM
ftr-330	831	86	generally	generally	ADV
ftr-330	831	87	applies	apply	VERB
ftr-330	831	88	to	to	ADP
ftr-330	831	89	the	the	DET
ftr-330	831	90	liquidation	liquidation	NOUN
ftr-330	831	91	of	of	ADP
ftr-330	831	92	a	a	DET
ftr-330	831	93	controlled	control	VERB
ftr-330	831	94	subsidiary	subsidiary	NOUN
ftr-330	831	95	whether	whether	SCONJ
ftr-330	831	96	the	the	DET
ftr-330	831	97	subsidiary	subsidiary	NOUN
ftr-330	831	98	is	be	AUX
ftr-330	831	99	a	a	DET
ftr-330	831	100	u.s	u.s	PROPN
ftr-330	831	101	.	.	PROPN
ftr-330	831	102	corporation	corporation	NOUN
ftr-330	831	103	or	or	CCONJ
ftr-330	831	104	a	a	DET
ftr-330	831	105	foreign	foreign	ADJ
ftr-330	831	106	corporation	corporation	NOUN
ftr-330	831	107	.	.	PUNCT
ftr-330	832	1	(	(	PUNCT
ftr-330	832	2	an	an	DET
ftr-330	832	3	exception	exception	NOUN
ftr-330	832	4	to	to	ADP
ftr-330	832	5	nonrecognition	nonrecognition	NOUN
ftr-330	832	6	with	with	ADP
ftr-330	832	7	respect	respect	NOUN
ftr-330	832	8	to	to	ADP
ftr-330	832	9	certain	certain	ADJ
ftr-330	832	10	foreign	foreign	ADJ
ftr-330	832	11	holding	hold	VERB
ftr-330	832	12	companies	company	NOUN
ftr-330	832	13	is	be	AUX
ftr-330	832	14	provided	provide	VERB
ftr-330	832	15	in	in	ADP
ftr-330	832	16	section	section	NOUN
ftr-330	832	17	332(d	332(d	NUM
ftr-330	832	18	)	)	PUNCT
ftr-330	832	19	)	)	PUNCT
ftr-330	832	20	.	.	PUNCT
ftr-330	833	1	if	if	SCONJ
ftr-330	833	2	the	the	DET
ftr-330	833	3	controlled	control	VERB
ftr-330	833	4	subsidiary	subsidiary	NOUN
ftr-330	833	5	is	be	AUX
ftr-330	833	6	a	a	DET
ftr-330	833	7	foreign	foreign	ADJ
ftr-330	833	8	corporation	corporation	NOUN
ftr-330	833	9	,	,	PUNCT
ftr-330	833	10	however	however	ADV
ftr-330	833	11	,	,	PUNCT
ftr-330	833	12	section	section	NOUN
ftr-330	833	13	334(b)(1)(b	334(b)(1)(b	PROPN
ftr-330	833	14	)	)	PUNCT
ftr-330	833	15	limits	limit	VERB
ftr-330	833	16	the	the	DET
ftr-330	833	17	u.s	u.s	PROPN
ftr-330	833	18	.	.	PROPN
ftr-330	833	19	parent	parent	PROPN
ftr-330	833	20	’s	’s	PART
ftr-330	833	21	basis	basis	NOUN
ftr-330	833	22	in	in	ADP
ftr-330	833	23	properties	property	NOUN
ftr-330	833	24	received	receive	VERB
ftr-330	833	25	in	in	ADP
ftr-330	833	26	the	the	DET
ftr-330	833	27	liquidation	liquidation	NOUN
ftr-330	833	28	to	to	ADP
ftr-330	833	29	the	the	DET
ftr-330	833	30	properties	property	NOUN
ftr-330	833	31	’	’	PART
ftr-330	833	32	fair	fair	ADJ
ftr-330	833	33	market	market	NOUN
ftr-330	833	34	values	value	NOUN
ftr-330	833	35	if	if	SCONJ
ftr-330	833	36	the	the	DET
ftr-330	833	37	subsidiary	subsidiary	NOUN
ftr-330	833	38	’s	’s	PART
ftr-330	833	39	aggregate	aggregate	ADJ
ftr-330	833	40	basis	basis	NOUN
ftr-330	833	41	in	in	ADP
ftr-330	833	42	the	the	DET
ftr-330	833	43	transferred	transfer	VERB
ftr-330	833	44	properties	property	NOUN
ftr-330	833	45	exceeds	exceed	VERB
ftr-330	833	46	their	their	PRON
ftr-330	833	47	aggregate	aggregate	ADJ
ftr-330	833	48	fair	fair	ADJ
ftr-330	833	49	market	market	NOUN
ftr-330	833	50	value	value	NOUN
ftr-330	833	51	.	.	PUNCT
ftr-330	834	1	the	the	DET
ftr-330	834	2	rule	rule	NOUN
ftr-330	834	3	thus	thus	ADV
ftr-330	834	4	prevents	prevent	VERB
ftr-330	834	5	the	the	DET
ftr-330	834	6	importation	importation	NOUN
ftr-330	834	7	of	of	ADP
ftr-330	834	8	assets	asset	NOUN
ftr-330	834	9	with	with	ADP
ftr-330	834	10	built	build	VERB
ftr-330	834	11	-	-	PUNCT
ftr-330	834	12	in	in	ADP
ftr-330	834	13	losses	loss	NOUN
ftr-330	834	14	into	into	ADP
ftr-330	834	15	the	the	DET
ftr-330	834	16	u.s	u.s	PROPN
ftr-330	834	17	.	.	PROPN
ftr-330	834	18	tax	tax	NOUN
ftr-330	834	19	system	system	NOUN
ftr-330	834	20	.	.	PUNCT
ftr-330	835	1	157	157	NUM
ftr-330	835	2	.	.	PUNCT
ftr-330	836	1	reg	reg	NOUN
ftr-330	836	2	.	.	PUNCT
ftr-330	837	1	§	§	PROPN
ftr-330	837	2	1.1502–13(c)(6)(ii	1.1502–13(c)(6)(ii	NUM
ftr-330	837	3	)	)	PUNCT
ftr-330	837	4	.	.	PUNCT
ftr-330	838	1	158	158	X
ftr-330	838	2	.	.	PUNCT
ftr-330	839	1	reg	reg	NOUN
ftr-330	839	2	.	.	PUNCT
ftr-330	840	1	§	§	PROPN
ftr-330	840	2	§	§	PROPN
ftr-330	840	3	1.1502–13(f)(5)(ii	1.1502–13(f)(5)(ii	NUM
ftr-330	840	4	)	)	PUNCT
ftr-330	840	5	and	and	CCONJ
ftr-330	840	6	1.1502–13(f)(7	1.1502–13(f)(7	NUM
ftr-330	840	7	)	)	PUNCT
ftr-330	840	8	,	,	PUNCT
ftr-330	840	9	ex	ex	NOUN
ftr-330	840	10	.	.	NOUN
ftr-330	840	11	6(b	6(b	NUM
ftr-330	840	12	)	)	PUNCT
ftr-330	840	13	.	.	PUNCT
ftr-330	841	1	159	159	NUM
ftr-330	841	2	.	.	PUNCT
ftr-330	842	1	reg	reg	NOUN
ftr-330	842	2	.	.	PUNCT
ftr-330	843	1	§	§	PROPN
ftr-330	843	2	§	§	PROPN
ftr-330	843	3	1.1502–13(f)(7	1.1502–13(f)(7	NUM
ftr-330	843	4	)	)	PUNCT
ftr-330	843	5	,	,	PUNCT
ftr-330	843	6	ex.(6)(c	ex.(6)(c	X
ftr-330	843	7	)	)	PUNCT
ftr-330	843	8	.	.	PUNCT
ftr-330	844	1	160	160	NUM
ftr-330	844	2	.	.	PUNCT
ftr-330	844	3	reg	reg	NOUN
ftr-330	844	4	.	.	PUNCT
ftr-330	845	1	§	§	PROPN
ftr-330	845	2	§	§	PROPN
ftr-330	845	3	1.1502–13(f)(5)(ii	1.1502–13(f)(5)(ii	NUM
ftr-330	845	4	)	)	PUNCT
ftr-330	845	5	and	and	CCONJ
ftr-330	845	6	1.1502–13(f)(7	1.1502–13(f)(7	NUM
ftr-330	845	7	)	)	PUNCT
ftr-330	845	8	,	,	PUNCT
ftr-330	845	9	ex	ex	NOUN
ftr-330	845	10	.	.	NOUN
ftr-330	845	11	6(c	6(c	NUM
ftr-330	845	12	)	)	PUNCT
ftr-330	845	13	.	.	PUNCT
ftr-330	846	1	161	161	NUM
ftr-330	846	2	.	.	PUNCT
ftr-330	846	3	i.r.c	i.r.c	NOUN
ftr-330	846	4	.	.	PUNCT
ftr-330	847	1	§	§	PROPN
ftr-330	847	2	381(c)(2	381(c)(2	NOUN
ftr-330	847	3	)	)	PUNCT
ftr-330	847	4	.	.	PUNCT
ftr-330	848	1	162	162	NUM
ftr-330	848	2	.	.	PUNCT
ftr-330	849	1	reg	reg	NOUN
ftr-330	849	2	.	.	PUNCT
ftr-330	850	1	§	§	PROPN
ftr-330	850	2	1.312–11(b)(2	1.312–11(b)(2	NUM
ftr-330	850	3	)	)	PUNCT
ftr-330	850	4	and	and	CCONJ
ftr-330	850	5	(	(	PUNCT
ftr-330	850	6	c	c	NOUN
ftr-330	850	7	)	)	PUNCT
ftr-330	850	8	.	.	PUNCT
ftr-330	851	1	166	166	NUM
ftr-330	851	2	florida	florida	PROPN
ftr-330	851	3	tax	tax	NOUN
ftr-330	851	4	review	review	NOUN
ftr-330	851	5	[	[	X
ftr-330	851	6	vol	vol	NOUN
ftr-330	851	7	.	.	NOUN
ftr-330	851	8	12:3	12:3	NUM
ftr-330	851	9	c.	c.	NOUN
ftr-330	851	10	transactions	transaction	NOUN
ftr-330	851	11	in	in	ADP
ftr-330	851	12	which	which	PRON
ftr-330	851	13	a	a	DET
ftr-330	851	14	member	member	NOUN
ftr-330	851	15	acquires	acquire	VERB
ftr-330	851	16	stock	stock	NOUN
ftr-330	851	17	of	of	ADP
ftr-330	851	18	another	another	DET
ftr-330	851	19	member	member	NOUN
ftr-330	851	20	outside	outside	ADP
ftr-330	851	21	of	of	ADP
ftr-330	851	22	the	the	DET
ftr-330	851	23	consolidated	consolidated	ADJ
ftr-330	851	24	return	return	NOUN
ftr-330	851	25	context	context	NOUN
ftr-330	851	26	,	,	PUNCT
ftr-330	851	27	if	if	SCONJ
ftr-330	851	28	one	one	NUM
ftr-330	851	29	affiliated	affiliated	ADJ
ftr-330	851	30	corporation	corporation	NOUN
ftr-330	851	31	purchases	purchase	VERB
ftr-330	851	32	the	the	DET
ftr-330	851	33	stock	stock	NOUN
ftr-330	851	34	of	of	ADP
ftr-330	851	35	another	another	DET
ftr-330	851	36	affiliated	affiliated	ADJ
ftr-330	851	37	corporation	corporation	NOUN
ftr-330	851	38	,	,	PUNCT
ftr-330	851	39	section	section	NOUN
ftr-330	851	40	304	304	NUM
ftr-330	851	41	applies	apply	VERB
ftr-330	851	42	to	to	PART
ftr-330	851	43	determine	determine	VERB
ftr-330	851	44	whether	whether	SCONJ
ftr-330	851	45	the	the	DET
ftr-330	851	46	transaction	transaction	NOUN
ftr-330	851	47	will	will	AUX
ftr-330	851	48	,	,	PUNCT
ftr-330	851	49	generally	generally	ADV
ftr-330	851	50	speaking	speak	VERB
ftr-330	851	51	,	,	PUNCT
ftr-330	851	52	be	be	AUX
ftr-330	851	53	respected	respect	VERB
ftr-330	851	54	as	as	ADP
ftr-330	851	55	a	a	DET
ftr-330	851	56	sale	sale	NOUN
ftr-330	851	57	and	and	CCONJ
ftr-330	851	58	purchase	purchase	NOUN
ftr-330	851	59	or	or	CCONJ
ftr-330	851	60	instead	instead	ADV
ftr-330	851	61	recharacterized	recharacterize	VERB
ftr-330	851	62	as	as	ADP
ftr-330	851	63	a	a	DET
ftr-330	851	64	dividend	dividend	NOUN
ftr-330	851	65	distribution	distribution	NOUN
ftr-330	851	66	from	from	ADP
ftr-330	851	67	the	the	DET
ftr-330	851	68	purchaser	purchaser	NOUN
ftr-330	851	69	to	to	ADP
ftr-330	851	70	its	its	PRON
ftr-330	851	71	controlling	control	VERB
ftr-330	851	72	shareholder	shareholder	NOUN
ftr-330	851	73	.	.	PUNCT
ftr-330	852	1	however	however	ADV
ftr-330	852	2	,	,	PUNCT
ftr-330	852	3	the	the	DET
ftr-330	852	4	regulations	regulation	NOUN
ftr-330	852	5	provide	provide	VERB
ftr-330	852	6	that	that	DET
ftr-330	852	7	section	section	NOUN
ftr-330	852	8	304	304	NUM
ftr-330	852	9	does	do	AUX
ftr-330	852	10	not	not	PART
ftr-330	852	11	apply	apply	VERB
ftr-330	852	12	in	in	ADP
ftr-330	852	13	the	the	DET
ftr-330	852	14	consolidated	consolidated	ADJ
ftr-330	852	15	return	return	NOUN
ftr-330	852	16	context.163	context.163	PROPN
ftr-330	852	17	thus	thus	ADV
ftr-330	852	18	,	,	PUNCT
ftr-330	852	19	the	the	DET
ftr-330	852	20	transaction	transaction	NOUN
ftr-330	852	21	is	be	AUX
ftr-330	852	22	respected	respect	VERB
ftr-330	852	23	as	as	ADP
ftr-330	852	24	a	a	DET
ftr-330	852	25	stock	stock	NOUN
ftr-330	852	26	sale	sale	NOUN
ftr-330	852	27	and	and	CCONJ
ftr-330	852	28	purchase	purchase	NOUN
ftr-330	852	29	.	.	PUNCT
ftr-330	853	1	the	the	DET
ftr-330	853	2	selling	sell	VERB
ftr-330	853	3	member	member	NOUN
ftr-330	853	4	of	of	ADP
ftr-330	853	5	the	the	DET
ftr-330	853	6	group	group	NOUN
ftr-330	853	7	has	have	VERB
ftr-330	853	8	a	a	DET
ftr-330	853	9	deferred	defer	VERB
ftr-330	853	10	intercompany	intercompany	NOUN
ftr-330	853	11	transaction	transaction	NOUN
ftr-330	853	12	subject	subject	ADJ
ftr-330	853	13	to	to	ADP
ftr-330	853	14	the	the	DET
ftr-330	853	15	rules	rule	NOUN
ftr-330	853	16	of	of	ADP
ftr-330	853	17	treasury	treasury	PROPN
ftr-330	853	18	regulations	regulation	NOUN
ftr-330	853	19	section	section	NOUN
ftr-330	853	20	1.1502	1.1502	NUM
ftr-330	853	21	-	-	SYM
ftr-330	853	22	13,164	13,164	NUM
ftr-330	853	23	and	and	CCONJ
ftr-330	853	24	the	the	DET
ftr-330	853	25	purchasing	purchase	VERB
ftr-330	853	26	member	member	NOUN
ftr-330	853	27	of	of	ADP
ftr-330	853	28	the	the	DET
ftr-330	853	29	group	group	NOUN
ftr-330	853	30	takes	take	VERB
ftr-330	853	31	a	a	DET
ftr-330	853	32	section	section	NOUN
ftr-330	853	33	1012	1012	NUM
ftr-330	853	34	cost	cost	NOUN
ftr-330	853	35	basis	basis	NOUN
ftr-330	853	36	in	in	ADP
ftr-330	853	37	the	the	DET
ftr-330	853	38	stock	stock	NOUN
ftr-330	853	39	.	.	PUNCT
ftr-330	854	1	special	special	ADJ
ftr-330	854	2	rules	rule	NOUN
ftr-330	854	3	apply	apply	VERB
ftr-330	854	4	to	to	ADP
ftr-330	854	5	transactions	transaction	NOUN
ftr-330	854	6	involving	involve	VERB
ftr-330	854	7	the	the	DET
ftr-330	854	8	intra	intra	ADJ
ftr-330	854	9	-	-	ADJ
ftr-330	854	10	group	group	ADJ
ftr-330	854	11	sale	sale	NOUN
ftr-330	854	12	of	of	ADP
ftr-330	854	13	stock	stock	NOUN
ftr-330	854	14	of	of	ADP
ftr-330	854	15	the	the	DET
ftr-330	854	16	common	common	ADJ
ftr-330	854	17	parent.165	parent.165	NOUN
ftr-330	854	18	d.	d.	NOUN
ftr-330	854	19	transactions	transaction	NOUN
ftr-330	854	20	in	in	ADP
ftr-330	854	21	which	which	PRON
ftr-330	854	22	a	a	DET
ftr-330	854	23	member	member	NOUN
ftr-330	854	24	acquires	acquire	VERB
ftr-330	854	25	its	its	PRON
ftr-330	854	26	own	own	ADJ
ftr-330	854	27	stock	stock	NOUN
ftr-330	854	28	when	when	SCONJ
ftr-330	854	29	a	a	DET
ftr-330	854	30	corporation	corporation	NOUN
ftr-330	854	31	acquires	acquire	VERB
ftr-330	854	32	its	its	PRON
ftr-330	854	33	own	own	ADJ
ftr-330	854	34	stock	stock	NOUN
ftr-330	854	35	,	,	PUNCT
ftr-330	854	36	as	as	ADP
ftr-330	854	37	a	a	DET
ftr-330	854	38	consequence	consequence	NOUN
ftr-330	854	39	of	of	ADP
ftr-330	854	40	the	the	DET
ftr-330	854	41	nonrecognition	nonrecognition	NOUN
ftr-330	854	42	rules	rule	NOUN
ftr-330	854	43	of	of	ADP
ftr-330	854	44	section	section	NOUN
ftr-330	854	45	1032	1032	NUM
ftr-330	854	46	,	,	PUNCT
ftr-330	854	47	there	there	PRON
ftr-330	854	48	will	will	AUX
ftr-330	854	49	be	be	AUX
ftr-330	854	50	no	no	DET
ftr-330	854	51	subsequent	subsequent	ADJ
ftr-330	854	52	transaction	transaction	NOUN
ftr-330	854	53	in	in	ADP
ftr-330	854	54	which	which	PRON
ftr-330	854	55	the	the	DET
ftr-330	854	56	basis	basis	NOUN
ftr-330	854	57	of	of	ADP
ftr-330	854	58	the	the	DET
ftr-330	854	59	acquired	acquire	VERB
ftr-330	854	60	stock	stock	NOUN
ftr-330	854	61	is	be	AUX
ftr-330	854	62	accounted	account	VERB
ftr-330	854	63	for	for	ADP
ftr-330	854	64	.	.	PUNCT
ftr-330	855	1	to	to	PART
ftr-330	855	2	deal	deal	VERB
ftr-330	855	3	with	with	ADP
ftr-330	855	4	this	this	DET
ftr-330	855	5	situation	situation	NOUN
ftr-330	855	6	,	,	PUNCT
ftr-330	855	7	the	the	DET
ftr-330	855	8	regulations	regulation	NOUN
ftr-330	855	9	provide	provide	VERB
ftr-330	855	10	,	,	PUNCT
ftr-330	855	11	in	in	ADP
ftr-330	855	12	effect	effect	NOUN
ftr-330	855	13	,	,	PUNCT
ftr-330	855	14	that	that	SCONJ
ftr-330	855	15	if	if	SCONJ
ftr-330	855	16	a	a	DET
ftr-330	855	17	member	member	NOUN
ftr-330	855	18	of	of	ADP
ftr-330	855	19	a	a	DET
ftr-330	855	20	consolidated	consolidated	ADJ
ftr-330	855	21	group	group	NOUN
ftr-330	855	22	acquires	acquire	VERB
ftr-330	855	23	its	its	PRON
ftr-330	855	24	own	own	ADJ
ftr-330	855	25	stock	stock	NOUN
ftr-330	855	26	in	in	ADP
ftr-330	855	27	an	an	DET
ftr-330	855	28	intercompany	intercompany	NOUN
ftr-330	855	29	transaction	transaction	NOUN
ftr-330	855	30	,	,	PUNCT
ftr-330	855	31	gain	gain	NOUN
ftr-330	855	32	or	or	CCONJ
ftr-330	855	33	loss	loss	NOUN
ftr-330	855	34	recognized	recognize	VERB
ftr-330	855	35	by	by	ADP
ftr-330	855	36	the	the	DET
ftr-330	855	37	selling	selling	NOUN
ftr-330	855	38	member	member	NOUN
ftr-330	855	39	must	must	AUX
ftr-330	855	40	be	be	AUX
ftr-330	855	41	accounted	account	VERB
ftr-330	855	42	for	for	ADP
ftr-330	855	43	at	at	ADP
ftr-330	855	44	the	the	DET
ftr-330	855	45	time	time	NOUN
ftr-330	855	46	of	of	ADP
ftr-330	855	47	the	the	DET
ftr-330	855	48	transaction	transaction	NOUN
ftr-330	855	49	under	under	ADP
ftr-330	855	50	the	the	DET
ftr-330	855	51	acceleration	acceleration	NOUN
ftr-330	855	52	rule.166	rule.166	VERB
ftr-330	855	53	the	the	DET
ftr-330	855	54	gain	gain	NOUN
ftr-330	855	55	or	or	CCONJ
ftr-330	855	56	loss	loss	NOUN
ftr-330	855	57	is	be	AUX
ftr-330	855	58	accelerated	accelerate	VERB
ftr-330	855	59	to	to	ADP
ftr-330	855	60	the	the	DET
ftr-330	855	61	date	date	NOUN
ftr-330	855	62	of	of	ADP
ftr-330	855	63	the	the	DET
ftr-330	855	64	intercompany	intercompany	NOUN
ftr-330	855	65	transaction	transaction	NOUN
ftr-330	855	66	under	under	ADP
ftr-330	855	67	the	the	DET
ftr-330	855	68	acceleration	acceleration	NOUN
ftr-330	855	69	rule	rule	NOUN
ftr-330	855	70	because	because	SCONJ
ftr-330	855	71	there	there	PRON
ftr-330	855	72	is	be	VERB
ftr-330	855	73	no	no	DET
ftr-330	855	74	corresponding	correspond	VERB
ftr-330	855	75	item	item	NOUN
ftr-330	855	76	with	with	ADP
ftr-330	855	77	which	which	PRON
ftr-330	855	78	to	to	PART
ftr-330	855	79	match	match	VERB
ftr-330	855	80	deferred	defer	VERB
ftr-330	855	81	gain.167	gain.167	NOUN
ftr-330	855	82	if	if	SCONJ
ftr-330	855	83	a	a	DET
ftr-330	855	84	corporation	corporation	NOUN
ftr-330	855	85	acquires	acquire	VERB
ftr-330	855	86	its	its	PRON
ftr-330	855	87	own	own	ADJ
ftr-330	855	88	stock	stock	NOUN
ftr-330	855	89	in	in	ADP
ftr-330	855	90	a	a	DET
ftr-330	855	91	redemption	redemption	NOUN
ftr-330	855	92	subject	subject	NOUN
ftr-330	855	93	to	to	ADP
ftr-330	855	94	section	section	NOUN
ftr-330	855	95	302(a	302(a	PROPN
ftr-330	855	96	)	)	PUNCT
ftr-330	855	97	,	,	PUNCT
ftr-330	855	98	the	the	DET
ftr-330	855	99	selling	selling	NOUN
ftr-330	855	100	member	member	NOUN
ftr-330	855	101	must	must	AUX
ftr-330	855	102	account	account	VERB
ftr-330	855	103	for	for	ADP
ftr-330	855	104	its	its	PRON
ftr-330	855	105	gain	gain	NOUN
ftr-330	855	106	.	.	PUNCT
ftr-330	856	1	if	if	SCONJ
ftr-330	856	2	a	a	DET
ftr-330	856	3	corporation	corporation	NOUN
ftr-330	856	4	acquires	acquire	VERB
ftr-330	856	5	its	its	PRON
ftr-330	856	6	own	own	ADJ
ftr-330	856	7	stock	stock	NOUN
ftr-330	856	8	in	in	ADP
ftr-330	856	9	a	a	DET
ftr-330	856	10	section	section	NOUN
ftr-330	856	11	301	301	NUM
ftr-330	856	12	distribution	distribution	NOUN
ftr-330	856	13	from	from	ADP
ftr-330	856	14	another	another	DET
ftr-330	856	15	member	member	NOUN
ftr-330	856	16	,	,	PUNCT
ftr-330	856	17	the	the	DET
ftr-330	856	18	distributing	distribute	VERB
ftr-330	856	19	member	member	NOUN
ftr-330	856	20	must	must	AUX
ftr-330	856	21	account	account	VERB
ftr-330	856	22	for	for	ADP
ftr-330	856	23	gain	gain	NOUN
ftr-330	856	24	recognized	recognize	VERB
ftr-330	856	25	under	under	ADP
ftr-330	856	26	section	section	NOUN
ftr-330	856	27	311(b).168	311(b).168	NUM
ftr-330	856	28	if	if	SCONJ
ftr-330	856	29	the	the	DET
ftr-330	856	30	selling	selling	NOUN
ftr-330	856	31	or	or	CCONJ
ftr-330	856	32	distributing	distribute	VERB
ftr-330	856	33	corporation	corporation	NOUN
ftr-330	856	34	realizes	realize	VERB
ftr-330	856	35	a	a	DET
ftr-330	856	36	loss	loss	NOUN
ftr-330	856	37	on	on	ADP
ftr-330	856	38	the	the	DET
ftr-330	856	39	transaction	transaction	NOUN
ftr-330	856	40	,	,	PUNCT
ftr-330	856	41	the	the	DET
ftr-330	856	42	loss	loss	NOUN
ftr-330	856	43	is	be	AUX
ftr-330	856	44	accounted	account	VERB
ftr-330	856	45	for	for	ADP
ftr-330	856	46	as	as	ADP
ftr-330	856	47	a	a	DET
ftr-330	856	48	noncapital	noncapital	ADJ
ftr-330	856	49	,	,	PUNCT
ftr-330	856	50	nondeductible	nondeductible	ADJ
ftr-330	856	51	amount.169	amount.169	PROPN
ftr-330	856	52	163	163	NUM
ftr-330	856	53	.	.	PUNCT
ftr-330	857	1	reg	reg	NOUN
ftr-330	857	2	.	.	PUNCT
ftr-330	858	1	§	§	PROPN
ftr-330	858	2	1.1502–80(b	1.1502–80(b	NUM
ftr-330	858	3	)	)	PUNCT
ftr-330	858	4	.	.	PUNCT
ftr-330	859	1	164	164	NUM
ftr-330	859	2	.	.	PUNCT
ftr-330	860	1	see	see	VERB
ftr-330	860	2	reg	reg	NOUN
ftr-330	860	3	.	.	PUNCT
ftr-330	861	1	§	§	PROPN
ftr-330	861	2	1.1502–13(f)(7	1.1502–13(f)(7	NUM
ftr-330	861	3	)	)	PUNCT
ftr-330	861	4	,	,	PUNCT
ftr-330	861	5	ex	ex	NOUN
ftr-330	861	6	.	.	NOUN
ftr-330	861	7	6	6	NUM
ftr-330	861	8	.	.	NOUN
ftr-330	861	9	165	165	NUM
ftr-330	861	10	.	.	PUNCT
ftr-330	861	11	reg	reg	NOUN
ftr-330	861	12	.	.	PUNCT
ftr-330	862	1	§	§	PROPN
ftr-330	862	2	1.1502–13(f)(6	1.1502–13(f)(6	NUM
ftr-330	862	3	)	)	PUNCT
ftr-330	862	4	.	.	PUNCT
ftr-330	863	1	166	166	NUM
ftr-330	863	2	.	.	PUNCT
ftr-330	863	3	reg	reg	NOUN
ftr-330	863	4	.	.	PUNCT
ftr-330	864	1	§	§	PROPN
ftr-330	864	2	1.1502–13(f)(4	1.1502–13(f)(4	NUM
ftr-330	864	3	)	)	PUNCT
ftr-330	864	4	.	.	PUNCT
ftr-330	865	1	167	167	NUM
ftr-330	865	2	.	.	PUNCT
ftr-330	865	3	see	see	VERB
ftr-330	865	4	reg	reg	NOUN
ftr-330	865	5	.	.	PUNCT
ftr-330	866	1	§	§	PROPN
ftr-330	866	2	1.1502–13(f)(7	1.1502–13(f)(7	NUM
ftr-330	866	3	)	)	PUNCT
ftr-330	866	4	,	,	PUNCT
ftr-330	866	5	ex	ex	NOUN
ftr-330	866	6	.	.	NOUN
ftr-330	866	7	4	4	NUM
ftr-330	866	8	.	.	NOUN
ftr-330	866	9	168	168	NUM
ftr-330	866	10	reg	reg	NOUN
ftr-330	866	11	.	.	PUNCT
ftr-330	867	1	§	§	PROPN
ftr-330	867	2	1.1502–13(f)(7	1.1502–13(f)(7	NUM
ftr-330	867	3	)	)	PUNCT
ftr-330	867	4	,	,	PUNCT
ftr-330	867	5	ex	ex	NOUN
ftr-330	867	6	.	.	NOUN
ftr-330	867	7	5(c	5(c	NUM
ftr-330	867	8	)	)	PUNCT
ftr-330	867	9	.	.	PUNCT
ftr-330	868	1	169	169	NUM
ftr-330	868	2	.	.	PUNCT
ftr-330	869	1	reg	reg	NOUN
ftr-330	869	2	.	.	PUNCT
ftr-330	870	1	§	§	PROPN
ftr-330	870	2	1.1502–13(c)(6	1.1502–13(c)(6	NUM
ftr-330	870	3	)	)	PUNCT
ftr-330	870	4	and	and	CCONJ
ftr-330	870	5	(	(	PUNCT
ftr-330	870	6	f)(7	f)(7	NUM
ftr-330	870	7	)	)	PUNCT
ftr-330	870	8	,	,	PUNCT
ftr-330	870	9	ex	ex	NOUN
ftr-330	870	10	.	.	NOUN
ftr-330	870	11	5(d	5(d	NUM
ftr-330	870	12	)	)	PUNCT
ftr-330	870	13	.	.	PUNCT
ftr-330	871	1	2012	2012	NUM
ftr-330	871	2	]	]	PUNCT
ftr-330	871	3	understanding	understand	VERB
ftr-330	871	4	consolidated	consolidated	ADJ
ftr-330	871	5	returns	return	NOUN
ftr-330	871	6	167	167	NUM
ftr-330	871	7	e.	e.	PROPN
ftr-330	871	8	transactions	transaction	NOUN
ftr-330	871	9	in	in	ADP
ftr-330	871	10	which	which	PRON
ftr-330	871	11	a	a	DET
ftr-330	871	12	member	member	NOUN
ftr-330	871	13	acquires	acquire	VERB
ftr-330	871	14	debt	debt	NOUN
ftr-330	871	15	of	of	ADP
ftr-330	871	16	another	another	DET
ftr-330	871	17	member	member	NOUN
ftr-330	871	18	the	the	DET
ftr-330	871	19	regulations	regulation	NOUN
ftr-330	871	20	address	address	VERB
ftr-330	871	21	the	the	DET
ftr-330	871	22	treatment	treatment	NOUN
ftr-330	871	23	of	of	ADP
ftr-330	871	24	debt	debt	NOUN
ftr-330	871	25	obligations	obligation	NOUN
ftr-330	871	26	between	between	ADP
ftr-330	871	27	members	member	NOUN
ftr-330	871	28	of	of	ADP
ftr-330	871	29	the	the	DET
ftr-330	871	30	same	same	ADJ
ftr-330	871	31	consolidated	consolidated	ADJ
ftr-330	871	32	group	group	NOUN
ftr-330	871	33	,	,	PUNCT
ftr-330	871	34	an	an	DET
ftr-330	871	35	“	"	PUNCT
ftr-330	871	36	intercompany	intercompany	NOUN
ftr-330	871	37	obligation	obligation	NOUN
ftr-330	871	38	.	.	PUNCT
ftr-330	871	39	”170	”170	PUNCT
ftr-330	872	1	the	the	DET
ftr-330	872	2	rules	rule	NOUN
ftr-330	872	3	apply	apply	VERB
ftr-330	872	4	to	to	ADP
ftr-330	872	5	three	three	NUM
ftr-330	872	6	types	type	NOUN
ftr-330	872	7	of	of	ADP
ftr-330	872	8	transactions	transaction	NOUN
ftr-330	872	9	:	:	PUNCT
ftr-330	872	10	(	(	PUNCT
ftr-330	872	11	1	1	X
ftr-330	872	12	)	)	PUNCT
ftr-330	872	13	transactions	transaction	NOUN
ftr-330	872	14	in	in	ADP
ftr-330	872	15	which	which	PRON
ftr-330	872	16	an	an	DET
ftr-330	872	17	obligation	obligation	NOUN
ftr-330	872	18	between	between	ADP
ftr-330	872	19	a	a	DET
ftr-330	872	20	group	group	NOUN
ftr-330	872	21	member	member	NOUN
ftr-330	872	22	and	and	CCONJ
ftr-330	872	23	a	a	DET
ftr-330	872	24	nonmember	nonmember	NOUN
ftr-330	872	25	becomes	become	VERB
ftr-330	872	26	an	an	DET
ftr-330	872	27	intercompany	intercompany	NOUN
ftr-330	872	28	obligation	obligation	NOUN
ftr-330	872	29	,	,	PUNCT
ftr-330	872	30	for	for	ADP
ftr-330	872	31	example	example	NOUN
ftr-330	872	32	,	,	PUNCT
ftr-330	872	33	the	the	DET
ftr-330	872	34	purchase	purchase	NOUN
ftr-330	872	35	by	by	ADP
ftr-330	872	36	a	a	DET
ftr-330	872	37	consolidated	consolidated	ADJ
ftr-330	872	38	group	group	NOUN
ftr-330	872	39	member	member	NOUN
ftr-330	872	40	of	of	ADP
ftr-330	872	41	another	another	DET
ftr-330	872	42	member	member	NOUN
ftr-330	872	43	’s	’s	PART
ftr-330	872	44	debt	debt	NOUN
ftr-330	872	45	from	from	ADP
ftr-330	872	46	a	a	DET
ftr-330	872	47	nonmember	nonmember	NOUN
ftr-330	872	48	creditor	creditor	NOUN
ftr-330	872	49	or	or	CCONJ
ftr-330	872	50	the	the	DET
ftr-330	872	51	acquisition	acquisition	NOUN
ftr-330	872	52	by	by	ADP
ftr-330	872	53	a	a	DET
ftr-330	872	54	consolidated	consolidated	ADJ
ftr-330	872	55	group	group	NOUN
ftr-330	872	56	member	member	NOUN
ftr-330	872	57	of	of	ADP
ftr-330	872	58	stock	stock	NOUN
ftr-330	872	59	of	of	ADP
ftr-330	872	60	a	a	DET
ftr-330	872	61	nonmember	nonmember	NOUN
ftr-330	872	62	creditor	creditor	NOUN
ftr-330	872	63	or	or	CCONJ
ftr-330	872	64	debtor	debtor	NOUN
ftr-330	872	65	(	(	PUNCT
ftr-330	872	66	inbound	inbound	ADJ
ftr-330	872	67	transactions	transaction	NOUN
ftr-330	872	68	)	)	PUNCT
ftr-330	872	69	;	;	PUNCT
ftr-330	872	70	(	(	PUNCT
ftr-330	872	71	2	2	X
ftr-330	872	72	)	)	PUNCT
ftr-330	872	73	transactions	transaction	NOUN
ftr-330	872	74	in	in	ADP
ftr-330	872	75	which	which	PRON
ftr-330	872	76	an	an	DET
ftr-330	872	77	intercompany	intercompany	NOUN
ftr-330	872	78	obligation	obligation	NOUN
ftr-330	872	79	ceases	cease	VERB
ftr-330	872	80	to	to	PART
ftr-330	872	81	be	be	AUX
ftr-330	872	82	an	an	DET
ftr-330	872	83	intercompany	intercompany	NOUN
ftr-330	872	84	obligation	obligation	NOUN
ftr-330	872	85	,	,	PUNCT
ftr-330	872	86	for	for	ADP
ftr-330	872	87	example	example	NOUN
ftr-330	872	88	,	,	PUNCT
ftr-330	872	89	the	the	DET
ftr-330	872	90	sale	sale	NOUN
ftr-330	872	91	by	by	ADP
ftr-330	872	92	a	a	DET
ftr-330	872	93	creditor	creditor	NOUN
ftr-330	872	94	member	member	NOUN
ftr-330	872	95	of	of	ADP
ftr-330	872	96	another	another	DET
ftr-330	872	97	member	member	NOUN
ftr-330	872	98	’s	’s	PART
ftr-330	872	99	debt	debt	NOUN
ftr-330	872	100	to	to	ADP
ftr-330	872	101	a	a	DET
ftr-330	872	102	nonmember	nonmember	NOUN
ftr-330	872	103	or	or	CCONJ
ftr-330	872	104	the	the	DET
ftr-330	872	105	deconsolidation	deconsolidation	NOUN
ftr-330	872	106	of	of	ADP
ftr-330	872	107	either	either	CCONJ
ftr-330	872	108	the	the	DET
ftr-330	872	109	debtor	debtor	NOUN
ftr-330	872	110	or	or	CCONJ
ftr-330	872	111	creditor	creditor	NOUN
ftr-330	872	112	member	member	NOUN
ftr-330	872	113	(	(	PUNCT
ftr-330	872	114	outbound	outbound	NOUN
ftr-330	872	115	transactions	transaction	NOUN
ftr-330	872	116	)	)	PUNCT
ftr-330	872	117	;	;	PUNCT
ftr-330	872	118	and	and	CCONJ
ftr-330	872	119	(	(	PUNCT
ftr-330	872	120	3	3	X
ftr-330	872	121	)	)	PUNCT
ftr-330	872	122	transactions	transaction	NOUN
ftr-330	872	123	in	in	ADP
ftr-330	872	124	which	which	PRON
ftr-330	872	125	an	an	DET
ftr-330	872	126	intercompany	intercompany	NOUN
ftr-330	872	127	obligation	obligation	NOUN
ftr-330	872	128	is	be	AUX
ftr-330	872	129	assigned	assign	VERB
ftr-330	872	130	or	or	CCONJ
ftr-330	872	131	extinguished	extinguish	VERB
ftr-330	872	132	within	within	ADP
ftr-330	872	133	the	the	DET
ftr-330	872	134	consolidated	consolidated	ADJ
ftr-330	872	135	group	group	NOUN
ftr-330	872	136	(	(	PUNCT
ftr-330	872	137	intragroup	intragroup	ADV
ftr-330	872	138	transactions).171	transactions).171	PROPN
ftr-330	872	139	in	in	ADP
ftr-330	872	140	each	each	PRON
ftr-330	872	141	of	of	ADP
ftr-330	872	142	these	these	DET
ftr-330	872	143	circumstances	circumstance	NOUN
ftr-330	872	144	the	the	DET
ftr-330	872	145	following	follow	VERB
ftr-330	872	146	sequence	sequence	NOUN
ftr-330	872	147	of	of	ADP
ftr-330	872	148	events	event	NOUN
ftr-330	872	149	is	be	AUX
ftr-330	872	150	deemed	deem	VERB
ftr-330	872	151	to	to	PART
ftr-330	872	152	occur	occur	VERB
ftr-330	872	153	immediately	immediately	ADV
ftr-330	872	154	before	before	ADV
ftr-330	872	155	,	,	PUNCT
ftr-330	872	156	and	and	CCONJ
ftr-330	872	157	independently	independently	ADV
ftr-330	872	158	of	of	ADP
ftr-330	872	159	,	,	PUNCT
ftr-330	872	160	the	the	DET
ftr-330	872	161	actual	actual	ADJ
ftr-330	872	162	transaction	transaction	NOUN
ftr-330	872	163	:	:	PUNCT
ftr-330	872	164	(	(	PUNCT
ftr-330	872	165	1	1	X
ftr-330	872	166	)	)	PUNCT
ftr-330	872	167	the	the	DET
ftr-330	872	168	debtor	debtor	NOUN
ftr-330	872	169	is	be	AUX
ftr-330	872	170	deemed	deem	VERB
ftr-330	872	171	to	to	PART
ftr-330	872	172	satisfy	satisfy	VERB
ftr-330	872	173	the	the	DET
ftr-330	872	174	obligation	obligation	NOUN
ftr-330	872	175	for	for	ADP
ftr-330	872	176	a	a	DET
ftr-330	872	177	cash	cash	NOUN
ftr-330	872	178	amount	amount	NOUN
ftr-330	872	179	equal	equal	ADJ
ftr-330	872	180	to	to	ADP
ftr-330	872	181	the	the	DET
ftr-330	872	182	obligation	obligation	NOUN
ftr-330	872	183	’s	’s	PART
ftr-330	872	184	fair	fair	ADJ
ftr-330	872	185	market	market	NOUN
ftr-330	872	186	value	value	NOUN
ftr-330	872	187	,	,	PUNCT
ftr-330	872	188	and	and	CCONJ
ftr-330	872	189	(	(	PUNCT
ftr-330	872	190	2	2	X
ftr-330	872	191	)	)	PUNCT
ftr-330	872	192	the	the	DET
ftr-330	872	193	debtor	debtor	NOUN
ftr-330	872	194	is	be	AUX
ftr-330	872	195	deemed	deem	VERB
ftr-330	872	196	to	to	PART
ftr-330	872	197	immediately	immediately	ADV
ftr-330	872	198	reissue	reissue	VERB
ftr-330	872	199	the	the	DET
ftr-330	872	200	obligation	obligation	NOUN
ftr-330	872	201	to	to	ADP
ftr-330	872	202	the	the	DET
ftr-330	872	203	original	original	ADJ
ftr-330	872	204	creditor	creditor	NOUN
ftr-330	872	205	for	for	ADP
ftr-330	872	206	that	that	DET
ftr-330	872	207	same	same	ADJ
ftr-330	872	208	cash	cash	NOUN
ftr-330	872	209	amount	amount	NOUN
ftr-330	872	210	.	.	PUNCT
ftr-330	873	1	the	the	DET
ftr-330	873	2	parties	party	NOUN
ftr-330	873	3	are	be	AUX
ftr-330	873	4	then	then	ADV
ftr-330	873	5	treated	treat	VERB
ftr-330	873	6	as	as	ADP
ftr-330	873	7	engaging	engage	VERB
ftr-330	873	8	in	in	ADP
ftr-330	873	9	the	the	DET
ftr-330	873	10	actual	actual	ADJ
ftr-330	873	11	transaction	transaction	NOUN
ftr-330	873	12	but	but	CCONJ
ftr-330	873	13	with	with	ADP
ftr-330	873	14	the	the	DET
ftr-330	873	15	new	new	ADJ
ftr-330	873	16	obligation.172	obligation.172	NOUN
ftr-330	873	17	as	as	ADP
ftr-330	873	18	a	a	DET
ftr-330	873	19	result	result	NOUN
ftr-330	873	20	,	,	PUNCT
ftr-330	873	21	in	in	ADP
ftr-330	873	22	the	the	DET
ftr-330	873	23	year	year	NOUN
ftr-330	873	24	of	of	ADP
ftr-330	873	25	the	the	DET
ftr-330	873	26	purchase	purchase	NOUN
ftr-330	873	27	,	,	PUNCT
ftr-330	873	28	the	the	DET
ftr-330	873	29	debtor	debtor	NOUN
ftr-330	873	30	recognizes	recognize	VERB
ftr-330	873	31	cancellation	cancellation	NOUN
ftr-330	873	32	of	of	ADP
ftr-330	873	33	debt	debt	NOUN
ftr-330	873	34	income	income	NOUN
ftr-330	873	35	under	under	ADP
ftr-330	873	36	section	section	NOUN
ftr-330	873	37	61(a)(12	61(a)(12	NUM
ftr-330	873	38	)	)	PUNCT
ftr-330	873	39	unless	unless	SCONJ
ftr-330	873	40	one	one	NUM
ftr-330	873	41	of	of	ADP
ftr-330	873	42	the	the	DET
ftr-330	873	43	exceptions	exception	NOUN
ftr-330	873	44	in	in	ADP
ftr-330	873	45	section	section	NOUN
ftr-330	873	46	108	108	NUM
ftr-330	873	47	applies	apply	VERB
ftr-330	873	48	,	,	PUNCT
ftr-330	873	49	and	and	CCONJ
ftr-330	873	50	the	the	DET
ftr-330	873	51	deemed	deem	VERB
ftr-330	873	52	reissuance	reissuance	NOUN
ftr-330	873	53	of	of	ADP
ftr-330	873	54	the	the	DET
ftr-330	873	55	obligation	obligation	NOUN
ftr-330	873	56	for	for	ADP
ftr-330	873	57	an	an	DET
ftr-330	873	58	amount	amount	NOUN
ftr-330	873	59	equal	equal	ADJ
ftr-330	873	60	to	to	ADP
ftr-330	873	61	its	its	PRON
ftr-330	873	62	fair	fair	ADJ
ftr-330	873	63	market	market	NOUN
ftr-330	873	64	value	value	NOUN
ftr-330	873	65	causes	cause	VERB
ftr-330	873	66	it	it	PRON
ftr-330	873	67	to	to	PART
ftr-330	873	68	be	be	AUX
ftr-330	873	69	an	an	DET
ftr-330	873	70	original	original	ADJ
ftr-330	873	71	issue	issue	NOUN
ftr-330	873	72	discount	discount	NOUN
ftr-330	873	73	(	(	PUNCT
ftr-330	873	74	oid	oid	NUM
ftr-330	873	75	)	)	PUNCT
ftr-330	873	76	obligation	obligation	NOUN
ftr-330	873	77	.	.	PUNCT
ftr-330	874	1	under	under	ADP
ftr-330	874	2	the	the	DET
ftr-330	874	3	oid	oid	PROPN
ftr-330	874	4	rules,173	rules,173	PROPN
ftr-330	874	5	over	over	ADP
ftr-330	874	6	the	the	DET
ftr-330	874	7	life	life	NOUN
ftr-330	874	8	of	of	ADP
ftr-330	874	9	the	the	DET
ftr-330	874	10	obligation	obligation	NOUN
ftr-330	874	11	,	,	PUNCT
ftr-330	874	12	the	the	DET
ftr-330	874	13	purchasing	purchase	VERB
ftr-330	874	14	member	member	NOUN
ftr-330	874	15	(	(	PUNCT
ftr-330	874	16	the	the	DET
ftr-330	874	17	creditor	creditor	NOUN
ftr-330	874	18	)	)	PUNCT
ftr-330	874	19	recognizes	recognize	VERB
ftr-330	874	20	interest	interest	NOUN
ftr-330	874	21	income	income	NOUN
ftr-330	874	22	and	and	CCONJ
ftr-330	874	23	the	the	DET
ftr-330	874	24	debtor	debtor	NOUN
ftr-330	874	25	member	member	NOUN
ftr-330	874	26	recognizes	recognize	VERB
ftr-330	874	27	interest	interest	NOUN
ftr-330	874	28	deductions	deduction	NOUN
ftr-330	874	29	.	.	PUNCT
ftr-330	875	1	the	the	DET
ftr-330	875	2	regulations	regulation	NOUN
ftr-330	875	3	contain	contain	VERB
ftr-330	875	4	a	a	DET
ftr-330	875	5	number	number	NOUN
ftr-330	875	6	of	of	ADP
ftr-330	875	7	exceptions	exception	NOUN
ftr-330	875	8	to	to	ADP
ftr-330	875	9	the	the	DET
ftr-330	875	10	application	application	NOUN
ftr-330	875	11	of	of	ADP
ftr-330	875	12	the	the	DET
ftr-330	875	13	deemed	deem	VERB
ftr-330	875	14	-	-	PUNCT
ftr-330	875	15	satisfaction	satisfaction	NOUN
ftr-330	875	16	-	-	PUNCT
ftr-330	875	17	reissuance	reissuance	NOUN
ftr-330	875	18	model	model	NOUN
ftr-330	875	19	where	where	SCONJ
ftr-330	875	20	it	it	PRON
ftr-330	875	21	is	be	AUX
ftr-330	875	22	determined	determine	VERB
ftr-330	875	23	that	that	SCONJ
ftr-330	875	24	application	application	NOUN
ftr-330	875	25	of	of	ADP
ftr-330	875	26	the	the	DET
ftr-330	875	27	model	model	NOUN
ftr-330	875	28	is	be	AUX
ftr-330	875	29	not	not	PART
ftr-330	875	30	necessary	necessary	ADJ
ftr-330	875	31	to	to	PART
ftr-330	875	32	achieve	achieve	VERB
ftr-330	875	33	its	its	PRON
ftr-330	875	34	purposes	purpose	NOUN
ftr-330	875	35	or	or	CCONJ
ftr-330	875	36	that	that	SCONJ
ftr-330	875	37	burdens	burden	NOUN
ftr-330	875	38	associated	associate	VERB
ftr-330	875	39	with	with	ADP
ftr-330	875	40	valuing	value	VERB
ftr-330	875	41	the	the	DET
ftr-330	875	42	obligation	obligation	NOUN
ftr-330	875	43	or	or	CCONJ
ftr-330	875	44	applying	apply	VERB
ftr-330	875	45	the	the	DET
ftr-330	875	46	mechanics	mechanic	NOUN
ftr-330	875	47	of	of	ADP
ftr-330	875	48	the	the	DET
ftr-330	875	49	deemed	deem	VERB
ftr-330	875	50	satisfaction	satisfaction	NOUN
ftr-330	875	51	-	-	PUNCT
ftr-330	875	52	reissuance	reissuance	NOUN
ftr-330	875	53	model	model	NOUN
ftr-330	875	54	outweigh	outweigh	VERB
ftr-330	875	55	the	the	DET
ftr-330	875	56	benefits	benefit	NOUN
ftr-330	875	57	achieved	achieve	VERB
ftr-330	875	58	by	by	ADP
ftr-330	875	59	its	its	PRON
ftr-330	875	60	application	application	NOUN
ftr-330	875	61	.	.	PUNCT
ftr-330	876	1	to	to	PART
ftr-330	876	2	avoid	avoid	VERB
ftr-330	876	3	misuse	misuse	NOUN
ftr-330	876	4	of	of	ADP
ftr-330	876	5	the	the	DET
ftr-330	876	6	exceptions	exception	NOUN
ftr-330	876	7	to	to	ADP
ftr-330	876	8	the	the	DET
ftr-330	876	9	satisfaction	satisfaction	NOUN
ftr-330	876	10	-	-	PUNCT
ftr-330	876	11	reissuance	reissuance	NOUN
ftr-330	876	12	model	model	NOUN
ftr-330	876	13	,	,	PUNCT
ftr-330	876	14	the	the	DET
ftr-330	876	15	regulations	regulation	NOUN
ftr-330	876	16	provide	provide	VERB
ftr-330	876	17	two	two	NUM
ftr-330	876	18	anti	anti	ADJ
ftr-330	876	19	-	-	ADJ
ftr-330	876	20	abuse	abuse	ADJ
ftr-330	876	21	rules	rule	NOUN
ftr-330	876	22	.	.	PUNCT
ftr-330	877	1	the	the	DET
ftr-330	877	2	material	material	NOUN
ftr-330	877	3	tax	tax	NOUN
ftr-330	877	4	benefit	benefit	NOUN
ftr-330	877	5	rule	rule	NOUN
ftr-330	877	6	applies	apply	VERB
ftr-330	877	7	to	to	ADP
ftr-330	877	8	an	an	DET
ftr-330	877	9	intragroup	intragroup	NOUN
ftr-330	877	10	assignment	assignment	NOUN
ftr-330	877	11	or	or	CCONJ
ftr-330	877	12	extinguishment	extinguishment	NOUN
ftr-330	877	13	of	of	ADP
ftr-330	877	14	an	an	DET
ftr-330	877	15	obligation	obligation	NOUN
ftr-330	877	16	if	if	SCONJ
ftr-330	877	17	the	the	DET
ftr-330	877	18	transaction	transaction	NOUN
ftr-330	877	19	is	be	AUX
ftr-330	877	20	undertaken	undertake	VERB
ftr-330	877	21	with	with	ADP
ftr-330	877	22	a	a	DET
ftr-330	877	23	view	view	NOUN
ftr-330	877	24	to	to	ADP
ftr-330	877	25	shifting	shift	VERB
ftr-330	877	26	built	build	VERB
ftr-330	877	27	-	-	PUNCT
ftr-330	877	28	in	in	ADP
ftr-330	877	29	items	item	NOUN
ftr-330	877	30	among	among	ADP
ftr-330	877	31	170	170	NUM
ftr-330	877	32	.	.	PUNCT
ftr-330	878	1	reg	reg	NOUN
ftr-330	878	2	.	.	PUNCT
ftr-330	879	1	§	§	PROPN
ftr-330	879	2	1.1502–13(g	1.1502–13(g	NUM
ftr-330	879	3	)	)	PUNCT
ftr-330	879	4	.	.	PUNCT
ftr-330	880	1	171	171	NUM
ftr-330	880	2	.	.	PUNCT
ftr-330	881	1	reg	reg	NOUN
ftr-330	881	2	.	.	PUNCT
ftr-330	882	1	§	§	PROPN
ftr-330	882	2	1.1502–13(g)(3)(i)(b	1.1502–13(g)(3)(i)(b	NUM
ftr-330	882	3	)	)	PUNCT
ftr-330	882	4	.	.	PUNCT
ftr-330	883	1	172	172	NUM
ftr-330	883	2	.	.	PUNCT
ftr-330	883	3	reg	reg	PROPN
ftr-330	883	4	.	.	PUNCT
ftr-330	884	1	§	§	PROPN
ftr-330	884	2	1.1502–13(g)(3)(ii	1.1502–13(g)(3)(ii	NUM
ftr-330	884	3	)	)	PUNCT
ftr-330	884	4	.	.	PUNCT
ftr-330	885	1	173	173	NUM
ftr-330	885	2	.	.	PUNCT
ftr-330	885	3	i.r.c	i.r.c	NOUN
ftr-330	885	4	.	.	PUNCT
ftr-330	886	1	§	§	PROPN
ftr-330	886	2	§	§	PROPN
ftr-330	886	3	1272–1274	1272–1274	NUM
ftr-330	886	4	,	,	PUNCT
ftr-330	886	5	and	and	CCONJ
ftr-330	886	6	the	the	DET
ftr-330	886	7	regulations	regulation	NOUN
ftr-330	886	8	thereunder	thereunder	NOUN
ftr-330	886	9	.	.	PUNCT
ftr-330	887	1	168	168	NUM
ftr-330	887	2	florida	florida	PROPN
ftr-330	887	3	tax	tax	NOUN
ftr-330	887	4	review	review	NOUN
ftr-330	888	1	[	[	X
ftr-330	888	2	vol	vol	NOUN
ftr-330	888	3	.	.	PUNCT
ftr-330	889	1	12:3	12:3	NUM
ftr-330	889	2	members	member	NOUN
ftr-330	889	3	to	to	PART
ftr-330	889	4	achieve	achieve	VERB
ftr-330	889	5	a	a	DET
ftr-330	889	6	material	material	NOUN
ftr-330	889	7	tax	tax	NOUN
ftr-330	889	8	benefit.174	benefit.174	PROPN
ftr-330	889	9	the	the	DET
ftr-330	889	10	off	off	ADP
ftr-330	889	11	-	-	PUNCT
ftr-330	889	12	market	market	NOUN
ftr-330	889	13	issuance	issuance	NOUN
ftr-330	889	14	rule	rule	NOUN
ftr-330	889	15	applies	apply	VERB
ftr-330	889	16	if	if	SCONJ
ftr-330	889	17	an	an	DET
ftr-330	889	18	intercompany	intercompany	NOUN
ftr-330	889	19	obligation	obligation	NOUN
ftr-330	889	20	is	be	AUX
ftr-330	889	21	issued	issue	VERB
ftr-330	889	22	at	at	ADP
ftr-330	889	23	a	a	DET
ftr-330	889	24	materially	materially	ADV
ftr-330	889	25	off	off	ADP
ftr-330	889	26	-	-	PUNCT
ftr-330	889	27	market	market	NOUN
ftr-330	889	28	interest	interest	NOUN
ftr-330	889	29	rate	rate	NOUN
ftr-330	889	30	with	with	ADP
ftr-330	889	31	a	a	DET
ftr-330	889	32	view	view	NOUN
ftr-330	889	33	to	to	ADP
ftr-330	889	34	shifting	shift	VERB
ftr-330	889	35	of	of	ADP
ftr-330	889	36	built	build	VERB
ftr-330	889	37	-	-	PUNCT
ftr-330	889	38	in	in	ADP
ftr-330	889	39	items	item	NOUN
ftr-330	889	40	from	from	ADP
ftr-330	889	41	the	the	DET
ftr-330	889	42	obligation	obligation	NOUN
ftr-330	889	43	to	to	PART
ftr-330	889	44	secure	secure	VERB
ftr-330	889	45	a	a	DET
ftr-330	889	46	material	material	ADJ
ftr-330	889	47	tax	tax	NOUN
ftr-330	889	48	benefit	benefit	NOUN
ftr-330	889	49	.	.	PUNCT
ftr-330	890	1	in	in	ADP
ftr-330	890	2	such	such	ADJ
ftr-330	890	3	cases	case	NOUN
ftr-330	890	4	,	,	PUNCT
ftr-330	890	5	the	the	DET
ftr-330	890	6	intercompany	intercompany	NOUN
ftr-330	890	7	obligation	obligation	NOUN
ftr-330	890	8	will	will	AUX
ftr-330	890	9	be	be	AUX
ftr-330	890	10	treated	treat	VERB
ftr-330	890	11	as	as	ADP
ftr-330	890	12	originally	originally	ADV
ftr-330	890	13	issued	issue	VERB
ftr-330	890	14	for	for	ADP
ftr-330	890	15	its	its	PRON
ftr-330	890	16	fair	fair	ADJ
ftr-330	890	17	market	market	NOUN
ftr-330	890	18	value	value	NOUN
ftr-330	890	19	,	,	PUNCT
ftr-330	890	20	and	and	CCONJ
ftr-330	890	21	any	any	DET
ftr-330	890	22	difference	difference	NOUN
ftr-330	890	23	between	between	ADP
ftr-330	890	24	the	the	DET
ftr-330	890	25	amount	amount	NOUN
ftr-330	890	26	loaned	loan	VERB
ftr-330	890	27	and	and	CCONJ
ftr-330	890	28	the	the	DET
ftr-330	890	29	fair	fair	ADJ
ftr-330	890	30	market	market	NOUN
ftr-330	890	31	value	value	NOUN
ftr-330	890	32	of	of	ADP
ftr-330	890	33	the	the	DET
ftr-330	890	34	obligation	obligation	NOUN
ftr-330	890	35	will	will	AUX
ftr-330	890	36	be	be	AUX
ftr-330	890	37	treated	treat	VERB
ftr-330	890	38	as	as	ADP
ftr-330	890	39	transferred	transfer	VERB
ftr-330	890	40	between	between	ADP
ftr-330	890	41	the	the	DET
ftr-330	890	42	creditor	creditor	NOUN
ftr-330	890	43	member	member	NOUN
ftr-330	890	44	and	and	CCONJ
ftr-330	890	45	the	the	DET
ftr-330	890	46	debtor	debtor	NOUN
ftr-330	890	47	member	member	NOUN
ftr-330	890	48	,	,	PUNCT
ftr-330	890	49	as	as	ADP
ftr-330	890	50	appropriate	appropriate	ADJ
ftr-330	890	51	(	(	PUNCT
ftr-330	890	52	for	for	ADP
ftr-330	890	53	example	example	NOUN
ftr-330	890	54	,	,	PUNCT
ftr-330	890	55	as	as	ADP
ftr-330	890	56	a	a	DET
ftr-330	890	57	distribution	distribution	NOUN
ftr-330	890	58	or	or	CCONJ
ftr-330	890	59	a	a	DET
ftr-330	890	60	contribution	contribution	NOUN
ftr-330	890	61	to	to	ADP
ftr-330	890	62	capital).175	capital).175	PROPN
ftr-330	890	63	f.	f.	PROPN
ftr-330	890	64	anti	anti	PROPN
ftr-330	890	65	–	–	PUNCT
ftr-330	890	66	abuse	abuse	NOUN
ftr-330	890	67	rules	rule	VERB
ftr-330	890	68	treasury	treasury	NOUN
ftr-330	890	69	regulation	regulation	NOUN
ftr-330	890	70	section	section	NOUN
ftr-330	890	71	1.1502–13(h)(1	1.1502–13(h)(1	NUM
ftr-330	890	72	)	)	PUNCT
ftr-330	890	73	provides	provide	VERB
ftr-330	890	74	that	that	SCONJ
ftr-330	890	75	,	,	PUNCT
ftr-330	890	76	“	"	PUNCT
ftr-330	890	77	if	if	SCONJ
ftr-330	890	78	a	a	DET
ftr-330	890	79	transaction	transaction	NOUN
ftr-330	890	80	is	be	AUX
ftr-330	890	81	structured	structure	VERB
ftr-330	890	82	with	with	ADP
ftr-330	890	83	a	a	DET
ftr-330	890	84	principal	principal	ADJ
ftr-330	890	85	purpose	purpose	NOUN
ftr-330	890	86	to	to	PART
ftr-330	890	87	avoid	avoid	VERB
ftr-330	890	88	the	the	DET
ftr-330	890	89	purposes	purpose	NOUN
ftr-330	890	90	of	of	ADP
ftr-330	890	91	this	this	DET
ftr-330	890	92	section	section	NOUN
ftr-330	890	93	,	,	PUNCT
ftr-330	890	94	(	(	PUNCT
ftr-330	890	95	including	include	VERB
ftr-330	890	96	,	,	PUNCT
ftr-330	890	97	for	for	ADP
ftr-330	890	98	example	example	NOUN
ftr-330	890	99	,	,	PUNCT
ftr-330	890	100	by	by	ADP
ftr-330	890	101	avoiding	avoid	VERB
ftr-330	890	102	treatment	treatment	NOUN
ftr-330	890	103	as	as	ADP
ftr-330	890	104	an	an	DET
ftr-330	890	105	intercompany	intercompany	NOUN
ftr-330	890	106	transaction	transaction	NOUN
ftr-330	890	107	)	)	PUNCT
ftr-330	890	108	,	,	PUNCT
ftr-330	890	109	adjustments	adjustment	NOUN
ftr-330	890	110	must	must	AUX
ftr-330	890	111	be	be	AUX
ftr-330	890	112	made	make	VERB
ftr-330	890	113	to	to	PART
ftr-330	890	114	carry	carry	VERB
ftr-330	890	115	out	out	ADP
ftr-330	890	116	the	the	DET
ftr-330	890	117	purposes	purpose	NOUN
ftr-330	890	118	of	of	ADP
ftr-330	890	119	this	this	DET
ftr-330	890	120	section	section	NOUN
ftr-330	890	121	.	.	PUNCT
ftr-330	890	122	”	"	PUNCT
ftr-330	891	1	specific	specific	ADJ
ftr-330	891	2	examples	example	NOUN
ftr-330	891	3	of	of	ADP
ftr-330	891	4	abusive	abusive	ADJ
ftr-330	891	5	transactions	transaction	NOUN
ftr-330	891	6	described	describe	VERB
ftr-330	891	7	in	in	ADP
ftr-330	891	8	the	the	DET
ftr-330	891	9	regulation	regulation	NOUN
ftr-330	891	10	include	include	VERB
ftr-330	891	11	the	the	DET
ftr-330	891	12	transfer	transfer	NOUN
ftr-330	891	13	of	of	ADP
ftr-330	891	14	property	property	NOUN
ftr-330	891	15	to	to	ADP
ftr-330	891	16	a	a	DET
ftr-330	891	17	partnership	partnership	NOUN
ftr-330	891	18	to	to	PART
ftr-330	891	19	avoid	avoid	VERB
ftr-330	891	20	the	the	DET
ftr-330	891	21	srly	srly	ADJ
ftr-330	891	22	limitation	limitation	NOUN
ftr-330	891	23	,	,	PUNCT
ftr-330	891	24	the	the	DET
ftr-330	891	25	use	use	NOUN
ftr-330	891	26	of	of	ADP
ftr-330	891	27	corporations	corporation	NOUN
ftr-330	891	28	formed	form	VERB
ftr-330	891	29	under	under	ADP
ftr-330	891	30	section	section	NOUN
ftr-330	891	31	351	351	NUM
ftr-330	891	32	or	or	CCONJ
ftr-330	891	33	partnerships	partnership	NOUN
ftr-330	891	34	to	to	PART
ftr-330	891	35	mix	mix	VERB
ftr-330	891	36	assets	asset	NOUN
ftr-330	891	37	for	for	ADP
ftr-330	891	38	the	the	DET
ftr-330	891	39	purpose	purpose	NOUN
ftr-330	891	40	of	of	ADP
ftr-330	891	41	avoiding	avoid	VERB
ftr-330	891	42	gain	gain	NOUN
ftr-330	891	43	on	on	ADP
ftr-330	891	44	disposition	disposition	NOUN
ftr-330	891	45	of	of	ADP
ftr-330	891	46	appreciated	appreciated	ADJ
ftr-330	891	47	property	property	NOUN
ftr-330	891	48	,	,	PUNCT
ftr-330	891	49	and	and	CCONJ
ftr-330	891	50	the	the	DET
ftr-330	891	51	use	use	NOUN
ftr-330	891	52	of	of	ADP
ftr-330	891	53	a	a	DET
ftr-330	891	54	sale	sale	NOUN
ftr-330	891	55	-	-	PUNCT
ftr-330	891	56	leaseback	leaseback	NOUN
ftr-330	891	57	transaction	transaction	NOUN
ftr-330	891	58	to	to	PART
ftr-330	891	59	create	create	VERB
ftr-330	891	60	gain	gain	NOUN
ftr-330	891	61	for	for	ADP
ftr-330	891	62	the	the	DET
ftr-330	891	63	purpose	purpose	NOUN
ftr-330	891	64	of	of	ADP
ftr-330	891	65	absorbing	absorb	VERB
ftr-330	891	66	losses	loss	NOUN
ftr-330	891	67	subject	subject	ADJ
ftr-330	891	68	to	to	ADP
ftr-330	891	69	the	the	DET
ftr-330	891	70	srly	srly	ADJ
ftr-330	891	71	limitation.176	limitation.176	PROPN
ftr-330	891	72	similar	similar	ADJ
ftr-330	891	73	anti	anti	ADJ
ftr-330	891	74	-	-	ADJ
ftr-330	891	75	abuse	abuse	ADJ
ftr-330	891	76	language	language	NOUN
ftr-330	891	77	is	be	AUX
ftr-330	891	78	attached	attach	VERB
ftr-330	891	79	to	to	ADP
ftr-330	891	80	other	other	ADJ
ftr-330	891	81	consolidated	consolidated	ADJ
ftr-330	891	82	return	return	NOUN
ftr-330	892	1	regulations.177	regulations.177	PROPN
ftr-330	892	2	x.	x.	NOUN
ftr-330	892	3	net	net	ADJ
ftr-330	892	4	operating	operating	NOUN
ftr-330	892	5	loss	loss	NOUN
ftr-330	892	6	carryovers	carryover	NOUN
ftr-330	892	7	a.	a.	VERB
ftr-330	892	8	generally	generally	ADV
ftr-330	892	9	if	if	SCONJ
ftr-330	892	10	corporations	corporation	NOUN
ftr-330	892	11	are	be	AUX
ftr-330	892	12	members	member	NOUN
ftr-330	892	13	of	of	ADP
ftr-330	892	14	an	an	DET
ftr-330	892	15	affiliated	affiliated	ADJ
ftr-330	892	16	group	group	NOUN
ftr-330	892	17	of	of	ADP
ftr-330	892	18	corporations	corporation	NOUN
ftr-330	892	19	filing	file	VERB
ftr-330	892	20	a	a	DET
ftr-330	892	21	consolidated	consolidated	ADJ
ftr-330	892	22	return	return	NOUN
ftr-330	892	23	,	,	PUNCT
ftr-330	892	24	the	the	DET
ftr-330	892	25	consolidated	consolidated	ADJ
ftr-330	892	26	net	net	ADJ
ftr-330	892	27	operating	operating	NOUN
ftr-330	892	28	loss	loss	NOUN
ftr-330	892	29	of	of	ADP
ftr-330	892	30	a	a	DET
ftr-330	892	31	consolidated	consolidated	ADJ
ftr-330	892	32	group	group	NOUN
ftr-330	892	33	generally	generally	ADV
ftr-330	892	34	includes	include	VERB
ftr-330	892	35	the	the	DET
ftr-330	892	36	consolidated	consolidated	ADJ
ftr-330	892	37	net	net	ADJ
ftr-330	892	38	operating	operating	NOUN
ftr-330	892	39	loss	loss	NOUN
ftr-330	892	40	(	(	PUNCT
ftr-330	892	41	nol	nol	NOUN
ftr-330	892	42	)	)	PUNCT
ftr-330	892	43	carrybacks	carryback	NOUN
ftr-330	892	44	and	and	CCONJ
ftr-330	892	45	carryovers	carryover	NOUN
ftr-330	892	46	of	of	ADP
ftr-330	892	47	the	the	DET
ftr-330	892	48	group.178	group.178	PROPN
ftr-330	892	49	furthermore	furthermore	ADV
ftr-330	892	50	,	,	PUNCT
ftr-330	892	51	the	the	DET
ftr-330	892	52	regulations	regulation	NOUN
ftr-330	892	53	allow	allow	VERB
ftr-330	892	54	the	the	DET
ftr-330	892	55	net	net	ADJ
ftr-330	892	56	operating	operating	NOUN
ftr-330	892	57	losses	loss	NOUN
ftr-330	892	58	of	of	ADP
ftr-330	892	59	a	a	DET
ftr-330	892	60	member	member	NOUN
ftr-330	892	61	of	of	ADP
ftr-330	892	62	an	an	DET
ftr-330	892	63	affiliated	affiliated	ADJ
ftr-330	892	64	group	group	NOUN
ftr-330	892	65	to	to	PART
ftr-330	892	66	be	be	AUX
ftr-330	892	67	carried	carry	VERB
ftr-330	892	68	over	over	ADP
ftr-330	892	69	from	from	ADP
ftr-330	892	70	a	a	DET
ftr-330	892	71	pre	pre	ADJ
ftr-330	892	72	-	-	ADJ
ftr-330	892	73	consolidation	consolidation	ADJ
ftr-330	892	74	return	return	NOUN
ftr-330	892	75	period	period	NOUN
ftr-330	892	76	against	against	ADP
ftr-330	892	77	the	the	DET
ftr-330	892	78	consolidated	consolidated	ADJ
ftr-330	892	79	income	income	NOUN
ftr-330	892	80	of	of	ADP
ftr-330	892	81	the	the	DET
ftr-330	892	82	group.179	group.179	NOUN
ftr-330	892	83	this	this	DET
ftr-330	892	84	general	general	ADJ
ftr-330	892	85	rule	rule	NOUN
ftr-330	892	86	,	,	PUNCT
ftr-330	892	87	is	be	AUX
ftr-330	892	88	,	,	PUNCT
ftr-330	892	89	however	however	ADV
ftr-330	892	90	,	,	PUNCT
ftr-330	892	91	subject	subject	ADJ
ftr-330	892	92	to	to	ADP
ftr-330	892	93	two	two	NUM
ftr-330	892	94	generally	generally	ADV
ftr-330	892	95	mutually	mutually	ADV
ftr-330	892	96	exclusive	exclusive	ADJ
ftr-330	892	97	limitations	limitation	NOUN
ftr-330	892	98	.	.	PUNCT
ftr-330	893	1	if	if	SCONJ
ftr-330	893	2	after	after	ADP
ftr-330	893	3	a	a	DET
ftr-330	893	4	change	change	NOUN
ftr-330	893	5	of	of	ADP
ftr-330	893	6	174	174	NUM
ftr-330	893	7	.	.	PUNCT
ftr-330	894	1	reg	reg	NOUN
ftr-330	894	2	.	.	PUNCT
ftr-330	895	1	§	§	PROPN
ftr-330	895	2	1.1502–13(g)(3)(i)(c	1.1502–13(g)(3)(i)(c	PROPN
ftr-330	895	3	)	)	PUNCT
ftr-330	895	4	.	.	PUNCT
ftr-330	896	1	175	175	NUM
ftr-330	896	2	.	.	PUNCT
ftr-330	897	1	reg	reg	NOUN
ftr-330	897	2	.	.	PUNCT
ftr-330	898	1	§	§	PROPN
ftr-330	898	2	1.1502–13(g)(4)(iii	1.1502–13(g)(4)(iii	NUM
ftr-330	898	3	)	)	PUNCT
ftr-330	898	4	.	.	PUNCT
ftr-330	899	1	176	176	NUM
ftr-330	899	2	.	.	PUNCT
ftr-330	900	1	reg	reg	PROPN
ftr-330	900	2	.	.	PUNCT
ftr-330	901	1	§	§	PROPN
ftr-330	901	2	1.1502–13(h)(2	1.1502–13(h)(2	NUM
ftr-330	901	3	)	)	PUNCT
ftr-330	901	4	.	.	PUNCT
ftr-330	902	1	177	177	NUM
ftr-330	902	2	.	.	PUNCT
ftr-330	903	1	see	see	VERB
ftr-330	903	2	e.g.	e.g.	ADV
ftr-330	903	3	,	,	PUNCT
ftr-330	903	4	regs	reg	NOUN
ftr-330	903	5	.	.	PUNCT
ftr-330	904	1	§	§	PROPN
ftr-330	904	2	§	§	PROPN
ftr-330	904	3	1.1502–19(e	1.1502–19(e	NUM
ftr-330	904	4	)	)	PUNCT
ftr-330	904	5	,	,	PUNCT
ftr-330	904	6	–	–	PUNCT
ftr-330	904	7	32(e	32(e	NUM
ftr-330	904	8	)	)	PUNCT
ftr-330	904	9	,	,	PUNCT
ftr-330	904	10	and	and	CCONJ
ftr-330	904	11	–	–	PUNCT
ftr-330	904	12	33(g	33(g	NUM
ftr-330	904	13	)	)	PUNCT
ftr-330	904	14	.	.	PUNCT
ftr-330	905	1	178	178	NUM
ftr-330	905	2	.	.	PUNCT
ftr-330	906	1	reg	reg	NOUN
ftr-330	906	2	.	.	PUNCT
ftr-330	907	1	§	§	PROPN
ftr-330	907	2	1.1502–21(a	1.1502–21(a	NUM
ftr-330	907	3	)	)	PUNCT
ftr-330	907	4	.	.	PUNCT
ftr-330	908	1	179	179	NUM
ftr-330	908	2	.	.	PUNCT
ftr-330	909	1	reg	reg	NOUN
ftr-330	909	2	.	.	PUNCT
ftr-330	910	1	§	§	PROPN
ftr-330	910	2	1.1502–21(b	1.1502–21(b	NUM
ftr-330	910	3	)	)	PUNCT
ftr-330	910	4	.	.	PUNCT
ftr-330	911	1	2012	2012	NUM
ftr-330	911	2	]	]	PUNCT
ftr-330	911	3	understanding	understand	VERB
ftr-330	911	4	consolidated	consolidated	ADJ
ftr-330	911	5	returns	return	NOUN
ftr-330	911	6	169	169	NUM
ftr-330	911	7	ownership	ownership	NOUN
ftr-330	911	8	,	,	PUNCT
ftr-330	911	9	the	the	DET
ftr-330	911	10	corporation	corporation	NOUN
ftr-330	911	11	is	be	AUX
ftr-330	911	12	a	a	DET
ftr-330	911	13	member	member	NOUN
ftr-330	911	14	of	of	ADP
ftr-330	911	15	an	an	DET
ftr-330	911	16	affiliated	affiliated	ADJ
ftr-330	911	17	group	group	NOUN
ftr-330	911	18	of	of	ADP
ftr-330	911	19	corporations	corporation	NOUN
ftr-330	911	20	filing	file	VERB
ftr-330	911	21	a	a	DET
ftr-330	911	22	consolidated	consolidated	ADJ
ftr-330	911	23	return	return	NOUN
ftr-330	911	24	and	and	CCONJ
ftr-330	911	25	section	section	NOUN
ftr-330	911	26	382	382	NUM
ftr-330	911	27	is	be	AUX
ftr-330	911	28	applicable	applicable	ADJ
ftr-330	911	29	,	,	PUNCT
ftr-330	911	30	then	then	ADV
ftr-330	911	31	the	the	DET
ftr-330	911	32	carryovers	carryover	NOUN
ftr-330	911	33	are	be	AUX
ftr-330	911	34	limited	limit	VERB
ftr-330	911	35	accordingly.180	accordingly.180	NOUN
ftr-330	911	36	alternatively	alternatively	ADV
ftr-330	911	37	,	,	PUNCT
ftr-330	911	38	if	if	SCONJ
ftr-330	911	39	there	there	PRON
ftr-330	911	40	was	be	VERB
ftr-330	911	41	not	not	PART
ftr-330	911	42	a	a	DET
ftr-330	911	43	change	change	NOUN
ftr-330	911	44	of	of	ADP
ftr-330	911	45	control	control	NOUN
ftr-330	911	46	within	within	ADP
ftr-330	911	47	the	the	DET
ftr-330	911	48	meaning	meaning	NOUN
ftr-330	911	49	of	of	ADP
ftr-330	911	50	section	section	NOUN
ftr-330	911	51	382	382	NUM
ftr-330	911	52	,	,	PUNCT
ftr-330	911	53	but	but	CCONJ
ftr-330	911	54	the	the	DET
ftr-330	911	55	loss	loss	NOUN
ftr-330	911	56	year	year	NOUN
ftr-330	911	57	was	be	AUX
ftr-330	911	58	a	a	DET
ftr-330	911	59	“	"	PUNCT
ftr-330	911	60	separate	separate	ADJ
ftr-330	911	61	return	return	NOUN
ftr-330	911	62	limitation	limitation	NOUN
ftr-330	911	63	year	year	NOUN
ftr-330	911	64	”	"	PUNCT
ftr-330	911	65	(	(	PUNCT
ftr-330	911	66	srly	srly	ADV
ftr-330	911	67	)	)	PUNCT
ftr-330	911	68	,	,	PUNCT
ftr-330	911	69	then	then	ADV
ftr-330	911	70	the	the	DET
ftr-330	911	71	loss	loss	NOUN
ftr-330	911	72	may	may	AUX
ftr-330	911	73	be	be	AUX
ftr-330	911	74	carried	carry	VERB
ftr-330	911	75	over	over	ADP
ftr-330	911	76	only	only	ADV
ftr-330	911	77	against	against	ADP
ftr-330	911	78	the	the	DET
ftr-330	911	79	income	income	NOUN
ftr-330	911	80	of	of	ADP
ftr-330	911	81	the	the	DET
ftr-330	911	82	member	member	NOUN
ftr-330	911	83	of	of	ADP
ftr-330	911	84	the	the	DET
ftr-330	911	85	group	group	NOUN
ftr-330	911	86	that	that	PRON
ftr-330	911	87	generated	generate	VERB
ftr-330	911	88	the	the	DET
ftr-330	911	89	loss.181	loss.181	NOUN
ftr-330	911	90	the	the	DET
ftr-330	911	91	srly	srly	ADJ
ftr-330	911	92	rules	rule	NOUN
ftr-330	911	93	allow	allow	VERB
ftr-330	911	94	the	the	DET
ftr-330	911	95	use	use	NOUN
ftr-330	911	96	of	of	ADP
ftr-330	911	97	losses	loss	NOUN
ftr-330	911	98	from	from	ADP
ftr-330	911	99	a	a	DET
ftr-330	911	100	separate	separate	ADJ
ftr-330	911	101	return	return	NOUN
ftr-330	911	102	year	year	NOUN
ftr-330	911	103	of	of	ADP
ftr-330	911	104	a	a	DET
ftr-330	911	105	member	member	NOUN
ftr-330	911	106	of	of	ADP
ftr-330	911	107	the	the	DET
ftr-330	911	108	group	group	NOUN
ftr-330	911	109	only	only	ADV
ftr-330	911	110	to	to	ADP
ftr-330	911	111	the	the	DET
ftr-330	911	112	extent	extent	NOUN
ftr-330	911	113	of	of	ADP
ftr-330	911	114	income	income	NOUN
ftr-330	911	115	produced	produce	VERB
ftr-330	911	116	by	by	ADP
ftr-330	911	117	that	that	DET
ftr-330	911	118	member	member	NOUN
ftr-330	911	119	.	.	PUNCT
ftr-330	912	1	the	the	DET
ftr-330	912	2	srly	srly	ADJ
ftr-330	912	3	rule	rule	NOUN
ftr-330	912	4	does	do	AUX
ftr-330	912	5	not	not	PART
ftr-330	912	6	apply	apply	VERB
ftr-330	912	7	if	if	SCONJ
ftr-330	912	8	a	a	DET
ftr-330	912	9	corporation	corporation	NOUN
ftr-330	912	10	becomes	become	VERB
ftr-330	912	11	a	a	DET
ftr-330	912	12	member	member	NOUN
ftr-330	912	13	of	of	ADP
ftr-330	912	14	a	a	DET
ftr-330	912	15	consolidated	consolidated	ADJ
ftr-330	912	16	group	group	NOUN
ftr-330	912	17	within	within	ADP
ftr-330	912	18	six	six	NUM
ftr-330	912	19	months	month	NOUN
ftr-330	912	20	of	of	ADP
ftr-330	912	21	the	the	DET
ftr-330	912	22	change	change	NOUN
ftr-330	912	23	date	date	NOUN
ftr-330	912	24	of	of	ADP
ftr-330	912	25	an	an	DET
ftr-330	912	26	ownership	ownership	NOUN
ftr-330	912	27	change.182	change.182	NOUN
ftr-330	912	28	thus	thus	ADV
ftr-330	912	29	,	,	PUNCT
ftr-330	912	30	in	in	ADP
ftr-330	912	31	cases	case	NOUN
ftr-330	912	32	of	of	ADP
ftr-330	912	33	overlap	overlap	NOUN
ftr-330	912	34	,	,	PUNCT
ftr-330	912	35	generally	generally	ADV
ftr-330	912	36	only	only	ADV
ftr-330	912	37	the	the	DET
ftr-330	912	38	section	section	NOUN
ftr-330	912	39	382	382	NUM
ftr-330	912	40	limitation	limitation	NOUN
ftr-330	912	41	is	be	AUX
ftr-330	912	42	applicable.183	applicable.183	ADV
ftr-330	912	43	as	as	ADV
ftr-330	912	44	noted	note	VERB
ftr-330	912	45	above	above	ADV
ftr-330	912	46	,	,	PUNCT
ftr-330	912	47	in	in	ADP
ftr-330	912	48	united	united	PROPN
ftr-330	912	49	dominion	dominion	NOUN
ftr-330	912	50	industries	industry	NOUN
ftr-330	912	51	,	,	PUNCT
ftr-330	912	52	inc	inc	PROPN
ftr-330	912	53	.	.	PROPN
ftr-330	913	1	v.	v.	PROPN
ftr-330	913	2	united	united	PROPN
ftr-330	913	3	states,184	states,184	ADP
ftr-330	913	4	the	the	DET
ftr-330	913	5	supreme	supreme	PROPN
ftr-330	913	6	court	court	PROPN
ftr-330	913	7	adopted	adopt	VERB
ftr-330	913	8	the	the	DET
ftr-330	913	9	single	single	ADJ
ftr-330	913	10	entity	entity	NOUN
ftr-330	913	11	approach	approach	NOUN
ftr-330	913	12	regarding	regard	VERB
ftr-330	913	13	consolidated	consolidated	ADJ
ftr-330	913	14	net	net	ADJ
ftr-330	913	15	operating	operating	NOUN
ftr-330	913	16	losses	loss	NOUN
ftr-330	913	17	,	,	PUNCT
ftr-330	913	18	making	make	VERB
ftr-330	913	19	it	it	PRON
ftr-330	913	20	clear	clear	ADJ
ftr-330	913	21	that	that	SCONJ
ftr-330	913	22	there	there	PRON
ftr-330	913	23	is	be	VERB
ftr-330	913	24	only	only	ADV
ftr-330	913	25	a	a	DET
ftr-330	913	26	consolidated	consolidated	ADJ
ftr-330	913	27	net	net	ADJ
ftr-330	913	28	operating	operating	NOUN
ftr-330	913	29	loss	loss	NOUN
ftr-330	913	30	,	,	PUNCT
ftr-330	913	31	not	not	PART
ftr-330	913	32	a	a	DET
ftr-330	913	33	collection	collection	NOUN
ftr-330	913	34	of	of	ADP
ftr-330	913	35	the	the	DET
ftr-330	913	36	separate	separate	ADJ
ftr-330	913	37	members	member	NOUN
ftr-330	913	38	’	’	PART
ftr-330	913	39	losses	loss	NOUN
ftr-330	913	40	,	,	PUNCT
ftr-330	913	41	although	although	SCONJ
ftr-330	913	42	separate	separate	ADJ
ftr-330	913	43	member	member	NOUN
ftr-330	913	44	losses	loss	NOUN
ftr-330	913	45	must	must	AUX
ftr-330	913	46	be	be	AUX
ftr-330	913	47	identified	identify	VERB
ftr-330	913	48	when	when	SCONJ
ftr-330	913	49	members	member	NOUN
ftr-330	913	50	enter	enter	VERB
ftr-330	913	51	and	and	CCONJ
ftr-330	913	52	leave	leave	VERB
ftr-330	913	53	a	a	DET
ftr-330	913	54	group	group	NOUN
ftr-330	913	55	.	.	PUNCT
ftr-330	914	1	united	united	PROPN
ftr-330	914	2	dominion	dominion	PROPN
ftr-330	914	3	industries	industry	NOUN
ftr-330	914	4	was	be	AUX
ftr-330	914	5	the	the	DET
ftr-330	914	6	parent	parent	NOUN
ftr-330	914	7	of	of	ADP
ftr-330	914	8	an	an	DET
ftr-330	914	9	affiliated	affiliated	ADJ
ftr-330	914	10	group	group	NOUN
ftr-330	914	11	that	that	PRON
ftr-330	914	12	reported	report	VERB
ftr-330	914	13	a	a	DET
ftr-330	914	14	consolidated	consolidated	ADJ
ftr-330	914	15	net	net	ADJ
ftr-330	914	16	operating	operating	NOUN
ftr-330	914	17	loss	loss	NOUN
ftr-330	914	18	in	in	ADP
ftr-330	914	19	each	each	PRON
ftr-330	914	20	of	of	ADP
ftr-330	914	21	three	three	NUM
ftr-330	914	22	years	year	NOUN
ftr-330	914	23	.	.	PUNCT
ftr-330	915	1	the	the	DET
ftr-330	915	2	consolidated	consolidated	ADJ
ftr-330	915	3	net	net	ADJ
ftr-330	915	4	operating	operating	NOUN
ftr-330	915	5	losses	loss	NOUN
ftr-330	915	6	included	include	VERB
ftr-330	915	7	losses	loss	NOUN
ftr-330	915	8	attributable	attributable	ADJ
ftr-330	915	9	to	to	ADP
ftr-330	915	10	so	so	ADV
ftr-330	915	11	-	-	PUNCT
ftr-330	915	12	called	call	VERB
ftr-330	915	13	product	product	NOUN
ftr-330	915	14	liability	liability	NOUN
ftr-330	915	15	expenses	expense	NOUN
ftr-330	915	16	that	that	PRON
ftr-330	915	17	gave	give	VERB
ftr-330	915	18	rise	rise	NOUN
ftr-330	915	19	to	to	ADP
ftr-330	915	20	product	product	NOUN
ftr-330	915	21	liability	liability	NOUN
ftr-330	915	22	losses	loss	NOUN
ftr-330	915	23	.	.	PUNCT
ftr-330	916	1	product	product	NOUN
ftr-330	916	2	liability	liability	NOUN
ftr-330	916	3	losses	loss	NOUN
ftr-330	916	4	can	can	AUX
ftr-330	916	5	be	be	AUX
ftr-330	916	6	carried	carry	VERB
ftr-330	916	7	back	back	ADV
ftr-330	916	8	under	under	ADP
ftr-330	916	9	section	section	NOUN
ftr-330	916	10	172(b)(1)(i	172(b)(1)(i	PROPN
ftr-330	916	11	)	)	PUNCT
ftr-330	916	12	for	for	ADP
ftr-330	916	13	ten	ten	NUM
ftr-330	916	14	years	year	NOUN
ftr-330	916	15	,	,	PUNCT
ftr-330	916	16	rather	rather	ADV
ftr-330	916	17	than	than	ADP
ftr-330	916	18	the	the	DET
ftr-330	916	19	much	much	ADV
ftr-330	916	20	shorter	short	ADJ
ftr-330	916	21	carryback	carryback	NOUN
ftr-330	916	22	allowed	allow	VERB
ftr-330	916	23	under	under	ADP
ftr-330	916	24	section	section	NOUN
ftr-330	916	25	172(b)(1)(a	172(b)(1)(a	NUM
ftr-330	916	26	)	)	PUNCT
ftr-330	916	27	.	.	PUNCT
ftr-330	917	1	five	five	NUM
ftr-330	917	2	of	of	ADP
ftr-330	917	3	the	the	DET
ftr-330	917	4	corporate	corporate	ADJ
ftr-330	917	5	members	member	NOUN
ftr-330	917	6	of	of	ADP
ftr-330	917	7	the	the	DET
ftr-330	917	8	affiliated	affiliated	ADJ
ftr-330	917	9	group	group	NOUN
ftr-330	917	10	,	,	PUNCT
ftr-330	917	11	which	which	PRON
ftr-330	917	12	collectively	collectively	ADV
ftr-330	917	13	generated	generate	VERB
ftr-330	917	14	$	$	SYM
ftr-330	917	15	3.1	3.1	NUM
ftr-330	917	16	million	million	NUM
ftr-330	917	17	of	of	ADP
ftr-330	917	18	product	product	NOUN
ftr-330	917	19	liability	liability	NOUN
ftr-330	917	20	expenses	expense	NOUN
ftr-330	917	21	over	over	ADP
ftr-330	917	22	three	three	NUM
ftr-330	917	23	years	year	NOUN
ftr-330	917	24	,	,	PUNCT
ftr-330	917	25	had	have	VERB
ftr-330	917	26	sufficient	sufficient	ADJ
ftr-330	917	27	income	income	NOUN
ftr-330	917	28	to	to	PART
ftr-330	917	29	offset	offset	VERB
ftr-330	917	30	their	their	PRON
ftr-330	917	31	product	product	NOUN
ftr-330	917	32	liability	liability	NOUN
ftr-330	917	33	expenses	expense	NOUN
ftr-330	917	34	,	,	PUNCT
ftr-330	917	35	thereby	thereby	ADV
ftr-330	917	36	producing	produce	VERB
ftr-330	917	37	positive	positive	ADJ
ftr-330	917	38	separate	separate	ADJ
ftr-330	917	39	taxable	taxable	ADJ
ftr-330	917	40	income	income	NOUN
ftr-330	917	41	in	in	ADP
ftr-330	917	42	each	each	DET
ftr-330	917	43	entity	entity	NOUN
ftr-330	917	44	.	.	PUNCT
ftr-330	918	1	the	the	DET
ftr-330	918	2	government	government	NOUN
ftr-330	918	3	argued	argue	VERB
ftr-330	918	4	that	that	SCONJ
ftr-330	918	5	the	the	DET
ftr-330	918	6	consolidated	consolidated	ADJ
ftr-330	918	7	group	group	NOUN
ftr-330	918	8	could	could	AUX
ftr-330	918	9	not	not	PART
ftr-330	918	10	carry	carry	VERB
ftr-330	918	11	back	back	ADP
ftr-330	918	12	product	product	NOUN
ftr-330	918	13	liability	liability	NOUN
ftr-330	918	14	expenses	expense	NOUN
ftr-330	918	15	incurred	incur	VERB
ftr-330	918	16	by	by	ADP
ftr-330	918	17	a	a	DET
ftr-330	918	18	profitable	profitable	ADJ
ftr-330	918	19	member	member	NOUN
ftr-330	918	20	because	because	SCONJ
ftr-330	918	21	the	the	DET
ftr-330	918	22	product	product	NOUN
ftr-330	918	23	liability	liability	NOUN
ftr-330	918	24	expenses	expense	NOUN
ftr-330	918	25	that	that	PRON
ftr-330	918	26	were	be	AUX
ftr-330	918	27	offset	offset	VERB
ftr-330	918	28	with	with	ADP
ftr-330	918	29	positive	positive	ADJ
ftr-330	918	30	income	income	NOUN
ftr-330	918	31	did	do	AUX
ftr-330	918	32	not	not	PART
ftr-330	918	33	enter	enter	VERB
ftr-330	918	34	into	into	ADP
ftr-330	918	35	the	the	DET
ftr-330	918	36	180	180	NUM
ftr-330	918	37	.	.	PUNCT
ftr-330	919	1	reg	reg	NOUN
ftr-330	919	2	.	.	PUNCT
ftr-330	920	1	§	§	PROPN
ftr-330	920	2	1.1502–91	1.1502–91	NUM
ftr-330	920	3	.	.	PROPN
ftr-330	920	4	181	181	NUM
ftr-330	920	5	.	.	PUNCT
ftr-330	920	6	regs	regs	PROPN
ftr-330	920	7	.	.	PUNCT
ftr-330	921	1	§	§	PROPN
ftr-330	921	2	§	§	PROPN
ftr-330	921	3	1.1502–21(c	1.1502–21(c	NUM
ftr-330	921	4	)	)	PUNCT
ftr-330	921	5	(	(	PUNCT
ftr-330	921	6	nols	nols	PROPN
ftr-330	921	7	)	)	PUNCT
ftr-330	921	8	and	and	CCONJ
ftr-330	921	9	–	–	PUNCT
ftr-330	921	10	22(c	22(c	NUM
ftr-330	921	11	)	)	PUNCT
ftr-330	921	12	(	(	PUNCT
ftr-330	921	13	capital	capital	NOUN
ftr-330	921	14	loss	loss	NOUN
ftr-330	921	15	carryovers	carryover	NOUN
ftr-330	921	16	)	)	PUNCT
ftr-330	921	17	.	.	PUNCT
ftr-330	922	1	182	182	NUM
ftr-330	922	2	.	.	PUNCT
ftr-330	923	1	reg	reg	NOUN
ftr-330	923	2	.	.	PUNCT
ftr-330	924	1	§	§	PROPN
ftr-330	924	2	1.1502–21(g	1.1502–21(g	NUM
ftr-330	924	3	)	)	PUNCT
ftr-330	924	4	.	.	PUNCT
ftr-330	925	1	183	183	NUM
ftr-330	925	2	.	.	PUNCT
ftr-330	926	1	in	in	ADP
ftr-330	926	2	limited	limited	ADJ
ftr-330	926	3	cases	case	NOUN
ftr-330	926	4	generally	generally	ADV
ftr-330	926	5	beyond	beyond	ADP
ftr-330	926	6	the	the	DET
ftr-330	926	7	scope	scope	NOUN
ftr-330	926	8	of	of	ADP
ftr-330	926	9	this	this	DET
ftr-330	926	10	article	article	NOUN
ftr-330	926	11	,	,	PUNCT
ftr-330	926	12	both	both	CCONJ
ftr-330	926	13	the	the	DET
ftr-330	926	14	srly	srly	ADJ
ftr-330	926	15	rule	rule	NOUN
ftr-330	926	16	and	and	CCONJ
ftr-330	926	17	§	§	PROPN
ftr-330	926	18	382	382	NUM
ftr-330	926	19	may	may	AUX
ftr-330	926	20	apply	apply	VERB
ftr-330	926	21	.	.	PUNCT
ftr-330	927	1	this	this	PRON
ftr-330	927	2	generally	generally	ADV
ftr-330	927	3	occurs	occur	VERB
ftr-330	927	4	when	when	SCONJ
ftr-330	927	5	there	there	PRON
ftr-330	927	6	are	be	VERB
ftr-330	927	7	two	two	NUM
ftr-330	927	8	different	different	ADJ
ftr-330	927	9	acquisitions	acquisition	NOUN
ftr-330	927	10	.	.	PUNCT
ftr-330	928	1	for	for	ADP
ftr-330	928	2	example	example	NOUN
ftr-330	928	3	,	,	PUNCT
ftr-330	928	4	if	if	SCONJ
ftr-330	928	5	x	x	SYM
ftr-330	928	6	corporation	corporation	NOUN
ftr-330	928	7	,	,	PUNCT
ftr-330	928	8	which	which	PRON
ftr-330	928	9	is	be	AUX
ftr-330	928	10	the	the	DET
ftr-330	928	11	common	common	ADJ
ftr-330	928	12	parent	parent	NOUN
ftr-330	928	13	of	of	ADP
ftr-330	928	14	a	a	DET
ftr-330	928	15	consolidated	consolidated	ADJ
ftr-330	928	16	group	group	NOUN
ftr-330	928	17	,	,	PUNCT
ftr-330	928	18	owns	own	VERB
ftr-330	928	19	50	50	NUM
ftr-330	928	20	percent	percent	NOUN
ftr-330	928	21	of	of	ADP
ftr-330	928	22	y	y	PROPN
ftr-330	928	23	corporation	corporation	NOUN
ftr-330	928	24	and	and	CCONJ
ftr-330	928	25	acquires	acquire	VERB
ftr-330	928	26	an	an	DET
ftr-330	928	27	additional	additional	ADJ
ftr-330	928	28	30	30	NUM
ftr-330	928	29	percent	percent	NOUN
ftr-330	928	30	of	of	ADP
ftr-330	928	31	the	the	DET
ftr-330	928	32	y	y	PROPN
ftr-330	928	33	corporation	corporation	PROPN
ftr-330	928	34	stock	stock	NOUN
ftr-330	928	35	at	at	ADP
ftr-330	928	36	a	a	DET
ftr-330	928	37	time	time	NOUN
ftr-330	928	38	when	when	SCONJ
ftr-330	928	39	y	y	PROPN
ftr-330	928	40	corporation	corporation	NOUN
ftr-330	928	41	has	have	VERB
ftr-330	928	42	net	net	ADJ
ftr-330	928	43	operating	operating	NOUN
ftr-330	928	44	loss	loss	NOUN
ftr-330	928	45	carryovers	carryover	NOUN
ftr-330	928	46	,	,	PUNCT
ftr-330	928	47	the	the	DET
ftr-330	928	48	srly	srly	ADJ
ftr-330	928	49	rules	rule	NOUN
ftr-330	928	50	apply	apply	VERB
ftr-330	928	51	to	to	ADP
ftr-330	928	52	y	y	PROPN
ftr-330	928	53	corporation	corporation	PROPN
ftr-330	928	54	’s	’s	PART
ftr-330	928	55	net	net	ADJ
ftr-330	928	56	operating	operating	NOUN
ftr-330	928	57	loss	loss	NOUN
ftr-330	928	58	carryovers	carryover	NOUN
ftr-330	928	59	.	.	PUNCT
ftr-330	929	1	if	if	SCONJ
ftr-330	929	2	p	p	PROPN
ftr-330	929	3	corporation	corporation	NOUN
ftr-330	929	4	,	,	PUNCT
ftr-330	929	5	which	which	PRON
ftr-330	929	6	is	be	AUX
ftr-330	929	7	the	the	DET
ftr-330	929	8	common	common	ADJ
ftr-330	929	9	parent	parent	NOUN
ftr-330	929	10	of	of	ADP
ftr-330	929	11	a	a	DET
ftr-330	929	12	consolidated	consolidated	ADJ
ftr-330	929	13	group	group	NOUN
ftr-330	929	14	,	,	PUNCT
ftr-330	929	15	subsequently	subsequently	ADV
ftr-330	929	16	acquires	acquire	VERB
ftr-330	929	17	80	80	NUM
ftr-330	929	18	percent	percent	NOUN
ftr-330	929	19	of	of	ADP
ftr-330	929	20	x	x	PROPN
ftr-330	929	21	corporation	corporation	NOUN
ftr-330	929	22	,	,	PUNCT
ftr-330	929	23	resulting	result	VERB
ftr-330	929	24	in	in	ADP
ftr-330	929	25	both	both	DET
ftr-330	929	26	x	x	SYM
ftr-330	929	27	corporation	corporation	NOUN
ftr-330	929	28	and	and	CCONJ
ftr-330	929	29	y	y	PROPN
ftr-330	929	30	corporation	corporation	NOUN
ftr-330	929	31	becoming	become	VERB
ftr-330	929	32	members	member	NOUN
ftr-330	929	33	of	of	ADP
ftr-330	929	34	p	p	PROPN
ftr-330	929	35	corporation	corporation	NOUN
ftr-330	929	36	’s	’s	PART
ftr-330	929	37	consolidated	consolidated	PROPN
ftr-330	929	38	group	group	NOUN
ftr-330	929	39	,	,	PUNCT
ftr-330	929	40	§	§	PROPN
ftr-330	929	41	382	382	NUM
ftr-330	929	42	applies	apply	VERB
ftr-330	929	43	to	to	ADP
ftr-330	929	44	the	the	DET
ftr-330	929	45	p	p	PROPN
ftr-330	929	46	corporation	corporation	NOUN
ftr-330	929	47	subgroup	subgroup	NOUN
ftr-330	929	48	’s	’s	PART
ftr-330	929	49	net	net	ADJ
ftr-330	929	50	operating	operating	NOUN
ftr-330	929	51	loss	loss	NOUN
ftr-330	929	52	carryovers	carryover	NOUN
ftr-330	929	53	,	,	PUNCT
ftr-330	929	54	while	while	SCONJ
ftr-330	929	55	the	the	DET
ftr-330	929	56	srly	srly	ADJ
ftr-330	929	57	rules	rule	NOUN
ftr-330	929	58	continue	continue	VERB
ftr-330	929	59	to	to	PART
ftr-330	929	60	apply	apply	VERB
ftr-330	929	61	to	to	ADP
ftr-330	929	62	y	y	PROPN
ftr-330	929	63	corporation	corporation	PROPN
ftr-330	929	64	’s	’s	PART
ftr-330	929	65	net	net	ADJ
ftr-330	929	66	operating	operating	NOUN
ftr-330	929	67	loss	loss	NOUN
ftr-330	929	68	carryovers	carryover	NOUN
ftr-330	929	69	.	.	PUNCT
ftr-330	930	1	184	184	NUM
ftr-330	930	2	.	.	X
ftr-330	931	1	532	532	NUM
ftr-330	931	2	u.s	u.s	PROPN
ftr-330	931	3	.	.	PROPN
ftr-330	931	4	822	822	NUM
ftr-330	931	5	(	(	PUNCT
ftr-330	931	6	2001	2001	NUM
ftr-330	931	7	)	)	PUNCT
ftr-330	931	8	.	.	PUNCT
ftr-330	932	1	170	170	NUM
ftr-330	932	2	florida	florida	PROPN
ftr-330	932	3	tax	tax	NOUN
ftr-330	932	4	review	review	NOUN
ftr-330	932	5	[	[	X
ftr-330	932	6	vol	vol	NOUN
ftr-330	932	7	.	.	PUNCT
ftr-330	933	1	12:3	12:3	NUM
ftr-330	933	2	consolidated	consolidated	ADJ
ftr-330	933	3	net	net	ADJ
ftr-330	933	4	operating	operating	NOUN
ftr-330	933	5	loss	loss	NOUN
ftr-330	933	6	of	of	ADP
ftr-330	933	7	the	the	DET
ftr-330	933	8	group	group	NOUN
ftr-330	933	9	.	.	PUNCT
ftr-330	934	1	the	the	DET
ftr-330	934	2	supreme	supreme	PROPN
ftr-330	934	3	court	court	PROPN
ftr-330	934	4	reasoned	reason	VERB
ftr-330	934	5	that	that	SCONJ
ftr-330	934	6	there	there	PRON
ftr-330	934	7	is	be	VERB
ftr-330	934	8	only	only	ADV
ftr-330	934	9	a	a	DET
ftr-330	934	10	single	single	ADJ
ftr-330	934	11	definition	definition	NOUN
ftr-330	934	12	of	of	ADP
ftr-330	934	13	consolidated	consolidated	ADJ
ftr-330	934	14	net	net	ADJ
ftr-330	934	15	operating	operating	NOUN
ftr-330	934	16	loss	loss	NOUN
ftr-330	934	17	in	in	ADP
ftr-330	934	18	treasury	treasury	NOUN
ftr-330	934	19	regulation	regulation	NOUN
ftr-330	934	20	section	section	NOUN
ftr-330	934	21	1.1502–21(f	1.1502–21(f	NUM
ftr-330	934	22	)	)	PUNCT
ftr-330	934	23	and	and	CCONJ
ftr-330	934	24	no	no	DET
ftr-330	934	25	definition	definition	NOUN
ftr-330	934	26	in	in	ADP
ftr-330	934	27	the	the	DET
ftr-330	934	28	regulations	regulation	NOUN
ftr-330	934	29	of	of	ADP
ftr-330	934	30	a	a	DET
ftr-330	934	31	separate	separate	ADJ
ftr-330	934	32	nol	nol	NOUN
ftr-330	934	33	for	for	ADP
ftr-330	934	34	a	a	DET
ftr-330	934	35	single	single	ADJ
ftr-330	934	36	member	member	NOUN
ftr-330	934	37	of	of	ADP
ftr-330	934	38	the	the	DET
ftr-330	934	39	consolidated	consolidated	ADJ
ftr-330	934	40	group	group	NOUN
ftr-330	934	41	.	.	PUNCT
ftr-330	935	1	the	the	DET
ftr-330	935	2	subsidiary	subsidiary	NOUN
ftr-330	935	3	’s	’s	PART
ftr-330	935	4	specified	specify	VERB
ftr-330	935	5	liability	liability	NOUN
ftr-330	935	6	loss	loss	NOUN
ftr-330	935	7	deduction	deduction	NOUN
ftr-330	935	8	items	item	NOUN
ftr-330	935	9	reduced	reduce	VERB
ftr-330	935	10	the	the	DET
ftr-330	935	11	subsidiary	subsidiary	NOUN
ftr-330	935	12	’s	’s	PART
ftr-330	935	13	separate	separate	ADJ
ftr-330	935	14	taxable	taxable	ADJ
ftr-330	935	15	income	income	NOUN
ftr-330	935	16	dollar	dollar	NOUN
ftr-330	935	17	-	-	PUNCT
ftr-330	935	18	for	for	ADP
ftr-330	935	19	-	-	PUNCT
ftr-330	935	20	dollar	dollar	NOUN
ftr-330	935	21	and	and	CCONJ
ftr-330	935	22	thereby	thereby	ADV
ftr-330	935	23	contributed	contribute	VERB
ftr-330	935	24	to	to	ADP
ftr-330	935	25	the	the	DET
ftr-330	935	26	overall	overall	ADJ
ftr-330	935	27	consolidated	consolidated	ADJ
ftr-330	935	28	net	net	ADJ
ftr-330	935	29	operating	operating	NOUN
ftr-330	935	30	loss	loss	NOUN
ftr-330	935	31	of	of	ADP
ftr-330	935	32	the	the	DET
ftr-330	935	33	affiliated	affiliated	ADJ
ftr-330	935	34	group	group	NOUN
ftr-330	935	35	.	.	PUNCT
ftr-330	936	1	a	a	DET
ftr-330	936	2	product	product	NOUN
ftr-330	936	3	liability	liability	NOUN
ftr-330	936	4	loss	loss	NOUN
ftr-330	936	5	subject	subject	ADJ
ftr-330	936	6	to	to	ADP
ftr-330	936	7	the	the	DET
ftr-330	936	8	special	special	ADJ
ftr-330	936	9	ten	ten	NUM
ftr-330	936	10	year	year	NOUN
ftr-330	936	11	carryback	carryback	NOUN
ftr-330	936	12	is	be	AUX
ftr-330	936	13	the	the	DET
ftr-330	936	14	lesser	less	ADJ
ftr-330	936	15	of	of	ADP
ftr-330	936	16	product	product	NOUN
ftr-330	936	17	liability	liability	NOUN
ftr-330	936	18	expenses	expense	NOUN
ftr-330	936	19	or	or	CCONJ
ftr-330	936	20	the	the	DET
ftr-330	936	21	taxpayer	taxpayer	NOUN
ftr-330	936	22	’s	’s	PART
ftr-330	936	23	nol	nol	NOUN
ftr-330	936	24	for	for	ADP
ftr-330	936	25	the	the	DET
ftr-330	936	26	taxable	taxable	ADJ
ftr-330	936	27	year.185	year.185	NOUN
ftr-330	936	28	identifying	identify	VERB
ftr-330	936	29	the	the	DET
ftr-330	936	30	product	product	NOUN
ftr-330	936	31	liability	liability	NOUN
ftr-330	936	32	loss	loss	NOUN
ftr-330	936	33	first	first	ADV
ftr-330	936	34	requires	require	VERB
ftr-330	936	35	calculation	calculation	NOUN
ftr-330	936	36	of	of	ADP
ftr-330	936	37	the	the	DET
ftr-330	936	38	consolidated	consolidated	PROPN
ftr-330	936	39	group	group	NOUN
ftr-330	936	40	’s	’s	PART
ftr-330	936	41	consolidated	consolidate	VERB
ftr-330	936	42	net	net	ADJ
ftr-330	936	43	operating	operating	NOUN
ftr-330	936	44	loss	loss	NOUN
ftr-330	936	45	,	,	PUNCT
ftr-330	936	46	the	the	DET
ftr-330	936	47	only	only	ADJ
ftr-330	936	48	nol	nol	NOUN
ftr-330	936	49	available	available	ADJ
ftr-330	936	50	under	under	ADP
ftr-330	936	51	the	the	DET
ftr-330	936	52	consolidated	consolidated	ADJ
ftr-330	936	53	return	return	NOUN
ftr-330	936	54	regulations	regulation	NOUN
ftr-330	936	55	,	,	PUNCT
ftr-330	936	56	then	then	ADV
ftr-330	936	57	determining	determine	VERB
ftr-330	936	58	product	product	NOUN
ftr-330	936	59	liability	liability	NOUN
ftr-330	936	60	loss	loss	NOUN
ftr-330	936	61	from	from	ADP
ftr-330	936	62	all	all	PRON
ftr-330	936	63	of	of	ADP
ftr-330	936	64	the	the	DET
ftr-330	936	65	product	product	NOUN
ftr-330	936	66	liability	liability	NOUN
ftr-330	936	67	expenses	expense	NOUN
ftr-330	936	68	within	within	ADP
ftr-330	936	69	the	the	DET
ftr-330	936	70	consolidated	consolidated	ADJ
ftr-330	936	71	group	group	NOUN
ftr-330	936	72	.	.	PUNCT
ftr-330	937	1	thus	thus	ADV
ftr-330	937	2	,	,	PUNCT
ftr-330	937	3	a	a	DET
ftr-330	937	4	portion	portion	NOUN
ftr-330	937	5	of	of	ADP
ftr-330	937	6	the	the	DET
ftr-330	937	7	consolidated	consolidated	ADJ
ftr-330	937	8	nol	nol	NOUN
ftr-330	937	9	could	could	AUX
ftr-330	937	10	be	be	AUX
ftr-330	937	11	carried	carry	VERB
ftr-330	937	12	back	back	ADP
ftr-330	937	13	ten	ten	NUM
ftr-330	937	14	years	year	NOUN
ftr-330	937	15	.	.	PUNCT
ftr-330	938	1	b.	b.	PROPN
ftr-330	938	2	application	application	NOUN
ftr-330	938	3	of	of	ADP
ftr-330	938	4	section	section	NOUN
ftr-330	938	5	382	382	NUM
ftr-330	938	6	to	to	ADP
ftr-330	938	7	consolidated	consolidated	ADJ
ftr-330	938	8	groups	group	NOUN
ftr-330	938	9	the	the	DET
ftr-330	938	10	ability	ability	NOUN
ftr-330	938	11	to	to	PART
ftr-330	938	12	use	use	VERB
ftr-330	938	13	the	the	DET
ftr-330	938	14	target	target	NOUN
ftr-330	938	15	acquired	acquire	VERB
ftr-330	938	16	corporation	corporation	NOUN
ftr-330	938	17	’s	’s	PART
ftr-330	938	18	net	net	ADJ
ftr-330	938	19	operating	operating	NOUN
ftr-330	938	20	loss	loss	NOUN
ftr-330	938	21	carryovers	carryover	NOUN
ftr-330	938	22	following	follow	VERB
ftr-330	938	23	an	an	DET
ftr-330	938	24	acquisition	acquisition	NOUN
ftr-330	938	25	,	,	PUNCT
ftr-330	938	26	whether	whether	SCONJ
ftr-330	938	27	taxable	taxable	ADJ
ftr-330	938	28	or	or	CCONJ
ftr-330	938	29	a	a	DET
ftr-330	938	30	tax	tax	NOUN
ftr-330	938	31	-	-	PUNCT
ftr-330	938	32	free	free	ADJ
ftr-330	938	33	reorganization	reorganization	NOUN
ftr-330	938	34	,	,	PUNCT
ftr-330	938	35	is	be	AUX
ftr-330	938	36	substantially	substantially	ADV
ftr-330	938	37	restricted	restrict	VERB
ftr-330	938	38	by	by	ADP
ftr-330	938	39	section	section	NOUN
ftr-330	938	40	382	382	NUM
ftr-330	938	41	.	.	PUNCT
ftr-330	939	1	section	section	NOUN
ftr-330	939	2	382	382	NUM
ftr-330	939	3	applies	apply	VERB
ftr-330	939	4	whenever	whenever	SCONJ
ftr-330	939	5	there	there	PRON
ftr-330	939	6	is	be	VERB
ftr-330	939	7	a	a	DET
ftr-330	939	8	greater	great	ADJ
ftr-330	939	9	than	than	ADP
ftr-330	939	10	50	50	NUM
ftr-330	939	11	percentage	percentage	NOUN
ftr-330	939	12	point	point	NOUN
ftr-330	939	13	increase	increase	NOUN
ftr-330	939	14	in	in	ADP
ftr-330	939	15	the	the	DET
ftr-330	939	16	ownership	ownership	NOUN
ftr-330	939	17	of	of	ADP
ftr-330	939	18	the	the	DET
ftr-330	939	19	stock	stock	NOUN
ftr-330	939	20	of	of	ADP
ftr-330	939	21	a	a	DET
ftr-330	939	22	corporation	corporation	NOUN
ftr-330	939	23	with	with	ADP
ftr-330	939	24	a	a	DET
ftr-330	939	25	net	net	ADJ
ftr-330	939	26	operating	operating	NOUN
ftr-330	939	27	loss	loss	NOUN
ftr-330	939	28	carryover	carryover	NOUN
ftr-330	939	29	by	by	ADP
ftr-330	939	30	one	one	NUM
ftr-330	939	31	or	or	CCONJ
ftr-330	939	32	more	more	ADJ
ftr-330	939	33	five	five	NUM
ftr-330	939	34	percent	percent	NOUN
ftr-330	939	35	stockholders	stockholder	NOUN
ftr-330	939	36	over	over	ADP
ftr-330	939	37	a	a	DET
ftr-330	939	38	three	three	NUM
ftr-330	939	39	year	year	NOUN
ftr-330	939	40	testing	testing	NOUN
ftr-330	939	41	period	period	NOUN
ftr-330	939	42	.	.	PUNCT
ftr-330	940	1	the	the	DET
ftr-330	940	2	annual	annual	ADJ
ftr-330	940	3	limitation	limitation	NOUN
ftr-330	940	4	on	on	ADP
ftr-330	940	5	post	post	ADJ
ftr-330	940	6	-	-	ADJ
ftr-330	940	7	acquisition	acquisition	ADJ
ftr-330	940	8	income	income	NOUN
ftr-330	940	9	that	that	PRON
ftr-330	940	10	can	can	AUX
ftr-330	940	11	be	be	AUX
ftr-330	940	12	offset	offset	VERB
ftr-330	940	13	by	by	ADP
ftr-330	940	14	net	net	ADJ
ftr-330	940	15	operating	operating	NOUN
ftr-330	940	16	loss	loss	NOUN
ftr-330	940	17	carryovers	carryover	NOUN
ftr-330	940	18	following	follow	VERB
ftr-330	940	19	an	an	DET
ftr-330	940	20	ownership	ownership	NOUN
ftr-330	940	21	change	change	NOUN
ftr-330	940	22	is	be	AUX
ftr-330	940	23	computed	compute	VERB
ftr-330	940	24	by	by	ADP
ftr-330	940	25	multiplying	multiply	VERB
ftr-330	940	26	the	the	DET
ftr-330	940	27	value	value	NOUN
ftr-330	940	28	of	of	ADP
ftr-330	940	29	the	the	DET
ftr-330	940	30	loss	loss	NOUN
ftr-330	940	31	corporation	corporation	NOUN
ftr-330	940	32	by	by	ADP
ftr-330	940	33	the	the	DET
ftr-330	940	34	“	"	PUNCT
ftr-330	940	35	federal	federal	ADJ
ftr-330	940	36	long	long	ADJ
ftr-330	940	37	-	-	PUNCT
ftr-330	940	38	term	term	NOUN
ftr-330	940	39	taxexempt	taxexempt	ADJ
ftr-330	940	40	rate	rate	NOUN
ftr-330	940	41	”	"	PUNCT
ftr-330	940	42	,	,	PUNCT
ftr-330	940	43	a	a	DET
ftr-330	940	44	number	number	NOUN
ftr-330	940	45	that	that	PRON
ftr-330	940	46	is	be	AUX
ftr-330	940	47	published	publish	VERB
ftr-330	940	48	by	by	ADP
ftr-330	940	49	the	the	DET
ftr-330	940	50	irs	irs	PROPN
ftr-330	940	51	monthly	monthly	ADV
ftr-330	940	52	.	.	PUNCT
ftr-330	941	1	the	the	DET
ftr-330	941	2	regulations	regulation	NOUN
ftr-330	941	3	provide	provide	VERB
ftr-330	941	4	detailed	detailed	ADJ
ftr-330	941	5	rules	rule	NOUN
ftr-330	941	6	applying	apply	VERB
ftr-330	941	7	the	the	DET
ftr-330	941	8	section	section	NOUN
ftr-330	941	9	382	382	NUM
ftr-330	941	10	limitation	limitation	NOUN
ftr-330	941	11	in	in	ADP
ftr-330	941	12	the	the	DET
ftr-330	941	13	consolidated	consolidated	ADJ
ftr-330	941	14	return	return	NOUN
ftr-330	941	15	context.186	context.186	VERB
ftr-330	941	16	the	the	DET
ftr-330	941	17	regulations	regulation	NOUN
ftr-330	941	18	generally	generally	ADV
ftr-330	941	19	treat	treat	VERB
ftr-330	941	20	the	the	DET
ftr-330	941	21	members	member	NOUN
ftr-330	941	22	of	of	ADP
ftr-330	941	23	a	a	DET
ftr-330	941	24	consolidated	consolidated	ADJ
ftr-330	941	25	group	group	NOUN
ftr-330	941	26	as	as	ADP
ftr-330	941	27	a	a	DET
ftr-330	941	28	single	single	ADJ
ftr-330	941	29	entity	entity	NOUN
ftr-330	941	30	for	for	ADP
ftr-330	941	31	purposes	purpose	NOUN
ftr-330	941	32	of	of	ADP
ftr-330	941	33	determining	determine	VERB
ftr-330	941	34	whether	whether	SCONJ
ftr-330	941	35	an	an	DET
ftr-330	941	36	ownership	ownership	NOUN
ftr-330	941	37	change	change	NOUN
ftr-330	941	38	has	have	AUX
ftr-330	941	39	occurred	occur	VERB
ftr-330	941	40	with	with	ADP
ftr-330	941	41	respect	respect	NOUN
ftr-330	941	42	to	to	ADP
ftr-330	941	43	a	a	DET
ftr-330	941	44	loss	loss	NOUN
ftr-330	941	45	corporation	corporation	NOUN
ftr-330	941	46	and	and	CCONJ
ftr-330	941	47	ascertaining	ascertain	VERB
ftr-330	941	48	the	the	DET
ftr-330	941	49	value	value	NOUN
ftr-330	941	50	of	of	ADP
ftr-330	941	51	the	the	DET
ftr-330	941	52	loss	loss	NOUN
ftr-330	941	53	corporation	corporation	NOUN
ftr-330	941	54	stock	stock	NOUN
ftr-330	941	55	.	.	PUNCT
ftr-330	942	1	before	before	ADP
ftr-330	942	2	an	an	DET
ftr-330	942	3	ownership	ownership	NOUN
ftr-330	942	4	change	change	NOUN
ftr-330	942	5	,	,	PUNCT
ftr-330	942	6	a	a	DET
ftr-330	942	7	consolidated	consolidated	ADJ
ftr-330	942	8	group	group	NOUN
ftr-330	942	9	of	of	ADP
ftr-330	942	10	corporations	corporation	NOUN
ftr-330	942	11	is	be	AUX
ftr-330	942	12	able	able	ADJ
ftr-330	942	13	to	to	PART
ftr-330	942	14	absorb	absorb	VERB
ftr-330	942	15	net	net	ADJ
ftr-330	942	16	operating	operating	NOUN
ftr-330	942	17	losses	loss	NOUN
ftr-330	942	18	of	of	ADP
ftr-330	942	19	some	some	DET
ftr-330	942	20	members	member	NOUN
ftr-330	942	21	against	against	ADP
ftr-330	942	22	the	the	DET
ftr-330	942	23	income	income	NOUN
ftr-330	942	24	of	of	ADP
ftr-330	942	25	other	other	ADJ
ftr-330	942	26	members	member	NOUN
ftr-330	942	27	as	as	ADP
ftr-330	942	28	a	a	DET
ftr-330	942	29	single	single	ADJ
ftr-330	942	30	entity	entity	NOUN
ftr-330	942	31	.	.	PUNCT
ftr-330	943	1	following	follow	VERB
ftr-330	943	2	an	an	DET
ftr-330	943	3	ownership	ownership	NOUN
ftr-330	943	4	change	change	NOUN
ftr-330	943	5	,	,	PUNCT
ftr-330	943	6	the	the	DET
ftr-330	943	7	consolidated	consolidated	ADJ
ftr-330	943	8	taxable	taxable	ADJ
ftr-330	943	9	income	income	NOUN
ftr-330	943	10	of	of	ADP
ftr-330	943	11	a	a	DET
ftr-330	943	12	group	group	NOUN
ftr-330	943	13	that	that	PRON
ftr-330	943	14	may	may	AUX
ftr-330	943	15	be	be	AUX
ftr-330	943	16	offset	offset	VERB
ftr-330	943	17	by	by	ADP
ftr-330	943	18	pre	pre	ADJ
ftr-330	943	19	-	-	ADJ
ftr-330	943	20	ownership	ownership	ADJ
ftr-330	943	21	change	change	NOUN
ftr-330	943	22	losses	loss	NOUN
ftr-330	943	23	and	and	CCONJ
ftr-330	943	24	built	build	VERB
ftr-330	943	25	-	-	PUNCT
ftr-330	943	26	in	in	ADP
ftr-330	943	27	losses	loss	NOUN
ftr-330	943	28	of	of	ADP
ftr-330	943	29	the	the	DET
ftr-330	943	30	group	group	NOUN
ftr-330	943	31	is	be	AUX
ftr-330	943	32	limited	limit	VERB
ftr-330	943	33	by	by	ADP
ftr-330	943	34	the	the	DET
ftr-330	943	35	section	section	NOUN
ftr-330	943	36	382	382	NUM
ftr-330	943	37	consolidated	consolidated	ADJ
ftr-330	943	38	limitation	limitation	NOUN
ftr-330	943	39	applied	apply	VERB
ftr-330	943	40	to	to	ADP
ftr-330	943	41	the	the	DET
ftr-330	943	42	group	group	NOUN
ftr-330	943	43	as	as	ADP
ftr-330	943	44	a	a	DET
ftr-330	943	45	whole.187	whole.187	ADJ
ftr-330	943	46	a	a	DET
ftr-330	943	47	consolidated	consolidated	ADJ
ftr-330	943	48	loss	loss	NOUN
ftr-330	943	49	group	group	NOUN
ftr-330	943	50	has	have	VERB
ftr-330	943	51	an	an	DET
ftr-330	943	52	ownership	ownership	NOUN
ftr-330	943	53	change	change	NOUN
ftr-330	943	54	for	for	ADP
ftr-330	943	55	purposes	purpose	NOUN
ftr-330	943	56	of	of	ADP
ftr-330	943	57	section	section	NOUN
ftr-330	943	58	382188	382188	NUM
ftr-330	943	59	if	if	SCONJ
ftr-330	943	60	there	there	PRON
ftr-330	943	61	has	have	AUX
ftr-330	943	62	been	be	AUX
ftr-330	943	63	an	an	DET
ftr-330	943	64	185	185	NUM
ftr-330	943	65	.	.	PUNCT
ftr-330	944	1	i.r.c	i.r.c	NOUN
ftr-330	944	2	.	.	PUNCT
ftr-330	945	1	§	§	PROPN
ftr-330	945	2	172(j)(1	172(j)(1	NUM
ftr-330	945	3	)	)	PUNCT
ftr-330	945	4	.	.	PUNCT
ftr-330	946	1	186	186	NUM
ftr-330	946	2	.	.	PUNCT
ftr-330	946	3	regs	regs	PROPN
ftr-330	946	4	.	.	PUNCT
ftr-330	947	1	§	§	PROPN
ftr-330	947	2	§	§	PROPN
ftr-330	947	3	1.1502–90	1.1502–90	NUM
ftr-330	947	4	through	through	ADP
ftr-330	947	5	1.1502–99	1.1502–99	NUM
ftr-330	947	6	.	.	PROPN
ftr-330	947	7	187	187	NUM
ftr-330	947	8	.	.	PUNCT
ftr-330	948	1	reg	reg	NOUN
ftr-330	948	2	.	.	PUNCT
ftr-330	949	1	§	§	PROPN
ftr-330	949	2	1.1502–91(a)(1	1.1502–91(a)(1	NUM
ftr-330	949	3	)	)	PUNCT
ftr-330	949	4	.	.	PUNCT
ftr-330	950	1	188	188	NUM
ftr-330	950	2	.	.	PUNCT
ftr-330	950	3	temp	temp	NOUN
ftr-330	950	4	.	.	PUNCT
ftr-330	951	1	reg	reg	NOUN
ftr-330	951	2	.	.	PUNCT
ftr-330	952	1	§	§	NOUN
ftr-330	952	2	1.382–2	1.382–2	NUM
ftr-330	952	3	t.	t.	NOUN
ftr-330	952	4	2012	2012	NUM
ftr-330	952	5	]	]	PUNCT
ftr-330	952	6	understanding	understand	VERB
ftr-330	952	7	consolidated	consolidated	ADJ
ftr-330	952	8	returns	return	NOUN
ftr-330	952	9	171	171	NUM
ftr-330	952	10	ownership	ownership	NOUN
ftr-330	952	11	change	change	NOUN
ftr-330	952	12	of	of	ADP
ftr-330	952	13	the	the	DET
ftr-330	952	14	common	common	ADJ
ftr-330	952	15	parent.189	parent.189	NOUN
ftr-330	952	16	in	in	ADP
ftr-330	952	17	determining	determine	VERB
ftr-330	952	18	whether	whether	SCONJ
ftr-330	952	19	an	an	DET
ftr-330	952	20	ownership	ownership	NOUN
ftr-330	952	21	change	change	NOUN
ftr-330	952	22	has	have	AUX
ftr-330	952	23	occurred	occur	VERB
ftr-330	952	24	,	,	PUNCT
ftr-330	952	25	losses	loss	NOUN
ftr-330	952	26	of	of	ADP
ftr-330	952	27	the	the	DET
ftr-330	952	28	group	group	NOUN
ftr-330	952	29	are	be	AUX
ftr-330	952	30	treated	treat	VERB
ftr-330	952	31	as	as	ADP
ftr-330	952	32	the	the	DET
ftr-330	952	33	losses	loss	NOUN
ftr-330	952	34	of	of	ADP
ftr-330	952	35	the	the	DET
ftr-330	952	36	common	common	ADJ
ftr-330	952	37	parent	parent	NOUN
ftr-330	952	38	,	,	PUNCT
ftr-330	952	39	and	and	CCONJ
ftr-330	952	40	the	the	DET
ftr-330	952	41	testing	testing	NOUN
ftr-330	952	42	period	period	NOUN
ftr-330	952	43	is	be	AUX
ftr-330	952	44	measured	measure	VERB
ftr-330	952	45	by	by	ADP
ftr-330	952	46	losses	loss	NOUN
ftr-330	952	47	of	of	ADP
ftr-330	952	48	members	member	NOUN
ftr-330	952	49	of	of	ADP
ftr-330	952	50	the	the	DET
ftr-330	952	51	loss	loss	NOUN
ftr-330	952	52	group.190	group.190	VERB
ftr-330	952	53	the	the	DET
ftr-330	952	54	regulations	regulation	NOUN
ftr-330	952	55	provide	provide	VERB
ftr-330	952	56	for	for	ADP
ftr-330	952	57	the	the	DET
ftr-330	952	58	identification	identification	NOUN
ftr-330	952	59	of	of	ADP
ftr-330	952	60	loss	loss	NOUN
ftr-330	952	61	subgroups	subgroup	NOUN
ftr-330	952	62	within	within	ADP
ftr-330	952	63	a	a	DET
ftr-330	952	64	consolidated	consolidated	ADJ
ftr-330	952	65	group	group	NOUN
ftr-330	952	66	for	for	ADP
ftr-330	952	67	the	the	DET
ftr-330	952	68	purpose	purpose	NOUN
ftr-330	952	69	of	of	ADP
ftr-330	952	70	applying	apply	VERB
ftr-330	952	71	the	the	DET
ftr-330	952	72	section	section	NOUN
ftr-330	952	73	382	382	NUM
ftr-330	952	74	limitation	limitation	NOUN
ftr-330	952	75	on	on	ADP
ftr-330	952	76	the	the	DET
ftr-330	952	77	basis	basis	NOUN
ftr-330	952	78	of	of	ADP
ftr-330	952	79	a	a	DET
ftr-330	952	80	loss	loss	NOUN
ftr-330	952	81	subgroup.191	subgroup.191	NOUN
ftr-330	952	82	there	there	PRON
ftr-330	952	83	is	be	VERB
ftr-330	952	84	an	an	DET
ftr-330	952	85	ownership	ownership	NOUN
ftr-330	952	86	change	change	NOUN
ftr-330	952	87	with	with	ADP
ftr-330	952	88	respect	respect	NOUN
ftr-330	952	89	to	to	ADP
ftr-330	952	90	a	a	DET
ftr-330	952	91	loss	loss	NOUN
ftr-330	952	92	subgroup	subgroup	NOUN
ftr-330	952	93	if	if	SCONJ
ftr-330	952	94	there	there	PRON
ftr-330	952	95	is	be	VERB
ftr-330	952	96	an	an	DET
ftr-330	952	97	ownership	ownership	NOUN
ftr-330	952	98	change	change	NOUN
ftr-330	952	99	of	of	ADP
ftr-330	952	100	the	the	DET
ftr-330	952	101	common	common	ADJ
ftr-330	952	102	parent	parent	NOUN
ftr-330	952	103	of	of	ADP
ftr-330	952	104	the	the	DET
ftr-330	952	105	loss	loss	NOUN
ftr-330	952	106	subgroup.192	subgroup.192	NOUN
ftr-330	952	107	the	the	DET
ftr-330	952	108	regulations	regulation	NOUN
ftr-330	952	109	also	also	ADV
ftr-330	952	110	treat	treat	VERB
ftr-330	952	111	brothersister	brothersister	NOUN
ftr-330	952	112	corporations	corporation	NOUN
ftr-330	952	113	as	as	ADP
ftr-330	952	114	a	a	DET
ftr-330	952	115	loss	loss	NOUN
ftr-330	952	116	subgroup	subgroup	NOUN
ftr-330	952	117	if	if	SCONJ
ftr-330	952	118	two	two	NUM
ftr-330	952	119	or	or	CCONJ
ftr-330	952	120	more	more	ADJ
ftr-330	952	121	corporations	corporation	NOUN
ftr-330	952	122	that	that	PRON
ftr-330	952	123	become	become	VERB
ftr-330	952	124	members	member	NOUN
ftr-330	952	125	of	of	ADP
ftr-330	952	126	a	a	DET
ftr-330	952	127	consolidated	consolidated	ADJ
ftr-330	952	128	group	group	NOUN
ftr-330	952	129	at	at	ADP
ftr-330	952	130	the	the	DET
ftr-330	952	131	same	same	ADJ
ftr-330	952	132	time	time	NOUN
ftr-330	952	133	were	be	AUX
ftr-330	952	134	affiliated	affiliate	VERB
ftr-330	952	135	with	with	ADP
ftr-330	952	136	each	each	DET
ftr-330	952	137	other	other	ADJ
ftr-330	952	138	immediately	immediately	ADV
ftr-330	952	139	before	before	ADP
ftr-330	952	140	becoming	become	VERB
ftr-330	952	141	members	member	NOUN
ftr-330	952	142	of	of	ADP
ftr-330	952	143	the	the	DET
ftr-330	952	144	new	new	ADJ
ftr-330	952	145	group	group	NOUN
ftr-330	952	146	and	and	CCONJ
ftr-330	952	147	the	the	DET
ftr-330	952	148	common	common	ADJ
ftr-330	952	149	parent	parent	NOUN
ftr-330	952	150	of	of	ADP
ftr-330	952	151	the	the	DET
ftr-330	952	152	acquiring	acquire	VERB
ftr-330	952	153	group	group	NOUN
ftr-330	952	154	elects	elect	NOUN
ftr-330	952	155	to	to	PART
ftr-330	952	156	treat	treat	VERB
ftr-330	952	157	the	the	DET
ftr-330	952	158	new	new	ADJ
ftr-330	952	159	members	member	NOUN
ftr-330	952	160	as	as	ADP
ftr-330	952	161	a	a	DET
ftr-330	952	162	loss	loss	NOUN
ftr-330	952	163	subgroup.193	subgroup.193	NUM
ftr-330	952	164	the	the	DET
ftr-330	952	165	section	section	NOUN
ftr-330	952	166	382	382	NUM
ftr-330	952	167	limitation	limitation	NOUN
ftr-330	952	168	,	,	PUNCT
ftr-330	952	169	which	which	PRON
ftr-330	952	170	under	under	ADP
ftr-330	952	171	section	section	NOUN
ftr-330	952	172	382(b)(1	382(b)(1	NUM
ftr-330	952	173	)	)	PUNCT
ftr-330	952	174	is	be	AUX
ftr-330	952	175	based	base	VERB
ftr-330	952	176	on	on	ADP
ftr-330	952	177	the	the	DET
ftr-330	952	178	value	value	NOUN
ftr-330	952	179	of	of	ADP
ftr-330	952	180	the	the	DET
ftr-330	952	181	stock	stock	NOUN
ftr-330	952	182	of	of	ADP
ftr-330	952	183	the	the	DET
ftr-330	952	184	loss	loss	NOUN
ftr-330	952	185	corporation	corporation	NOUN
ftr-330	952	186	multiplied	multiply	VERB
ftr-330	952	187	by	by	ADP
ftr-330	952	188	the	the	DET
ftr-330	952	189	applicable	applicable	ADJ
ftr-330	952	190	long	long	ADJ
ftr-330	952	191	-	-	PUNCT
ftr-330	952	192	term	term	NOUN
ftr-330	952	193	tax	tax	NOUN
ftr-330	952	194	-	-	PUNCT
ftr-330	952	195	exempt	exempt	ADJ
ftr-330	952	196	rate	rate	NOUN
ftr-330	952	197	,	,	PUNCT
ftr-330	952	198	is	be	AUX
ftr-330	952	199	determined	determine	VERB
ftr-330	952	200	from	from	ADP
ftr-330	952	201	the	the	DET
ftr-330	952	202	value	value	NOUN
ftr-330	952	203	of	of	ADP
ftr-330	952	204	the	the	DET
ftr-330	952	205	stock	stock	NOUN
ftr-330	952	206	of	of	ADP
ftr-330	952	207	the	the	DET
ftr-330	952	208	consolidated	consolidated	ADJ
ftr-330	952	209	loss	loss	NOUN
ftr-330	952	210	group	group	NOUN
ftr-330	952	211	or	or	CCONJ
ftr-330	952	212	subgroup	subgroup	NOUN
ftr-330	952	213	as	as	ADP
ftr-330	952	214	a	a	DET
ftr-330	952	215	single	single	ADJ
ftr-330	952	216	entity.194	entity.194	NOUN
ftr-330	952	217	the	the	DET
ftr-330	952	218	value	value	NOUN
ftr-330	952	219	of	of	ADP
ftr-330	952	220	the	the	DET
ftr-330	952	221	consolidated	consolidated	ADJ
ftr-330	952	222	loss	loss	NOUN
ftr-330	952	223	group	group	NOUN
ftr-330	952	224	immediately	immediately	ADV
ftr-330	952	225	before	before	SCONJ
ftr-330	952	226	an	an	DET
ftr-330	952	227	ownership	ownership	NOUN
ftr-330	952	228	change	change	NOUN
ftr-330	952	229	is	be	AUX
ftr-330	952	230	the	the	DET
ftr-330	952	231	value	value	NOUN
ftr-330	952	232	of	of	ADP
ftr-330	952	233	the	the	DET
ftr-330	952	234	stock	stock	NOUN
ftr-330	952	235	of	of	ADP
ftr-330	952	236	each	each	DET
ftr-330	952	237	member	member	NOUN
ftr-330	952	238	of	of	ADP
ftr-330	952	239	the	the	DET
ftr-330	952	240	group	group	NOUN
ftr-330	952	241	,	,	PUNCT
ftr-330	952	242	other	other	ADJ
ftr-330	952	243	than	than	ADP
ftr-330	952	244	the	the	DET
ftr-330	952	245	value	value	NOUN
ftr-330	952	246	of	of	ADP
ftr-330	952	247	stock	stock	NOUN
ftr-330	952	248	of	of	ADP
ftr-330	952	249	a	a	DET
ftr-330	952	250	member	member	NOUN
ftr-330	952	251	of	of	ADP
ftr-330	952	252	the	the	DET
ftr-330	952	253	group	group	NOUN
ftr-330	952	254	that	that	PRON
ftr-330	952	255	is	be	AUX
ftr-330	952	256	held	hold	VERB
ftr-330	952	257	directly	directly	ADV
ftr-330	952	258	or	or	CCONJ
ftr-330	952	259	indirectly	indirectly	ADV
ftr-330	952	260	by	by	ADP
ftr-330	952	261	another	another	DET
ftr-330	952	262	member	member	NOUN
ftr-330	952	263	of	of	ADP
ftr-330	952	264	the	the	DET
ftr-330	952	265	group.195	group.195	NOUN
ftr-330	952	266	in	in	ADP
ftr-330	952	267	some	some	DET
ftr-330	952	268	circumstances	circumstance	NOUN
ftr-330	952	269	,	,	PUNCT
ftr-330	952	270	a	a	DET
ftr-330	952	271	subsidiary	subsidiary	NOUN
ftr-330	952	272	will	will	AUX
ftr-330	952	273	be	be	AUX
ftr-330	952	274	required	require	VERB
ftr-330	952	275	to	to	PART
ftr-330	952	276	recognize	recognize	VERB
ftr-330	952	277	an	an	DET
ftr-330	952	278	ownership	ownership	NOUN
ftr-330	952	279	change	change	NOUN
ftr-330	952	280	on	on	ADP
ftr-330	952	281	a	a	DET
ftr-330	952	282	separate	separate	ADJ
ftr-330	952	283	corporation	corporation	NOUN
ftr-330	952	284	basis	basis	NOUN
ftr-330	952	285	with	with	ADP
ftr-330	952	286	respect	respect	NOUN
ftr-330	952	287	to	to	ADP
ftr-330	952	288	its	its	PRON
ftr-330	952	289	portion	portion	NOUN
ftr-330	952	290	of	of	ADP
ftr-330	952	291	the	the	DET
ftr-330	952	292	consolidated	consolidated	ADJ
ftr-330	952	293	return	return	NOUN
ftr-330	952	294	net	net	ADJ
ftr-330	952	295	operating	operating	NOUN
ftr-330	952	296	loss	loss	NOUN
ftr-330	952	297	of	of	ADP
ftr-330	952	298	the	the	PRON
ftr-330	952	299	group.196	group.196	ADJ
ftr-330	952	300	a	a	DET
ftr-330	952	301	separate	separate	ADJ
ftr-330	952	302	set	set	NOUN
ftr-330	952	303	of	of	ADP
ftr-330	952	304	rules	rule	NOUN
ftr-330	952	305	apply	apply	VERB
ftr-330	952	306	section	section	NOUN
ftr-330	952	307	382	382	NUM
ftr-330	952	308	to	to	ADP
ftr-330	952	309	carryover	carryover	NOUN
ftr-330	952	310	losses	loss	NOUN
ftr-330	952	311	of	of	ADP
ftr-330	952	312	a	a	DET
ftr-330	952	313	new	new	ADJ
ftr-330	952	314	member	member	NOUN
ftr-330	952	315	of	of	ADP
ftr-330	952	316	a	a	DET
ftr-330	952	317	consolidated	consolidated	ADJ
ftr-330	952	318	group	group	NOUN
ftr-330	952	319	that	that	PRON
ftr-330	952	320	were	be	AUX
ftr-330	952	321	incurred	incur	VERB
ftr-330	952	322	by	by	ADP
ftr-330	952	323	the	the	DET
ftr-330	952	324	new	new	ADJ
ftr-330	952	325	member	member	NOUN
ftr-330	952	326	in	in	ADP
ftr-330	952	327	a	a	DET
ftr-330	952	328	separate	separate	ADJ
ftr-330	952	329	return	return	NOUN
ftr-330	952	330	limitation	limitation	NOUN
ftr-330	952	331	year	year	NOUN
ftr-330	952	332	with	with	ADP
ftr-330	952	333	respect	respect	NOUN
ftr-330	952	334	to	to	ADP
ftr-330	952	335	the	the	DET
ftr-330	952	336	current	current	ADJ
ftr-330	952	337	consolidated	consolidated	ADJ
ftr-330	952	338	group.197	group.197	PROPN
ftr-330	952	339	in	in	ADP
ftr-330	952	340	general	general	ADJ
ftr-330	952	341	,	,	PUNCT
ftr-330	952	342	a	a	DET
ftr-330	952	343	new	new	ADJ
ftr-330	952	344	loss	loss	NOUN
ftr-330	952	345	member	member	NOUN
ftr-330	952	346	of	of	ADP
ftr-330	952	347	a	a	DET
ftr-330	952	348	consolidated	consolidated	ADJ
ftr-330	952	349	group	group	NOUN
ftr-330	952	350	is	be	AUX
ftr-330	952	351	treated	treat	VERB
ftr-330	952	352	as	as	ADP
ftr-330	952	353	a	a	DET
ftr-330	952	354	separate	separate	ADJ
ftr-330	952	355	entity	entity	NOUN
ftr-330	952	356	for	for	ADP
ftr-330	952	357	purposes	purpose	NOUN
ftr-330	952	358	of	of	ADP
ftr-330	952	359	applying	apply	VERB
ftr-330	952	360	the	the	DET
ftr-330	952	361	section	section	NOUN
ftr-330	952	362	382	382	NUM
ftr-330	952	363	limitation	limitation	NOUN
ftr-330	952	364	.	.	PUNCT
ftr-330	953	1	thus	thus	ADV
ftr-330	953	2	,	,	PUNCT
ftr-330	953	3	the	the	DET
ftr-330	953	4	amount	amount	NOUN
ftr-330	953	5	of	of	ADP
ftr-330	953	6	consolidated	consolidated	ADJ
ftr-330	953	7	taxable	taxable	ADJ
ftr-330	953	8	income	income	NOUN
ftr-330	953	9	of	of	ADP
ftr-330	953	10	the	the	DET
ftr-330	953	11	group	group	NOUN
ftr-330	953	12	that	that	PRON
ftr-330	953	13	may	may	AUX
ftr-330	953	14	be	be	AUX
ftr-330	953	15	offset	offset	VERB
ftr-330	953	16	with	with	ADP
ftr-330	953	17	losses	loss	NOUN
ftr-330	953	18	of	of	ADP
ftr-330	953	19	the	the	DET
ftr-330	953	20	new	new	ADJ
ftr-330	953	21	member	member	NOUN
ftr-330	953	22	is	be	AUX
ftr-330	953	23	limited	limit	VERB
ftr-330	953	24	by	by	ADP
ftr-330	953	25	a	a	DET
ftr-330	953	26	section	section	NOUN
ftr-330	953	27	382	382	NUM
ftr-330	953	28	limitation	limitation	NOUN
ftr-330	953	29	that	that	PRON
ftr-330	953	30	is	be	AUX
ftr-330	953	31	computed	compute	VERB
ftr-330	953	32	with	with	ADP
ftr-330	953	33	respect	respect	NOUN
ftr-330	953	34	to	to	ADP
ftr-330	953	35	the	the	DET
ftr-330	953	36	value	value	NOUN
ftr-330	953	37	of	of	ADP
ftr-330	953	38	the	the	DET
ftr-330	953	39	new	new	ADJ
ftr-330	953	40	member	member	NOUN
ftr-330	953	41	corporation	corporation	NOUN
ftr-330	953	42	’s	’s	PART
ftr-330	953	43	stock	stock	NOUN
ftr-330	953	44	at	at	ADP
ftr-330	953	45	189	189	NUM
ftr-330	953	46	.	.	PUNCT
ftr-330	954	1	reg	reg	PROPN
ftr-330	954	2	.	.	PUNCT
ftr-330	955	1	§	§	PROPN
ftr-330	955	2	1.1502–92(b)(1	1.1502–92(b)(1	NUM
ftr-330	955	3	)	)	PUNCT
ftr-330	955	4	.	.	PUNCT
ftr-330	956	1	190	190	NUM
ftr-330	956	2	.	.	PUNCT
ftr-330	957	1	reg	reg	NOUN
ftr-330	957	2	.	.	PUNCT
ftr-330	958	1	§	§	PROPN
ftr-330	958	2	1.1502–92(b)(1)(ii)(a	1.1502–92(b)(1)(ii)(a	NUM
ftr-330	958	3	)	)	PUNCT
ftr-330	958	4	and	and	CCONJ
ftr-330	958	5	(	(	PUNCT
ftr-330	958	6	b	b	NOUN
ftr-330	958	7	)	)	PUNCT
ftr-330	958	8	.	.	PUNCT
ftr-330	959	1	191	191	NUM
ftr-330	959	2	.	.	X
ftr-330	960	1	reg	reg	NOUN
ftr-330	960	2	.	.	PUNCT
ftr-330	961	1	§	§	PROPN
ftr-330	961	2	1.1502–91(d	1.1502–91(d	NUM
ftr-330	961	3	)	)	PUNCT
ftr-330	961	4	.	.	PUNCT
ftr-330	962	1	192	192	NUM
ftr-330	962	2	.	.	PUNCT
ftr-330	963	1	reg	reg	NOUN
ftr-330	963	2	.	.	PUNCT
ftr-330	964	1	§	§	PROPN
ftr-330	964	2	1.1502–92(b)(1)(ii	1.1502–92(b)(1)(ii	NUM
ftr-330	964	3	)	)	PUNCT
ftr-330	964	4	.	.	PUNCT
ftr-330	965	1	193	193	NUM
ftr-330	965	2	.	.	PUNCT
ftr-330	966	1	reg	reg	NOUN
ftr-330	966	2	.	.	PUNCT
ftr-330	967	1	§	§	PROPN
ftr-330	967	2	1.1502–91(d)(4	1.1502–91(d)(4	NUM
ftr-330	967	3	)	)	PUNCT
ftr-330	967	4	.	.	PUNCT
ftr-330	968	1	194	194	NUM
ftr-330	968	2	.	.	PUNCT
ftr-330	969	1	reg	reg	NOUN
ftr-330	969	2	.	.	PUNCT
ftr-330	970	1	§	§	PROPN
ftr-330	970	2	1.1502–93(a	1.1502–93(a	NUM
ftr-330	970	3	)	)	PUNCT
ftr-330	970	4	.	.	PUNCT
ftr-330	971	1	195	195	NUM
ftr-330	971	2	.	.	PUNCT
ftr-330	971	3	reg	reg	NOUN
ftr-330	971	4	.	.	PUNCT
ftr-330	972	1	§	§	PROPN
ftr-330	972	2	1.1502–93(b)(1	1.1502–93(b)(1	NUM
ftr-330	972	3	)	)	PUNCT
ftr-330	972	4	.	.	PUNCT
ftr-330	973	1	196	196	NUM
ftr-330	973	2	.	.	PUNCT
ftr-330	974	1	reg	reg	NOUN
ftr-330	974	2	.	.	PUNCT
ftr-330	975	1	§	§	PROPN
ftr-330	975	2	1.1502–96(b)(1	1.1502–96(b)(1	NUM
ftr-330	975	3	)	)	PUNCT
ftr-330	975	4	and	and	CCONJ
ftr-330	975	5	(	(	PUNCT
ftr-330	975	6	2	2	NUM
ftr-330	975	7	)	)	PUNCT
ftr-330	975	8	.	.	PUNCT
ftr-330	976	1	197	197	NUM
ftr-330	976	2	.	.	PUNCT
ftr-330	976	3	reg	reg	NOUN
ftr-330	976	4	.	.	PUNCT
ftr-330	977	1	§	§	PROPN
ftr-330	977	2	1.1502–94	1.1502–94	NUM
ftr-330	977	3	.	.	PUNCT
ftr-330	977	4	172	172	NUM
ftr-330	977	5	florida	florida	PROPN
ftr-330	977	6	tax	tax	NOUN
ftr-330	977	7	review	review	NOUN
ftr-330	977	8	[	[	X
ftr-330	977	9	vol	vol	NOUN
ftr-330	977	10	.	.	PUNCT
ftr-330	977	11	12:3	12:3	NUM
ftr-330	977	12	the	the	DET
ftr-330	977	13	time	time	NOUN
ftr-330	977	14	of	of	ADP
ftr-330	977	15	its	its	PRON
ftr-330	977	16	ownership	ownership	NOUN
ftr-330	977	17	change.198	change.198	NOUN
ftr-330	977	18	if	if	SCONJ
ftr-330	977	19	the	the	DET
ftr-330	977	20	section	section	NOUN
ftr-330	977	21	382	382	NUM
ftr-330	977	22	limitation	limitation	NOUN
ftr-330	977	23	does	do	AUX
ftr-330	977	24	not	not	PART
ftr-330	977	25	apply	apply	VERB
ftr-330	977	26	,	,	PUNCT
ftr-330	977	27	under	under	ADP
ftr-330	977	28	the	the	DET
ftr-330	977	29	srly	srly	ADJ
ftr-330	977	30	limitation	limitation	NOUN
ftr-330	977	31	,	,	PUNCT
ftr-330	977	32	the	the	DET
ftr-330	977	33	amount	amount	NOUN
ftr-330	977	34	of	of	ADP
ftr-330	977	35	the	the	DET
ftr-330	977	36	new	new	ADJ
ftr-330	977	37	member	member	NOUN
ftr-330	977	38	’s	’s	PART
ftr-330	977	39	losses	loss	NOUN
ftr-330	977	40	that	that	PRON
ftr-330	977	41	may	may	AUX
ftr-330	977	42	be	be	AUX
ftr-330	977	43	absorbed	absorb	VERB
ftr-330	977	44	by	by	ADP
ftr-330	977	45	the	the	DET
ftr-330	977	46	consolidated	consolidated	ADJ
ftr-330	977	47	group	group	NOUN
ftr-330	977	48	is	be	AUX
ftr-330	977	49	also	also	ADV
ftr-330	977	50	limited	limit	VERB
ftr-330	977	51	to	to	ADP
ftr-330	977	52	the	the	DET
ftr-330	977	53	new	new	ADJ
ftr-330	977	54	member	member	NOUN
ftr-330	977	55	’s	’s	PART
ftr-330	977	56	aggregate	aggregate	ADJ
ftr-330	977	57	contribution	contribution	NOUN
ftr-330	977	58	to	to	ADP
ftr-330	977	59	the	the	DET
ftr-330	977	60	consolidated	consolidated	ADJ
ftr-330	977	61	taxable	taxable	ADJ
ftr-330	977	62	income	income	NOUN
ftr-330	977	63	of	of	ADP
ftr-330	977	64	the	the	DET
ftr-330	977	65	group.199	group.199	NOUN
ftr-330	977	66	as	as	SCONJ
ftr-330	977	67	explained	explain	VERB
ftr-330	977	68	previously	previously	ADV
ftr-330	977	69	,	,	PUNCT
ftr-330	977	70	a	a	DET
ftr-330	977	71	consolidated	consolidated	ADJ
ftr-330	977	72	loss	loss	NOUN
ftr-330	977	73	group	group	NOUN
ftr-330	977	74	subject	subject	NOUN
ftr-330	977	75	to	to	ADP
ftr-330	977	76	the	the	DET
ftr-330	977	77	section	section	NOUN
ftr-330	977	78	382	382	NUM
ftr-330	977	79	limitation	limitation	NOUN
ftr-330	977	80	is	be	AUX
ftr-330	977	81	treated	treat	VERB
ftr-330	977	82	as	as	ADP
ftr-330	977	83	a	a	DET
ftr-330	977	84	single	single	ADJ
ftr-330	977	85	entity	entity	NOUN
ftr-330	977	86	subject	subject	NOUN
ftr-330	977	87	to	to	ADP
ftr-330	977	88	the	the	DET
ftr-330	977	89	limitation	limitation	NOUN
ftr-330	977	90	on	on	ADP
ftr-330	977	91	the	the	DET
ftr-330	977	92	basis	basis	NOUN
ftr-330	977	93	of	of	ADP
ftr-330	977	94	the	the	DET
ftr-330	977	95	stock	stock	NOUN
ftr-330	977	96	value	value	NOUN
ftr-330	977	97	of	of	ADP
ftr-330	977	98	the	the	DET
ftr-330	977	99	entire	entire	ADJ
ftr-330	977	100	group	group	NOUN
ftr-330	977	101	.	.	PUNCT
ftr-330	978	1	if	if	SCONJ
ftr-330	978	2	a	a	DET
ftr-330	978	3	loss	loss	NOUN
ftr-330	978	4	corporation	corporation	NOUN
ftr-330	978	5	leaves	leave	VERB
ftr-330	978	6	a	a	DET
ftr-330	978	7	consolidated	consolidated	ADJ
ftr-330	978	8	loss	loss	NOUN
ftr-330	978	9	group	group	NOUN
ftr-330	978	10	or	or	CCONJ
ftr-330	978	11	subgroup	subgroup	NOUN
ftr-330	978	12	that	that	PRON
ftr-330	978	13	has	have	AUX
ftr-330	978	14	had	have	VERB
ftr-330	978	15	an	an	DET
ftr-330	978	16	ownership	ownership	NOUN
ftr-330	978	17	change	change	NOUN
ftr-330	978	18	while	while	SCONJ
ftr-330	978	19	the	the	DET
ftr-330	978	20	departing	depart	VERB
ftr-330	978	21	corporation	corporation	NOUN
ftr-330	978	22	was	be	AUX
ftr-330	978	23	a	a	DET
ftr-330	978	24	member	member	NOUN
ftr-330	978	25	of	of	ADP
ftr-330	978	26	the	the	DET
ftr-330	978	27	group	group	NOUN
ftr-330	978	28	,	,	PUNCT
ftr-330	978	29	a	a	DET
ftr-330	978	30	portion	portion	NOUN
ftr-330	978	31	of	of	ADP
ftr-330	978	32	the	the	DET
ftr-330	978	33	consolidated	consolidated	ADJ
ftr-330	978	34	net	net	ADJ
ftr-330	978	35	operating	operating	NOUN
ftr-330	978	36	loss	loss	NOUN
ftr-330	978	37	carryover	carryover	NOUN
ftr-330	978	38	is	be	AUX
ftr-330	978	39	apportioned	apportion	VERB
ftr-330	978	40	to	to	ADP
ftr-330	978	41	the	the	DET
ftr-330	978	42	departing	depart	VERB
ftr-330	978	43	loss	loss	NOUN
ftr-330	978	44	corporation,200	corporation,200	PROPN
ftr-330	979	1	and	and	CCONJ
ftr-330	979	2	those	those	DET
ftr-330	979	3	losses	loss	NOUN
ftr-330	979	4	remain	remain	VERB
ftr-330	979	5	subject	subject	ADJ
ftr-330	979	6	to	to	ADP
ftr-330	979	7	the	the	DET
ftr-330	979	8	section	section	NOUN
ftr-330	979	9	382	382	NUM
ftr-330	979	10	limitation	limitation	NOUN
ftr-330	979	11	.	.	PUNCT
ftr-330	980	1	the	the	DET
ftr-330	980	2	section	section	NOUN
ftr-330	980	3	382	382	NUM
ftr-330	980	4	limitation	limitation	NOUN
ftr-330	980	5	applicable	applicable	ADJ
ftr-330	980	6	to	to	ADP
ftr-330	980	7	the	the	DET
ftr-330	980	8	departing	depart	VERB
ftr-330	980	9	loss	loss	NOUN
ftr-330	980	10	corporation	corporation	NOUN
ftr-330	980	11	will	will	AUX
ftr-330	980	12	be	be	AUX
ftr-330	980	13	zero	zero	NUM
ftr-330	980	14	unless	unless	SCONJ
ftr-330	980	15	the	the	DET
ftr-330	980	16	common	common	ADJ
ftr-330	980	17	parent	parent	NOUN
ftr-330	980	18	(	(	PUNCT
ftr-330	980	19	not	not	PART
ftr-330	980	20	a	a	DET
ftr-330	980	21	loss	loss	NOUN
ftr-330	980	22	subgroup	subgroup	NOUN
ftr-330	980	23	parent	parent	NOUN
ftr-330	980	24	)	)	PUNCT
ftr-330	980	25	elects	elect	NOUN
ftr-330	980	26	to	to	PART
ftr-330	980	27	apportion	apportion	VERB
ftr-330	980	28	part	part	NOUN
ftr-330	980	29	of	of	ADP
ftr-330	980	30	the	the	DET
ftr-330	980	31	section	section	NOUN
ftr-330	980	32	382	382	NUM
ftr-330	980	33	limitation	limitation	NOUN
ftr-330	980	34	of	of	ADP
ftr-330	980	35	the	the	DET
ftr-330	980	36	consolidated	consolidated	ADJ
ftr-330	980	37	loss	loss	NOUN
ftr-330	980	38	group	group	NOUN
ftr-330	980	39	to	to	ADP
ftr-330	980	40	the	the	DET
ftr-330	980	41	departing	depart	VERB
ftr-330	980	42	loss	loss	NOUN
ftr-330	980	43	corporation.201	corporation.201	VERB
ftr-330	980	44	the	the	DET
ftr-330	980	45	section	section	NOUN
ftr-330	980	46	382	382	NUM
ftr-330	980	47	limitation	limitation	NOUN
ftr-330	980	48	apportioned	apportion	VERB
ftr-330	980	49	to	to	ADP
ftr-330	980	50	the	the	DET
ftr-330	980	51	departing	depart	VERB
ftr-330	980	52	member	member	NOUN
ftr-330	980	53	will	will	AUX
ftr-330	980	54	reduce	reduce	VERB
ftr-330	980	55	the	the	DET
ftr-330	980	56	section	section	NOUN
ftr-330	980	57	382	382	NUM
ftr-330	980	58	limitation	limitation	NOUN
ftr-330	980	59	of	of	ADP
ftr-330	980	60	the	the	DET
ftr-330	980	61	remaining	remain	VERB
ftr-330	980	62	consolidated	consolidated	ADJ
ftr-330	980	63	loss	loss	NOUN
ftr-330	980	64	group.202	group.202	ADP
ftr-330	980	65	the	the	DET
ftr-330	980	66	regulations	regulation	NOUN
ftr-330	980	67	also	also	ADV
ftr-330	980	68	permit	permit	VERB
ftr-330	980	69	an	an	DET
ftr-330	980	70	election	election	NOUN
ftr-330	980	71	to	to	PART
ftr-330	980	72	apportion	apportion	VERB
ftr-330	980	73	part	part	NOUN
ftr-330	980	74	of	of	ADP
ftr-330	980	75	the	the	DET
ftr-330	980	76	net	net	ADJ
ftr-330	980	77	unrealized	unrealize	VERB
ftr-330	980	78	built	build	VERB
ftr-330	980	79	-	-	PUNCT
ftr-330	980	80	in	in	ADP
ftr-330	980	81	gain	gain	NOUN
ftr-330	980	82	of	of	ADP
ftr-330	980	83	the	the	DET
ftr-330	980	84	loss	loss	NOUN
ftr-330	980	85	group	group	NOUN
ftr-330	980	86	,	,	PUNCT
ftr-330	980	87	which	which	PRON
ftr-330	980	88	increases	increase	VERB
ftr-330	980	89	the	the	DET
ftr-330	980	90	section	section	NOUN
ftr-330	980	91	382	382	NUM
ftr-330	980	92	limitation	limitation	NOUN
ftr-330	980	93	,	,	PUNCT
ftr-330	980	94	to	to	ADP
ftr-330	980	95	the	the	DET
ftr-330	980	96	departing	departing	NOUN
ftr-330	980	97	member.203	member.203	VERB
ftr-330	980	98	a	a	DET
ftr-330	980	99	pro	pro	ADJ
ftr-330	980	100	-	-	ADJ
ftr-330	980	101	rata	rata	ADJ
ftr-330	980	102	portion	portion	NOUN
ftr-330	980	103	of	of	ADP
ftr-330	980	104	the	the	DET
ftr-330	980	105	group	group	NOUN
ftr-330	980	106	’s	’s	PART
ftr-330	980	107	net	net	ADJ
ftr-330	980	108	unrealized	unrealized	ADJ
ftr-330	980	109	built	build	VERB
ftr-330	980	110	-	-	PUNCT
ftr-330	980	111	in	in	ADP
ftr-330	980	112	loss	loss	NOUN
ftr-330	980	113	must	must	AUX
ftr-330	980	114	be	be	AUX
ftr-330	980	115	allocated	allocate	VERB
ftr-330	980	116	to	to	ADP
ftr-330	980	117	the	the	DET
ftr-330	980	118	departing	depart	VERB
ftr-330	980	119	member	member	NOUN
ftr-330	980	120	of	of	ADP
ftr-330	980	121	a	a	DET
ftr-330	980	122	consolidated	consolidated	ADJ
ftr-330	980	123	group.204	group.204	PROPN
ftr-330	980	124	c.	c.	NOUN
ftr-330	980	125	separate	separate	ADJ
ftr-330	980	126	return	return	NOUN
ftr-330	980	127	limitation	limitation	NOUN
ftr-330	980	128	year	year	NOUN
ftr-330	980	129	1	1	NUM
ftr-330	980	130	.	.	PUNCT
ftr-330	981	1	generally	generally	ADV
ftr-330	981	2	generally	generally	ADV
ftr-330	981	3	,	,	PUNCT
ftr-330	981	4	the	the	DET
ftr-330	981	5	definition	definition	NOUN
ftr-330	981	6	for	for	ADP
ftr-330	981	7	“	"	PUNCT
ftr-330	981	8	separate	separate	ADJ
ftr-330	981	9	return	return	NOUN
ftr-330	981	10	limitation	limitation	NOUN
ftr-330	981	11	year	year	NOUN
ftr-330	981	12	”	"	PUNCT
ftr-330	981	13	is	be	AUX
ftr-330	981	14	a	a	DET
ftr-330	981	15	year	year	NOUN
ftr-330	981	16	in	in	ADP
ftr-330	981	17	which	which	PRON
ftr-330	981	18	any	any	DET
ftr-330	981	19	member	member	NOUN
ftr-330	981	20	of	of	ADP
ftr-330	981	21	the	the	DET
ftr-330	981	22	consolidated	consolidated	ADJ
ftr-330	981	23	group	group	NOUN
ftr-330	981	24	filed	file	VERB
ftr-330	981	25	a	a	DET
ftr-330	981	26	separate	separate	ADJ
ftr-330	981	27	return.205	return.205	NOUN
ftr-330	981	28	but	but	CCONJ
ftr-330	981	29	there	there	PRON
ftr-330	981	30	are	be	VERB
ftr-330	981	31	exceptions	exception	NOUN
ftr-330	981	32	.	.	PUNCT
ftr-330	982	1	the	the	DET
ftr-330	982	2	parent	parent	NOUN
ftr-330	982	3	is	be	AUX
ftr-330	982	4	excepted	except	VERB
ftr-330	982	5	from	from	ADP
ftr-330	982	6	the	the	DET
ftr-330	982	7	general	general	ADJ
ftr-330	982	8	rule.206	rule.206	NOUN
ftr-330	982	9	this	this	DET
ftr-330	982	10	exception	exception	NOUN
ftr-330	982	11	permits	permit	VERB
ftr-330	982	12	a	a	DET
ftr-330	982	13	loss	loss	NOUN
ftr-330	982	14	corporation	corporation	NOUN
ftr-330	982	15	to	to	PART
ftr-330	982	16	acquire	acquire	VERB
ftr-330	982	17	a	a	DET
ftr-330	982	18	profitable	profitable	ADJ
ftr-330	982	19	subsidiary	subsidiary	NOUN
ftr-330	982	20	and	and	CCONJ
ftr-330	982	21	apply	apply	VERB
ftr-330	982	22	its	its	PRON
ftr-330	982	23	own	own	ADJ
ftr-330	982	24	loss	loss	NOUN
ftr-330	982	25	carryovers	carryover	NOUN
ftr-330	982	26	against	against	ADP
ftr-330	982	27	the	the	DET
ftr-330	982	28	profits	profit	NOUN
ftr-330	982	29	of	of	ADP
ftr-330	982	30	the	the	DET
ftr-330	982	31	newly	newly	ADV
ftr-330	982	32	acquired	acquire	VERB
ftr-330	982	33	subsidiary	subsidiary	NOUN
ftr-330	982	34	.	.	PUNCT
ftr-330	983	1	acquisition	acquisition	NOUN
ftr-330	983	2	of	of	ADP
ftr-330	983	3	a	a	DET
ftr-330	983	4	corporation	corporation	NOUN
ftr-330	983	5	with	with	ADP
ftr-330	983	6	built	build	VERB
ftr-330	983	7	-	-	PUNCT
ftr-330	983	8	in	in	ADP
ftr-330	983	9	gain	gain	NOUN
ftr-330	983	10	,	,	PUNCT
ftr-330	983	11	however	however	ADV
ftr-330	983	12	,	,	PUNCT
ftr-330	983	13	is	be	AUX
ftr-330	983	14	subject	subject	ADJ
ftr-330	983	15	to	to	ADP
ftr-330	983	16	the	the	DET
ftr-330	983	17	limitations	limitation	NOUN
ftr-330	983	18	of	of	ADP
ftr-330	983	19	section	section	NOUN
ftr-330	983	20	384	384	NUM
ftr-330	983	21	,	,	PUNCT
ftr-330	983	22	which	which	PRON
ftr-330	983	23	restricts	restrict	VERB
ftr-330	983	24	the	the	DET
ftr-330	983	25	use	use	NOUN
ftr-330	983	26	of	of	ADP
ftr-330	983	27	198	198	NUM
ftr-330	983	28	.	.	PUNCT
ftr-330	984	1	reg	reg	NOUN
ftr-330	984	2	.	.	PUNCT
ftr-330	985	1	§	§	PROPN
ftr-330	985	2	1.1502–94(b)(1	1.1502–94(b)(1	NUM
ftr-330	985	3	)	)	PUNCT
ftr-330	985	4	.	.	PUNCT
ftr-330	986	1	199	199	NUM
ftr-330	986	2	.	.	PUNCT
ftr-330	986	3	regs	regs	PROPN
ftr-330	986	4	.	.	PUNCT
ftr-330	987	1	§	§	PROPN
ftr-330	987	2	§	§	PROPN
ftr-330	987	3	1.1502–21(c	1.1502–21(c	NUM
ftr-330	987	4	)	)	PUNCT
ftr-330	987	5	and	and	CCONJ
ftr-330	987	6	1.1502–94(b)(4	1.1502–94(b)(4	NUM
ftr-330	987	7	)	)	PUNCT
ftr-330	987	8	,	,	PUNCT
ftr-330	987	9	ex	ex	NOUN
ftr-330	987	10	.	.	NOUN
ftr-330	987	11	1(iii	1(iii	NUM
ftr-330	987	12	)	)	PUNCT
ftr-330	987	13	.	.	PUNCT
ftr-330	988	1	200	200	NUM
ftr-330	988	2	.	.	X
ftr-330	988	3	reg	reg	NOUN
ftr-330	988	4	.	.	PUNCT
ftr-330	989	1	§	§	PROPN
ftr-330	989	2	1.1502–21(b)(2	1.1502–21(b)(2	NUM
ftr-330	989	3	)	)	PUNCT
ftr-330	989	4	.	.	PUNCT
ftr-330	990	1	201	201	NUM
ftr-330	990	2	.	.	PUNCT
ftr-330	991	1	reg	reg	NOUN
ftr-330	991	2	.	.	PUNCT
ftr-330	992	1	§	§	PROPN
ftr-330	992	2	1.1502–95(c)(2	1.1502–95(c)(2	NUM
ftr-330	992	3	)	)	PUNCT
ftr-330	992	4	.	.	PUNCT
ftr-330	993	1	202	202	NUM
ftr-330	993	2	.	.	PUNCT
ftr-330	994	1	reg	reg	PROPN
ftr-330	994	2	.	.	PUNCT
ftr-330	995	1	§	§	NOUN
ftr-330	995	2	1.1502–95(c)(3	1.1502–95(c)(3	NUM
ftr-330	995	3	)	)	PUNCT
ftr-330	995	4	.	.	PUNCT
ftr-330	996	1	203	203	NUM
ftr-330	996	2	.	.	PUNCT
ftr-330	996	3	reg	reg	NOUN
ftr-330	996	4	.	.	PUNCT
ftr-330	997	1	§	§	PROPN
ftr-330	997	2	1.1502–95(c)(2)(ii	1.1502–95(c)(2)(ii	NUM
ftr-330	997	3	)	)	PUNCT
ftr-330	997	4	.	.	PUNCT
ftr-330	998	1	204	204	NUM
ftr-330	998	2	.	.	PUNCT
ftr-330	999	1	reg	reg	NOUN
ftr-330	999	2	.	.	PUNCT
ftr-330	1000	1	§	§	PROPN
ftr-330	1000	2	1.1502–95(e	1.1502–95(e	NUM
ftr-330	1000	3	)	)	PUNCT
ftr-330	1000	4	.	.	PUNCT
ftr-330	1001	1	205	205	NUM
ftr-330	1001	2	.	.	PUNCT
ftr-330	1002	1	reg	reg	NOUN
ftr-330	1002	2	.	.	PUNCT
ftr-330	1003	1	§	§	PROPN
ftr-330	1003	2	1.1502–1(f	1.1502–1(f	NUM
ftr-330	1003	3	)	)	PUNCT
ftr-330	1003	4	.	.	PUNCT
ftr-330	1004	1	206	206	NUM
ftr-330	1004	2	.	.	PUNCT
ftr-330	1005	1	reg	reg	NOUN
ftr-330	1005	2	.	.	PUNCT
ftr-330	1006	1	§	§	PROPN
ftr-330	1006	2	1.1502–1(f)(2)(i	1.1502–1(f)(2)(i	NUM
ftr-330	1006	3	)	)	PUNCT
ftr-330	1006	4	.	.	PUNCT
ftr-330	1007	1	2012	2012	NUM
ftr-330	1007	2	]	]	PUNCT
ftr-330	1007	3	understanding	understand	VERB
ftr-330	1007	4	consolidated	consolidated	ADJ
ftr-330	1007	5	returns	return	NOUN
ftr-330	1007	6	173	173	NUM
ftr-330	1007	7	preacquisition	preacquisition	NOUN
ftr-330	1007	8	losses	loss	NOUN
ftr-330	1007	9	against	against	ADP
ftr-330	1007	10	recognized	recognize	VERB
ftr-330	1007	11	built	build	VERB
ftr-330	1007	12	-	-	PUNCT
ftr-330	1007	13	in	in	ADP
ftr-330	1007	14	gain	gain	NOUN
ftr-330	1007	15	of	of	ADP
ftr-330	1007	16	either	either	CCONJ
ftr-330	1007	17	the	the	DET
ftr-330	1007	18	acquired	acquire	VERB
ftr-330	1007	19	or	or	CCONJ
ftr-330	1007	20	acquiring	acquire	VERB
ftr-330	1007	21	corporation	corporation	NOUN
ftr-330	1007	22	.	.	PUNCT
ftr-330	1008	1	in	in	ADP
ftr-330	1008	2	addition	addition	NOUN
ftr-330	1008	3	,	,	PUNCT
ftr-330	1008	4	a	a	DET
ftr-330	1008	5	srly	srly	NOUN
ftr-330	1008	6	does	do	AUX
ftr-330	1008	7	not	not	PART
ftr-330	1008	8	include	include	VERB
ftr-330	1008	9	a	a	DET
ftr-330	1008	10	separate	separate	ADJ
ftr-330	1008	11	return	return	NOUN
ftr-330	1008	12	year	year	NOUN
ftr-330	1008	13	for	for	ADP
ftr-330	1008	14	a	a	DET
ftr-330	1008	15	subsidiary	subsidiary	NOUN
ftr-330	1008	16	that	that	PRON
ftr-330	1008	17	was	be	AUX
ftr-330	1008	18	a	a	DET
ftr-330	1008	19	member	member	NOUN
ftr-330	1008	20	of	of	ADP
ftr-330	1008	21	the	the	DET
ftr-330	1008	22	affiliated	affiliated	ADJ
ftr-330	1008	23	group	group	NOUN
ftr-330	1008	24	at	at	ADP
ftr-330	1008	25	the	the	DET
ftr-330	1008	26	time	time	NOUN
ftr-330	1008	27	the	the	DET
ftr-330	1008	28	loss	loss	NOUN
ftr-330	1008	29	was	be	AUX
ftr-330	1008	30	incurred	incur	VERB
ftr-330	1008	31	but	but	CCONJ
ftr-330	1008	32	which	which	PRON
ftr-330	1008	33	was	be	AUX
ftr-330	1008	34	not	not	PART
ftr-330	1008	35	included	include	VERB
ftr-330	1008	36	in	in	ADP
ftr-330	1008	37	a	a	DET
ftr-330	1008	38	consolidated	consolidated	ADJ
ftr-330	1008	39	return	return	NOUN
ftr-330	1008	40	for	for	ADP
ftr-330	1008	41	that	that	DET
ftr-330	1008	42	year.207	year.207	NOUN
ftr-330	1008	43	the	the	DET
ftr-330	1008	44	deduction	deduction	NOUN
ftr-330	1008	45	of	of	ADP
ftr-330	1008	46	a	a	DET
ftr-330	1008	47	srly	srly	ADJ
ftr-330	1008	48	loss	loss	NOUN
ftr-330	1008	49	by	by	ADP
ftr-330	1008	50	the	the	DET
ftr-330	1008	51	consolidated	consolidated	ADJ
ftr-330	1008	52	group	group	NOUN
ftr-330	1008	53	in	in	ADP
ftr-330	1008	54	any	any	DET
ftr-330	1008	55	taxable	taxable	ADJ
ftr-330	1008	56	year	year	NOUN
ftr-330	1008	57	is	be	AUX
ftr-330	1008	58	limited	limit	VERB
ftr-330	1008	59	to	to	ADP
ftr-330	1008	60	the	the	DET
ftr-330	1008	61	taxable	taxable	ADJ
ftr-330	1008	62	income	income	NOUN
ftr-330	1008	63	contributed	contribute	VERB
ftr-330	1008	64	to	to	ADP
ftr-330	1008	65	the	the	DET
ftr-330	1008	66	group	group	NOUN
ftr-330	1008	67	by	by	ADP
ftr-330	1008	68	the	the	DET
ftr-330	1008	69	member	member	NOUN
ftr-330	1008	70	with	with	ADP
ftr-330	1008	71	the	the	DET
ftr-330	1008	72	srly	srly	ADJ
ftr-330	1008	73	loss.208	loss.208	NOUN
ftr-330	1008	74	the	the	DET
ftr-330	1008	75	member	member	NOUN
ftr-330	1008	76	’s	’s	PART
ftr-330	1008	77	contribution	contribution	NOUN
ftr-330	1008	78	to	to	ADP
ftr-330	1008	79	consolidated	consolidated	ADJ
ftr-330	1008	80	taxable	taxable	ADJ
ftr-330	1008	81	income	income	NOUN
ftr-330	1008	82	is	be	AUX
ftr-330	1008	83	measured	measure	VERB
ftr-330	1008	84	on	on	ADP
ftr-330	1008	85	a	a	DET
ftr-330	1008	86	cumulative	cumulative	ADJ
ftr-330	1008	87	basis	basis	NOUN
ftr-330	1008	88	over	over	ADP
ftr-330	1008	89	the	the	DET
ftr-330	1008	90	entire	entire	ADJ
ftr-330	1008	91	period	period	NOUN
ftr-330	1008	92	during	during	ADP
ftr-330	1008	93	which	which	PRON
ftr-330	1008	94	the	the	DET
ftr-330	1008	95	srly	srly	ADJ
ftr-330	1008	96	corporation	corporation	NOUN
ftr-330	1008	97	is	be	AUX
ftr-330	1008	98	a	a	DET
ftr-330	1008	99	member	member	NOUN
ftr-330	1008	100	of	of	ADP
ftr-330	1008	101	the	the	DET
ftr-330	1008	102	group	group	NOUN
ftr-330	1008	103	.	.	PUNCT
ftr-330	1009	1	thus	thus	ADV
ftr-330	1009	2	,	,	PUNCT
ftr-330	1009	3	a	a	DET
ftr-330	1009	4	member	member	NOUN
ftr-330	1009	5	’s	’s	PART
ftr-330	1009	6	srly	srly	ADJ
ftr-330	1009	7	losses	loss	NOUN
ftr-330	1009	8	may	may	AUX
ftr-330	1009	9	be	be	AUX
ftr-330	1009	10	absorbed	absorb	VERB
ftr-330	1009	11	in	in	ADP
ftr-330	1009	12	any	any	DET
ftr-330	1009	13	consolidated	consolidated	ADJ
ftr-330	1009	14	return	return	NOUN
ftr-330	1009	15	year	year	NOUN
ftr-330	1009	16	to	to	ADP
ftr-330	1009	17	the	the	DET
ftr-330	1009	18	extent	extent	NOUN
ftr-330	1009	19	of	of	ADP
ftr-330	1009	20	the	the	DET
ftr-330	1009	21	member	member	NOUN
ftr-330	1009	22	’s	’s	PART
ftr-330	1009	23	cumulative	cumulative	ADJ
ftr-330	1009	24	net	net	ADJ
ftr-330	1009	25	contribution	contribution	NOUN
ftr-330	1009	26	to	to	ADP
ftr-330	1009	27	consolidated	consolidated	ADJ
ftr-330	1009	28	taxable	taxable	ADJ
ftr-330	1009	29	income	income	NOUN
ftr-330	1009	30	in	in	ADP
ftr-330	1009	31	prior	prior	ADJ
ftr-330	1009	32	consolidated	consolidated	ADJ
ftr-330	1009	33	return	return	NOUN
ftr-330	1009	34	years	year	NOUN
ftr-330	1009	35	of	of	ADP
ftr-330	1009	36	the	the	DET
ftr-330	1009	37	group	group	NOUN
ftr-330	1009	38	,	,	PUNCT
ftr-330	1009	39	even	even	ADV
ftr-330	1009	40	though	though	SCONJ
ftr-330	1009	41	the	the	DET
ftr-330	1009	42	member	member	NOUN
ftr-330	1009	43	may	may	AUX
ftr-330	1009	44	not	not	PART
ftr-330	1009	45	have	have	VERB
ftr-330	1009	46	taxable	taxable	ADJ
ftr-330	1009	47	income	income	NOUN
ftr-330	1009	48	in	in	ADP
ftr-330	1009	49	the	the	DET
ftr-330	1009	50	year	year	NOUN
ftr-330	1009	51	the	the	DET
ftr-330	1009	52	loss	loss	NOUN
ftr-330	1009	53	is	be	AUX
ftr-330	1009	54	absorbed	absorb	VERB
ftr-330	1009	55	.	.	PUNCT
ftr-330	1010	1	similar	similar	ADJ
ftr-330	1010	2	rules	rule	NOUN
ftr-330	1010	3	apply	apply	VERB
ftr-330	1010	4	on	on	ADP
ftr-330	1010	5	the	the	DET
ftr-330	1010	6	basis	basis	NOUN
ftr-330	1010	7	of	of	ADP
ftr-330	1010	8	a	a	DET
ftr-330	1010	9	srly	srly	ADJ
ftr-330	1010	10	subgroup	subgroup	NOUN
ftr-330	1010	11	,	,	PUNCT
ftr-330	1010	12	rather	rather	ADV
ftr-330	1010	13	than	than	ADP
ftr-330	1010	14	fragmenting	fragment	VERB
ftr-330	1010	15	the	the	DET
ftr-330	1010	16	limitation	limitation	NOUN
ftr-330	1010	17	on	on	ADP
ftr-330	1010	18	a	a	DET
ftr-330	1010	19	corporation	corporation	NOUN
ftr-330	1010	20	-	-	PUNCT
ftr-330	1010	21	by	by	ADP
ftr-330	1010	22	-	-	PUNCT
ftr-330	1010	23	corporation	corporation	NOUN
ftr-330	1010	24	basis.209	basis.209	NOUN
ftr-330	1010	25	a	a	DET
ftr-330	1010	26	srly	srly	ADJ
ftr-330	1010	27	subgroup	subgroup	NOUN
ftr-330	1010	28	consists	consist	NOUN
ftr-330	1010	29	of	of	ADP
ftr-330	1010	30	corporations	corporation	NOUN
ftr-330	1010	31	affiliated	affiliate	VERB
ftr-330	1010	32	with	with	ADP
ftr-330	1010	33	the	the	DET
ftr-330	1010	34	loss	loss	NOUN
ftr-330	1010	35	corporation	corporation	NOUN
ftr-330	1010	36	continuously	continuously	ADV
ftr-330	1010	37	from	from	ADP
ftr-330	1010	38	the	the	DET
ftr-330	1010	39	year	year	NOUN
ftr-330	1010	40	in	in	ADP
ftr-330	1010	41	which	which	PRON
ftr-330	1010	42	the	the	DET
ftr-330	1010	43	loss	loss	NOUN
ftr-330	1010	44	was	be	AUX
ftr-330	1010	45	incurred	incur	VERB
ftr-330	1010	46	to	to	ADP
ftr-330	1010	47	the	the	DET
ftr-330	1010	48	year	year	NOUN
ftr-330	1010	49	into	into	ADP
ftr-330	1010	50	which	which	PRON
ftr-330	1010	51	the	the	DET
ftr-330	1010	52	loss	loss	NOUN
ftr-330	1010	53	is	be	AUX
ftr-330	1010	54	carried	carry	VERB
ftr-330	1010	55	.	.	PUNCT
ftr-330	1011	1	2	2	X
ftr-330	1011	2	.	.	X
ftr-330	1011	3	reverse	reverse	ADJ
ftr-330	1011	4	acquisition	acquisition	NOUN
ftr-330	1011	5	since	since	SCONJ
ftr-330	1011	6	the	the	DET
ftr-330	1011	7	srly	srly	ADJ
ftr-330	1011	8	limitation	limitation	NOUN
ftr-330	1011	9	does	do	AUX
ftr-330	1011	10	not	not	PART
ftr-330	1011	11	apply	apply	VERB
ftr-330	1011	12	in	in	ADP
ftr-330	1011	13	the	the	DET
ftr-330	1011	14	case	case	NOUN
ftr-330	1011	15	of	of	ADP
ftr-330	1011	16	a	a	DET
ftr-330	1011	17	change	change	NOUN
ftr-330	1011	18	of	of	ADP
ftr-330	1011	19	ownership	ownership	NOUN
ftr-330	1011	20	of	of	ADP
ftr-330	1011	21	the	the	DET
ftr-330	1011	22	common	common	ADJ
ftr-330	1011	23	parent	parent	NOUN
ftr-330	1011	24	,	,	PUNCT
ftr-330	1011	25	there	there	PRON
ftr-330	1011	26	remains	remain	VERB
ftr-330	1011	27	a	a	DET
ftr-330	1011	28	possibility	possibility	NOUN
ftr-330	1011	29	that	that	SCONJ
ftr-330	1011	30	the	the	DET
ftr-330	1011	31	common	common	ADJ
ftr-330	1011	32	parent	parent	NOUN
ftr-330	1011	33	of	of	ADP
ftr-330	1011	34	the	the	DET
ftr-330	1011	35	loss	loss	NOUN
ftr-330	1011	36	group	group	NOUN
ftr-330	1011	37	might	might	AUX
ftr-330	1011	38	acquire	acquire	VERB
ftr-330	1011	39	a	a	DET
ftr-330	1011	40	profitable	profitable	ADJ
ftr-330	1011	41	corporation	corporation	NOUN
ftr-330	1011	42	in	in	ADP
ftr-330	1011	43	a	a	DET
ftr-330	1011	44	transaction	transaction	NOUN
ftr-330	1011	45	that	that	PRON
ftr-330	1011	46	results	result	VERB
ftr-330	1011	47	in	in	ADP
ftr-330	1011	48	the	the	DET
ftr-330	1011	49	acquired	acquire	VERB
ftr-330	1011	50	corporation	corporation	NOUN
ftr-330	1011	51	’s	’s	PART
ftr-330	1011	52	shareholders	shareholder	NOUN
ftr-330	1011	53	owning	own	VERB
ftr-330	1011	54	more	more	ADJ
ftr-330	1011	55	than	than	ADP
ftr-330	1011	56	50	50	NUM
ftr-330	1011	57	percent	percent	NOUN
ftr-330	1011	58	of	of	ADP
ftr-330	1011	59	the	the	DET
ftr-330	1011	60	stock	stock	NOUN
ftr-330	1011	61	of	of	ADP
ftr-330	1011	62	the	the	DET
ftr-330	1011	63	common	common	ADJ
ftr-330	1011	64	parent	parent	NOUN
ftr-330	1011	65	of	of	ADP
ftr-330	1011	66	the	the	DET
ftr-330	1011	67	loss	loss	NOUN
ftr-330	1011	68	group.210	group.210	NOUN
ftr-330	1011	69	for	for	ADP
ftr-330	1011	70	example	example	NOUN
ftr-330	1011	71	,	,	PUNCT
ftr-330	1011	72	assume	assume	VERB
ftr-330	1011	73	that	that	SCONJ
ftr-330	1011	74	a	a	DET
ftr-330	1011	75	profitable	profitable	ADJ
ftr-330	1011	76	p	p	NOUN
ftr-330	1011	77	corporation	corporation	NOUN
ftr-330	1011	78	merges	merge	VERB
ftr-330	1011	79	into	into	ADP
ftr-330	1011	80	l	l	PROPN
ftr-330	1011	81	corporation	corporation	NOUN
ftr-330	1011	82	,	,	PUNCT
ftr-330	1011	83	which	which	PRON
ftr-330	1011	84	is	be	AUX
ftr-330	1011	85	the	the	DET
ftr-330	1011	86	common	common	ADJ
ftr-330	1011	87	parent	parent	NOUN
ftr-330	1011	88	of	of	ADP
ftr-330	1011	89	a	a	DET
ftr-330	1011	90	consolidated	consolidated	ADJ
ftr-330	1011	91	group	group	NOUN
ftr-330	1011	92	of	of	ADP
ftr-330	1011	93	corporations	corporation	NOUN
ftr-330	1011	94	,	,	PUNCT
ftr-330	1011	95	and	and	CCONJ
ftr-330	1011	96	as	as	ADP
ftr-330	1011	97	a	a	DET
ftr-330	1011	98	result	result	NOUN
ftr-330	1011	99	of	of	ADP
ftr-330	1011	100	the	the	DET
ftr-330	1011	101	merger	merger	NOUN
ftr-330	1011	102	the	the	DET
ftr-330	1011	103	persons	person	NOUN
ftr-330	1011	104	who	who	PRON
ftr-330	1011	105	were	be	AUX
ftr-330	1011	106	shareholders	shareholder	NOUN
ftr-330	1011	107	of	of	ADP
ftr-330	1011	108	former	former	ADJ
ftr-330	1011	109	p	p	NOUN
ftr-330	1011	110	corporation	corporation	NOUN
ftr-330	1011	111	immediately	immediately	ADV
ftr-330	1011	112	before	before	SCONJ
ftr-330	1011	113	the	the	DET
ftr-330	1011	114	merger	merger	NOUN
ftr-330	1011	115	end	end	VERB
ftr-330	1011	116	up	up	ADP
ftr-330	1011	117	owning	own	VERB
ftr-330	1011	118	more	more	ADJ
ftr-330	1011	119	than	than	ADP
ftr-330	1011	120	50	50	NUM
ftr-330	1011	121	percent	percent	NOUN
ftr-330	1011	122	of	of	ADP
ftr-330	1011	123	the	the	DET
ftr-330	1011	124	stock	stock	NOUN
ftr-330	1011	125	of	of	ADP
ftr-330	1011	126	l	l	PROPN
ftr-330	1011	127	corporation	corporation	NOUN
ftr-330	1011	128	.	.	PUNCT
ftr-330	1012	1	srly	srly	PROPN
ftr-330	1012	2	does	do	AUX
ftr-330	1012	3	not	not	PART
ftr-330	1012	4	limit	limit	VERB
ftr-330	1012	5	the	the	DET
ftr-330	1012	6	losses	loss	NOUN
ftr-330	1012	7	of	of	ADP
ftr-330	1012	8	the	the	DET
ftr-330	1012	9	l	l	PROPN
ftr-330	1012	10	corporation	corporation	NOUN
ftr-330	1012	11	consolidated	consolidate	VERB
ftr-330	1012	12	group	group	NOUN
ftr-330	1012	13	none	none	NOUN
ftr-330	1012	14	of	of	ADP
ftr-330	1012	15	which	which	PRON
ftr-330	1012	16	were	be	AUX
ftr-330	1012	17	incurred	incur	VERB
ftr-330	1012	18	in	in	ADP
ftr-330	1012	19	a	a	DET
ftr-330	1012	20	separate	separate	ADJ
ftr-330	1012	21	return	return	NOUN
ftr-330	1012	22	limitation	limitation	NOUN
ftr-330	1012	23	year	year	NOUN
ftr-330	1012	24	.	.	PUNCT
ftr-330	1013	1	however	however	ADV
ftr-330	1013	2	,	,	PUNCT
ftr-330	1013	3	the	the	DET
ftr-330	1013	4	regulations	regulation	NOUN
ftr-330	1013	5	207	207	NUM
ftr-330	1013	6	.	.	PUNCT
ftr-330	1014	1	reg	reg	NOUN
ftr-330	1014	2	.	.	PUNCT
ftr-330	1015	1	§	§	PROPN
ftr-330	1015	2	1.1502–1(f)(2)(ii	1.1502–1(f)(2)(ii	NUM
ftr-330	1015	3	)	)	PUNCT
ftr-330	1015	4	.	.	PUNCT
ftr-330	1016	1	208	208	NUM
ftr-330	1016	2	.	.	PUNCT
ftr-330	1016	3	reg	reg	NOUN
ftr-330	1016	4	.	.	PUNCT
ftr-330	1017	1	§	§	PROPN
ftr-330	1017	2	1.1502–21(c)(1	1.1502–21(c)(1	NUM
ftr-330	1017	3	)	)	PUNCT
ftr-330	1017	4	.	.	PUNCT
ftr-330	1018	1	209	209	NUM
ftr-330	1018	2	.	.	PUNCT
ftr-330	1019	1	reg	reg	NOUN
ftr-330	1019	2	.	.	PUNCT
ftr-330	1020	1	§	§	NOUN
ftr-330	1020	2	1.1502–21(c)(2	1.1502–21(c)(2	NUM
ftr-330	1020	3	)	)	PUNCT
ftr-330	1020	4	.	.	PUNCT
ftr-330	1021	1	210	210	NUM
ftr-330	1021	2	.	.	PUNCT
ftr-330	1022	1	the	the	DET
ftr-330	1022	2	section	section	NOUN
ftr-330	1022	3	382	382	NUM
ftr-330	1022	4	limitation	limitation	NOUN
ftr-330	1022	5	applies	apply	VERB
ftr-330	1022	6	where	where	SCONJ
ftr-330	1022	7	there	there	PRON
ftr-330	1022	8	is	be	VERB
ftr-330	1022	9	a	a	DET
ftr-330	1022	10	more	more	ADJ
ftr-330	1022	11	than	than	ADP
ftr-330	1022	12	50	50	NUM
ftr-330	1022	13	percent	percent	NOUN
ftr-330	1022	14	change	change	NOUN
ftr-330	1022	15	in	in	ADP
ftr-330	1022	16	ownership	ownership	NOUN
ftr-330	1022	17	of	of	ADP
ftr-330	1022	18	the	the	DET
ftr-330	1022	19	loss	loss	NOUN
ftr-330	1022	20	corporation	corporation	NOUN
ftr-330	1022	21	,	,	PUNCT
ftr-330	1022	22	but	but	CCONJ
ftr-330	1022	23	the	the	DET
ftr-330	1022	24	section	section	NOUN
ftr-330	1022	25	382	382	NUM
ftr-330	1022	26	limitation	limitation	NOUN
ftr-330	1022	27	would	would	AUX
ftr-330	1022	28	not	not	PART
ftr-330	1022	29	apply	apply	VERB
ftr-330	1022	30	,	,	PUNCT
ftr-330	1022	31	for	for	ADP
ftr-330	1022	32	example	example	NOUN
ftr-330	1022	33	,	,	PUNCT
ftr-330	1022	34	if	if	SCONJ
ftr-330	1022	35	the	the	DET
ftr-330	1022	36	profitable	profitable	ADJ
ftr-330	1022	37	corporation	corporation	NOUN
ftr-330	1022	38	’s	’s	PART
ftr-330	1022	39	shareholders	shareholder	NOUN
ftr-330	1022	40	already	already	ADV
ftr-330	1022	41	owned	own	VERB
ftr-330	1022	42	10	10	NUM
ftr-330	1022	43	percent	percent	NOUN
ftr-330	1022	44	of	of	ADP
ftr-330	1022	45	the	the	DET
ftr-330	1022	46	loss	loss	NOUN
ftr-330	1022	47	corporation	corporation	NOUN
ftr-330	1022	48	stock	stock	NOUN
ftr-330	1022	49	and	and	CCONJ
ftr-330	1022	50	by	by	ADP
ftr-330	1022	51	virtue	virtue	NOUN
ftr-330	1022	52	of	of	ADP
ftr-330	1022	53	the	the	DET
ftr-330	1022	54	transaction	transaction	NOUN
ftr-330	1022	55	increased	increase	VERB
ftr-330	1022	56	their	their	PRON
ftr-330	1022	57	ownership	ownership	NOUN
ftr-330	1022	58	interest	interest	NOUN
ftr-330	1022	59	to	to	ADP
ftr-330	1022	60	52	52	NUM
ftr-330	1022	61	percent	percent	NOUN
ftr-330	1022	62	,	,	PUNCT
ftr-330	1022	63	which	which	PRON
ftr-330	1022	64	is	be	AUX
ftr-330	1022	65	an	an	DET
ftr-330	1022	66	increase	increase	NOUN
ftr-330	1022	67	of	of	ADP
ftr-330	1022	68	only	only	ADV
ftr-330	1022	69	42	42	NUM
ftr-330	1022	70	percent	percent	NOUN
ftr-330	1022	71	.	.	PUNCT
ftr-330	1023	1	174	174	NUM
ftr-330	1023	2	florida	florida	PROPN
ftr-330	1023	3	tax	tax	NOUN
ftr-330	1023	4	review	review	NOUN
ftr-330	1024	1	[	[	X
ftr-330	1024	2	vol	vol	NOUN
ftr-330	1024	3	.	.	PUNCT
ftr-330	1024	4	12:3	12:3	NUM
ftr-330	1024	5	recognize	recognize	VERB
ftr-330	1024	6	that	that	SCONJ
ftr-330	1024	7	while	while	SCONJ
ftr-330	1024	8	in	in	ADP
ftr-330	1024	9	form	form	NOUN
ftr-330	1024	10	the	the	DET
ftr-330	1024	11	loss	loss	NOUN
ftr-330	1024	12	corporation	corporation	NOUN
ftr-330	1024	13	acquired	acquire	VERB
ftr-330	1024	14	the	the	DET
ftr-330	1024	15	profitable	profitable	ADJ
ftr-330	1024	16	corporation	corporation	NOUN
ftr-330	1024	17	,	,	PUNCT
ftr-330	1024	18	in	in	ADP
ftr-330	1024	19	substance	substance	NOUN
ftr-330	1024	20	the	the	DET
ftr-330	1024	21	profitable	profitable	ADJ
ftr-330	1024	22	corporation	corporation	NOUN
ftr-330	1024	23	acquired	acquire	VERB
ftr-330	1024	24	the	the	DET
ftr-330	1024	25	loss	loss	NOUN
ftr-330	1024	26	group	group	NOUN
ftr-330	1024	27	and	and	CCONJ
ftr-330	1024	28	treat	treat	VERB
ftr-330	1024	29	this	this	DET
ftr-330	1024	30	transaction	transaction	NOUN
ftr-330	1024	31	as	as	ADP
ftr-330	1024	32	a	a	DET
ftr-330	1024	33	“	"	PUNCT
ftr-330	1024	34	reverse	reverse	ADJ
ftr-330	1024	35	acquisition	acquisition	NOUN
ftr-330	1024	36	”	"	PUNCT
ftr-330	1024	37	to	to	PART
ftr-330	1024	38	deny	deny	VERB
ftr-330	1024	39	the	the	DET
ftr-330	1024	40	net	net	ADJ
ftr-330	1024	41	operating	operating	NOUN
ftr-330	1024	42	loss	loss	NOUN
ftr-330	1024	43	carryover	carryover	NOUN
ftr-330	1024	44	against	against	ADP
ftr-330	1024	45	the	the	DET
ftr-330	1024	46	profits	profit	NOUN
ftr-330	1024	47	of	of	ADP
ftr-330	1024	48	the	the	DET
ftr-330	1024	49	profitable	profitable	ADJ
ftr-330	1024	50	“	"	PUNCT
ftr-330	1024	51	acquired	acquire	VERB
ftr-330	1024	52	corporation	corporation	NOUN
ftr-330	1024	53	.	.	PUNCT
ftr-330	1025	1	”211	”211	PROPN
ftr-330	1025	2	wolter	wolter	PROPN
ftr-330	1025	3	construction	construction	PROPN
ftr-330	1025	4	co.	co.	PROPN
ftr-330	1025	5	,	,	PUNCT
ftr-330	1025	6	inc	inc	PROPN
ftr-330	1025	7	.	.	PROPN
ftr-330	1026	1	v.	v.	PROPN
ftr-330	1026	2	united	united	PROPN
ftr-330	1026	3	states,212	states,212	PROPN
ftr-330	1026	4	upheld	uphold	VERB
ftr-330	1026	5	the	the	DET
ftr-330	1026	6	validity	validity	NOUN
ftr-330	1026	7	of	of	ADP
ftr-330	1026	8	the	the	DET
ftr-330	1026	9	srly	srly	ADJ
ftr-330	1026	10	regulations	regulation	NOUN
ftr-330	1026	11	.	.	PUNCT
ftr-330	1027	1	the	the	DET
ftr-330	1027	2	taxpayer	taxpayer	NOUN
ftr-330	1027	3	argued	argue	VERB
ftr-330	1027	4	that	that	SCONJ
ftr-330	1027	5	the	the	DET
ftr-330	1027	6	common	common	ADJ
ftr-330	1027	7	parent	parent	NOUN
ftr-330	1027	8	exception	exception	NOUN
ftr-330	1027	9	to	to	ADP
ftr-330	1027	10	the	the	DET
ftr-330	1027	11	srly	srly	ADJ
ftr-330	1027	12	limitation	limitation	NOUN
ftr-330	1027	13	and	and	CCONJ
ftr-330	1027	14	the	the	DET
ftr-330	1027	15	reverse	reverse	ADJ
ftr-330	1027	16	acquisition	acquisition	NOUN
ftr-330	1027	17	exception	exception	NOUN
ftr-330	1027	18	to	to	ADP
ftr-330	1027	19	the	the	DET
ftr-330	1027	20	exception	exception	NOUN
ftr-330	1027	21	were	be	AUX
ftr-330	1027	22	intended	intend	VERB
ftr-330	1027	23	to	to	PART
ftr-330	1027	24	insure	insure	VERB
ftr-330	1027	25	that	that	SCONJ
ftr-330	1027	26	loss	loss	NOUN
ftr-330	1027	27	carryovers	carryover	NOUN
ftr-330	1027	28	were	be	AUX
ftr-330	1027	29	available	available	ADJ
ftr-330	1027	30	only	only	ADV
ftr-330	1027	31	to	to	ADP
ftr-330	1027	32	the	the	DET
ftr-330	1027	33	stockholders	stockholder	NOUN
ftr-330	1027	34	who	who	PRON
ftr-330	1027	35	owned	own	VERB
ftr-330	1027	36	the	the	DET
ftr-330	1027	37	corporation	corporation	NOUN
ftr-330	1027	38	when	when	SCONJ
ftr-330	1027	39	the	the	DET
ftr-330	1027	40	losses	loss	NOUN
ftr-330	1027	41	were	be	AUX
ftr-330	1027	42	incurred	incur	VERB
ftr-330	1027	43	,	,	PUNCT
ftr-330	1027	44	and	and	CCONJ
ftr-330	1027	45	that	that	SCONJ
ftr-330	1027	46	this	this	DET
ftr-330	1027	47	policy	policy	NOUN
ftr-330	1027	48	should	should	AUX
ftr-330	1027	49	be	be	AUX
ftr-330	1027	50	applied	apply	VERB
ftr-330	1027	51	to	to	PART
ftr-330	1027	52	allow	allow	VERB
ftr-330	1027	53	use	use	NOUN
ftr-330	1027	54	of	of	ADP
ftr-330	1027	55	losses	loss	NOUN
ftr-330	1027	56	by	by	ADP
ftr-330	1027	57	the	the	DET
ftr-330	1027	58	common	common	ADJ
ftr-330	1027	59	parent	parent	NOUN
ftr-330	1027	60	affiliated	affiliate	VERB
ftr-330	1027	61	with	with	ADP
ftr-330	1027	62	its	its	PRON
ftr-330	1027	63	former	former	ADJ
ftr-330	1027	64	sister	sister	NOUN
ftr-330	1027	65	corporation	corporation	NOUN
ftr-330	1027	66	.	.	PUNCT
ftr-330	1028	1	the	the	DET
ftr-330	1028	2	court	court	NOUN
ftr-330	1028	3	rejected	reject	VERB
ftr-330	1028	4	the	the	DET
ftr-330	1028	5	argument	argument	NOUN
ftr-330	1028	6	and	and	CCONJ
ftr-330	1028	7	described	describe	VERB
ftr-330	1028	8	the	the	DET
ftr-330	1028	9	reverse	reverse	ADJ
ftr-330	1028	10	acquisition	acquisition	NOUN
ftr-330	1028	11	rule	rule	NOUN
ftr-330	1028	12	as	as	SCONJ
ftr-330	1028	13	follows	follow	VERB
ftr-330	1028	14	:	:	PUNCT
ftr-330	1028	15	in	in	ADP
ftr-330	1028	16	a	a	DET
ftr-330	1028	17	typical	typical	ADJ
ftr-330	1028	18	reverse	reverse	ADJ
ftr-330	1028	19	acquisition	acquisition	NOUN
ftr-330	1028	20	in	in	ADP
ftr-330	1028	21	the	the	DET
ftr-330	1028	22	loss	loss	NOUN
ftr-330	1028	23	carryover	carryover	NOUN
ftr-330	1028	24	context	context	NOUN
ftr-330	1028	25	,	,	PUNCT
ftr-330	1028	26	substantially	substantially	ADV
ftr-330	1028	27	all	all	DET
ftr-330	1028	28	the	the	DET
ftr-330	1028	29	assets	asset	NOUN
ftr-330	1028	30	or	or	CCONJ
ftr-330	1028	31	stock	stock	NOUN
ftr-330	1028	32	of	of	ADP
ftr-330	1028	33	a	a	DET
ftr-330	1028	34	profit	profit	NOUN
ftr-330	1028	35	corporation	corporation	NOUN
ftr-330	1028	36	are	be	AUX
ftr-330	1028	37	nominally	nominally	ADV
ftr-330	1028	38	acquired	acquire	VERB
ftr-330	1028	39	by	by	ADP
ftr-330	1028	40	a	a	DET
ftr-330	1028	41	loss	loss	NOUN
ftr-330	1028	42	corporation	corporation	NOUN
ftr-330	1028	43	in	in	ADP
ftr-330	1028	44	exchange	exchange	NOUN
ftr-330	1028	45	for	for	ADP
ftr-330	1028	46	more	more	ADJ
ftr-330	1028	47	than	than	ADP
ftr-330	1028	48	50	50	NUM
ftr-330	1028	49	percent	percent	NOUN
ftr-330	1028	50	of	of	ADP
ftr-330	1028	51	the	the	DET
ftr-330	1028	52	latter	latter	ADJ
ftr-330	1028	53	’s	’s	PART
ftr-330	1028	54	stock	stock	NOUN
ftr-330	1028	55	,	,	PUNCT
ftr-330	1028	56	so	so	SCONJ
ftr-330	1028	57	that	that	SCONJ
ftr-330	1028	58	control	control	NOUN
ftr-330	1028	59	of	of	ADP
ftr-330	1028	60	the	the	DET
ftr-330	1028	61	loss	loss	NOUN
ftr-330	1028	62	corporation	corporation	NOUN
ftr-330	1028	63	has	have	AUX
ftr-330	1028	64	shifted	shift	VERB
ftr-330	1028	65	to	to	ADP
ftr-330	1028	66	the	the	DET
ftr-330	1028	67	stockholders	stockholder	NOUN
ftr-330	1028	68	of	of	ADP
ftr-330	1028	69	the	the	DET
ftr-330	1028	70	profit	profit	NOUN
ftr-330	1028	71	corporation	corporation	NOUN
ftr-330	1028	72	as	as	SCONJ
ftr-330	1028	73	they	they	PRON
ftr-330	1028	74	existed	exist	VERB
ftr-330	1028	75	prior	prior	ADV
ftr-330	1028	76	to	to	ADP
ftr-330	1028	77	the	the	DET
ftr-330	1028	78	acquisition	acquisition	NOUN
ftr-330	1028	79	.	.	PUNCT
ftr-330	1029	1	the	the	DET
ftr-330	1029	2	regulations	regulation	NOUN
ftr-330	1029	3	essentially	essentially	ADV
ftr-330	1029	4	treat	treat	VERB
ftr-330	1029	5	the	the	DET
ftr-330	1029	6	loss	loss	NOUN
ftr-330	1029	7	corporation	corporation	NOUN
ftr-330	1029	8	as	as	ADP
ftr-330	1029	9	having	having	AUX
ftr-330	1029	10	been	be	AUX
ftr-330	1029	11	acquired	acquire	VERB
ftr-330	1029	12	,	,	PUNCT
ftr-330	1029	13	and	and	CCONJ
ftr-330	1029	14	under	under	ADP
ftr-330	1029	15	section	section	NOUN
ftr-330	1029	16	1.1502–1(f)(3	1.1502–1(f)(3	NUM
ftr-330	1029	17	)	)	PUNCT
ftr-330	1029	18	of	of	ADP
ftr-330	1029	19	the	the	DET
ftr-330	1029	20	treasury	treasury	NOUN
ftr-330	1029	21	regulations	regulation	NOUN
ftr-330	1029	22	,	,	PUNCT
ftr-330	1029	23	all	all	DET
ftr-330	1029	24	taxable	taxable	ADJ
ftr-330	1029	25	years	year	NOUN
ftr-330	1029	26	of	of	ADP
ftr-330	1029	27	the	the	DET
ftr-330	1029	28	loss	loss	NOUN
ftr-330	1029	29	corporation	corporation	NOUN
ftr-330	1029	30	prior	prior	ADV
ftr-330	1029	31	to	to	ADP
ftr-330	1029	32	the	the	DET
ftr-330	1029	33	reverse	reverse	ADJ
ftr-330	1029	34	acquisition	acquisition	NOUN
ftr-330	1029	35	are	be	AUX
ftr-330	1029	36	treated	treat	VERB
ftr-330	1029	37	as	as	ADP
ftr-330	1029	38	separate	separate	ADJ
ftr-330	1029	39	return	return	NOUN
ftr-330	1029	40	limitation	limitation	NOUN
ftr-330	1029	41	years	year	NOUN
ftr-330	1029	42	,	,	PUNCT
ftr-330	1029	43	notwithstanding	notwithstanding	ADP
ftr-330	1029	44	its	its	PRON
ftr-330	1029	45	status	status	NOUN
ftr-330	1029	46	as	as	ADP
ftr-330	1029	47	the	the	DET
ftr-330	1029	48	common	common	ADJ
ftr-330	1029	49	parent	parent	NOUN
ftr-330	1029	50	corporation	corporation	NOUN
ftr-330	1029	51	of	of	ADP
ftr-330	1029	52	the	the	DET
ftr-330	1029	53	new	new	ADJ
ftr-330	1029	54	affiliated	affiliated	ADJ
ftr-330	1029	55	group	group	NOUN
ftr-330	1029	56	consisting	consist	VERB
ftr-330	1029	57	of	of	ADP
ftr-330	1029	58	it	it	PRON
ftr-330	1029	59	and	and	CCONJ
ftr-330	1029	60	the	the	DET
ftr-330	1029	61	profit	profit	NOUN
ftr-330	1029	62	corporation	corporation	NOUN
ftr-330	1029	63	.	.	PUNCT
ftr-330	1030	1	conversely	conversely	ADV
ftr-330	1030	2	,	,	PUNCT
ftr-330	1030	3	the	the	DET
ftr-330	1030	4	separate	separate	ADJ
ftr-330	1030	5	return	return	NOUN
ftr-330	1030	6	years	year	NOUN
ftr-330	1030	7	of	of	ADP
ftr-330	1030	8	the	the	DET
ftr-330	1030	9	profit	profit	NOUN
ftr-330	1030	10	corporation	corporation	NOUN
ftr-330	1030	11	prior	prior	ADV
ftr-330	1030	12	to	to	ADP
ftr-330	1030	13	the	the	DET
ftr-330	1030	14	acquisition	acquisition	NOUN
ftr-330	1030	15	are	be	AUX
ftr-330	1030	16	not	not	PART
ftr-330	1030	17	treated	treat	VERB
ftr-330	1030	18	,	,	PUNCT
ftr-330	1030	19	in	in	ADP
ftr-330	1030	20	general	general	ADJ
ftr-330	1030	21	,	,	PUNCT
ftr-330	1030	22	as	as	ADP
ftr-330	1030	23	the	the	DET
ftr-330	1030	24	separate	separate	ADJ
ftr-330	1030	25	return	return	NOUN
ftr-330	1030	26	limitation	limitation	NOUN
ftr-330	1030	27	years	year	NOUN
ftr-330	1030	28	.	.	PUNCT
ftr-330	1031	1	accordingly	accordingly	ADV
ftr-330	1031	2	,	,	PUNCT
ftr-330	1031	3	the	the	DET
ftr-330	1031	4	net	net	ADJ
ftr-330	1031	5	operating	operating	NOUN
ftr-330	1031	6	losses	loss	NOUN
ftr-330	1031	7	sustained	sustain	VERB
ftr-330	1031	8	by	by	ADP
ftr-330	1031	9	the	the	DET
ftr-330	1031	10	loss	loss	NOUN
ftr-330	1031	11	corporation	corporation	NOUN
ftr-330	1031	12	,	,	PUNCT
ftr-330	1031	13	but	but	CCONJ
ftr-330	1031	14	not	not	PART
ftr-330	1031	15	the	the	DET
ftr-330	1031	16	profit	profit	NOUN
ftr-330	1031	17	corporation	corporation	NOUN
ftr-330	1031	18	,	,	PUNCT
ftr-330	1031	19	in	in	ADP
ftr-330	1031	20	its	its	PRON
ftr-330	1031	21	separate	separate	ADJ
ftr-330	1031	22	return	return	NOUN
ftr-330	1031	23	years	year	NOUN
ftr-330	1031	24	are	be	AUX
ftr-330	1031	25	subject	subject	ADJ
ftr-330	1031	26	to	to	ADP
ftr-330	1031	27	the	the	DET
ftr-330	1031	28	carryover	carryover	NOUN
ftr-330	1031	29	limitation	limitation	NOUN
ftr-330	1031	30	contained	contain	VERB
ftr-330	1031	31	in	in	ADP
ftr-330	1031	32	section	section	NOUN
ftr-330	1031	33	1.1502–21(c	1.1502–21(c	NUM
ftr-330	1031	34	)	)	PUNCT
ftr-330	1031	35	.	.	PUNCT
ftr-330	1032	1	the	the	DET
ftr-330	1032	2	purpose	purpose	NOUN
ftr-330	1032	3	and	and	CCONJ
ftr-330	1032	4	effect	effect	NOUN
ftr-330	1032	5	of	of	ADP
ftr-330	1032	6	the	the	DET
ftr-330	1032	7	reverse	reverse	ADJ
ftr-330	1032	8	acquisition	acquisition	NOUN
ftr-330	1032	9	rules	rule	NOUN
ftr-330	1032	10	is	be	AUX
ftr-330	1032	11	to	to	PART
ftr-330	1032	12	prevent	prevent	VERB
ftr-330	1032	13	trafficking	trafficking	NOUN
ftr-330	1032	14	in	in	ADP
ftr-330	1032	15	loss	loss	NOUN
ftr-330	1032	16	corporations	corporation	NOUN
ftr-330	1032	17	.	.	PUNCT
ftr-330	1033	1	this	this	PRON
ftr-330	1033	2	is	be	AUX
ftr-330	1033	3	accomplished	accomplish	VERB
ftr-330	1033	4	by	by	ADP
ftr-330	1033	5	redirecting	redirect	VERB
ftr-330	1033	6	the	the	DET
ftr-330	1033	7	srly	srly	ADJ
ftr-330	1033	8	limitation	limitation	NOUN
ftr-330	1033	9	to	to	ADP
ftr-330	1033	10	the	the	DET
ftr-330	1033	11	ostensibly	ostensibly	ADV
ftr-330	1033	12	acquiring	acquire	VERB
ftr-330	1033	13	corporation	corporation	NOUN
ftr-330	1033	14	.	.	PUNCT
ftr-330	1034	1	this	this	PRON
ftr-330	1034	2	“	"	PUNCT
ftr-330	1034	3	simple	simple	ADJ
ftr-330	1034	4	technical	technical	ADJ
ftr-330	1034	5	rule	rule	NOUN
ftr-330	1034	6	thwarts	thwart	VERB
ftr-330	1034	7	the	the	DET
ftr-330	1034	8	attempts	attempt	NOUN
ftr-330	1034	9	of	of	ADP
ftr-330	1034	10	those	those	PRON
ftr-330	1034	11	who	who	PRON
ftr-330	1034	12	would	would	AUX
ftr-330	1034	13	seek	seek	VERB
ftr-330	1034	14	to	to	PART
ftr-330	1034	15	present	present	VERB
ftr-330	1034	16	that	that	SCONJ
ftr-330	1034	17	the	the	DET
ftr-330	1034	18	ailing	ailing	NOUN
ftr-330	1034	19	david	david	PROPN
ftr-330	1034	20	is	be	AUX
ftr-330	1034	21	trying	try	VERB
ftr-330	1034	22	to	to	PART
ftr-330	1034	23	improve	improve	VERB
ftr-330	1034	24	its	its	PRON
ftr-330	1034	25	financial	financial	ADJ
ftr-330	1034	26	strength	strength	NOUN
ftr-330	1034	27	by	by	ADP
ftr-330	1034	28	211	211	NUM
ftr-330	1034	29	.	.	PUNCT
ftr-330	1035	1	regs	reg	NOUN
ftr-330	1035	2	.	.	PUNCT
ftr-330	1036	1	§	§	PROPN
ftr-330	1036	2	§	§	PROPN
ftr-330	1036	3	1.1502–1(f)(3	1.1502–1(f)(3	NUM
ftr-330	1036	4	)	)	PUNCT
ftr-330	1036	5	and	and	CCONJ
ftr-330	1036	6	1.1502–75(d)(3	1.1502–75(d)(3	NUM
ftr-330	1036	7	)	)	PUNCT
ftr-330	1036	8	.	.	PUNCT
ftr-330	1037	1	212	212	NUM
ftr-330	1037	2	.	.	PUNCT
ftr-330	1038	1	634	634	NUM
ftr-330	1038	2	f.2d	f.2d	NOUN
ftr-330	1038	3	1029	1029	NUM
ftr-330	1038	4	(	(	PUNCT
ftr-330	1038	5	6th	6th	ADJ
ftr-330	1038	6	cir	cir	NOUN
ftr-330	1038	7	.	.	PUNCT
ftr-330	1038	8	1980	1980	NUM
ftr-330	1038	9	)	)	PUNCT
ftr-330	1038	10	.	.	PUNCT
ftr-330	1039	1	2012	2012	NUM
ftr-330	1039	2	]	]	PUNCT
ftr-330	1039	3	understanding	understand	VERB
ftr-330	1039	4	consolidated	consolidated	ADJ
ftr-330	1039	5	returns	return	NOUN
ftr-330	1039	6	175	175	NUM
ftr-330	1039	7	drawing	draw	VERB
ftr-330	1039	8	on	on	ADP
ftr-330	1039	9	the	the	DET
ftr-330	1039	10	earning	earn	VERB
ftr-330	1039	11	power	power	NOUN
ftr-330	1039	12	of	of	ADP
ftr-330	1039	13	goliath	goliath	NOUN
ftr-330	1039	14	.	.	PUNCT
ftr-330	1039	15	”	"	PUNCT
ftr-330	1040	1	gans	gan	NOUN
ftr-330	1040	2	[	[	PUNCT
ftr-330	1040	3	a	a	DET
ftr-330	1040	4	practical	practical	ADJ
ftr-330	1040	5	guide	guide	NOUN
ftr-330	1040	6	to	to	ADP
ftr-330	1040	7	consolidated	consolidated	ADJ
ftr-330	1040	8	returns	return	NOUN
ftr-330	1040	9	(	(	PUNCT
ftr-330	1040	10	1976	1976	NUM
ftr-330	1040	11	)	)	PUNCT
ftr-330	1040	12	]	]	PUNCT
ftr-330	1040	13	,	,	PUNCT
ftr-330	1040	14	at	at	ADP
ftr-330	1040	15	828.2.213	828.2.213	NUM
ftr-330	1040	16	3	3	NUM
ftr-330	1040	17	.	.	PUNCT
ftr-330	1040	18	built	build	VERB
ftr-330	1040	19	-	-	PUNCT
ftr-330	1040	20	in	in	ADP
ftr-330	1040	21	deductions	deduction	NOUN
ftr-330	1040	22	if	if	SCONJ
ftr-330	1040	23	losses	loss	NOUN
ftr-330	1040	24	are	be	AUX
ftr-330	1040	25	economically	economically	ADV
ftr-330	1040	26	incurred	incur	VERB
ftr-330	1040	27	in	in	ADP
ftr-330	1040	28	a	a	DET
ftr-330	1040	29	prior	prior	ADJ
ftr-330	1040	30	separate	separate	ADJ
ftr-330	1040	31	return	return	NOUN
ftr-330	1040	32	year	year	NOUN
ftr-330	1040	33	but	but	CCONJ
ftr-330	1040	34	recognized	recognize	VERB
ftr-330	1040	35	for	for	ADP
ftr-330	1040	36	tax	tax	NOUN
ftr-330	1040	37	purposes	purpose	NOUN
ftr-330	1040	38	in	in	ADP
ftr-330	1040	39	a	a	DET
ftr-330	1040	40	consolidated	consolidated	ADJ
ftr-330	1040	41	year	year	NOUN
ftr-330	1040	42	,	,	PUNCT
ftr-330	1040	43	the	the	DET
ftr-330	1040	44	losses	loss	NOUN
ftr-330	1040	45	are	be	AUX
ftr-330	1040	46	treated	treat	VERB
ftr-330	1040	47	as	as	ADP
ftr-330	1040	48	arising	arise	VERB
ftr-330	1040	49	in	in	ADP
ftr-330	1040	50	a	a	DET
ftr-330	1040	51	separate	separate	ADJ
ftr-330	1040	52	return	return	NOUN
ftr-330	1040	53	limitation	limitation	NOUN
ftr-330	1040	54	year	year	NOUN
ftr-330	1040	55	and	and	CCONJ
ftr-330	1040	56	thus	thus	ADV
ftr-330	1040	57	may	may	AUX
ftr-330	1040	58	not	not	PART
ftr-330	1040	59	be	be	AUX
ftr-330	1040	60	applied	apply	VERB
ftr-330	1040	61	against	against	ADP
ftr-330	1040	62	consolidated	consolidated	ADJ
ftr-330	1040	63	income	income	NOUN
ftr-330	1040	64	but	but	CCONJ
ftr-330	1040	65	may	may	AUX
ftr-330	1040	66	be	be	AUX
ftr-330	1040	67	used	use	VERB
ftr-330	1040	68	only	only	ADV
ftr-330	1040	69	to	to	PART
ftr-330	1040	70	offset	offset	VERB
ftr-330	1040	71	the	the	DET
ftr-330	1040	72	income	income	NOUN
ftr-330	1040	73	of	of	ADP
ftr-330	1040	74	the	the	DET
ftr-330	1040	75	corporation	corporation	NOUN
ftr-330	1040	76	which	which	PRON
ftr-330	1040	77	realized	realize	VERB
ftr-330	1040	78	the	the	DET
ftr-330	1040	79	loss.214	loss.214	PROPN
ftr-330	1040	80	net	net	NOUN
ftr-330	1040	81	unrealized	unrealize	VERB
ftr-330	1040	82	built	build	VERB
ftr-330	1040	83	-	-	PUNCT
ftr-330	1040	84	in	in	ADP
ftr-330	1040	85	losses	loss	NOUN
ftr-330	1040	86	are	be	AUX
ftr-330	1040	87	thus	thus	ADV
ftr-330	1040	88	subject	subject	ADJ
ftr-330	1040	89	to	to	ADP
ftr-330	1040	90	the	the	DET
ftr-330	1040	91	srly	srly	ADJ
ftr-330	1040	92	limitations	limitation	NOUN
ftr-330	1040	93	.	.	PUNCT
ftr-330	1041	1	the	the	DET
ftr-330	1041	2	regulations	regulation	NOUN
ftr-330	1041	3	adopt	adopt	VERB
ftr-330	1041	4	the	the	DET
ftr-330	1041	5	definitions	definition	NOUN
ftr-330	1041	6	of	of	ADP
ftr-330	1041	7	built	build	VERB
ftr-330	1041	8	-	-	PUNCT
ftr-330	1041	9	in	in	ADP
ftr-330	1041	10	loss	loss	NOUN
ftr-330	1041	11	contained	contain	VERB
ftr-330	1041	12	in	in	ADP
ftr-330	1041	13	section	section	NOUN
ftr-330	1041	14	382(h)(3	382(h)(3	NUM
ftr-330	1041	15	)	)	PUNCT
ftr-330	1041	16	,	,	PUNCT
ftr-330	1041	17	which	which	PRON
ftr-330	1041	18	refers	refer	VERB
ftr-330	1041	19	to	to	ADP
ftr-330	1041	20	the	the	DET
ftr-330	1041	21	excess	excess	NOUN
ftr-330	1041	22	of	of	ADP
ftr-330	1041	23	adjusted	adjusted	ADJ
ftr-330	1041	24	basis	basis	NOUN
ftr-330	1041	25	of	of	ADP
ftr-330	1041	26	assets	asset	NOUN
ftr-330	1041	27	over	over	ADP
ftr-330	1041	28	their	their	PRON
ftr-330	1041	29	fair	fair	ADJ
ftr-330	1041	30	market	market	NOUN
ftr-330	1041	31	value.215	value.215	VERB
ftr-330	1041	32	the	the	DET
ftr-330	1041	33	srly	srly	ADJ
ftr-330	1041	34	limitation	limitation	NOUN
ftr-330	1041	35	applies	apply	VERB
ftr-330	1041	36	to	to	ADP
ftr-330	1041	37	the	the	DET
ftr-330	1041	38	recognition	recognition	NOUN
ftr-330	1041	39	of	of	ADP
ftr-330	1041	40	“	"	PUNCT
ftr-330	1041	41	net	net	ADJ
ftr-330	1041	42	unrealized	unrealize	VERB
ftr-330	1041	43	built	build	VERB
ftr-330	1041	44	-	-	PUNCT
ftr-330	1041	45	in	in	ADP
ftr-330	1041	46	losses	loss	NOUN
ftr-330	1041	47	”	"	PUNCT
ftr-330	1041	48	of	of	ADP
ftr-330	1041	49	a	a	DET
ftr-330	1041	50	new	new	ADJ
ftr-330	1041	51	member	member	NOUN
ftr-330	1041	52	of	of	ADP
ftr-330	1041	53	a	a	DET
ftr-330	1041	54	consolidated	consolidated	ADJ
ftr-330	1041	55	group	group	NOUN
ftr-330	1041	56	(	(	PUNCT
ftr-330	1041	57	as	as	SCONJ
ftr-330	1041	58	determined	determine	VERB
ftr-330	1041	59	under	under	ADP
ftr-330	1041	60	section	section	NOUN
ftr-330	1041	61	382(h)(3	382(h)(3	NUM
ftr-330	1041	62	)	)	PUNCT
ftr-330	1041	63	)	)	PUNCT
ftr-330	1041	64	but	but	CCONJ
ftr-330	1041	65	only	only	ADV
ftr-330	1041	66	during	during	ADP
ftr-330	1041	67	a	a	DET
ftr-330	1041	68	five	five	NUM
ftr-330	1041	69	year	year	NOUN
ftr-330	1041	70	recognition	recognition	NOUN
ftr-330	1041	71	period	period	NOUN
ftr-330	1041	72	after	after	SCONJ
ftr-330	1041	73	the	the	DET
ftr-330	1041	74	new	new	ADJ
ftr-330	1041	75	member	member	NOUN
ftr-330	1041	76	joins	join	VERB
ftr-330	1041	77	the	the	DET
ftr-330	1041	78	group.216	group.216	NOUN
ftr-330	1041	79	however	however	ADV
ftr-330	1041	80	,	,	PUNCT
ftr-330	1041	81	the	the	DET
ftr-330	1041	82	srly	srly	ADJ
ftr-330	1041	83	limitation	limitation	NOUN
ftr-330	1041	84	on	on	ADP
ftr-330	1041	85	built	build	VERB
ftr-330	1041	86	-	-	PUNCT
ftr-330	1041	87	in	in	ADP
ftr-330	1041	88	-	-	PUNCT
ftr-330	1041	89	loss	loss	NOUN
ftr-330	1041	90	does	do	AUX
ftr-330	1041	91	not	not	PART
ftr-330	1041	92	apply	apply	VERB
ftr-330	1041	93	if	if	SCONJ
ftr-330	1041	94	the	the	DET
ftr-330	1041	95	losses	loss	NOUN
ftr-330	1041	96	are	be	AUX
ftr-330	1041	97	also	also	ADV
ftr-330	1041	98	subject	subject	ADJ
ftr-330	1041	99	to	to	ADP
ftr-330	1041	100	the	the	DET
ftr-330	1041	101	built	build	VERB
ftr-330	1041	102	-	-	PUNCT
ftr-330	1041	103	in	in	ADP
ftr-330	1041	104	-	-	PUNCT
ftr-330	1041	105	loss	loss	NOUN
ftr-330	1041	106	limitation	limitation	NOUN
ftr-330	1041	107	of	of	ADP
ftr-330	1041	108	section	section	NOUN
ftr-330	1041	109	382.217	382.217	NUM
ftr-330	1041	110	4	4	NUM
ftr-330	1041	111	.	.	PUNCT
ftr-330	1041	112	post	post	NOUN
ftr-330	1041	113	acquisition	acquisition	NOUN
ftr-330	1041	114	losses	loss	NOUN
ftr-330	1041	115	of	of	ADP
ftr-330	1041	116	an	an	DET
ftr-330	1041	117	acquired	acquire	VERB
ftr-330	1041	118	member	member	NOUN
ftr-330	1041	119	consolidated	consolidate	VERB
ftr-330	1041	120	net	net	ADJ
ftr-330	1041	121	operating	operating	NOUN
ftr-330	1041	122	losses	loss	NOUN
ftr-330	1041	123	of	of	ADP
ftr-330	1041	124	the	the	DET
ftr-330	1041	125	group	group	NOUN
ftr-330	1041	126	are	be	AUX
ftr-330	1041	127	subject	subject	ADJ
ftr-330	1041	128	to	to	ADP
ftr-330	1041	129	being	be	AUX
ftr-330	1041	130	carried	carry	VERB
ftr-330	1041	131	back	back	ADV
ftr-330	1041	132	and	and	CCONJ
ftr-330	1041	133	carried	carry	VERB
ftr-330	1041	134	forward	forward	ADV
ftr-330	1041	135	the	the	PRON
ftr-330	1041	136	under	under	ADP
ftr-330	1041	137	the	the	DET
ftr-330	1041	138	general	general	ADJ
ftr-330	1041	139	principles	principle	NOUN
ftr-330	1041	140	of	of	ADP
ftr-330	1041	141	section	section	NOUN
ftr-330	1041	142	172(b)(two	172(b)(two	NUM
ftr-330	1041	143	year	year	NOUN
ftr-330	1041	144	carryback	carryback	NOUN
ftr-330	1041	145	and	and	CCONJ
ftr-330	1041	146	twenty	twenty	NUM
ftr-330	1041	147	year	year	NOUN
ftr-330	1041	148	carryforward).218	carryforward).218	NOUN
ftr-330	1041	149	however	however	ADV
ftr-330	1041	150	,	,	PUNCT
ftr-330	1041	151	the	the	DET
ftr-330	1041	152	consolidated	consolidated	ADJ
ftr-330	1041	153	net	net	ADJ
ftr-330	1041	154	operating	operating	NOUN
ftr-330	1041	155	loss	loss	NOUN
ftr-330	1041	156	does	do	AUX
ftr-330	1041	157	not	not	PART
ftr-330	1041	158	include	include	VERB
ftr-330	1041	159	losses	loss	NOUN
ftr-330	1041	160	apportioned	apportion	VERB
ftr-330	1041	161	under	under	ADP
ftr-330	1041	162	to	to	ADP
ftr-330	1041	163	a	a	DET
ftr-330	1041	164	separate	separate	ADJ
ftr-330	1041	165	return	return	NOUN
ftr-330	1041	166	year	year	NOUN
ftr-330	1041	167	of	of	ADP
ftr-330	1041	168	a	a	DET
ftr-330	1041	169	member	member	NOUN
ftr-330	1041	170	of	of	ADP
ftr-330	1041	171	the	the	DET
ftr-330	1041	172	consolidated	consolidated	ADJ
ftr-330	1041	173	group.219	group.219	PROPN
ftr-330	1041	174	in	in	ADP
ftr-330	1041	175	amorient	amorient	PROPN
ftr-330	1041	176	,	,	PUNCT
ftr-330	1041	177	inc	inc	PROPN
ftr-330	1041	178	.	.	PROPN
ftr-330	1042	1	v.	v.	PROPN
ftr-330	1043	1	commissioner,220	commissioner,220	VERB
ftr-330	1043	2	the	the	DET
ftr-330	1043	3	taxpayer	taxpayer	NOUN
ftr-330	1043	4	incurred	incur	VERB
ftr-330	1043	5	a	a	DET
ftr-330	1043	6	consolidated	consolidated	ADJ
ftr-330	1043	7	net	net	ADJ
ftr-330	1043	8	operating	operating	NOUN
ftr-330	1043	9	loss	loss	NOUN
ftr-330	1043	10	that	that	PRON
ftr-330	1043	11	was	be	AUX
ftr-330	1043	12	allocable	allocable	ADJ
ftr-330	1043	13	in	in	ADP
ftr-330	1043	14	part	part	NOUN
ftr-330	1043	15	to	to	PART
ftr-330	1043	16	separate	separate	VERB
ftr-330	1043	17	return	return	NOUN
ftr-330	1043	18	years	year	NOUN
ftr-330	1043	19	of	of	ADP
ftr-330	1043	20	a	a	DET
ftr-330	1043	21	corporation	corporation	NOUN
ftr-330	1043	22	that	that	PRON
ftr-330	1043	23	had	have	AUX
ftr-330	1043	24	been	be	AUX
ftr-330	1043	25	a	a	DET
ftr-330	1043	26	subchapter	subchapter	NOUN
ftr-330	1043	27	s	s	PART
ftr-330	1043	28	corporation	corporation	NOUN
ftr-330	1043	29	prior	prior	ADV
ftr-330	1043	30	to	to	ADP
ftr-330	1043	31	acquisition	acquisition	NOUN
ftr-330	1043	32	by	by	ADP
ftr-330	1043	33	the	the	DET
ftr-330	1043	34	consolidated	consolidated	ADJ
ftr-330	1043	35	group	group	NOUN
ftr-330	1043	36	.	.	PUNCT
ftr-330	1044	1	the	the	DET
ftr-330	1044	2	tax	tax	NOUN
ftr-330	1044	3	court	court	NOUN
ftr-330	1044	4	held	hold	VERB
ftr-330	1044	5	that	that	SCONJ
ftr-330	1044	6	the	the	DET
ftr-330	1044	7	portion	portion	NOUN
ftr-330	1044	8	of	of	ADP
ftr-330	1044	9	the	the	DET
ftr-330	1044	10	taxpayer	taxpayer	NOUN
ftr-330	1044	11	’s	’s	PART
ftr-330	1044	12	consolidated	consolidate	VERB
ftr-330	1044	13	net	net	ADJ
ftr-330	1044	14	operating	operating	NOUN
ftr-330	1044	15	loss	loss	NOUN
ftr-330	1044	16	allocable	allocable	ADJ
ftr-330	1044	17	to	to	PART
ftr-330	1044	18	separate	separate	VERB
ftr-330	1044	19	return	return	NOUN
ftr-330	1044	20	years	year	NOUN
ftr-330	1044	21	of	of	ADP
ftr-330	1044	22	the	the	DET
ftr-330	1044	23	former	former	ADJ
ftr-330	1044	24	s	s	PART
ftr-330	1044	25	corporation	corporation	NOUN
ftr-330	1044	26	was	be	AUX
ftr-330	1044	27	to	to	PART
ftr-330	1044	28	be	be	AUX
ftr-330	1044	29	carried	carry	VERB
ftr-330	1044	30	back	back	ADV
ftr-330	1044	31	to	to	ADP
ftr-330	1044	32	the	the	DET
ftr-330	1044	33	s	s	PART
ftr-330	1044	34	corporation	corporation	NOUN
ftr-330	1044	35	’s	’s	PART
ftr-330	1044	36	separate	separate	ADJ
ftr-330	1044	37	return	return	NOUN
ftr-330	1044	38	year	year	NOUN
ftr-330	1044	39	even	even	ADV
ftr-330	1044	40	though	though	SCONJ
ftr-330	1044	41	deduction	deduction	NOUN
ftr-330	1044	42	of	of	ADP
ftr-330	1044	43	net	net	ADJ
ftr-330	1044	44	operating	operating	NOUN
ftr-330	1044	45	losses	loss	NOUN
ftr-330	1044	46	by	by	ADP
ftr-330	1044	47	an	an	DET
ftr-330	1044	48	s	s	NOUN
ftr-330	1044	49	corporation	corporation	NOUN
ftr-330	1044	50	is	be	AUX
ftr-330	1044	51	barred	bar	VERB
ftr-330	1044	52	by	by	ADP
ftr-330	1044	53	213	213	NUM
ftr-330	1044	54	.	.	PUNCT
ftr-330	1045	1	i	i	PRON
ftr-330	1045	2	d.	d.	PROPN
ftr-330	1045	3	at	at	ADP
ftr-330	1045	4	1035	1035	NUM
ftr-330	1045	5	-	-	SYM
ftr-330	1045	6	36	36	NUM
ftr-330	1045	7	.	.	PUNCT
ftr-330	1046	1	214	214	NUM
ftr-330	1046	2	.	.	PUNCT
ftr-330	1047	1	reg	reg	NOUN
ftr-330	1047	2	.	.	PUNCT
ftr-330	1048	1	§	§	PROPN
ftr-330	1048	2	1.1502–15	1.1502–15	NUM
ftr-330	1048	3	.	.	PUNCT
ftr-330	1048	4	215	215	NUM
ftr-330	1048	5	.	.	PUNCT
ftr-330	1048	6	built	build	VERB
ftr-330	1048	7	-	-	PUNCT
ftr-330	1048	8	in	in	ADP
ftr-330	1048	9	loss	loss	NOUN
ftr-330	1048	10	under	under	ADP
ftr-330	1048	11	section	section	NOUN
ftr-330	1048	12	382(h	382(h	PROPN
ftr-330	1048	13	)	)	PUNCT
ftr-330	1048	14	includes	include	VERB
ftr-330	1048	15	deduction	deduction	NOUN
ftr-330	1048	16	items	item	NOUN
ftr-330	1048	17	that	that	PRON
ftr-330	1048	18	are	be	AUX
ftr-330	1048	19	attributable	attributable	ADJ
ftr-330	1048	20	to	to	ADP
ftr-330	1048	21	a	a	DET
ftr-330	1048	22	srly	srly	NOUN
ftr-330	1048	23	but	but	CCONJ
ftr-330	1048	24	which	which	PRON
ftr-330	1048	25	are	be	AUX
ftr-330	1048	26	accounted	account	VERB
ftr-330	1048	27	for	for	ADP
ftr-330	1048	28	in	in	ADP
ftr-330	1048	29	a	a	DET
ftr-330	1048	30	consolidated	consolidated	ADJ
ftr-330	1048	31	return	return	NOUN
ftr-330	1048	32	year	year	NOUN
ftr-330	1048	33	.	.	PUNCT
ftr-330	1049	1	i.r.c	i.r.c	NOUN
ftr-330	1049	2	.	.	PUNCT
ftr-330	1050	1	§	§	PROPN
ftr-330	1050	2	382(h)(6)(b	382(h)(6)(b	PROPN
ftr-330	1050	3	)	)	PUNCT
ftr-330	1050	4	.	.	PUNCT
ftr-330	1051	1	216	216	NUM
ftr-330	1051	2	.	.	PUNCT
ftr-330	1052	1	reg	reg	NOUN
ftr-330	1052	2	.	.	PUNCT
ftr-330	1053	1	§	§	PROPN
ftr-330	1053	2	1.1502–15	1.1502–15	NUM
ftr-330	1053	3	.	.	PROPN
ftr-330	1053	4	217	217	NUM
ftr-330	1053	5	.	.	PUNCT
ftr-330	1054	1	reg	reg	NOUN
ftr-330	1054	2	.	.	PUNCT
ftr-330	1055	1	§	§	PROPN
ftr-330	1055	2	1.1502–15(g	1.1502–15(g	NUM
ftr-330	1055	3	)	)	PUNCT
ftr-330	1055	4	.	.	PUNCT
ftr-330	1056	1	218	218	NUM
ftr-330	1056	2	.	.	PUNCT
ftr-330	1057	1	reg	reg	NOUN
ftr-330	1057	2	.	.	PUNCT
ftr-330	1058	1	§	§	PROPN
ftr-330	1058	2	1.1502–21(b)(1	1.1502–21(b)(1	NUM
ftr-330	1058	3	)	)	PUNCT
ftr-330	1058	4	.	.	PUNCT
ftr-330	1059	1	219	219	NUM
ftr-330	1059	2	.	.	PUNCT
ftr-330	1060	1	reg	reg	NOUN
ftr-330	1060	2	.	.	PUNCT
ftr-330	1061	1	§	§	PROPN
ftr-330	1061	2	1.1502–21(b)(2	1.1502–21(b)(2	NUM
ftr-330	1061	3	)	)	PUNCT
ftr-330	1061	4	.	.	PUNCT
ftr-330	1062	1	220	220	NUM
ftr-330	1062	2	.	.	NOUN
ftr-330	1062	3	103	103	NUM
ftr-330	1062	4	t.c	t.c	PROPN
ftr-330	1062	5	.	.	PROPN
ftr-330	1062	6	161	161	NUM
ftr-330	1062	7	(	(	PUNCT
ftr-330	1062	8	1994	1994	NUM
ftr-330	1062	9	)	)	PUNCT
ftr-330	1062	10	.	.	PUNCT
ftr-330	1063	1	176	176	NUM
ftr-330	1063	2	florida	florida	PROPN
ftr-330	1063	3	tax	tax	NOUN
ftr-330	1063	4	review	review	NOUN
ftr-330	1064	1	[	[	X
ftr-330	1064	2	vol	vol	NOUN
ftr-330	1064	3	.	.	PUNCT
ftr-330	1065	1	12:3	12:3	NUM
ftr-330	1065	2	section	section	NOUN
ftr-330	1065	3	1373(d	1373(d	NUM
ftr-330	1065	4	)	)	PUNCT
ftr-330	1065	5	.	.	PUNCT
ftr-330	1066	1	the	the	DET
ftr-330	1066	2	tax	tax	NOUN
ftr-330	1066	3	court	court	NOUN
ftr-330	1066	4	justified	justify	VERB
ftr-330	1066	5	its	its	PRON
ftr-330	1066	6	result	result	NOUN
ftr-330	1066	7	in	in	ADP
ftr-330	1066	8	part	part	NOUN
ftr-330	1066	9	on	on	ADP
ftr-330	1066	10	its	its	PRON
ftr-330	1066	11	conclusion	conclusion	NOUN
ftr-330	1066	12	that	that	SCONJ
ftr-330	1066	13	losses	loss	NOUN
ftr-330	1066	14	that	that	PRON
ftr-330	1066	15	are	be	AUX
ftr-330	1066	16	not	not	PART
ftr-330	1066	17	deductible	deductible	ADJ
ftr-330	1066	18	in	in	ADP
ftr-330	1066	19	carryback	carryback	ADJ
ftr-330	1066	20	separate	separate	ADJ
ftr-330	1066	21	return	return	NOUN
ftr-330	1066	22	years	year	NOUN
ftr-330	1066	23	of	of	ADP
ftr-330	1066	24	the	the	DET
ftr-330	1066	25	s	s	PART
ftr-330	1066	26	corporation	corporation	NOUN
ftr-330	1066	27	are	be	AUX
ftr-330	1066	28	to	to	PART
ftr-330	1066	29	be	be	AUX
ftr-330	1066	30	carried	carry	VERB
ftr-330	1066	31	forward	forward	ADV
ftr-330	1066	32	to	to	ADP
ftr-330	1066	33	a	a	DET
ftr-330	1066	34	year	year	NOUN
ftr-330	1066	35	when	when	SCONJ
ftr-330	1066	36	either	either	CCONJ
ftr-330	1066	37	the	the	DET
ftr-330	1066	38	former	former	ADJ
ftr-330	1066	39	s	s	PART
ftr-330	1066	40	corporation	corporation	NOUN
ftr-330	1066	41	or	or	CCONJ
ftr-330	1066	42	the	the	DET
ftr-330	1066	43	consolidated	consolidated	ADJ
ftr-330	1066	44	group	group	NOUN
ftr-330	1066	45	can	can	AUX
ftr-330	1066	46	utilize	utilize	VERB
ftr-330	1066	47	the	the	DET
ftr-330	1066	48	loss	loss	NOUN
ftr-330	1066	49	.	.	PUNCT
ftr-330	1067	1	the	the	DET
ftr-330	1067	2	regulations	regulation	NOUN
ftr-330	1067	3	partially	partially	ADV
ftr-330	1067	4	addresses	address	VERB
ftr-330	1067	5	the	the	DET
ftr-330	1067	6	issues	issue	NOUN
ftr-330	1067	7	raised	raise	VERB
ftr-330	1067	8	in	in	ADP
ftr-330	1067	9	amorient	amorient	NOUN
ftr-330	1067	10	by	by	ADP
ftr-330	1067	11	providing	provide	VERB
ftr-330	1067	12	that	that	SCONJ
ftr-330	1067	13	the	the	DET
ftr-330	1067	14	portion	portion	NOUN
ftr-330	1067	15	of	of	ADP
ftr-330	1067	16	a	a	DET
ftr-330	1067	17	consolidated	consolidated	ADJ
ftr-330	1067	18	net	net	ADJ
ftr-330	1067	19	operating	operating	NOUN
ftr-330	1067	20	loss	loss	NOUN
ftr-330	1067	21	that	that	PRON
ftr-330	1067	22	is	be	AUX
ftr-330	1067	23	apportioned	apportion	VERB
ftr-330	1067	24	to	to	ADP
ftr-330	1067	25	a	a	DET
ftr-330	1067	26	member	member	NOUN
ftr-330	1067	27	and	and	CCONJ
ftr-330	1067	28	carried	carry	VERB
ftr-330	1067	29	back	back	ADV
ftr-330	1067	30	to	to	ADP
ftr-330	1067	31	a	a	DET
ftr-330	1067	32	separate	separate	ADJ
ftr-330	1067	33	return	return	NOUN
ftr-330	1067	34	year	year	NOUN
ftr-330	1067	35	of	of	ADP
ftr-330	1067	36	the	the	DET
ftr-330	1067	37	member	member	NOUN
ftr-330	1067	38	may	may	AUX
ftr-330	1067	39	not	not	PART
ftr-330	1067	40	be	be	AUX
ftr-330	1067	41	carried	carry	VERB
ftr-330	1067	42	back	back	ADV
ftr-330	1067	43	to	to	ADP
ftr-330	1067	44	an	an	DET
ftr-330	1067	45	equivalent	equivalent	ADJ
ftr-330	1067	46	or	or	CCONJ
ftr-330	1067	47	earlier	early	ADJ
ftr-330	1067	48	year	year	NOUN
ftr-330	1067	49	of	of	ADP
ftr-330	1067	50	the	the	DET
ftr-330	1067	51	consolidated	consolidated	ADJ
ftr-330	1067	52	group.221	group.221	NOUN
ftr-330	1067	53	likewise	likewise	ADV
ftr-330	1067	54	,	,	PUNCT
ftr-330	1067	55	if	if	SCONJ
ftr-330	1067	56	a	a	DET
ftr-330	1067	57	consolidated	consolidated	ADJ
ftr-330	1067	58	net	net	ADJ
ftr-330	1067	59	operating	operating	NOUN
ftr-330	1067	60	loss	loss	NOUN
ftr-330	1067	61	is	be	AUX
ftr-330	1067	62	carried	carry	VERB
ftr-330	1067	63	forward	forward	ADV
ftr-330	1067	64	to	to	ADP
ftr-330	1067	65	a	a	DET
ftr-330	1067	66	separate	separate	ADJ
ftr-330	1067	67	return	return	NOUN
ftr-330	1067	68	year	year	NOUN
ftr-330	1067	69	of	of	ADP
ftr-330	1067	70	a	a	DET
ftr-330	1067	71	member	member	NOUN
ftr-330	1067	72	of	of	ADP
ftr-330	1067	73	the	the	DET
ftr-330	1067	74	group	group	NOUN
ftr-330	1067	75	,	,	PUNCT
ftr-330	1067	76	that	that	SCONJ
ftr-330	1067	77	carryforward	carryforward	ADJ
ftr-330	1067	78	loss	loss	NOUN
ftr-330	1067	79	may	may	AUX
ftr-330	1067	80	not	not	PART
ftr-330	1067	81	be	be	AUX
ftr-330	1067	82	used	use	VERB
ftr-330	1067	83	in	in	ADP
ftr-330	1067	84	an	an	DET
ftr-330	1067	85	equivalent	equivalent	ADJ
ftr-330	1067	86	or	or	CCONJ
ftr-330	1067	87	later	later	ADV
ftr-330	1067	88	consolidated	consolidated	ADJ
ftr-330	1067	89	return	return	NOUN
ftr-330	1067	90	year	year	NOUN
ftr-330	1067	91	of	of	ADP
ftr-330	1067	92	the	the	DET
ftr-330	1067	93	group.222	group.222	NOUN
ftr-330	1067	94	xi	xi	NOUN
ftr-330	1067	95	.	.	PUNCT
ftr-330	1068	1	foreign	foreign	ADJ
ftr-330	1068	2	subsidiaries	subsidiary	NOUN
ftr-330	1068	3	a.	a.	NOUN
ftr-330	1068	4	generally	generally	ADV
ftr-330	1068	5	foreign	foreign	ADJ
ftr-330	1068	6	affiliates	affiliate	NOUN
ftr-330	1068	7	of	of	ADP
ftr-330	1068	8	a	a	DET
ftr-330	1068	9	u.s	u.s	PROPN
ftr-330	1068	10	consolidated	consolidated	PROPN
ftr-330	1068	11	group	group	NOUN
ftr-330	1068	12	are	be	AUX
ftr-330	1068	13	not	not	PART
ftr-330	1068	14	included	include	VERB
ftr-330	1068	15	in	in	ADP
ftr-330	1068	16	the	the	DET
ftr-330	1068	17	consolidated	consolidated	PROPN
ftr-330	1068	18	return.223	return.223	PROPN
ftr-330	1068	19	the	the	DET
ftr-330	1068	20	income	income	NOUN
ftr-330	1068	21	of	of	ADP
ftr-330	1068	22	a	a	DET
ftr-330	1068	23	foreign	foreign	ADJ
ftr-330	1068	24	corporation	corporation	NOUN
ftr-330	1068	25	with	with	ADP
ftr-330	1068	26	u.s	u.s	PROPN
ftr-330	1068	27	.	.	PROPN
ftr-330	1068	28	shareholders	shareholder	NOUN
ftr-330	1068	29	generally	generally	ADV
ftr-330	1068	30	is	be	AUX
ftr-330	1068	31	not	not	PART
ftr-330	1068	32	taxed	tax	VERB
ftr-330	1068	33	to	to	ADP
ftr-330	1068	34	the	the	DET
ftr-330	1068	35	shareholder(s	shareholder(s	NOUN
ftr-330	1068	36	)	)	PUNCT
ftr-330	1068	37	until	until	SCONJ
ftr-330	1068	38	it	it	PRON
ftr-330	1068	39	is	be	AUX
ftr-330	1068	40	repatriated	repatriate	VERB
ftr-330	1068	41	,	,	PUNCT
ftr-330	1068	42	either	either	CCONJ
ftr-330	1068	43	as	as	ADP
ftr-330	1068	44	a	a	DET
ftr-330	1068	45	dividend	dividend	NOUN
ftr-330	1068	46	or	or	CCONJ
ftr-330	1068	47	a	a	DET
ftr-330	1068	48	liquidation	liquidation	NOUN
ftr-330	1068	49	distribution	distribution	NOUN
ftr-330	1068	50	.	.	PUNCT
ftr-330	1069	1	because	because	SCONJ
ftr-330	1069	2	of	of	ADP
ftr-330	1069	3	the	the	DET
ftr-330	1069	4	foreign	foreign	ADJ
ftr-330	1069	5	tax	tax	NOUN
ftr-330	1069	6	credit	credit	NOUN
ftr-330	1069	7	,	,	PUNCT
ftr-330	1069	8	this	this	DET
ftr-330	1069	9	treatment	treatment	NOUN
ftr-330	1069	10	is	be	AUX
ftr-330	1069	11	of	of	ADP
ftr-330	1069	12	major	major	ADJ
ftr-330	1069	13	significance	significance	NOUN
ftr-330	1069	14	only	only	ADV
ftr-330	1069	15	when	when	SCONJ
ftr-330	1069	16	the	the	DET
ftr-330	1069	17	foreign	foreign	ADJ
ftr-330	1069	18	corporation	corporation	NOUN
ftr-330	1069	19	is	be	AUX
ftr-330	1069	20	in	in	ADP
ftr-330	1069	21	a	a	DET
ftr-330	1069	22	country	country	NOUN
ftr-330	1069	23	with	with	ADP
ftr-330	1069	24	tax	tax	NOUN
ftr-330	1069	25	rates	rate	NOUN
ftr-330	1069	26	lower	low	ADJ
ftr-330	1069	27	than	than	ADP
ftr-330	1069	28	the	the	DET
ftr-330	1069	29	u.s	u.s	PROPN
ftr-330	1069	30	.	.	PROPN
ftr-330	1069	31	rates	rate	NOUN
ftr-330	1069	32	.	.	PUNCT
ftr-330	1070	1	if	if	SCONJ
ftr-330	1070	2	the	the	DET
ftr-330	1070	3	country	country	NOUN
ftr-330	1070	4	of	of	ADP
ftr-330	1070	5	the	the	DET
ftr-330	1070	6	foreign	foreign	ADJ
ftr-330	1070	7	corporation	corporation	NOUN
ftr-330	1070	8	has	have	VERB
ftr-330	1070	9	tax	tax	NOUN
ftr-330	1070	10	rates	rate	NOUN
ftr-330	1070	11	lower	low	ADJ
ftr-330	1070	12	than	than	ADP
ftr-330	1070	13	the	the	DET
ftr-330	1070	14	u.s	u.s	PROPN
ftr-330	1070	15	.	.	PROPN
ftr-330	1070	16	,	,	PUNCT
ftr-330	1070	17	the	the	DET
ftr-330	1070	18	deferral	deferral	NOUN
ftr-330	1070	19	effected	effect	VERB
ftr-330	1070	20	by	by	ADP
ftr-330	1070	21	the	the	DET
ftr-330	1070	22	general	general	ADJ
ftr-330	1070	23	rule	rule	NOUN
ftr-330	1070	24	is	be	AUX
ftr-330	1070	25	limited	limit	VERB
ftr-330	1070	26	by	by	ADP
ftr-330	1070	27	the	the	DET
ftr-330	1070	28	“	"	PUNCT
ftr-330	1070	29	subpart	subpart	NOUN
ftr-330	1070	30	f	f	NOUN
ftr-330	1070	31	”	"	PUNCT
ftr-330	1070	32	rules.224	rules.224	PUNCT
ftr-330	1070	33	a	a	DET
ftr-330	1070	34	u.s	u.s	PROPN
ftr-330	1070	35	.	.	PROPN
ftr-330	1070	36	shareholder	shareholder	NOUN
ftr-330	1070	37	(	(	PUNCT
ftr-330	1070	38	including	include	VERB
ftr-330	1070	39	individuals	individual	NOUN
ftr-330	1070	40	as	as	ADV
ftr-330	1070	41	well	well	ADV
ftr-330	1070	42	as	as	ADP
ftr-330	1070	43	corporations	corporation	NOUN
ftr-330	1070	44	)	)	PUNCT
ftr-330	1070	45	that	that	PRON
ftr-330	1070	46	owns	own	VERB
ftr-330	1070	47	ten	ten	NUM
ftr-330	1070	48	percent	percent	NOUN
ftr-330	1070	49	or	or	CCONJ
ftr-330	1070	50	more	more	ADJ
ftr-330	1070	51	of	of	ADP
ftr-330	1070	52	the	the	DET
ftr-330	1070	53	total	total	ADJ
ftr-330	1070	54	combined	combined	ADJ
ftr-330	1070	55	voting	voting	NOUN
ftr-330	1070	56	power	power	NOUN
ftr-330	1070	57	of	of	ADP
ftr-330	1070	58	all	all	DET
ftr-330	1070	59	classes	class	NOUN
ftr-330	1070	60	of	of	ADP
ftr-330	1070	61	voting	vote	VERB
ftr-330	1070	62	stock	stock	NOUN
ftr-330	1070	63	of	of	ADP
ftr-330	1070	64	a	a	DET
ftr-330	1070	65	controlled	control	VERB
ftr-330	1070	66	foreign	foreign	ADJ
ftr-330	1070	67	corporation	corporation	NOUN
ftr-330	1070	68	(	(	PUNCT
ftr-330	1070	69	cfc	cfc	PROPN
ftr-330	1070	70	)	)	PUNCT
ftr-330	1070	71	must	must	AUX
ftr-330	1070	72	include	include	VERB
ftr-330	1070	73	in	in	ADP
ftr-330	1070	74	income	income	NOUN
ftr-330	1070	75	each	each	DET
ftr-330	1070	76	year	year	NOUN
ftr-330	1070	77	its	its	PRON
ftr-330	1070	78	pro	pro	ADJ
ftr-330	1070	79	rata	rata	ADJ
ftr-330	1070	80	share	share	NOUN
ftr-330	1070	81	of	of	ADP
ftr-330	1070	82	the	the	DET
ftr-330	1070	83	cfc	cfc	PROPN
ftr-330	1070	84	’s	’s	PART
ftr-330	1070	85	“	"	PUNCT
ftr-330	1070	86	subpart	subpart	PROPN
ftr-330	1070	87	f	f	PROPN
ftr-330	1070	88	income	income	NOUN
ftr-330	1070	89	.	.	PUNCT
ftr-330	1070	90	”225	”225	PUNCT
ftr-330	1071	1	a	a	DET
ftr-330	1071	2	cfc	cfc	PROPN
ftr-330	1071	3	is	be	AUX
ftr-330	1071	4	a	a	DET
ftr-330	1071	5	foreign	foreign	ADJ
ftr-330	1071	6	corporation	corporation	NOUN
ftr-330	1071	7	in	in	ADP
ftr-330	1071	8	which	which	PRON
ftr-330	1071	9	more	more	ADJ
ftr-330	1071	10	than	than	ADP
ftr-330	1071	11	50	50	NUM
ftr-330	1071	12	percent	percent	NOUN
ftr-330	1071	13	of	of	ADP
ftr-330	1071	14	either	either	CCONJ
ftr-330	1071	15	(	(	PUNCT
ftr-330	1071	16	1	1	X
ftr-330	1071	17	)	)	PUNCT
ftr-330	1071	18	the	the	DET
ftr-330	1071	19	total	total	ADJ
ftr-330	1071	20	combined	combined	ADJ
ftr-330	1071	21	voting	voting	NOUN
ftr-330	1071	22	power	power	NOUN
ftr-330	1071	23	of	of	ADP
ftr-330	1071	24	all	all	DET
ftr-330	1071	25	classes	class	NOUN
ftr-330	1071	26	of	of	ADP
ftr-330	1071	27	voting	vote	VERB
ftr-330	1071	28	stock	stock	NOUN
ftr-330	1071	29	or	or	CCONJ
ftr-330	1071	30	(	(	PUNCT
ftr-330	1071	31	2	2	X
ftr-330	1071	32	)	)	PUNCT
ftr-330	1071	33	the	the	DET
ftr-330	1071	34	total	total	ADJ
ftr-330	1071	35	value	value	NOUN
ftr-330	1071	36	of	of	ADP
ftr-330	1071	37	all	all	DET
ftr-330	1071	38	stock	stock	NOUN
ftr-330	1071	39	,	,	PUNCT
ftr-330	1071	40	is	be	AUX
ftr-330	1071	41	owned	own	VERB
ftr-330	1071	42	by	by	ADP
ftr-330	1071	43	u.s	u.s	PROPN
ftr-330	1071	44	.	.	PROPN
ftr-330	1071	45	shareholders	shareholder	NOUN
ftr-330	1071	46	on	on	ADP
ftr-330	1071	47	any	any	DET
ftr-330	1071	48	day	day	NOUN
ftr-330	1071	49	during	during	ADP
ftr-330	1071	50	the	the	DET
ftr-330	1071	51	taxable	taxable	ADJ
ftr-330	1071	52	year	year	NOUN
ftr-330	1071	53	of	of	ADP
ftr-330	1071	54	the	the	DET
ftr-330	1071	55	cfc.226	cfc.226	NOUN
ftr-330	1071	56	a	a	DET
ftr-330	1071	57	u.s	u.s	PROPN
ftr-330	1071	58	.	.	PROPN
ftr-330	1071	59	corporate	corporate	ADJ
ftr-330	1071	60	shareholder	shareholder	NOUN
ftr-330	1071	61	is	be	AUX
ftr-330	1071	62	entitled	entitle	VERB
ftr-330	1071	63	to	to	ADP
ftr-330	1071	64	a	a	DET
ftr-330	1071	65	foreign	foreign	ADJ
ftr-330	1071	66	tax	tax	NOUN
ftr-330	1071	67	credit	credit	NOUN
ftr-330	1071	68	for	for	ADP
ftr-330	1071	69	the	the	DET
ftr-330	1071	70	foreign	foreign	ADJ
ftr-330	1071	71	income	income	NOUN
ftr-330	1071	72	taxes	taxis	NOUN
ftr-330	1071	73	it	it	PRON
ftr-330	1071	74	is	be	AUX
ftr-330	1071	75	deemed	deem	VERB
ftr-330	1071	76	to	to	ADP
ftr-330	1071	77	221	221	NUM
ftr-330	1071	78	.	.	PUNCT
ftr-330	1072	1	reg	reg	NOUN
ftr-330	1072	2	.	.	PUNCT
ftr-330	1073	1	§	§	PROPN
ftr-330	1073	2	1.1502–21(b)(2)(i	1.1502–21(b)(2)(i	NOUN
ftr-330	1073	3	)	)	PUNCT
ftr-330	1073	4	.	.	PUNCT
ftr-330	1074	1	222	222	NUM
ftr-330	1074	2	.	.	PUNCT
ftr-330	1075	1	reg	reg	NOUN
ftr-330	1075	2	.	.	PUNCT
ftr-330	1076	1	§	§	PROPN
ftr-330	1076	2	1.1502–21(b)(2)(i	1.1502–21(b)(2)(i	NOUN
ftr-330	1076	3	)	)	PUNCT
ftr-330	1076	4	.	.	PUNCT
ftr-330	1077	1	223	223	NUM
ftr-330	1077	2	.	.	PUNCT
ftr-330	1077	3	i.r.c	i.r.c	NOUN
ftr-330	1077	4	.	.	PUNCT
ftr-330	1078	1	§	§	PROPN
ftr-330	1078	2	1504(a)(1)(a	1504(a)(1)(a	NUM
ftr-330	1078	3	)	)	PUNCT
ftr-330	1078	4	and	and	CCONJ
ftr-330	1078	5	(	(	PUNCT
ftr-330	1078	6	b	b	NOUN
ftr-330	1078	7	)	)	PUNCT
ftr-330	1078	8	.	.	PUNCT
ftr-330	1079	1	224	224	NUM
ftr-330	1079	2	.	.	PUNCT
ftr-330	1079	3	i.r.c	i.r.c	NOUN
ftr-330	1079	4	.	.	PUNCT
ftr-330	1080	1	§	§	PROPN
ftr-330	1080	2	§	§	PROPN
ftr-330	1080	3	951	951	NUM
ftr-330	1080	4	–	–	PUNCT
ftr-330	1080	5	964	964	NUM
ftr-330	1080	6	.	.	X
ftr-330	1080	7	225	225	NUM
ftr-330	1080	8	.	.	PUNCT
ftr-330	1080	9	i.r.c	i.r.c	NOUN
ftr-330	1080	10	.	.	PUNCT
ftr-330	1081	1	§	§	PROPN
ftr-330	1081	2	§	§	PROPN
ftr-330	1081	3	951(a	951(a	PROPN
ftr-330	1081	4	)	)	PUNCT
ftr-330	1081	5	and	and	CCONJ
ftr-330	1081	6	(	(	PUNCT
ftr-330	1081	7	b	b	NOUN
ftr-330	1081	8	)	)	PUNCT
ftr-330	1081	9	.	.	PUNCT
ftr-330	1082	1	section	section	PROPN
ftr-330	1082	2	958(a	958(a	PROPN
ftr-330	1082	3	)	)	PUNCT
ftr-330	1082	4	requires	require	VERB
ftr-330	1082	5	that	that	SCONJ
ftr-330	1082	6	indirect	indirect	ADJ
ftr-330	1082	7	ownership	ownership	NOUN
ftr-330	1082	8	be	be	AUX
ftr-330	1082	9	taken	take	VERB
ftr-330	1082	10	into	into	ADP
ftr-330	1082	11	account	account	NOUN
ftr-330	1082	12	and	and	CCONJ
ftr-330	1082	13	reg	reg	NOUN
ftr-330	1082	14	.	.	PUNCT
ftr-330	1083	1	§	§	PROPN
ftr-330	1083	2	1.958(b	1.958(b	NUM
ftr-330	1083	3	)	)	PUNCT
ftr-330	1083	4	applies	apply	VERB
ftr-330	1083	5	constructive	constructive	ADJ
ftr-330	1083	6	ownership	ownership	NOUN
ftr-330	1083	7	rules	rule	NOUN
ftr-330	1083	8	for	for	ADP
ftr-330	1083	9	determining	determine	VERB
ftr-330	1083	10	the	the	DET
ftr-330	1083	11	amount	amount	NOUN
ftr-330	1083	12	of	of	ADP
ftr-330	1083	13	stock	stock	NOUN
ftr-330	1083	14	owned	own	VERB
ftr-330	1083	15	by	by	ADP
ftr-330	1083	16	a	a	DET
ftr-330	1083	17	u.s	u.s	PROPN
ftr-330	1083	18	.	.	PROPN
ftr-330	1083	19	shareholder	shareholder	NOUN
ftr-330	1083	20	.	.	PUNCT
ftr-330	1084	1	226	226	NUM
ftr-330	1084	2	.	.	PUNCT
ftr-330	1084	3	i.r.c	i.r.c	NOUN
ftr-330	1084	4	.	.	PUNCT
ftr-330	1085	1	§	§	PROPN
ftr-330	1085	2	957(a	957(a	PROPN
ftr-330	1085	3	)	)	PUNCT
ftr-330	1085	4	.	.	PUNCT
ftr-330	1086	1	section	section	NOUN
ftr-330	1086	2	958(a	958(a	PROPN
ftr-330	1086	3	)	)	PUNCT
ftr-330	1086	4	requires	require	VERB
ftr-330	1086	5	that	that	SCONJ
ftr-330	1086	6	indirect	indirect	ADJ
ftr-330	1086	7	ownership	ownership	NOUN
ftr-330	1086	8	be	be	AUX
ftr-330	1086	9	taken	take	VERB
ftr-330	1086	10	into	into	ADP
ftr-330	1086	11	account	account	NOUN
ftr-330	1086	12	,	,	PUNCT
ftr-330	1086	13	and	and	CCONJ
ftr-330	1086	14	reg	reg	NOUN
ftr-330	1086	15	.	.	PUNCT
ftr-330	1087	1	§	§	PROPN
ftr-330	1087	2	1.958(b	1.958(b	NUM
ftr-330	1087	3	)	)	PUNCT
ftr-330	1087	4	applies	apply	VERB
ftr-330	1087	5	constructive	constructive	ADJ
ftr-330	1087	6	ownership	ownership	NOUN
ftr-330	1087	7	rules	rule	NOUN
ftr-330	1087	8	for	for	ADP
ftr-330	1087	9	determining	determine	VERB
ftr-330	1087	10	the	the	DET
ftr-330	1087	11	amount	amount	NOUN
ftr-330	1087	12	of	of	ADP
ftr-330	1087	13	stock	stock	NOUN
ftr-330	1087	14	owned	own	VERB
ftr-330	1087	15	by	by	ADP
ftr-330	1087	16	a	a	DET
ftr-330	1087	17	u.s	u.s	PROPN
ftr-330	1087	18	.	.	PROPN
ftr-330	1087	19	shareholder	shareholder	NOUN
ftr-330	1087	20	.	.	PUNCT
ftr-330	1088	1	2012	2012	NUM
ftr-330	1088	2	]	]	PUNCT
ftr-330	1088	3	understanding	understand	VERB
ftr-330	1088	4	consolidated	consolidated	ADJ
ftr-330	1088	5	returns	return	NOUN
ftr-330	1088	6	177	177	NUM
ftr-330	1088	7	have	have	AUX
ftr-330	1088	8	paid	pay	VERB
ftr-330	1088	9	on	on	ADP
ftr-330	1088	10	the	the	DET
ftr-330	1088	11	subpart	subpart	NOUN
ftr-330	1088	12	f	f	PROPN
ftr-330	1088	13	income	income	NOUN
ftr-330	1088	14	(	(	PUNCT
ftr-330	1088	15	and	and	CCONJ
ftr-330	1088	16	must	must	AUX
ftr-330	1088	17	include	include	VERB
ftr-330	1088	18	the	the	DET
ftr-330	1088	19	amount	amount	NOUN
ftr-330	1088	20	of	of	ADP
ftr-330	1088	21	the	the	DET
ftr-330	1088	22	deemed	deem	VERB
ftr-330	1088	23	foreign	foreign	ADJ
ftr-330	1088	24	tax	tax	NOUN
ftr-330	1088	25	credit	credit	NOUN
ftr-330	1088	26	in	in	ADP
ftr-330	1088	27	income	income	NOUN
ftr-330	1088	28	)	)	PUNCT
ftr-330	1088	29	.	.	PUNCT
ftr-330	1089	1	the	the	DET
ftr-330	1089	2	u.s	u.s	PROPN
ftr-330	1089	3	.	.	PROPN
ftr-330	1089	4	shareholder	shareholder	PROPN
ftr-330	1089	5	’s	’s	PART
ftr-330	1089	6	basis	basis	NOUN
ftr-330	1089	7	in	in	ADP
ftr-330	1089	8	the	the	DET
ftr-330	1089	9	cfc	cfc	PROPN
ftr-330	1089	10	’s	’s	PART
ftr-330	1089	11	stock	stock	NOUN
ftr-330	1089	12	is	be	AUX
ftr-330	1089	13	increased	increase	VERB
ftr-330	1089	14	by	by	ADP
ftr-330	1089	15	the	the	DET
ftr-330	1089	16	amount	amount	NOUN
ftr-330	1089	17	of	of	ADP
ftr-330	1089	18	income	income	NOUN
ftr-330	1089	19	taxed	tax	VERB
ftr-330	1089	20	under	under	ADP
ftr-330	1089	21	subpart	subpart	PROPN
ftr-330	1089	22	f	f	PROPN
ftr-330	1089	23	and	and	CCONJ
ftr-330	1089	24	decreased	decrease	VERB
ftr-330	1089	25	by	by	ADP
ftr-330	1089	26	subsequent	subsequent	ADJ
ftr-330	1089	27	distributions	distribution	NOUN
ftr-330	1089	28	of	of	ADP
ftr-330	1089	29	such	such	ADJ
ftr-330	1089	30	previously	previously	ADV
ftr-330	1089	31	taxed	tax	VERB
ftr-330	1089	32	income	income	NOUN
ftr-330	1089	33	.	.	PUNCT
ftr-330	1090	1	the	the	DET
ftr-330	1090	2	primary	primary	ADJ
ftr-330	1090	3	category	category	NOUN
ftr-330	1090	4	of	of	ADP
ftr-330	1090	5	income	income	NOUN
ftr-330	1090	6	taxed	tax	VERB
ftr-330	1090	7	under	under	ADP
ftr-330	1090	8	subpart	subpart	PROPN
ftr-330	1090	9	f	f	PROPN
ftr-330	1090	10	is	be	AUX
ftr-330	1090	11	“	"	PUNCT
ftr-330	1090	12	foreign	foreign	ADJ
ftr-330	1090	13	base	base	NOUN
ftr-330	1090	14	company	company	NOUN
ftr-330	1090	15	income	income	NOUN
ftr-330	1090	16	.	.	PUNCT
ftr-330	1091	1	”227	”227	PROPN
ftr-330	1091	2	speaking	speak	VERB
ftr-330	1091	3	very	very	ADV
ftr-330	1091	4	generally	generally	ADV
ftr-330	1091	5	,	,	PUNCT
ftr-330	1091	6	subject	subject	ADJ
ftr-330	1091	7	to	to	ADP
ftr-330	1091	8	a	a	DET
ftr-330	1091	9	variety	variety	NOUN
ftr-330	1091	10	of	of	ADP
ftr-330	1091	11	special	special	ADJ
ftr-330	1091	12	rules	rule	NOUN
ftr-330	1091	13	and	and	CCONJ
ftr-330	1091	14	limitations	limitation	NOUN
ftr-330	1091	15	,	,	PUNCT
ftr-330	1091	16	foreign	foreign	ADJ
ftr-330	1091	17	base	base	NOUN
ftr-330	1091	18	company	company	NOUN
ftr-330	1091	19	income	income	NOUN
ftr-330	1091	20	includes	include	VERB
ftr-330	1091	21	income	income	NOUN
ftr-330	1091	22	,	,	PUNCT
ftr-330	1091	23	reduced	reduce	VERB
ftr-330	1091	24	by	by	ADP
ftr-330	1091	25	properly	properly	ADV
ftr-330	1091	26	allocable	allocable	ADJ
ftr-330	1091	27	deductions	deduction	NOUN
ftr-330	1091	28	,	,	PUNCT
ftr-330	1091	29	in	in	ADP
ftr-330	1091	30	the	the	DET
ftr-330	1091	31	following	follow	VERB
ftr-330	1091	32	five	five	NUM
ftr-330	1091	33	categories	category	NOUN
ftr-330	1091	34	:	:	PUNCT
ftr-330	1091	35	(	(	PUNCT
ftr-330	1091	36	1	1	X
ftr-330	1091	37	)	)	PUNCT
ftr-330	1091	38	foreign	foreign	ADJ
ftr-330	1091	39	personal	personal	ADJ
ftr-330	1091	40	holding	hold	VERB
ftr-330	1091	41	company	company	NOUN
ftr-330	1091	42	income	income	NOUN
ftr-330	1091	43	(	(	PUNCT
ftr-330	1091	44	fphci	fphci	NOUN
ftr-330	1091	45	)	)	PUNCT
ftr-330	1091	46	.	.	PUNCT
ftr-330	1092	1	this	this	DET
ftr-330	1092	2	income	income	NOUN
ftr-330	1092	3	consists	consist	VERB
ftr-330	1092	4	of	of	ADP
ftr-330	1092	5	(	(	PUNCT
ftr-330	1092	6	i	i	NOUN
ftr-330	1092	7	)	)	PUNCT
ftr-330	1092	8	dividends	dividend	NOUN
ftr-330	1092	9	,	,	PUNCT
ftr-330	1092	10	interest	interest	NOUN
ftr-330	1092	11	,	,	PUNCT
ftr-330	1092	12	rents	rent	NOUN
ftr-330	1092	13	and	and	CCONJ
ftr-330	1092	14	royalties;228	royalties;228	PROPN
ftr-330	1092	15	(	(	PUNCT
ftr-330	1092	16	ii	ii	PROPN
ftr-330	1092	17	)	)	PUNCT
ftr-330	1092	18	net	net	ADJ
ftr-330	1092	19	gains	gain	NOUN
ftr-330	1092	20	from	from	ADP
ftr-330	1092	21	the	the	DET
ftr-330	1092	22	sale	sale	NOUN
ftr-330	1092	23	or	or	CCONJ
ftr-330	1092	24	exchange	exchange	NOUN
ftr-330	1092	25	of	of	ADP
ftr-330	1092	26	property	property	NOUN
ftr-330	1092	27	that	that	PRON
ftr-330	1092	28	produces	produce	VERB
ftr-330	1092	29	dividends	dividend	NOUN
ftr-330	1092	30	,	,	PUNCT
ftr-330	1092	31	interest	interest	NOUN
ftr-330	1092	32	,	,	PUNCT
ftr-330	1092	33	rents	rent	NOUN
ftr-330	1092	34	and	and	CCONJ
ftr-330	1092	35	royalties	royalty	NOUN
ftr-330	1092	36	or	or	CCONJ
ftr-330	1092	37	that	that	PRON
ftr-330	1092	38	does	do	AUX
ftr-330	1092	39	not	not	PART
ftr-330	1092	40	produce	produce	VERB
ftr-330	1092	41	any	any	DET
ftr-330	1092	42	income	income	NOUN
ftr-330	1092	43	;	;	PUNCT
ftr-330	1092	44	(	(	PUNCT
ftr-330	1092	45	iii	iii	X
ftr-330	1092	46	)	)	PUNCT
ftr-330	1092	47	gains	gain	NOUN
ftr-330	1092	48	from	from	ADP
ftr-330	1092	49	certain	certain	ADJ
ftr-330	1092	50	commodities	commodity	NOUN
ftr-330	1092	51	transactions	transaction	NOUN
ftr-330	1092	52	;	;	PUNCT
ftr-330	1092	53	(	(	PUNCT
ftr-330	1092	54	iv	iv	X
ftr-330	1092	55	)	)	PUNCT
ftr-330	1092	56	gains	gain	NOUN
ftr-330	1092	57	from	from	ADP
ftr-330	1092	58	certain	certain	ADJ
ftr-330	1092	59	foreign	foreign	ADJ
ftr-330	1092	60	currency	currency	NOUN
ftr-330	1092	61	transactions	transaction	NOUN
ftr-330	1092	62	;	;	PUNCT
ftr-330	1092	63	and	and	CCONJ
ftr-330	1092	64	(	(	PUNCT
ftr-330	1092	65	v	v	NOUN
ftr-330	1092	66	)	)	PUNCT
ftr-330	1092	67	income	income	NOUN
ftr-330	1092	68	that	that	PRON
ftr-330	1092	69	is	be	AUX
ftr-330	1092	70	the	the	DET
ftr-330	1092	71	equivalent	equivalent	NOUN
ftr-330	1092	72	of	of	ADP
ftr-330	1092	73	interest	interest	NOUN
ftr-330	1092	74	.	.	PUNCT
ftr-330	1093	1	(	(	PUNCT
ftr-330	1093	2	2	2	X
ftr-330	1093	3	)	)	PUNCT
ftr-330	1093	4	foreign	foreign	ADJ
ftr-330	1093	5	base	base	NOUN
ftr-330	1093	6	company	company	NOUN
ftr-330	1093	7	sales	sale	NOUN
ftr-330	1093	8	income	income	NOUN
ftr-330	1093	9	.	.	PUNCT
ftr-330	1094	1	this	this	DET
ftr-330	1094	2	category	category	NOUN
ftr-330	1094	3	encompasses	encompass	VERB
ftr-330	1094	4	income	income	NOUN
ftr-330	1094	5	from	from	ADP
ftr-330	1094	6	property	property	NOUN
ftr-330	1094	7	purchased	purchase	VERB
ftr-330	1094	8	from	from	ADP
ftr-330	1094	9	or	or	CCONJ
ftr-330	1094	10	sold	sell	VERB
ftr-330	1094	11	to	to	ADP
ftr-330	1094	12	a	a	DET
ftr-330	1094	13	related	related	ADJ
ftr-330	1094	14	person	person	NOUN
ftr-330	1094	15	if	if	SCONJ
ftr-330	1094	16	the	the	DET
ftr-330	1094	17	property	property	NOUN
ftr-330	1094	18	is	be	AUX
ftr-330	1094	19	manufactured	manufacture	VERB
ftr-330	1094	20	outside	outside	ADV
ftr-330	1094	21	and	and	CCONJ
ftr-330	1094	22	sold	sell	VERB
ftr-330	1094	23	for	for	ADP
ftr-330	1094	24	use	use	NOUN
ftr-330	1094	25	outside	outside	ADP
ftr-330	1094	26	the	the	DET
ftr-330	1094	27	cfc	cfc	PROPN
ftr-330	1094	28	’s	’s	PART
ftr-330	1094	29	country	country	NOUN
ftr-330	1094	30	of	of	ADP
ftr-330	1094	31	incorporation	incorporation	NOUN
ftr-330	1094	32	.	.	PUNCT
ftr-330	1095	1	if	if	SCONJ
ftr-330	1095	2	,	,	PUNCT
ftr-330	1095	3	however	however	ADV
ftr-330	1095	4	,	,	PUNCT
ftr-330	1095	5	the	the	DET
ftr-330	1095	6	cfc	cfc	PROPN
ftr-330	1095	7	purchases	purchase	VERB
ftr-330	1095	8	property	property	NOUN
ftr-330	1095	9	from	from	ADP
ftr-330	1095	10	a	a	DET
ftr-330	1095	11	related	related	ADJ
ftr-330	1095	12	party	party	NOUN
ftr-330	1095	13	but	but	CCONJ
ftr-330	1095	14	sufficiently	sufficiently	ADV
ftr-330	1095	15	transforms	transform	VERB
ftr-330	1095	16	the	the	DET
ftr-330	1095	17	property	property	NOUN
ftr-330	1095	18	to	to	PART
ftr-330	1095	19	constitute	constitute	VERB
ftr-330	1095	20	“	"	PUNCT
ftr-330	1095	21	manufacturing	manufacturing	NOUN
ftr-330	1095	22	”	"	PUNCT
ftr-330	1095	23	by	by	ADP
ftr-330	1095	24	it	it	PRON
ftr-330	1095	25	,	,	PUNCT
ftr-330	1095	26	the	the	DET
ftr-330	1095	27	income	income	NOUN
ftr-330	1095	28	from	from	ADP
ftr-330	1095	29	the	the	DET
ftr-330	1095	30	sale	sale	NOUN
ftr-330	1095	31	of	of	ADP
ftr-330	1095	32	the	the	DET
ftr-330	1095	33	property	property	NOUN
ftr-330	1095	34	is	be	AUX
ftr-330	1095	35	not	not	PART
ftr-330	1095	36	foreign	foreign	ADJ
ftr-330	1095	37	base	base	NOUN
ftr-330	1095	38	company	company	NOUN
ftr-330	1095	39	sales	sale	NOUN
ftr-330	1095	40	income.229	income.229	PROPN
ftr-330	1095	41	(	(	PUNCT
ftr-330	1095	42	3	3	X
ftr-330	1095	43	)	)	PUNCT
ftr-330	1095	44	foreign	foreign	ADJ
ftr-330	1095	45	base	base	NOUN
ftr-330	1095	46	company	company	NOUN
ftr-330	1095	47	services	service	NOUN
ftr-330	1095	48	income	income	NOUN
ftr-330	1095	49	,	,	PUNCT
ftr-330	1095	50	which	which	PRON
ftr-330	1095	51	is	be	AUX
ftr-330	1095	52	income	income	NOUN
ftr-330	1095	53	derived	derive	VERB
ftr-330	1095	54	from	from	ADP
ftr-330	1095	55	performing	perform	VERB
ftr-330	1095	56	services	service	NOUN
ftr-330	1095	57	outside	outside	ADP
ftr-330	1095	58	the	the	DET
ftr-330	1095	59	cfc	cfc	PROPN
ftr-330	1095	60	’s	’s	PART
ftr-330	1095	61	country	country	NOUN
ftr-330	1095	62	of	of	ADP
ftr-330	1095	63	incorporation	incorporation	NOUN
ftr-330	1095	64	for	for	ADP
ftr-330	1095	65	or	or	CCONJ
ftr-330	1095	66	on	on	ADP
ftr-330	1095	67	behalf	behalf	NOUN
ftr-330	1095	68	of	of	ADP
ftr-330	1095	69	a	a	DET
ftr-330	1095	70	related	related	ADJ
ftr-330	1095	71	person	person	NOUN
ftr-330	1095	72	.	.	PUNCT
ftr-330	1096	1	(	(	PUNCT
ftr-330	1096	2	4	4	X
ftr-330	1096	3	)	)	PUNCT
ftr-330	1096	4	personal	personal	ADJ
ftr-330	1096	5	services	service	NOUN
ftr-330	1096	6	contract	contract	NOUN
ftr-330	1096	7	income.230	income.230	VERB
ftr-330	1096	8	(	(	PUNCT
ftr-330	1096	9	5	5	X
ftr-330	1096	10	)	)	PUNCT
ftr-330	1096	11	foreign	foreign	ADJ
ftr-330	1096	12	base	base	NOUN
ftr-330	1096	13	company	company	NOUN
ftr-330	1096	14	oil	oil	NOUN
ftr-330	1096	15	related	relate	VERB
ftr-330	1096	16	income	income	NOUN
ftr-330	1096	17	.	.	PUNCT
ftr-330	1097	1	if	if	SCONJ
ftr-330	1097	2	the	the	DET
ftr-330	1097	3	gross	gross	ADJ
ftr-330	1097	4	foreign	foreign	ADJ
ftr-330	1097	5	base	base	NOUN
ftr-330	1097	6	company	company	NOUN
ftr-330	1097	7	income	income	NOUN
ftr-330	1097	8	of	of	ADP
ftr-330	1097	9	a	a	DET
ftr-330	1097	10	cfc	cfc	NOUN
ftr-330	1097	11	for	for	ADP
ftr-330	1097	12	the	the	DET
ftr-330	1097	13	taxable	taxable	ADJ
ftr-330	1097	14	year	year	NOUN
ftr-330	1097	15	is	be	AUX
ftr-330	1097	16	less	less	ADJ
ftr-330	1097	17	than	than	ADP
ftr-330	1097	18	the	the	DET
ftr-330	1097	19	lesser	less	ADJ
ftr-330	1097	20	of	of	ADP
ftr-330	1097	21	5	5	NUM
ftr-330	1097	22	percent	percent	NOUN
ftr-330	1097	23	of	of	ADP
ftr-330	1097	24	its	its	PRON
ftr-330	1097	25	total	total	ADJ
ftr-330	1097	26	gross	gross	ADJ
ftr-330	1097	27	income	income	NOUN
ftr-330	1097	28	or	or	CCONJ
ftr-330	1097	29	$	$	SYM
ftr-330	1097	30	1	1	NUM
ftr-330	1097	31	million	million	NUM
ftr-330	1097	32	,	,	PUNCT
ftr-330	1097	33	the	the	DET
ftr-330	1097	34	cfc	cfc	NOUN
ftr-330	1097	35	is	be	AUX
ftr-330	1097	36	treated	treat	VERB
ftr-330	1097	37	as	as	ADP
ftr-330	1097	38	having	have	VERB
ftr-330	1097	39	no	no	DET
ftr-330	1097	40	foreign	foreign	ADJ
ftr-330	1097	41	base	base	NOUN
ftr-330	1097	42	company	company	NOUN
ftr-330	1097	43	income	income	NOUN
ftr-330	1097	44	.	.	PUNCT
ftr-330	1098	1	conversely	conversely	ADV
ftr-330	1098	2	,	,	PUNCT
ftr-330	1098	3	if	if	SCONJ
ftr-330	1098	4	the	the	DET
ftr-330	1098	5	gross	gross	ADJ
ftr-330	1098	6	foreign	foreign	ADJ
ftr-330	1098	7	base	base	NOUN
ftr-330	1098	8	company	company	NOUN
ftr-330	1098	9	income	income	NOUN
ftr-330	1098	10	for	for	ADP
ftr-330	1098	11	the	the	DET
ftr-330	1098	12	taxable	taxable	ADJ
ftr-330	1098	13	year	year	NOUN
ftr-330	1098	14	exceeds	exceed	VERB
ftr-330	1098	15	70	70	NUM
ftr-330	1098	16	percent	percent	NOUN
ftr-330	1098	17	of	of	ADP
ftr-330	1098	18	the	the	DET
ftr-330	1098	19	cfc	cfc	NOUN
ftr-330	1098	20	’s	’s	PART
ftr-330	1098	21	gross	gross	ADJ
ftr-330	1098	22	income	income	NOUN
ftr-330	1098	23	,	,	PUNCT
ftr-330	1098	24	then	then	ADV
ftr-330	1098	25	all	all	PRON
ftr-330	1098	26	of	of	ADP
ftr-330	1098	27	its	its	PRON
ftr-330	1098	28	gross	gross	ADJ
ftr-330	1098	29	income	income	NOUN
ftr-330	1098	30	,	,	PUNCT
ftr-330	1098	31	less	less	ADV
ftr-330	1098	32	allocable	allocable	ADJ
ftr-330	1098	33	deductions	deduction	NOUN
ftr-330	1098	34	,	,	PUNCT
ftr-330	1098	35	is	be	AUX
ftr-330	1098	36	considered	consider	VERB
ftr-330	1098	37	foreign	foreign	ADJ
ftr-330	1098	38	base	base	NOUN
ftr-330	1098	39	company	company	NOUN
ftr-330	1098	40	income	income	NOUN
ftr-330	1098	41	.	.	PUNCT
ftr-330	1099	1	if	if	SCONJ
ftr-330	1099	2	a	a	DET
ftr-330	1099	3	taxpayer	taxpayer	NOUN
ftr-330	1099	4	(	(	PUNCT
ftr-330	1099	5	generally	generally	ADV
ftr-330	1099	6	the	the	DET
ftr-330	1099	7	u.s	u.s	PROPN
ftr-330	1099	8	.	.	PROPN
ftr-330	1099	9	parent	parent	NOUN
ftr-330	1099	10	)	)	PUNCT
ftr-330	1099	11	establishes	establish	VERB
ftr-330	1099	12	that	that	SCONJ
ftr-330	1099	13	the	the	DET
ftr-330	1099	14	income	income	NOUN
ftr-330	1099	15	was	be	AUX
ftr-330	1099	16	subject	subject	ADJ
ftr-330	1099	17	to	to	ADP
ftr-330	1099	18	an	an	DET
ftr-330	1099	19	effective	effective	ADJ
ftr-330	1099	20	tax	tax	NOUN
ftr-330	1099	21	rate	rate	NOUN
ftr-330	1099	22	in	in	ADP
ftr-330	1099	23	a	a	DET
ftr-330	1099	24	foreign	foreign	ADJ
ftr-330	1099	25	country	country	NOUN
ftr-330	1099	26	that	that	PRON
ftr-330	1099	27	exceeded	exceed	VERB
ftr-330	1099	28	90	90	NUM
ftr-330	1099	29	percent	percent	NOUN
ftr-330	1099	30	of	of	ADP
ftr-330	1099	31	the	the	DET
ftr-330	1099	32	227	227	NUM
ftr-330	1099	33	.	.	PUNCT
ftr-330	1099	34	i.r.c	i.r.c	NOUN
ftr-330	1099	35	.	.	PUNCT
ftr-330	1100	1	§	§	PROPN
ftr-330	1100	2	§	§	PROPN
ftr-330	1100	3	952(a	952(a	PROPN
ftr-330	1100	4	)	)	PUNCT
ftr-330	1100	5	and	and	CCONJ
ftr-330	1101	1	954	954	NUM
ftr-330	1101	2	.	.	X
ftr-330	1102	1	228	228	NUM
ftr-330	1102	2	.	.	PUNCT
ftr-330	1103	1	reg	reg	NOUN
ftr-330	1103	2	.	.	PUNCT
ftr-330	1104	1	§	§	PROPN
ftr-330	1104	2	1.954–2	1.954–2	NUM
ftr-330	1104	3	.	.	PUNCT
ftr-330	1105	1	229	229	NUM
ftr-330	1105	2	.	.	PUNCT
ftr-330	1106	1	reg	reg	NOUN
ftr-330	1106	2	.	.	PUNCT
ftr-330	1107	1	§	§	PROPN
ftr-330	1107	2	1.954–3(a)(4	1.954–3(a)(4	NUM
ftr-330	1107	3	)	)	PUNCT
ftr-330	1107	4	.	.	PUNCT
ftr-330	1108	1	230	230	NUM
ftr-330	1108	2	.	.	X
ftr-330	1108	3	reg	reg	NOUN
ftr-330	1108	4	.	.	PUNCT
ftr-330	1109	1	§	§	PROPN
ftr-330	1109	2	1.954–4	1.954–4	NUM
ftr-330	1109	3	.	.	PUNCT
ftr-330	1109	4	178	178	NUM
ftr-330	1109	5	florida	florida	PROPN
ftr-330	1109	6	tax	tax	NOUN
ftr-330	1109	7	review	review	NOUN
ftr-330	1109	8	[	[	X
ftr-330	1109	9	vol	vol	NOUN
ftr-330	1109	10	.	.	PUNCT
ftr-330	1110	1	12:3	12:3	NUM
ftr-330	1110	2	maximum	maximum	ADJ
ftr-330	1110	3	marginal	marginal	ADJ
ftr-330	1110	4	u.s	u.s	PROPN
ftr-330	1110	5	.	.	PROPN
ftr-330	1110	6	corporate	corporate	ADJ
ftr-330	1110	7	tax	tax	NOUN
ftr-330	1110	8	rate	rate	NOUN
ftr-330	1110	9	—	—	PUNCT
ftr-330	1110	10	which	which	PRON
ftr-330	1110	11	currently	currently	ADV
ftr-330	1110	12	calculates	calculate	VERB
ftr-330	1110	13	to	to	ADP
ftr-330	1110	14	31.5	31.5	NUM
ftr-330	1110	15	percent	percent	NOUN
ftr-330	1110	16	—	—	PUNCT
ftr-330	1110	17	the	the	DET
ftr-330	1110	18	income	income	NOUN
ftr-330	1110	19	is	be	AUX
ftr-330	1110	20	not	not	PART
ftr-330	1110	21	foreign	foreign	ADJ
ftr-330	1110	22	base	base	NOUN
ftr-330	1110	23	company	company	NOUN
ftr-330	1110	24	income	income	NOUN
ftr-330	1110	25	.	.	PUNCT
ftr-330	1111	1	section	section	NOUN
ftr-330	1111	2	951(a)(1	951(a)(1	NUM
ftr-330	1111	3	)	)	PUNCT
ftr-330	1111	4	also	also	ADV
ftr-330	1111	5	currently	currently	ADV
ftr-330	1111	6	taxes	tax	VERB
ftr-330	1111	7	u.s	u.s	PROPN
ftr-330	1111	8	.	.	PROPN
ftr-330	1111	9	shareholders	shareholder	NOUN
ftr-330	1111	10	on	on	ADP
ftr-330	1111	11	the	the	DET
ftr-330	1111	12	amount	amount	NOUN
ftr-330	1111	13	determined	determine	VERB
ftr-330	1111	14	under	under	ADP
ftr-330	1111	15	section	section	NOUN
ftr-330	1111	16	956	956	NUM
ftr-330	1111	17	,	,	PUNCT
ftr-330	1111	18	which	which	PRON
ftr-330	1111	19	generally	generally	ADV
ftr-330	1111	20	speaking	speak	VERB
ftr-330	1111	21	is	be	AUX
ftr-330	1111	22	the	the	DET
ftr-330	1111	23	earnings	earning	NOUN
ftr-330	1111	24	and	and	CCONJ
ftr-330	1111	25	profits	profit	NOUN
ftr-330	1111	26	of	of	ADP
ftr-330	1111	27	the	the	DET
ftr-330	1111	28	cfc	cfc	NOUN
ftr-330	1111	29	invested	invest	VERB
ftr-330	1111	30	in	in	ADP
ftr-330	1111	31	u.s	u.s	PROPN
ftr-330	1111	32	.	.	PROPN
ftr-330	1111	33	assets	asset	NOUN
ftr-330	1111	34	.	.	PUNCT
ftr-330	1112	1	this	this	PRON
ftr-330	1112	2	prevents	prevent	VERB
ftr-330	1112	3	a	a	DET
ftr-330	1112	4	cfc	cfc	NOUN
ftr-330	1112	5	that	that	PRON
ftr-330	1112	6	had	have	VERB
ftr-330	1112	7	no	no	DET
ftr-330	1112	8	subpart	subpart	NOUN
ftr-330	1112	9	f	f	PROPN
ftr-330	1112	10	income	income	NOUN
ftr-330	1112	11	to	to	PART
ftr-330	1112	12	avoid	avoid	VERB
ftr-330	1112	13	u.s	u.s	PROPN
ftr-330	1112	14	.	.	PROPN
ftr-330	1112	15	taxation	taxation	NOUN
ftr-330	1112	16	on	on	ADP
ftr-330	1112	17	its	its	PRON
ftr-330	1112	18	income	income	NOUN
ftr-330	1112	19	but	but	CCONJ
ftr-330	1112	20	nevertheless	nevertheless	ADV
ftr-330	1112	21	makes	make	VERB
ftr-330	1112	22	that	that	DET
ftr-330	1112	23	income	income	NOUN
ftr-330	1112	24	available	available	ADJ
ftr-330	1112	25	to	to	ADP
ftr-330	1112	26	its	its	PRON
ftr-330	1112	27	u.s	u.s	PROPN
ftr-330	1112	28	.	.	PROPN
ftr-330	1112	29	shareholders	shareholder	NOUN
ftr-330	1112	30	.	.	PUNCT
ftr-330	1113	1	the	the	DET
ftr-330	1113	2	subpart	subpart	PROPN
ftr-330	1113	3	f	f	PROPN
ftr-330	1113	4	regime	regime	NOUN
ftr-330	1113	5	has	have	AUX
ftr-330	1113	6	been	be	AUX
ftr-330	1113	7	significantly	significantly	ADV
ftr-330	1113	8	undermined	undermine	VERB
ftr-330	1113	9	by	by	ADP
ftr-330	1113	10	the	the	DET
ftr-330	1113	11	“	"	PUNCT
ftr-330	1113	12	check	check	VERB
ftr-330	1113	13	-	-	PUNCT
ftr-330	1113	14	the	the	DET
ftr-330	1113	15	-	-	PUNCT
ftr-330	1113	16	box	box	NOUN
ftr-330	1113	17	”	"	PUNCT
ftr-330	1113	18	entity	entity	NOUN
ftr-330	1113	19	classification	classification	NOUN
ftr-330	1113	20	rules.231	rules.231	PROPN
ftr-330	1113	21	b.	b.	PROPN
ftr-330	1113	22	anti	anti	ADJ
ftr-330	1113	23	-	-	ADJ
ftr-330	1113	24	inversion	inversion	ADJ
ftr-330	1113	25	rules	rule	NOUN
ftr-330	1113	26	section	section	NOUN
ftr-330	1113	27	7874	7874	NUM
ftr-330	1113	28	,	,	PUNCT
ftr-330	1113	29	enacted	enact	VERB
ftr-330	1113	30	in	in	ADP
ftr-330	1113	31	2004	2004	NUM
ftr-330	1113	32	,	,	PUNCT
ftr-330	1113	33	is	be	AUX
ftr-330	1113	34	intended	intend	VERB
ftr-330	1113	35	to	to	PART
ftr-330	1113	36	combat	combat	VERB
ftr-330	1113	37	“	"	PUNCT
ftr-330	1113	38	inversion	inversion	NOUN
ftr-330	1113	39	”	"	PUNCT
ftr-330	1113	40	transactions	transaction	NOUN
ftr-330	1113	41	,	,	PUNCT
ftr-330	1113	42	which	which	PRON
ftr-330	1113	43	are	be	AUX
ftr-330	1113	44	designed	design	VERB
ftr-330	1113	45	to	to	PART
ftr-330	1113	46	escape	escape	VERB
ftr-330	1113	47	subpart	subpart	NOUN
ftr-330	1113	48	f	f	NOUN
ftr-330	1113	49	by	by	ADP
ftr-330	1113	50	moving	move	VERB
ftr-330	1113	51	a	a	DET
ftr-330	1113	52	widelyheld	widelyheld	NOUN
ftr-330	1113	53	u.s	u.s	PROPN
ftr-330	1113	54	.	.	PROPN
ftr-330	1113	55	multinational	multinational	ADJ
ftr-330	1113	56	corporation	corporation	NOUN
ftr-330	1113	57	’s	’s	PART
ftr-330	1113	58	place	place	NOUN
ftr-330	1113	59	of	of	ADP
ftr-330	1113	60	incorporation	incorporation	NOUN
ftr-330	1113	61	abroad	abroad	ADV
ftr-330	1113	62	.	.	PUNCT
ftr-330	1114	1	(	(	PUNCT
ftr-330	1114	2	the	the	DET
ftr-330	1114	3	u.s	u.s	PROPN
ftr-330	1114	4	.	.	PROPN
ftr-330	1114	5	applies	apply	VERB
ftr-330	1114	6	a	a	DET
ftr-330	1114	7	place	place	NOUN
ftr-330	1114	8	of	of	ADP
ftr-330	1114	9	incorporation	incorporation	NOUN
ftr-330	1114	10	test	test	NOUN
ftr-330	1114	11	to	to	PART
ftr-330	1114	12	determine	determine	VERB
ftr-330	1114	13	corporate	corporate	ADJ
ftr-330	1114	14	residency	residency	NOUN
ftr-330	1114	15	.	.	PUNCT
ftr-330	1114	16	)	)	PUNCT
ftr-330	1115	1	if	if	SCONJ
ftr-330	1115	2	80	80	NUM
ftr-330	1115	3	percent	percent	NOUN
ftr-330	1115	4	or	or	CCONJ
ftr-330	1115	5	more	more	ADJ
ftr-330	1115	6	of	of	ADP
ftr-330	1115	7	the	the	DET
ftr-330	1115	8	interests	interest	NOUN
ftr-330	1115	9	in	in	ADP
ftr-330	1115	10	the	the	DET
ftr-330	1115	11	new	new	ADJ
ftr-330	1115	12	foreign	foreign	ADJ
ftr-330	1115	13	parent	parent	NOUN
ftr-330	1115	14	created	create	VERB
ftr-330	1115	15	in	in	ADP
ftr-330	1115	16	the	the	DET
ftr-330	1115	17	inversion	inversion	NOUN
ftr-330	1115	18	are	be	AUX
ftr-330	1115	19	owned	own	VERB
ftr-330	1115	20	by	by	ADP
ftr-330	1115	21	former	former	ADJ
ftr-330	1115	22	shareholders	shareholder	NOUN
ftr-330	1115	23	of	of	ADP
ftr-330	1115	24	the	the	DET
ftr-330	1115	25	u.s	u.s	PROPN
ftr-330	1115	26	.	.	PROPN
ftr-330	1115	27	corporation	corporation	PROPN
ftr-330	1115	28	,	,	PUNCT
ftr-330	1115	29	the	the	DET
ftr-330	1115	30	foreign	foreign	ADJ
ftr-330	1115	31	parent	parent	NOUN
ftr-330	1115	32	(	(	PUNCT
ftr-330	1115	33	statutorily	statutorily	ADV
ftr-330	1115	34	termed	term	VERB
ftr-330	1115	35	a	a	DET
ftr-330	1115	36	“	"	PUNCT
ftr-330	1115	37	surrogate	surrogate	ADJ
ftr-330	1115	38	foreign	foreign	ADJ
ftr-330	1115	39	corporation	corporation	NOUN
ftr-330	1115	40	”	"	PUNCT
ftr-330	1115	41	)	)	PUNCT
ftr-330	1115	42	continues	continue	VERB
ftr-330	1115	43	to	to	PART
ftr-330	1115	44	be	be	AUX
ftr-330	1115	45	treated	treat	VERB
ftr-330	1115	46	as	as	ADP
ftr-330	1115	47	a	a	DET
ftr-330	1115	48	u.s	u.s	PROPN
ftr-330	1115	49	.	.	PROPN
ftr-330	1115	50	corporation	corporation	PROPN
ftr-330	1115	51	.	.	PUNCT
ftr-330	1116	1	treaty	treaty	NOUN
ftr-330	1116	2	provisions	provision	NOUN
ftr-330	1116	3	that	that	PRON
ftr-330	1116	4	would	would	AUX
ftr-330	1116	5	prevent	prevent	VERB
ftr-330	1116	6	this	this	DET
ftr-330	1116	7	treatment	treatment	NOUN
ftr-330	1116	8	are	be	AUX
ftr-330	1116	9	expressly	expressly	ADV
ftr-330	1116	10	overridden	overridden	ADJ
ftr-330	1116	11	.	.	PUNCT
ftr-330	1117	1	as	as	ADP
ftr-330	1117	2	a	a	DET
ftr-330	1117	3	result	result	NOUN
ftr-330	1117	4	,	,	PUNCT
ftr-330	1117	5	subpart	subpart	PROPN
ftr-330	1117	6	f	f	PROPN
ftr-330	1117	7	continues	continue	VERB
ftr-330	1117	8	to	to	PART
ftr-330	1117	9	apply	apply	VERB
ftr-330	1117	10	to	to	ADP
ftr-330	1117	11	the	the	DET
ftr-330	1117	12	group	group	NOUN
ftr-330	1117	13	and	and	CCONJ
ftr-330	1117	14	the	the	DET
ftr-330	1117	15	parent	parent	NOUN
ftr-330	1117	16	is	be	AUX
ftr-330	1117	17	taxed	tax	VERB
ftr-330	1117	18	on	on	ADP
ftr-330	1117	19	any	any	DET
ftr-330	1117	20	foreign	foreign	ADJ
ftr-330	1117	21	source	source	NOUN
ftr-330	1117	22	income	income	NOUN
ftr-330	1117	23	it	it	PRON
ftr-330	1117	24	earns	earn	VERB
ftr-330	1117	25	directly	directly	ADV
ftr-330	1117	26	.	.	PUNCT
ftr-330	1118	1	if	if	SCONJ
ftr-330	1118	2	the	the	DET
ftr-330	1118	3	former	former	ADJ
ftr-330	1118	4	u.s	u.s	PROPN
ftr-330	1118	5	.	.	PROPN
ftr-330	1118	6	shareholders	shareholder	NOUN
ftr-330	1118	7	own	own	VERB
ftr-330	1118	8	at	at	ADV
ftr-330	1118	9	least	least	ADV
ftr-330	1118	10	60	60	NUM
ftr-330	1118	11	percent	percent	NOUN
ftr-330	1118	12	but	but	CCONJ
ftr-330	1118	13	less	less	ADJ
ftr-330	1118	14	than	than	ADP
ftr-330	1118	15	80	80	NUM
ftr-330	1118	16	percent	percent	NOUN
ftr-330	1118	17	of	of	ADP
ftr-330	1118	18	the	the	DET
ftr-330	1118	19	new	new	ADJ
ftr-330	1118	20	foreign	foreign	ADJ
ftr-330	1118	21	parent	parent	NOUN
ftr-330	1118	22	,	,	PUNCT
ftr-330	1118	23	its	its	PRON
ftr-330	1118	24	status	status	NOUN
ftr-330	1118	25	as	as	ADP
ftr-330	1118	26	a	a	DET
ftr-330	1118	27	foreign	foreign	ADJ
ftr-330	1118	28	corporation	corporation	NOUN
ftr-330	1118	29	will	will	AUX
ftr-330	1118	30	be	be	AUX
ftr-330	1118	31	respected	respect	VERB
ftr-330	1118	32	but	but	CCONJ
ftr-330	1118	33	the	the	DET
ftr-330	1118	34	inverted	inverted	ADJ
ftr-330	1118	35	u.s	u.s	PROPN
ftr-330	1118	36	.	.	PROPN
ftr-330	1118	37	corporation	corporation	NOUN
ftr-330	1118	38	can	can	AUX
ftr-330	1118	39	not	not	PART
ftr-330	1118	40	use	use	VERB
ftr-330	1118	41	any	any	PRON
ftr-330	1118	42	of	of	ADP
ftr-330	1118	43	its	its	PRON
ftr-330	1118	44	tax	tax	NOUN
ftr-330	1118	45	attributes	attribute	NOUN
ftr-330	1118	46	,	,	PUNCT
ftr-330	1118	47	such	such	ADJ
ftr-330	1118	48	as	as	ADP
ftr-330	1118	49	net	net	ADJ
ftr-330	1118	50	operating	operating	NOUN
ftr-330	1118	51	loss	loss	NOUN
ftr-330	1118	52	carryforwards	carryforward	NOUN
ftr-330	1118	53	or	or	CCONJ
ftr-330	1118	54	foreign	foreign	ADJ
ftr-330	1118	55	tax	tax	NOUN
ftr-330	1118	56	credits	credit	NOUN
ftr-330	1118	57	,	,	PUNCT
ftr-330	1118	58	to	to	PART
ftr-330	1118	59	offset	offset	VERB
ftr-330	1118	60	the	the	DET
ftr-330	1118	61	corporate	corporate	ADJ
ftr-330	1118	62	level	level	NOUN
ftr-330	1118	63	“	"	PUNCT
ftr-330	1118	64	inversion	inversion	NOUN
ftr-330	1118	65	gain	gain	NOUN
ftr-330	1118	66	”	"	PUNCT
ftr-330	1118	67	realized	realize	VERB
ftr-330	1118	68	on	on	ADP
ftr-330	1118	69	the	the	DET
ftr-330	1118	70	inversion	inversion	NOUN
ftr-330	1118	71	transaction.232	transaction.232	NOUN
ftr-330	1118	72	inversion	inversion	NOUN
ftr-330	1118	73	gain	gain	NOUN
ftr-330	1118	74	includes	include	VERB
ftr-330	1118	75	any	any	DET
ftr-330	1118	76	gain	gain	NOUN
ftr-330	1118	77	realized	realize	VERB
ftr-330	1118	78	on	on	ADP
ftr-330	1118	79	the	the	DET
ftr-330	1118	80	inversion	inversion	NOUN
ftr-330	1118	81	or	or	CCONJ
ftr-330	1118	82	any	any	DET
ftr-330	1118	83	gain	gain	NOUN
ftr-330	1118	84	realized	realize	VERB
ftr-330	1118	85	on	on	ADP
ftr-330	1118	86	the	the	DET
ftr-330	1118	87	transfer	transfer	NOUN
ftr-330	1118	88	of	of	ADP
ftr-330	1118	89	assets	asset	NOUN
ftr-330	1118	90	to	to	ADP
ftr-330	1118	91	a	a	DET
ftr-330	1118	92	related	related	ADJ
ftr-330	1118	93	foreign	foreign	ADJ
ftr-330	1118	94	inversion	inversion	NOUN
ftr-330	1118	95	,	,	PUNCT
ftr-330	1118	96	including	include	VERB
ftr-330	1118	97	royalties	royalty	NOUN
ftr-330	1118	98	on	on	ADP
ftr-330	1118	99	licensed	licensed	ADJ
ftr-330	1118	100	intangibles	intangible	NOUN
ftr-330	1118	101	,	,	PUNCT
ftr-330	1118	102	for	for	ADP
ftr-330	1118	103	a	a	DET
ftr-330	1118	104	ten	ten	NUM
ftr-330	1118	105	-	-	PUNCT
ftr-330	1118	106	year	year	NOUN
ftr-330	1118	107	period	period	NOUN
ftr-330	1118	108	after	after	ADP
ftr-330	1118	109	the	the	DET
ftr-330	1118	110	inversion	inversion	NOUN
ftr-330	1118	111	transfer	transfer	NOUN
ftr-330	1118	112	.	.	PUNCT
ftr-330	1119	1	neither	neither	PRON
ftr-330	1119	2	of	of	ADP
ftr-330	1119	3	these	these	DET
ftr-330	1119	4	rules	rule	NOUN
ftr-330	1119	5	applies	apply	VERB
ftr-330	1119	6	,	,	PUNCT
ftr-330	1119	7	however	however	ADV
ftr-330	1119	8	,	,	PUNCT
ftr-330	1119	9	if	if	SCONJ
ftr-330	1119	10	the	the	DET
ftr-330	1119	11	foreign	foreign	ADJ
ftr-330	1119	12	corporation	corporation	NOUN
ftr-330	1119	13	has	have	VERB
ftr-330	1119	14	substantial	substantial	ADJ
ftr-330	1119	15	business	business	NOUN
ftr-330	1119	16	activities	activity	NOUN
ftr-330	1119	17	in	in	ADP
ftr-330	1119	18	the	the	DET
ftr-330	1119	19	country	country	NOUN
ftr-330	1119	20	of	of	ADP
ftr-330	1119	21	its	its	PRON
ftr-330	1119	22	incorporation	incorporation	NOUN
ftr-330	1119	23	.	.	PUNCT
ftr-330	1120	1	231	231	NUM
ftr-330	1120	2	.	.	PUNCT
ftr-330	1121	1	see	see	VERB
ftr-330	1121	2	lawrence	lawrence	PROPN
ftr-330	1121	3	lokken	lokken	PROPN
ftr-330	1121	4	,	,	PUNCT
ftr-330	1121	5	whatever	whatever	PRON
ftr-330	1121	6	happened	happen	VERB
ftr-330	1121	7	to	to	PART
ftr-330	1121	8	subpart	subpart	PROPN
ftr-330	1121	9	f	f	PROPN
ftr-330	1121	10	u.s	u.s	PROPN
ftr-330	1121	11	.	.	PROPN
ftr-330	1121	12	cfc	cfc	PROPN
ftr-330	1121	13	legislation	legislation	NOUN
ftr-330	1121	14	after	after	ADP
ftr-330	1121	15	the	the	DET
ftr-330	1121	16	check	check	VERB
ftr-330	1121	17	-	-	PUNCT
ftr-330	1121	18	the	the	DET
ftr-330	1121	19	-	-	PUNCT
ftr-330	1121	20	box	box	NOUN
ftr-330	1121	21	regulations	regulation	NOUN
ftr-330	1121	22	,	,	PUNCT
ftr-330	1121	23	7	7	NUM
ftr-330	1121	24	fla	fla	NOUN
ftr-330	1121	25	.	.	PUNCT
ftr-330	1122	1	tax	tax	PROPN
ftr-330	1122	2	rev	rev	PROPN
ftr-330	1122	3	.	.	PROPN
ftr-330	1122	4	185	185	NUM
ftr-330	1122	5	(	(	PUNCT
ftr-330	1122	6	2005	2005	NUM
ftr-330	1122	7	)	)	PUNCT
ftr-330	1122	8	.	.	PUNCT
ftr-330	1123	1	232	232	X
ftr-330	1123	2	.	.	PUNCT
ftr-330	1123	3	i.r.c	i.r.c	NOUN
ftr-330	1123	4	.	.	PUNCT
ftr-330	1124	1	§	§	PROPN
ftr-330	1124	2	7874(a	7874(a	NOUN
ftr-330	1124	3	)	)	PUNCT
ftr-330	1124	4	.	.	PUNCT
ftr-330	1125	1	2012	2012	NUM
ftr-330	1125	2	]	]	PUNCT
ftr-330	1125	3	understanding	understand	VERB
ftr-330	1125	4	consolidated	consolidated	ADJ
ftr-330	1125	5	returns	return	NOUN
ftr-330	1125	6	179	179	NUM
ftr-330	1125	7	c.	c.	NOUN
ftr-330	1125	8	foreign	foreign	ADJ
ftr-330	1125	9	tax	tax	NOUN
ftr-330	1125	10	credit	credit	NOUN
ftr-330	1125	11	1	1	NUM
ftr-330	1125	12	.	.	PUNCT
ftr-330	1125	13	direct	direct	ADJ
ftr-330	1125	14	credit	credit	NOUN
ftr-330	1125	15	u.s	u.s	PROPN
ftr-330	1125	16	.	.	PROPN
ftr-330	1125	17	citizens	citizen	NOUN
ftr-330	1125	18	and	and	CCONJ
ftr-330	1125	19	corporations	corporation	NOUN
ftr-330	1125	20	can	can	AUX
ftr-330	1125	21	either	either	CCONJ
ftr-330	1125	22	deduct	deduct	VERB
ftr-330	1125	23	foreign	foreign	ADJ
ftr-330	1125	24	income	income	NOUN
ftr-330	1125	25	taxes	taxis	NOUN
ftr-330	1125	26	under	under	ADP
ftr-330	1125	27	section	section	NOUN
ftr-330	1125	28	164	164	NUM
ftr-330	1125	29	or	or	CCONJ
ftr-330	1125	30	claim	claim	VERB
ftr-330	1125	31	a	a	DET
ftr-330	1125	32	foreign	foreign	ADJ
ftr-330	1125	33	tax	tax	NOUN
ftr-330	1125	34	credit	credit	NOUN
ftr-330	1125	35	(	(	PUNCT
ftr-330	1125	36	ftc	ftc	PROPN
ftr-330	1125	37	)	)	PUNCT
ftr-330	1125	38	against	against	ADP
ftr-330	1125	39	their	their	PRON
ftr-330	1125	40	u.s	u.s	PROPN
ftr-330	1125	41	.	.	PROPN
ftr-330	1125	42	income	income	NOUN
ftr-330	1125	43	tax	tax	NOUN
ftr-330	1125	44	liability	liability	NOUN
ftr-330	1125	45	under	under	ADP
ftr-330	1125	46	section	section	NOUN
ftr-330	1125	47	27	27	NUM
ftr-330	1125	48	,	,	PUNCT
ftr-330	1125	49	calculated	calculate	VERB
ftr-330	1125	50	under	under	ADP
ftr-330	1125	51	the	the	DET
ftr-330	1125	52	rules	rule	NOUN
ftr-330	1125	53	in	in	ADP
ftr-330	1125	54	sections	section	NOUN
ftr-330	1125	55	901	901	NUM
ftr-330	1125	56	through	through	ADP
ftr-330	1125	57	908	908	NUM
ftr-330	1125	58	and	and	CCONJ
ftr-330	1125	59	960.233	960.233	NUM
ftr-330	1125	60	the	the	DET
ftr-330	1125	61	amount	amount	NOUN
ftr-330	1125	62	of	of	ADP
ftr-330	1125	63	the	the	DET
ftr-330	1125	64	ftc	ftc	PROPN
ftr-330	1125	65	is	be	AUX
ftr-330	1125	66	limited	limit	VERB
ftr-330	1125	67	to	to	ADP
ftr-330	1125	68	the	the	DET
ftr-330	1125	69	amount	amount	NOUN
ftr-330	1125	70	of	of	ADP
ftr-330	1125	71	u.s	u.s	PROPN
ftr-330	1125	72	.	.	PROPN
ftr-330	1125	73	tax	tax	NOUN
ftr-330	1125	74	imposed	impose	VERB
ftr-330	1125	75	on	on	ADP
ftr-330	1125	76	the	the	DET
ftr-330	1125	77	income.234	income.234	ADJ
ftr-330	1125	78	if	if	SCONJ
ftr-330	1125	79	the	the	DET
ftr-330	1125	80	foreign	foreign	ADJ
ftr-330	1125	81	tax	tax	NOUN
ftr-330	1125	82	is	be	AUX
ftr-330	1125	83	imposed	impose	VERB
ftr-330	1125	84	at	at	ADP
ftr-330	1125	85	a	a	DET
ftr-330	1125	86	higher	high	ADJ
ftr-330	1125	87	rate	rate	NOUN
ftr-330	1125	88	than	than	ADP
ftr-330	1125	89	the	the	DET
ftr-330	1125	90	u.s	u.s	PROPN
ftr-330	1125	91	.	.	PROPN
ftr-330	1125	92	rate	rate	NOUN
ftr-330	1125	93	,	,	PUNCT
ftr-330	1125	94	the	the	DET
ftr-330	1125	95	ftc	ftc	PROPN
ftr-330	1125	96	is	be	AUX
ftr-330	1125	97	based	base	VERB
ftr-330	1125	98	on	on	ADP
ftr-330	1125	99	the	the	DET
ftr-330	1125	100	tax	tax	NOUN
ftr-330	1125	101	at	at	ADP
ftr-330	1125	102	the	the	DET
ftr-330	1125	103	u.s	u.s	PROPN
ftr-330	1125	104	.	.	PROPN
ftr-330	1125	105	rate	rate	NOUN
ftr-330	1125	106	.	.	PUNCT
ftr-330	1126	1	the	the	DET
ftr-330	1126	2	ceiling	ceiling	NOUN
ftr-330	1126	3	on	on	ADP
ftr-330	1126	4	the	the	DET
ftr-330	1126	5	amount	amount	NOUN
ftr-330	1126	6	of	of	ADP
ftr-330	1126	7	the	the	DET
ftr-330	1126	8	ftc	ftc	PROPN
ftr-330	1126	9	can	can	AUX
ftr-330	1126	10	be	be	AUX
ftr-330	1126	11	expressed	express	VERB
ftr-330	1126	12	by	by	ADP
ftr-330	1126	13	the	the	DET
ftr-330	1126	14	following	follow	VERB
ftr-330	1126	15	formula	formula	NOUN
ftr-330	1126	16	:	:	PUNCT
ftr-330	1126	17	u.s	u.s	PROPN
ftr-330	1126	18	.	.	PROPN
ftr-330	1126	19	tax	tax	NOUN
ftr-330	1126	20	liability	liability	NOUN
ftr-330	1126	21	x	x	PUNCT
ftr-330	1126	22	foreign	foreign	ADJ
ftr-330	1126	23	source	source	NOUN
ftr-330	1126	24	taxable	taxable	ADJ
ftr-330	1126	25	income	income	NOUN
ftr-330	1126	26	worldwide	worldwide	ADV
ftr-330	1126	27	taxable	taxable	ADJ
ftr-330	1126	28	income	income	NOUN
ftr-330	1126	29	excess	excess	ADJ
ftr-330	1126	30	ftcs	ftcs	NOUN
ftr-330	1126	31	above	above	ADP
ftr-330	1126	32	the	the	DET
ftr-330	1126	33	ceiling	ceiling	NOUN
ftr-330	1126	34	can	can	AUX
ftr-330	1126	35	be	be	AUX
ftr-330	1126	36	carried	carry	VERB
ftr-330	1126	37	back	back	ADV
ftr-330	1126	38	one	one	NUM
ftr-330	1126	39	year	year	NOUN
ftr-330	1126	40	and	and	CCONJ
ftr-330	1126	41	forward	forward	ADV
ftr-330	1126	42	ten	ten	NUM
ftr-330	1126	43	years.235	years.235	NUM
ftr-330	1126	44	the	the	DET
ftr-330	1126	45	ftc	ftc	PROPN
ftr-330	1126	46	is	be	AUX
ftr-330	1126	47	limited	limit	VERB
ftr-330	1126	48	to	to	ADP
ftr-330	1126	49	the	the	DET
ftr-330	1126	50	amount	amount	NOUN
ftr-330	1126	51	of	of	ADP
ftr-330	1126	52	u.s	u.s	PROPN
ftr-330	1126	53	.	.	PROPN
ftr-330	1126	54	tax	tax	NOUN
ftr-330	1126	55	imposed	impose	VERB
ftr-330	1126	56	on	on	ADP
ftr-330	1126	57	foreign	foreign	ADJ
ftr-330	1126	58	source	source	NOUN
ftr-330	1126	59	income	income	NOUN
ftr-330	1126	60	.	.	PUNCT
ftr-330	1127	1	the	the	DET
ftr-330	1127	2	limitation	limitation	NOUN
ftr-330	1127	3	on	on	ADP
ftr-330	1127	4	the	the	DET
ftr-330	1127	5	ftc	ftc	PROPN
ftr-330	1127	6	is	be	AUX
ftr-330	1127	7	imposed	impose	VERB
ftr-330	1127	8	separately	separately	ADV
ftr-330	1127	9	on	on	ADP
ftr-330	1127	10	two	two	NUM
ftr-330	1127	11	categories	category	NOUN
ftr-330	1127	12	of	of	ADP
ftr-330	1127	13	foreign	foreign	ADJ
ftr-330	1127	14	source	source	NOUN
ftr-330	1127	15	income	income	NOUN
ftr-330	1127	16	—	—	PUNCT
ftr-330	1127	17	(	(	PUNCT
ftr-330	1127	18	1	1	X
ftr-330	1127	19	)	)	PUNCT
ftr-330	1127	20	the	the	DET
ftr-330	1127	21	general	general	ADJ
ftr-330	1127	22	income	income	NOUN
ftr-330	1127	23	category	category	NOUN
ftr-330	1127	24	,	,	PUNCT
ftr-330	1127	25	and	and	CCONJ
ftr-330	1127	26	(	(	PUNCT
ftr-330	1127	27	2	2	X
ftr-330	1127	28	)	)	PUNCT
ftr-330	1127	29	the	the	DET
ftr-330	1127	30	passive	passive	ADJ
ftr-330	1127	31	income	income	NOUN
ftr-330	1127	32	category	category	NOUN
ftr-330	1127	33	.	.	PUNCT
ftr-330	1128	1	the	the	DET
ftr-330	1128	2	passive	passive	ADJ
ftr-330	1128	3	income	income	NOUN
ftr-330	1128	4	category	category	NOUN
ftr-330	1128	5	includes	include	VERB
ftr-330	1128	6	dividends	dividend	NOUN
ftr-330	1128	7	from	from	ADP
ftr-330	1128	8	foreign	foreign	ADJ
ftr-330	1128	9	corporations	corporation	NOUN
ftr-330	1128	10	in	in	ADP
ftr-330	1128	11	which	which	PRON
ftr-330	1128	12	a	a	DET
ftr-330	1128	13	u.s	u.s	PROPN
ftr-330	1128	14	.	.	PROPN
ftr-330	1128	15	corporate	corporate	ADJ
ftr-330	1128	16	shareholder	shareholder	NOUN
ftr-330	1128	17	owns	own	VERB
ftr-330	1128	18	less	less	ADJ
ftr-330	1128	19	than	than	ADP
ftr-330	1128	20	ten	ten	NUM
ftr-330	1128	21	percent	percent	NOUN
ftr-330	1128	22	of	of	ADP
ftr-330	1128	23	the	the	DET
ftr-330	1128	24	stock,236	stock,236	ADJ
ftr-330	1128	25	interest	interest	NOUN
ftr-330	1128	26	,	,	PUNCT
ftr-330	1128	27	annuities	annuity	NOUN
ftr-330	1128	28	,	,	PUNCT
ftr-330	1128	29	certain	certain	ADJ
ftr-330	1128	30	rents	rent	NOUN
ftr-330	1128	31	and	and	CCONJ
ftr-330	1128	32	royalties	royalty	NOUN
ftr-330	1128	33	and	and	CCONJ
ftr-330	1128	34	net	net	ADJ
ftr-330	1128	35	gains	gain	NOUN
ftr-330	1128	36	from	from	ADP
ftr-330	1128	37	sales	sale	NOUN
ftr-330	1128	38	of	of	ADP
ftr-330	1128	39	assets	asset	NOUN
ftr-330	1128	40	that	that	PRON
ftr-330	1128	41	produce	produce	VERB
ftr-330	1128	42	passive	passive	ADJ
ftr-330	1128	43	income	income	NOUN
ftr-330	1128	44	.	.	PUNCT
ftr-330	1129	1	the	the	DET
ftr-330	1129	2	general	general	ADJ
ftr-330	1129	3	income	income	NOUN
ftr-330	1129	4	category	category	NOUN
ftr-330	1129	5	includes	include	VERB
ftr-330	1129	6	all	all	DET
ftr-330	1129	7	income	income	NOUN
ftr-330	1129	8	that	that	PRON
ftr-330	1129	9	is	be	AUX
ftr-330	1129	10	not	not	PART
ftr-330	1129	11	passive	passive	ADJ
ftr-330	1129	12	category	category	NOUN
ftr-330	1129	13	income.237	income.237	NUM
ftr-330	1129	14	dividends	dividend	NOUN
ftr-330	1129	15	,	,	PUNCT
ftr-330	1129	16	interest	interest	NOUN
ftr-330	1129	17	,	,	PUNCT
ftr-330	1129	18	rents	rent	NOUN
ftr-330	1129	19	and	and	CCONJ
ftr-330	1129	20	royalties	royalty	NOUN
ftr-330	1129	21	from	from	ADP
ftr-330	1129	22	a	a	DET
ftr-330	1129	23	corporation	corporation	NOUN
ftr-330	1129	24	in	in	ADP
ftr-330	1129	25	which	which	PRON
ftr-330	1129	26	a	a	DET
ftr-330	1129	27	u.s	u.s	PROPN
ftr-330	1129	28	.	.	PROPN
ftr-330	1129	29	corporate	corporate	ADJ
ftr-330	1129	30	shareholder	shareholder	NOUN
ftr-330	1129	31	owns	own	VERB
ftr-330	1129	32	at	at	ADP
ftr-330	1129	33	least	least	ADV
ftr-330	1129	34	ten	ten	NUM
ftr-330	1129	35	percent	percent	NOUN
ftr-330	1129	36	of	of	ADP
ftr-330	1129	37	the	the	DET
ftr-330	1129	38	stock	stock	NOUN
ftr-330	1129	39	or	or	CCONJ
ftr-330	1129	40	from	from	ADP
ftr-330	1129	41	a	a	DET
ftr-330	1129	42	controlled	control	VERB
ftr-330	1129	43	foreign	foreign	ADJ
ftr-330	1129	44	corporation	corporation	NOUN
ftr-330	1129	45	(	(	PUNCT
ftr-330	1129	46	cfc	cfc	PROPN
ftr-330	1129	47	)	)	PUNCT
ftr-330	1129	48	are	be	AUX
ftr-330	1129	49	assigned	assign	VERB
ftr-330	1129	50	to	to	ADP
ftr-330	1129	51	the	the	DET
ftr-330	1129	52	proper	proper	ADJ
ftr-330	1129	53	basket	basket	NOUN
ftr-330	1129	54	by	by	ADP
ftr-330	1129	55	“	"	PUNCT
ftr-330	1129	56	looking	look	VERB
ftr-330	1129	57	through	through	ADP
ftr-330	1129	58	”	"	PUNCT
ftr-330	1129	59	to	to	ADP
ftr-330	1129	60	the	the	DET
ftr-330	1129	61	character	character	NOUN
ftr-330	1129	62	of	of	ADP
ftr-330	1129	63	the	the	DET
ftr-330	1129	64	underlying	underlie	VERB
ftr-330	1129	65	income	income	NOUN
ftr-330	1129	66	of	of	ADP
ftr-330	1129	67	the	the	DET
ftr-330	1129	68	foreign	foreign	ADJ
ftr-330	1129	69	corporation	corporation	NOUN
ftr-330	1129	70	from	from	ADP
ftr-330	1129	71	which	which	PRON
ftr-330	1129	72	the	the	DET
ftr-330	1129	73	payment	payment	NOUN
ftr-330	1129	74	was	be	AUX
ftr-330	1129	75	made	make	VERB
ftr-330	1129	76	.	.	PUNCT
ftr-330	1130	1	233	233	NUM
ftr-330	1130	2	.	.	PUNCT
ftr-330	1131	1	the	the	DET
ftr-330	1131	2	credit	credit	NOUN
ftr-330	1131	3	applies	apply	VERB
ftr-330	1131	4	only	only	ADV
ftr-330	1131	5	to	to	ADP
ftr-330	1131	6	foreign	foreign	ADJ
ftr-330	1131	7	income	income	NOUN
ftr-330	1131	8	,	,	PUNCT
ftr-330	1131	9	war	war	NOUN
ftr-330	1131	10	profits	profit	NOUN
ftr-330	1131	11	,	,	PUNCT
ftr-330	1131	12	and	and	CCONJ
ftr-330	1131	13	excess	excess	ADJ
ftr-330	1131	14	profits	profit	NOUN
ftr-330	1131	15	taxes	taxis	NOUN
ftr-330	1131	16	.	.	PUNCT
ftr-330	1132	1	i.r.c	i.r.c	NOUN
ftr-330	1132	2	.	.	PUNCT
ftr-330	1133	1	§	§	PROPN
ftr-330	1133	2	901(b)(1	901(b)(1	NUM
ftr-330	1133	3	)	)	PUNCT
ftr-330	1133	4	.	.	PUNCT
ftr-330	1134	1	special	special	ADJ
ftr-330	1134	2	limitations	limitation	NOUN
ftr-330	1134	3	apply	apply	VERB
ftr-330	1134	4	to	to	ADP
ftr-330	1134	5	the	the	DET
ftr-330	1134	6	credit	credit	NOUN
ftr-330	1134	7	with	with	ADP
ftr-330	1134	8	respect	respect	NOUN
ftr-330	1134	9	to	to	ADP
ftr-330	1134	10	foreign	foreign	ADJ
ftr-330	1134	11	mineral	mineral	NOUN
ftr-330	1134	12	income	income	NOUN
ftr-330	1134	13	.	.	PUNCT
ftr-330	1135	1	i.r.c	i.r.c	NOUN
ftr-330	1135	2	.	.	PUNCT
ftr-330	1136	1	§	§	PROPN
ftr-330	1136	2	901(e	901(e	PROPN
ftr-330	1136	3	)	)	PUNCT
ftr-330	1136	4	.	.	PUNCT
ftr-330	1137	1	234	234	NUM
ftr-330	1137	2	.	.	PUNCT
ftr-330	1137	3	i.r.c	i.r.c	NOUN
ftr-330	1137	4	.	.	PUNCT
ftr-330	1138	1	§	§	PROPN
ftr-330	1138	2	904	904	NUM
ftr-330	1138	3	.	.	PUNCT
ftr-330	1138	4	235	235	NUM
ftr-330	1138	5	.	.	PUNCT
ftr-330	1138	6	i.r.c	i.r.c	NOUN
ftr-330	1138	7	.	.	PUNCT
ftr-330	1139	1	§	§	PROPN
ftr-330	1139	2	904(c	904(c	PROPN
ftr-330	1139	3	)	)	PUNCT
ftr-330	1139	4	.	.	PUNCT
ftr-330	1140	1	236	236	NUM
ftr-330	1140	2	.	.	PUNCT
ftr-330	1140	3	section	section	NOUN
ftr-330	1140	4	901(k	901(k	PROPN
ftr-330	1140	5	)	)	PUNCT
ftr-330	1140	6	disallows	disallow	VERB
ftr-330	1140	7	the	the	DET
ftr-330	1140	8	foreign	foreign	ADJ
ftr-330	1140	9	tax	tax	NOUN
ftr-330	1140	10	credit	credit	NOUN
ftr-330	1140	11	for	for	ADP
ftr-330	1140	12	withholding	withhold	VERB
ftr-330	1140	13	taxes	taxis	NOUN
ftr-330	1140	14	on	on	ADP
ftr-330	1140	15	dividends	dividend	NOUN
ftr-330	1140	16	if	if	SCONJ
ftr-330	1140	17	the	the	DET
ftr-330	1140	18	stock	stock	NOUN
ftr-330	1140	19	is	be	AUX
ftr-330	1140	20	held	hold	VERB
ftr-330	1140	21	for	for	ADP
ftr-330	1140	22	15	15	NUM
ftr-330	1140	23	days	day	NOUN
ftr-330	1140	24	or	or	CCONJ
ftr-330	1140	25	less	less	ADJ
ftr-330	1140	26	.	.	PUNCT
ftr-330	1141	1	237	237	NUM
ftr-330	1141	2	.	.	PUNCT
ftr-330	1142	1	special	special	ADJ
ftr-330	1142	2	rules	rule	NOUN
ftr-330	1142	3	are	be	AUX
ftr-330	1142	4	provided	provide	VERB
ftr-330	1142	5	for	for	ADP
ftr-330	1142	6	high	high	ADJ
ftr-330	1142	7	-	-	PUNCT
ftr-330	1142	8	taxed	tax	VERB
ftr-330	1142	9	income	income	NOUN
ftr-330	1142	10	(	(	PUNCT
ftr-330	1142	11	i.r.c	i.r.c	NOUN
ftr-330	1142	12	.	.	PUNCT
ftr-330	1143	1	§	§	PROPN
ftr-330	1143	2	904(d)(2)(f	904(d)(2)(f	PROPN
ftr-330	1143	3	)	)	PUNCT
ftr-330	1143	4	)	)	PUNCT
ftr-330	1144	1	and	and	CCONJ
ftr-330	1144	2	financial	financial	ADJ
ftr-330	1144	3	services	service	NOUN
ftr-330	1144	4	income	income	NOUN
ftr-330	1144	5	(	(	PUNCT
ftr-330	1144	6	i.r.c	i.r.c	NOUN
ftr-330	1144	7	.	.	PUNCT
ftr-330	1145	1	§	§	PROPN
ftr-330	1145	2	904(d)(2)(c	904(d)(2)(c	PROPN
ftr-330	1145	3	)	)	PUNCT
ftr-330	1145	4	)	)	PUNCT
ftr-330	1146	1	180	180	NUM
ftr-330	1146	2	florida	florida	PROPN
ftr-330	1146	3	tax	tax	NOUN
ftr-330	1146	4	review	review	NOUN
ftr-330	1146	5	[	[	X
ftr-330	1146	6	vol	vol	NOUN
ftr-330	1146	7	.	.	PUNCT
ftr-330	1147	1	12:3	12:3	NUM
ftr-330	1147	2	2	2	NUM
ftr-330	1147	3	.	.	PUNCT
ftr-330	1147	4	indirect	indirect	ADJ
ftr-330	1147	5	credit	credit	NOUN
ftr-330	1147	6	foreign	foreign	ADJ
ftr-330	1147	7	income	income	NOUN
ftr-330	1147	8	taxes	taxis	NOUN
ftr-330	1147	9	paid	pay	VERB
ftr-330	1147	10	by	by	ADP
ftr-330	1147	11	a	a	DET
ftr-330	1147	12	foreign	foreign	ADJ
ftr-330	1147	13	corporation	corporation	NOUN
ftr-330	1147	14	are	be	AUX
ftr-330	1147	15	not	not	PART
ftr-330	1147	16	normally	normally	ADV
ftr-330	1147	17	creditable	creditable	ADJ
ftr-330	1147	18	by	by	ADP
ftr-330	1147	19	a	a	DET
ftr-330	1147	20	u.s	u.s	PROPN
ftr-330	1147	21	.	.	PROPN
ftr-330	1147	22	shareholder	shareholder	NOUN
ftr-330	1147	23	of	of	ADP
ftr-330	1147	24	the	the	DET
ftr-330	1147	25	foreign	foreign	ADJ
ftr-330	1147	26	corporation	corporation	NOUN
ftr-330	1147	27	.	.	PUNCT
ftr-330	1148	1	however	however	ADV
ftr-330	1148	2	,	,	PUNCT
ftr-330	1148	3	if	if	SCONJ
ftr-330	1148	4	a	a	DET
ftr-330	1148	5	u.s	u.s	PROPN
ftr-330	1148	6	.	.	PROPN
ftr-330	1148	7	corporation	corporation	NOUN
ftr-330	1148	8	directly	directly	ADV
ftr-330	1148	9	owns	own	VERB
ftr-330	1148	10	at	at	ADP
ftr-330	1148	11	least	least	ADV
ftr-330	1148	12	10	10	NUM
ftr-330	1148	13	percent	percent	NOUN
ftr-330	1148	14	of	of	ADP
ftr-330	1148	15	the	the	DET
ftr-330	1148	16	voting	voting	NOUN
ftr-330	1148	17	stock	stock	NOUN
ftr-330	1148	18	of	of	ADP
ftr-330	1148	19	a	a	DET
ftr-330	1148	20	foreign	foreign	ADJ
ftr-330	1148	21	corporation	corporation	NOUN
ftr-330	1148	22	from	from	ADP
ftr-330	1148	23	which	which	PRON
ftr-330	1148	24	it	it	PRON
ftr-330	1148	25	receives	receive	VERB
ftr-330	1148	26	a	a	DET
ftr-330	1148	27	dividend	dividend	NOUN
ftr-330	1148	28	,	,	PUNCT
ftr-330	1148	29	the	the	DET
ftr-330	1148	30	u.s	u.s	PROPN
ftr-330	1148	31	.	.	PROPN
ftr-330	1148	32	corporation	corporation	NOUN
ftr-330	1148	33	is	be	AUX
ftr-330	1148	34	deemed	deem	VERB
ftr-330	1148	35	to	to	PART
ftr-330	1148	36	have	have	AUX
ftr-330	1148	37	paid	pay	VERB
ftr-330	1148	38	the	the	DET
ftr-330	1148	39	foreign	foreign	ADJ
ftr-330	1148	40	income	income	NOUN
ftr-330	1148	41	taxes	taxis	NOUN
ftr-330	1148	42	paid	pay	VERB
ftr-330	1148	43	by	by	ADP
ftr-330	1148	44	the	the	DET
ftr-330	1148	45	subsidiary	subsidiary	NOUN
ftr-330	1148	46	attributable	attributable	ADJ
ftr-330	1148	47	to	to	ADP
ftr-330	1148	48	the	the	DET
ftr-330	1148	49	dividend.238	dividend.238	NOUN
ftr-330	1148	50	as	as	ADP
ftr-330	1148	51	a	a	DET
ftr-330	1148	52	result	result	NOUN
ftr-330	1148	53	,	,	PUNCT
ftr-330	1148	54	the	the	DET
ftr-330	1148	55	u.s	u.s	PROPN
ftr-330	1148	56	.	.	PROPN
ftr-330	1148	57	corporation	corporation	NOUN
ftr-330	1148	58	is	be	AUX
ftr-330	1148	59	entitled	entitle	VERB
ftr-330	1148	60	to	to	ADP
ftr-330	1148	61	a	a	DET
ftr-330	1148	62	foreign	foreign	ADJ
ftr-330	1148	63	tax	tax	NOUN
ftr-330	1148	64	credit	credit	NOUN
ftr-330	1148	65	under	under	ADP
ftr-330	1148	66	section	section	NOUN
ftr-330	1148	67	901	901	NUM
ftr-330	1148	68	for	for	ADP
ftr-330	1148	69	those	those	DET
ftr-330	1148	70	taxes	taxis	NOUN
ftr-330	1148	71	.	.	PUNCT
ftr-330	1149	1	to	to	PART
ftr-330	1149	2	treat	treat	VERB
ftr-330	1149	3	repatriated	repatriate	VERB
ftr-330	1149	4	subsidiary	subsidiary	ADJ
ftr-330	1149	5	profits	profit	NOUN
ftr-330	1149	6	in	in	ADP
ftr-330	1149	7	the	the	DET
ftr-330	1149	8	same	same	ADJ
ftr-330	1149	9	manner	manner	NOUN
ftr-330	1149	10	as	as	ADP
ftr-330	1149	11	profits	profit	NOUN
ftr-330	1149	12	from	from	ADP
ftr-330	1149	13	direct	direct	ADJ
ftr-330	1149	14	foreign	foreign	ADJ
ftr-330	1149	15	branch	branch	NOUN
ftr-330	1149	16	operations	operation	NOUN
ftr-330	1149	17	for	for	ADP
ftr-330	1149	18	purposes	purpose	NOUN
ftr-330	1149	19	of	of	ADP
ftr-330	1149	20	the	the	DET
ftr-330	1149	21	foreign	foreign	ADJ
ftr-330	1149	22	tax	tax	NOUN
ftr-330	1149	23	credit	credit	NOUN
ftr-330	1149	24	,	,	PUNCT
ftr-330	1149	25	section	section	NOUN
ftr-330	1149	26	78	78	NUM
ftr-330	1149	27	requires	require	VERB
ftr-330	1149	28	the	the	DET
ftr-330	1149	29	u.s	u.s	PROPN
ftr-330	1149	30	.	.	PROPN
ftr-330	1149	31	parent	parent	NOUN
ftr-330	1149	32	to	to	PART
ftr-330	1149	33	include	include	VERB
ftr-330	1149	34	the	the	DET
ftr-330	1149	35	amount	amount	NOUN
ftr-330	1149	36	of	of	ADP
ftr-330	1149	37	the	the	DET
ftr-330	1149	38	credit	credit	NOUN
ftr-330	1149	39	in	in	ADP
ftr-330	1149	40	its	its	PRON
ftr-330	1149	41	income	income	NOUN
ftr-330	1149	42	.	.	PUNCT
ftr-330	1150	1	the	the	DET
ftr-330	1150	2	indirect	indirect	ADJ
ftr-330	1150	3	credit	credit	NOUN
ftr-330	1150	4	also	also	ADV
ftr-330	1150	5	applies	apply	VERB
ftr-330	1150	6	with	with	ADP
ftr-330	1150	7	respect	respect	NOUN
ftr-330	1150	8	to	to	ADP
ftr-330	1150	9	dividends	dividend	NOUN
ftr-330	1150	10	paid	pay	VERB
ftr-330	1150	11	by	by	ADP
ftr-330	1150	12	second	second	ADJ
ftr-330	1150	13	,	,	PUNCT
ftr-330	1150	14	third	third	ADJ
ftr-330	1150	15	,	,	PUNCT
ftr-330	1150	16	fourth	fourth	ADJ
ftr-330	1150	17	,	,	PUNCT
ftr-330	1150	18	fifth	fifth	ADJ
ftr-330	1150	19	and	and	CCONJ
ftr-330	1150	20	sixth	sixth	ADJ
ftr-330	1150	21	tier	tier	NOUN
ftr-330	1150	22	foreign	foreign	ADJ
ftr-330	1150	23	corporations	corporation	NOUN
ftr-330	1150	24	if	if	SCONJ
ftr-330	1150	25	each	each	DET
ftr-330	1150	26	respective	respective	ADJ
ftr-330	1150	27	parent	parent	NOUN
ftr-330	1150	28	meets	meet	VERB
ftr-330	1150	29	the	the	DET
ftr-330	1150	30	10	10	NUM
ftr-330	1150	31	percent	percent	NOUN
ftr-330	1150	32	voting	vote	VERB
ftr-330	1150	33	stock	stock	NOUN
ftr-330	1150	34	requirement	requirement	NOUN
ftr-330	1150	35	,	,	PUNCT
ftr-330	1150	36	provided	provide	VERB
ftr-330	1150	37	the	the	DET
ftr-330	1150	38	u.s	u.s	PROPN
ftr-330	1150	39	.	.	PROPN
ftr-330	1150	40	parent	parent	NOUN
ftr-330	1150	41	has	have	VERB
ftr-330	1150	42	indirect	indirect	ADJ
ftr-330	1150	43	ownership	ownership	NOUN
ftr-330	1150	44	in	in	ADP
ftr-330	1150	45	each	each	DET
ftr-330	1150	46	subsidiary	subsidiary	NOUN
ftr-330	1150	47	of	of	ADP
ftr-330	1150	48	at	at	ADV
ftr-330	1150	49	least	least	ADV
ftr-330	1150	50	five	five	NUM
ftr-330	1150	51	percent	percent	NOUN
ftr-330	1150	52	.	.	PUNCT
ftr-330	1151	1	for	for	ADP
ftr-330	1151	2	foreign	foreign	ADJ
ftr-330	1151	3	corporations	corporation	NOUN
ftr-330	1151	4	below	below	ADP
ftr-330	1151	5	the	the	DET
ftr-330	1151	6	third	third	ADJ
ftr-330	1151	7	tier	tier	NOUN
ftr-330	1151	8	,	,	PUNCT
ftr-330	1151	9	the	the	DET
ftr-330	1151	10	corporation	corporation	NOUN
ftr-330	1151	11	must	must	AUX
ftr-330	1151	12	be	be	AUX
ftr-330	1151	13	a	a	DET
ftr-330	1151	14	cfc	cfc	NOUN
ftr-330	1151	15	for	for	ADP
ftr-330	1151	16	the	the	DET
ftr-330	1151	17	indirect	indirect	ADJ
ftr-330	1151	18	credit	credit	NOUN
ftr-330	1151	19	to	to	PART
ftr-330	1151	20	be	be	AUX
ftr-330	1151	21	available	available	ADJ
ftr-330	1151	22	.	.	PUNCT
ftr-330	1152	1	d.	d.	PROPN
ftr-330	1152	2	dual	dual	ADJ
ftr-330	1152	3	consolidated	consolidated	ADJ
ftr-330	1152	4	losses	loss	NOUN
ftr-330	1152	5	section	section	NOUN
ftr-330	1152	6	1503(d	1503(d	NOUN
ftr-330	1152	7	)	)	PUNCT
ftr-330	1152	8	denies	deny	VERB
ftr-330	1152	9	the	the	DET
ftr-330	1152	10	use	use	NOUN
ftr-330	1152	11	of	of	ADP
ftr-330	1152	12	the	the	DET
ftr-330	1152	13	losses	loss	NOUN
ftr-330	1152	14	of	of	ADP
ftr-330	1152	15	one	one	NUM
ftr-330	1152	16	u.s	u.s	PROPN
ftr-330	1152	17	.	.	PROPN
ftr-330	1152	18	corporation	corporation	NOUN
ftr-330	1152	19	by	by	ADP
ftr-330	1152	20	another	another	DET
ftr-330	1152	21	affiliated	affiliate	VERB
ftr-330	1152	22	u.s	u.s	PROPN
ftr-330	1152	23	.	.	PROPN
ftr-330	1152	24	corporation	corporation	NOUN
ftr-330	1152	25	where	where	SCONJ
ftr-330	1152	26	the	the	DET
ftr-330	1152	27	loss	loss	NOUN
ftr-330	1152	28	corporation	corporation	NOUN
ftr-330	1152	29	is	be	AUX
ftr-330	1152	30	also	also	ADV
ftr-330	1152	31	subject	subject	ADJ
ftr-330	1152	32	to	to	ADP
ftr-330	1152	33	the	the	DET
ftr-330	1152	34	income	income	NOUN
ftr-330	1152	35	tax	tax	NOUN
ftr-330	1152	36	of	of	ADP
ftr-330	1152	37	a	a	DET
ftr-330	1152	38	foreign	foreign	ADJ
ftr-330	1152	39	country	country	NOUN
ftr-330	1152	40	.	.	PUNCT
ftr-330	1153	1	section	section	NOUN
ftr-330	1153	2	1503(d	1503(d	NOUN
ftr-330	1153	3	)	)	PUNCT
ftr-330	1153	4	was	be	AUX
ftr-330	1153	5	enacted	enact	VERB
ftr-330	1153	6	to	to	PART
ftr-330	1153	7	prevent	prevent	VERB
ftr-330	1153	8	the	the	DET
ftr-330	1153	9	double	double	ADJ
ftr-330	1153	10	counting	counting	NOUN
ftr-330	1153	11	of	of	ADP
ftr-330	1153	12	net	net	ADJ
ftr-330	1153	13	operating	operating	NOUN
ftr-330	1153	14	losses	loss	NOUN
ftr-330	1153	15	resulting	result	VERB
ftr-330	1153	16	from	from	ADP
ftr-330	1153	17	a	a	DET
ftr-330	1153	18	member	member	NOUN
ftr-330	1153	19	of	of	ADP
ftr-330	1153	20	a	a	DET
ftr-330	1153	21	consolidated	consolidated	ADJ
ftr-330	1153	22	group	group	NOUN
ftr-330	1153	23	being	be	AUX
ftr-330	1153	24	a	a	DET
ftr-330	1153	25	u.s	u.s	PROPN
ftr-330	1153	26	.	.	PROPN
ftr-330	1153	27	corporation	corporation	NOUN
ftr-330	1153	28	for	for	ADP
ftr-330	1153	29	u.s	u.s	PROPN
ftr-330	1153	30	.	.	PROPN
ftr-330	1153	31	tax	tax	NOUN
ftr-330	1153	32	purposes	purpose	NOUN
ftr-330	1153	33	and	and	CCONJ
ftr-330	1153	34	simultaneously	simultaneously	ADV
ftr-330	1153	35	being	be	AUX
ftr-330	1153	36	a	a	DET
ftr-330	1153	37	domestic	domestic	ADJ
ftr-330	1153	38	corporation	corporation	NOUN
ftr-330	1153	39	of	of	ADP
ftr-330	1153	40	another	another	DET
ftr-330	1153	41	country	country	NOUN
ftr-330	1153	42	for	for	ADP
ftr-330	1153	43	purposes	purpose	NOUN
ftr-330	1153	44	of	of	ADP
ftr-330	1153	45	that	that	DET
ftr-330	1153	46	country	country	NOUN
ftr-330	1153	47	’s	’s	PART
ftr-330	1153	48	tax	tax	NOUN
ftr-330	1153	49	laws	law	NOUN
ftr-330	1153	50	(	(	PUNCT
ftr-330	1153	51	i.e.	i.e.	X
ftr-330	1153	52	,	,	PUNCT
ftr-330	1153	53	a	a	DET
ftr-330	1153	54	dual	dual	ADJ
ftr-330	1153	55	resident	resident	ADJ
ftr-330	1153	56	corporation	corporation	NOUN
ftr-330	1153	57	)	)	PUNCT
ftr-330	1153	58	.	.	PUNCT
ftr-330	1154	1	if	if	SCONJ
ftr-330	1154	2	the	the	DET
ftr-330	1154	3	consolidation	consolidation	NOUN
ftr-330	1154	4	regime	regime	NOUN
ftr-330	1154	5	of	of	ADP
ftr-330	1154	6	a	a	DET
ftr-330	1154	7	foreign	foreign	ADJ
ftr-330	1154	8	country	country	NOUN
ftr-330	1154	9	generally	generally	ADV
ftr-330	1154	10	allows	allow	VERB
ftr-330	1154	11	losses	loss	NOUN
ftr-330	1154	12	of	of	ADP
ftr-330	1154	13	a	a	DET
ftr-330	1154	14	dual	dual	ADJ
ftr-330	1154	15	resident	resident	ADJ
ftr-330	1154	16	corporation	corporation	NOUN
ftr-330	1154	17	to	to	PART
ftr-330	1154	18	be	be	AUX
ftr-330	1154	19	offset	offset	VERB
ftr-330	1154	20	against	against	ADP
ftr-330	1154	21	income	income	NOUN
ftr-330	1154	22	of	of	ADP
ftr-330	1154	23	affiliated	affiliated	ADJ
ftr-330	1154	24	corporations	corporation	NOUN
ftr-330	1154	25	,	,	PUNCT
ftr-330	1154	26	a	a	DET
ftr-330	1154	27	net	net	ADJ
ftr-330	1154	28	operating	operating	NOUN
ftr-330	1154	29	loss	loss	NOUN
ftr-330	1154	30	of	of	ADP
ftr-330	1154	31	the	the	DET
ftr-330	1154	32	corporation	corporation	NOUN
ftr-330	1154	33	is	be	AUX
ftr-330	1154	34	a	a	DET
ftr-330	1154	35	dual	dual	ADJ
ftr-330	1154	36	consolidated	consolidated	ADJ
ftr-330	1154	37	loss	loss	NOUN
ftr-330	1154	38	,	,	PUNCT
ftr-330	1154	39	even	even	ADV
ftr-330	1154	40	if	if	SCONJ
ftr-330	1154	41	the	the	DET
ftr-330	1154	42	foreign	foreign	ADJ
ftr-330	1154	43	country	country	NOUN
ftr-330	1154	44	’s	’s	PART
ftr-330	1154	45	equivalent	equivalent	NOUN
ftr-330	1154	46	of	of	ADP
ftr-330	1154	47	the	the	DET
ftr-330	1154	48	dual	dual	ADJ
ftr-330	1154	49	consolidated	consolidated	ADJ
ftr-330	1154	50	loss	loss	NOUN
ftr-330	1154	51	rule	rule	NOUN
ftr-330	1154	52	disallows	disallow	VERB
ftr-330	1154	53	the	the	DET
ftr-330	1154	54	loss	loss	NOUN
ftr-330	1154	55	.	.	PUNCT
ftr-330	1155	1	however	however	ADV
ftr-330	1155	2	,	,	PUNCT
ftr-330	1155	3	the	the	DET
ftr-330	1155	4	regulations	regulation	NOUN
ftr-330	1155	5	permit	permit	VERB
ftr-330	1155	6	a	a	DET
ftr-330	1155	7	method	method	NOUN
ftr-330	1155	8	by	by	ADP
ftr-330	1155	9	which	which	PRON
ftr-330	1155	10	the	the	DET
ftr-330	1155	11	loss	loss	NOUN
ftr-330	1155	12	can	can	AUX
ftr-330	1155	13	be	be	AUX
ftr-330	1155	14	allowed	allow	VERB
ftr-330	1155	15	pursuant	pursuant	ADJ
ftr-330	1155	16	to	to	ADP
ftr-330	1155	17	an	an	DET
ftr-330	1155	18	agreement	agreement	NOUN
ftr-330	1155	19	with	with	ADP
ftr-330	1155	20	the	the	DET
ftr-330	1155	21	other	other	ADJ
ftr-330	1155	22	country	country	NOUN
ftr-330	1155	23	that	that	PRON
ftr-330	1155	24	permits	permit	VERB
ftr-330	1155	25	the	the	DET
ftr-330	1155	26	loss	loss	NOUN
ftr-330	1155	27	to	to	PART
ftr-330	1155	28	be	be	AUX
ftr-330	1155	29	deducted	deduct	VERB
ftr-330	1155	30	in	in	ADP
ftr-330	1155	31	only	only	ADV
ftr-330	1155	32	one	one	NUM
ftr-330	1155	33	country.239	country.239	NOUN
ftr-330	1155	34	a	a	DET
ftr-330	1155	35	“	"	PUNCT
ftr-330	1155	36	separate	separate	ADJ
ftr-330	1155	37	unit	unit	NOUN
ftr-330	1155	38	”	"	PUNCT
ftr-330	1155	39	of	of	ADP
ftr-330	1155	40	a	a	DET
ftr-330	1155	41	u.s	u.s	PROPN
ftr-330	1155	42	.	.	PROPN
ftr-330	1155	43	corporation	corporation	NOUN
ftr-330	1155	44	is	be	AUX
ftr-330	1155	45	treated	treat	VERB
ftr-330	1155	46	as	as	ADP
ftr-330	1155	47	a	a	DET
ftr-330	1155	48	dual	dual	ADJ
ftr-330	1155	49	resident	resident	ADJ
ftr-330	1155	50	corporation	corporation	NOUN
ftr-330	1155	51	.	.	PUNCT
ftr-330	1156	1	separate	separate	ADJ
ftr-330	1156	2	entities	entity	NOUN
ftr-330	1156	3	include	include	VERB
ftr-330	1156	4	foreign	foreign	ADJ
ftr-330	1156	5	branches	branch	NOUN
ftr-330	1156	6	,	,	PUNCT
ftr-330	1156	7	partnership	partnership	NOUN
ftr-330	1156	8	interests	interest	NOUN
ftr-330	1156	9	and	and	CCONJ
ftr-330	1156	10	trust	trust	NOUN
ftr-330	1156	11	interests	interest	NOUN
ftr-330	1156	12	,	,	PUNCT
ftr-330	1156	13	as	as	ADV
ftr-330	1156	14	well	well	ADV
ftr-330	1156	15	as	as	ADP
ftr-330	1156	16	hybrid	hybrid	ADJ
ftr-330	1156	17	entities	entity	NOUN
ftr-330	1156	18	.	.	PUNCT
ftr-330	1157	1	a	a	DET
ftr-330	1157	2	hybrid	hybrid	ADJ
ftr-330	1157	3	entity	entity	NOUN
ftr-330	1157	4	separate	separate	ADJ
ftr-330	1157	5	unit	unit	NOUN
ftr-330	1157	6	is	be	AUX
ftr-330	1157	7	an	an	DET
ftr-330	1157	8	entity	entity	NOUN
ftr-330	1157	9	that	that	PRON
ftr-330	1157	10	is	be	AUX
ftr-330	1157	11	treated	treat	VERB
ftr-330	1157	12	as	as	ADP
ftr-330	1157	13	a	a	DET
ftr-330	1157	14	disregarded	disregarded	ADJ
ftr-330	1157	15	entity	entity	NOUN
ftr-330	1157	16	or	or	CCONJ
ftr-330	1157	17	partnership	partnership	NOUN
ftr-330	1157	18	for	for	ADP
ftr-330	1157	19	u.s	u.s	PROPN
ftr-330	1157	20	.	.	PROPN
ftr-330	1157	21	tax	tax	PROPN
ftr-330	1157	22	238	238	NUM
ftr-330	1157	23	.	.	PUNCT
ftr-330	1157	24	i.r.c	i.r.c	NOUN
ftr-330	1157	25	.	.	PUNCT
ftr-330	1158	1	§	§	PROPN
ftr-330	1158	2	902	902	NUM
ftr-330	1158	3	.	.	PUNCT
ftr-330	1158	4	239	239	NUM
ftr-330	1158	5	.	.	PUNCT
ftr-330	1159	1	reg	reg	NOUN
ftr-330	1159	2	.	.	PUNCT
ftr-330	1160	1	§	§	PROPN
ftr-330	1160	2	1.1503–2(g)(1	1.1503–2(g)(1	NUM
ftr-330	1160	3	)	)	PUNCT
ftr-330	1160	4	.	.	PUNCT
ftr-330	1161	1	2012	2012	NUM
ftr-330	1161	2	]	]	PUNCT
ftr-330	1161	3	understanding	understand	VERB
ftr-330	1161	4	consolidated	consolidated	ADJ
ftr-330	1161	5	returns	return	NOUN
ftr-330	1161	6	181	181	NUM
ftr-330	1161	7	purposes	purpose	NOUN
ftr-330	1161	8	but	but	CCONJ
ftr-330	1161	9	under	under	ADP
ftr-330	1161	10	the	the	DET
ftr-330	1161	11	laws	law	NOUN
ftr-330	1161	12	of	of	ADP
ftr-330	1161	13	a	a	DET
ftr-330	1161	14	foreign	foreign	ADJ
ftr-330	1161	15	country	country	NOUN
ftr-330	1161	16	is	be	AUX
ftr-330	1161	17	taxed	tax	VERB
ftr-330	1161	18	as	as	ADP
ftr-330	1161	19	a	a	DET
ftr-330	1161	20	corporation	corporation	NOUN
ftr-330	1161	21	either	either	CCONJ
ftr-330	1161	22	on	on	ADP
ftr-330	1161	23	its	its	PRON
ftr-330	1161	24	worldwide	worldwide	ADJ
ftr-330	1161	25	income	income	NOUN
ftr-330	1161	26	or	or	CCONJ
ftr-330	1161	27	on	on	ADP
ftr-330	1161	28	a	a	DET
ftr-330	1161	29	residence	residence	NOUN
ftr-330	1161	30	basis.240	basis.240	NOUN
ftr-330	1161	31	foreign	foreign	ADJ
ftr-330	1161	32	entities	entity	NOUN
ftr-330	1161	33	that	that	PRON
ftr-330	1161	34	are	be	AUX
ftr-330	1161	35	per	per	ADP
ftr-330	1161	36	se	se	X
ftr-330	1161	37	corporations	corporation	NOUN
ftr-330	1161	38	are	be	AUX
ftr-330	1161	39	listed	list	VERB
ftr-330	1161	40	in	in	ADP
ftr-330	1161	41	the	the	DET
ftr-330	1161	42	treasury	treasury	NOUN
ftr-330	1161	43	regulations.241	regulations.241	VERB
ftr-330	1161	44	the	the	DET
ftr-330	1161	45	following	following	NOUN
ftr-330	1161	46	are	be	AUX
ftr-330	1161	47	among	among	ADP
ftr-330	1161	48	the	the	DET
ftr-330	1161	49	many	many	ADJ
ftr-330	1161	50	others	other	NOUN
ftr-330	1161	51	included	include	VERB
ftr-330	1161	52	as	as	ADP
ftr-330	1161	53	per	per	ADP
ftr-330	1161	54	se	se	X
ftr-330	1161	55	corporations	corporation	NOUN
ftr-330	1161	56	:	:	PUNCT
ftr-330	1162	1	belgium	belgium	NOUN
ftr-330	1162	2	,	,	PUNCT
ftr-330	1162	3	societe	societe	ADJ
ftr-330	1162	4	anonyme	anonyme	PROPN
ftr-330	1162	5	;	;	PUNCT
ftr-330	1162	6	france	france	PROPN
ftr-330	1162	7	,	,	PUNCT
ftr-330	1162	8	societe	societe	NOUN
ftr-330	1162	9	anonyme	anonyme	PROPN
ftr-330	1162	10	;	;	PUNCT
ftr-330	1162	11	germany	germany	PROPN
ftr-330	1162	12	,	,	PUNCT
ftr-330	1162	13	aktiengesellschaft	aktiengesellschaft	PROPN
ftr-330	1162	14	;	;	PUNCT
ftr-330	1162	15	italy	italy	PROPN
ftr-330	1162	16	,	,	PUNCT
ftr-330	1162	17	societa	societa	PROPN
ftr-330	1162	18	per	per	ADP
ftr-330	1162	19	azioni	azioni	PROPN
ftr-330	1162	20	;	;	PUNCT
ftr-330	1162	21	ireland	ireland	PROPN
ftr-330	1162	22	,	,	PUNCT
ftr-330	1162	23	public	public	ADJ
ftr-330	1162	24	limited	limited	ADJ
ftr-330	1162	25	company	company	NOUN
ftr-330	1162	26	;	;	PUNCT
ftr-330	1162	27	luxembourg	luxembourg	PROPN
ftr-330	1162	28	,	,	PUNCT
ftr-330	1162	29	societe	societe	NOUN
ftr-330	1162	30	anonyme	anonyme	PROPN
ftr-330	1162	31	;	;	PUNCT
ftr-330	1162	32	netherlands	netherlands	PROPN
ftr-330	1162	33	,	,	PUNCT
ftr-330	1162	34	naamloze	naamloze	NOUN
ftr-330	1162	35	vennootschap	vennootschap	PROPN
ftr-330	1162	36	;	;	PUNCT
ftr-330	1162	37	norway	norway	PROPN
ftr-330	1162	38	,	,	PUNCT
ftr-330	1162	39	allment	allment	NOUN
ftr-330	1162	40	aksjeselskap	aksjeselskap	PROPN
ftr-330	1162	41	;	;	PUNCT
ftr-330	1162	42	spain	spain	PROPN
ftr-330	1162	43	,	,	PUNCT
ftr-330	1162	44	sociedad	sociedad	PROPN
ftr-330	1162	45	anonima	anonima	PROPN
ftr-330	1162	46	;	;	PUNCT
ftr-330	1162	47	sweden	sweden	PROPN
ftr-330	1162	48	,	,	PUNCT
ftr-330	1162	49	publica	publica	PROPN
ftr-330	1162	50	aktiebolog	aktiebolog	PROPN
ftr-330	1162	51	;	;	PUNCT
ftr-330	1162	52	switzerland	switzerland	PROPN
ftr-330	1162	53	,	,	PUNCT
ftr-330	1162	54	aktiengesellschaft	aktiengesellschaft	PROPN
ftr-330	1162	55	;	;	PUNCT
ftr-330	1162	56	united	united	ADJ
ftr-330	1162	57	kingdom	kingdom	PROPN
ftr-330	1162	58	,	,	PUNCT
ftr-330	1162	59	public	public	ADJ
ftr-330	1162	60	limited	limited	ADJ
ftr-330	1162	61	company	company	NOUN
ftr-330	1162	62	.	.	PUNCT
ftr-330	1163	1	for	for	ADP
ftr-330	1163	2	foreign	foreign	ADJ
ftr-330	1163	3	entities	entity	NOUN
ftr-330	1163	4	with	with	ADP
ftr-330	1163	5	limited	limited	ADJ
ftr-330	1163	6	liability	liability	NOUN
ftr-330	1163	7	that	that	PRON
ftr-330	1163	8	are	be	AUX
ftr-330	1163	9	not	not	PART
ftr-330	1163	10	per	per	ADP
ftr-330	1163	11	se	se	X
ftr-330	1163	12	corporations	corporation	NOUN
ftr-330	1163	13	,	,	PUNCT
ftr-330	1163	14	the	the	DET
ftr-330	1163	15	default	default	NOUN
ftr-330	1163	16	rule	rule	NOUN
ftr-330	1163	17	is	be	AUX
ftr-330	1163	18	that	that	SCONJ
ftr-330	1163	19	the	the	DET
ftr-330	1163	20	entity	entity	NOUN
ftr-330	1163	21	is	be	AUX
ftr-330	1163	22	a	a	DET
ftr-330	1163	23	corporation	corporation	NOUN
ftr-330	1163	24	unless	unless	SCONJ
ftr-330	1163	25	it	it	PRON
ftr-330	1163	26	elects	elect	VERB
ftr-330	1163	27	to	to	PART
ftr-330	1163	28	be	be	AUX
ftr-330	1163	29	a	a	DET
ftr-330	1163	30	partnership	partnership	NOUN
ftr-330	1163	31	or	or	CCONJ
ftr-330	1163	32	disregarded	disregard	VERB
ftr-330	1163	33	entity.242	entity.242	PROPN
ftr-330	1163	34	for	for	ADP
ftr-330	1163	35	u.s	u.s	PROPN
ftr-330	1163	36	.	.	PROPN
ftr-330	1163	37	tax	tax	NOUN
ftr-330	1163	38	purposes	purpose	NOUN
ftr-330	1163	39	a	a	DET
ftr-330	1163	40	foreign	foreign	ADJ
ftr-330	1163	41	entity	entity	NOUN
ftr-330	1163	42	lacking	lack	VERB
ftr-330	1163	43	in	in	ADP
ftr-330	1163	44	limited	limited	ADJ
ftr-330	1163	45	liability	liability	NOUN
ftr-330	1163	46	is	be	AUX
ftr-330	1163	47	treated	treat	VERB
ftr-330	1163	48	as	as	ADP
ftr-330	1163	49	a	a	DET
ftr-330	1163	50	partnership	partnership	NOUN
ftr-330	1163	51	if	if	SCONJ
ftr-330	1163	52	it	it	PRON
ftr-330	1163	53	has	have	VERB
ftr-330	1163	54	two	two	NUM
ftr-330	1163	55	of	of	ADP
ftr-330	1163	56	more	more	ADJ
ftr-330	1163	57	members	member	NOUN
ftr-330	1163	58	or	or	CCONJ
ftr-330	1163	59	as	as	ADV
ftr-330	1163	60	disregarded	disregard	VERB
ftr-330	1163	61	if	if	SCONJ
ftr-330	1163	62	it	it	PRON
ftr-330	1163	63	has	have	VERB
ftr-330	1163	64	only	only	ADV
ftr-330	1163	65	one	one	NUM
ftr-330	1163	66	owner	owner	NOUN
ftr-330	1163	67	,	,	PUNCT
ftr-330	1163	68	unless	unless	SCONJ
ftr-330	1163	69	the	the	DET
ftr-330	1163	70	foreign	foreign	ADJ
ftr-330	1163	71	entity	entity	NOUN
ftr-330	1163	72	elects	elect	NOUN
ftr-330	1163	73	to	to	PART
ftr-330	1163	74	be	be	AUX
ftr-330	1163	75	treated	treat	VERB
ftr-330	1163	76	as	as	ADP
ftr-330	1163	77	a	a	DET
ftr-330	1163	78	corporation.243	corporation.243	ADJ
ftr-330	1163	79	xii	xii	NOUN
ftr-330	1163	80	.	.	PUNCT
ftr-330	1164	1	conclusion	conclusion	NOUN
ftr-330	1164	2	the	the	DET
ftr-330	1164	3	u.s	u.s	PROPN
ftr-330	1164	4	.	.	PROPN
ftr-330	1164	5	consolidated	consolidated	PROPN
ftr-330	1164	6	return	return	NOUN
ftr-330	1164	7	rules	rule	NOUN
ftr-330	1164	8	are	be	AUX
ftr-330	1164	9	fearsomely	fearsomely	ADV
ftr-330	1164	10	complex	complex	ADJ
ftr-330	1164	11	,	,	PUNCT
ftr-330	1164	12	but	but	CCONJ
ftr-330	1164	13	they	they	PRON
ftr-330	1164	14	need	need	VERB
ftr-330	1164	15	to	to	PART
ftr-330	1164	16	be	be	AUX
ftr-330	1164	17	that	that	DET
ftr-330	1164	18	complex	complex	NOUN
ftr-330	1164	19	to	to	PART
ftr-330	1164	20	so	so	ADV
ftr-330	1164	21	thoroughly	thoroughly	ADV
ftr-330	1164	22	implement	implement	VERB
ftr-330	1164	23	the	the	DET
ftr-330	1164	24	“	"	PUNCT
ftr-330	1164	25	single	single	ADJ
ftr-330	1164	26	entity	entity	NOUN
ftr-330	1164	27	”	"	PUNCT
ftr-330	1164	28	approach	approach	NOUN
ftr-330	1164	29	to	to	ADP
ftr-330	1164	30	dealings	dealing	NOUN
ftr-330	1164	31	within	within	ADP
ftr-330	1164	32	the	the	DET
ftr-330	1164	33	group	group	NOUN
ftr-330	1164	34	,	,	PUNCT
ftr-330	1164	35	which	which	PRON
ftr-330	1164	36	attempts	attempt	VERB
ftr-330	1164	37	to	to	PART
ftr-330	1164	38	treat	treat	VERB
ftr-330	1164	39	the	the	DET
ftr-330	1164	40	several	several	ADJ
ftr-330	1164	41	members	member	NOUN
ftr-330	1164	42	of	of	ADP
ftr-330	1164	43	a	a	DET
ftr-330	1164	44	consolidated	consolidated	ADJ
ftr-330	1164	45	group	group	NOUN
ftr-330	1164	46	in	in	ADP
ftr-330	1164	47	the	the	DET
ftr-330	1164	48	same	same	ADJ
ftr-330	1164	49	manner	manner	NOUN
ftr-330	1164	50	as	as	ADP
ftr-330	1164	51	divisions	division	NOUN
ftr-330	1164	52	of	of	ADP
ftr-330	1164	53	a	a	DET
ftr-330	1164	54	single	single	ADJ
ftr-330	1164	55	corporation	corporation	NOUN
ftr-330	1164	56	.	.	PUNCT
ftr-330	1165	1	it	it	PRON
ftr-330	1165	2	has	have	AUX
ftr-330	1165	3	been	be	AUX
ftr-330	1165	4	critical	critical	ADJ
ftr-330	1165	5	to	to	ADP
ftr-330	1165	6	the	the	DET
ftr-330	1165	7	successful	successful	ADJ
ftr-330	1165	8	implementation	implementation	NOUN
ftr-330	1165	9	of	of	ADP
ftr-330	1165	10	the	the	DET
ftr-330	1165	11	“	"	PUNCT
ftr-330	1165	12	single	single	ADJ
ftr-330	1165	13	entity	entity	NOUN
ftr-330	1165	14	”	"	PUNCT
ftr-330	1165	15	approach	approach	NOUN
ftr-330	1165	16	that	that	PRON
ftr-330	1165	17	congress	congress	PROPN
ftr-330	1165	18	has	have	AUX
ftr-330	1165	19	left	leave	VERB
ftr-330	1165	20	the	the	DET
ftr-330	1165	21	development	development	NOUN
ftr-330	1165	22	of	of	ADP
ftr-330	1165	23	the	the	DET
ftr-330	1165	24	rules	rule	NOUN
ftr-330	1165	25	,	,	PUNCT
ftr-330	1165	26	other	other	ADJ
ftr-330	1165	27	the	the	DET
ftr-330	1165	28	definition	definition	NOUN
ftr-330	1165	29	of	of	ADP
ftr-330	1165	30	an	an	DET
ftr-330	1165	31	“	"	PUNCT
ftr-330	1165	32	affiliated	affiliated	ADJ
ftr-330	1165	33	group	group	NOUN
ftr-330	1165	34	”	"	PUNCT
ftr-330	1165	35	eligible	eligible	ADJ
ftr-330	1165	36	to	to	PART
ftr-330	1165	37	elect	elect	VERB
ftr-330	1165	38	to	to	PART
ftr-330	1165	39	file	file	VERB
ftr-330	1165	40	a	a	DET
ftr-330	1165	41	consolidated	consolidated	ADJ
ftr-330	1165	42	return	return	NOUN
ftr-330	1165	43	,	,	PUNCT
ftr-330	1165	44	entirely	entirely	ADV
ftr-330	1165	45	to	to	ADP
ftr-330	1165	46	the	the	DET
ftr-330	1165	47	treasury	treasury	PROPN
ftr-330	1165	48	department	department	PROPN
ftr-330	1165	49	and	and	CCONJ
ftr-330	1165	50	internal	internal	ADJ
ftr-330	1165	51	revenue	revenue	NOUN
ftr-330	1165	52	service	service	NOUN
ftr-330	1165	53	.	.	PUNCT
ftr-330	1166	1	moreover	moreover	ADV
ftr-330	1166	2	,	,	PUNCT
ftr-330	1166	3	the	the	DET
ftr-330	1166	4	one	one	NUM
ftr-330	1166	5	instance	instance	NOUN
ftr-330	1166	6	in	in	ADP
ftr-330	1166	7	which	which	PRON
ftr-330	1166	8	a	a	DET
ftr-330	1166	9	court	court	NOUN
ftr-330	1166	10	held	hold	VERB
ftr-330	1166	11	a	a	DET
ftr-330	1166	12	consolidated	consolidated	ADJ
ftr-330	1166	13	return	return	NOUN
ftr-330	1166	14	regulation	regulation	NOUN
ftr-330	1166	15	to	to	PART
ftr-330	1166	16	be	be	AUX
ftr-330	1166	17	invalid	invalid	ADJ
ftr-330	1166	18	on	on	ADP
ftr-330	1166	19	the	the	DET
ftr-330	1166	20	grounds	ground	NOUN
ftr-330	1166	21	that	that	SCONJ
ftr-330	1166	22	it	it	PRON
ftr-330	1166	23	was	be	AUX
ftr-330	1166	24	inconsistent	inconsistent	ADJ
ftr-330	1166	25	with	with	ADP
ftr-330	1166	26	a	a	DET
ftr-330	1166	27	provision	provision	NOUN
ftr-330	1166	28	of	of	ADP
ftr-330	1166	29	the	the	DET
ftr-330	1166	30	internal	internal	ADJ
ftr-330	1166	31	revenue	revenue	NOUN
ftr-330	1166	32	code244	code244	PROPN
ftr-330	1166	33	prompted	prompt	VERB
ftr-330	1166	34	congress	congress	PROPN
ftr-330	1166	35	to	to	PART
ftr-330	1166	36	amend	amend	VERB
ftr-330	1166	37	section	section	NOUN
ftr-330	1166	38	1502	1502	NUM
ftr-330	1166	39	specifically	specifically	ADV
ftr-330	1166	40	to	to	PART
ftr-330	1166	41	provide	provide	VERB
ftr-330	1166	42	that	that	SCONJ
ftr-330	1166	43	the	the	DET
ftr-330	1166	44	consolidated	consolidated	ADJ
ftr-330	1166	45	return	return	NOUN
ftr-330	1166	46	regulations	regulation	NOUN
ftr-330	1166	47	may	may	AUX
ftr-330	1166	48	contain	contain	VERB
ftr-330	1166	49	“	"	PUNCT
ftr-330	1166	50	rules	rule	NOUN
ftr-330	1166	51	that	that	PRON
ftr-330	1166	52	are	be	AUX
ftr-330	1166	53	different	different	ADJ
ftr-330	1166	54	from	from	ADP
ftr-330	1166	55	the	the	DET
ftr-330	1166	56	provisions	provision	NOUN
ftr-330	1166	57	.	.	PUNCT
ftr-330	1166	58	.	.	PUNCT
ftr-330	1166	59	.	.	PUNCT
ftr-330	1167	1	that	that	PRON
ftr-330	1167	2	would	would	AUX
ftr-330	1167	3	apply	apply	VERB
ftr-330	1167	4	if	if	SCONJ
ftr-330	1167	5	such	such	ADJ
ftr-330	1167	6	corporations	corporation	NOUN
ftr-330	1167	7	filed	file	VERB
ftr-330	1167	8	separate	separate	ADJ
ftr-330	1167	9	returns	return	NOUN
ftr-330	1167	10	.	.	PUNCT
ftr-330	1167	11	”	"	PUNCT
ftr-330	1168	1	there	there	PRON
ftr-330	1168	2	is	be	VERB
ftr-330	1168	3	,	,	PUNCT
ftr-330	1168	4	however	however	ADV
ftr-330	1168	5	,	,	PUNCT
ftr-330	1168	6	one	one	NUM
ftr-330	1168	7	glaring	glare	VERB
ftr-330	1168	8	statutory	statutory	ADJ
ftr-330	1168	9	weakness	weakness	NOUN
ftr-330	1168	10	in	in	ADP
ftr-330	1168	11	the	the	DET
ftr-330	1168	12	consolidated	consolidated	ADJ
ftr-330	1168	13	return	return	NOUN
ftr-330	1168	14	regime	regime	NOUN
ftr-330	1168	15	.	.	PUNCT
ftr-330	1169	1	that	that	DET
ftr-330	1169	2	weakness	weakness	NOUN
ftr-330	1169	3	is	be	AUX
ftr-330	1169	4	the	the	DET
ftr-330	1169	5	exclusion	exclusion	NOUN
ftr-330	1169	6	of	of	ADP
ftr-330	1169	7	foreign	foreign	ADJ
ftr-330	1169	8	affiliates	affiliate	NOUN
ftr-330	1169	9	in	in	ADP
ftr-330	1169	10	section	section	NOUN
ftr-330	1169	11	1504(b)(3	1504(b)(3	NUM
ftr-330	1169	12	)	)	PUNCT
ftr-330	1169	13	from	from	ADP
ftr-330	1169	14	the	the	DET
ftr-330	1169	15	consolidated	consolidated	ADJ
ftr-330	1169	16	return	return	NOUN
ftr-330	1169	17	.	.	PUNCT
ftr-330	1170	1	the	the	DET
ftr-330	1170	2	exclusion	exclusion	NOUN
ftr-330	1170	3	of	of	ADP
ftr-330	1170	4	foreign	foreign	ADJ
ftr-330	1170	5	affiliates	affiliate	NOUN
ftr-330	1170	6	form	form	VERB
ftr-330	1170	7	the	the	DET
ftr-330	1170	8	consolidated	consolidated	ADJ
ftr-330	1170	9	return	return	NOUN
ftr-330	1170	10	appears	appear	VERB
ftr-330	1170	11	to	to	PART
ftr-330	1170	12	have	have	AUX
ftr-330	1170	13	been	be	AUX
ftr-330	1170	14	as	as	ADV
ftr-330	1170	15	much	much	ADJ
ftr-330	1170	16	an	an	DET
ftr-330	1170	17	accident	accident	NOUN
ftr-330	1170	18	of	of	ADP
ftr-330	1170	19	the	the	DET
ftr-330	1170	20	early	early	ADJ
ftr-330	1170	21	history	history	NOUN
ftr-330	1170	22	of	of	ADP
ftr-330	1170	23	the	the	DET
ftr-330	1170	24	development	development	NOUN
ftr-330	1170	25	of	of	ADP
ftr-330	1170	26	various	various	ADJ
ftr-330	1170	27	code	code	NOUN
ftr-330	1170	28	240	240	NUM
ftr-330	1170	29	.	.	PUNCT
ftr-330	1171	1	reg	reg	NOUN
ftr-330	1171	2	.	.	PUNCT
ftr-330	1172	1	§	§	PROPN
ftr-330	1172	2	1.1503–2(c)(3	1.1503–2(c)(3	NUM
ftr-330	1172	3	)	)	PUNCT
ftr-330	1172	4	and	and	CCONJ
ftr-330	1172	5	(	(	PUNCT
ftr-330	1172	6	4	4	NUM
ftr-330	1172	7	)	)	PUNCT
ftr-330	1172	8	.	.	PUNCT
ftr-330	1173	1	241	241	X
ftr-330	1173	2	.	.	PUNCT
ftr-330	1173	3	reg	reg	PROPN
ftr-330	1173	4	.	.	PUNCT
ftr-330	1174	1	§	§	PROPN
ftr-330	1174	2	301.7701–2(b)(8)(i	301.7701–2(b)(8)(i	NUM
ftr-330	1174	3	)	)	PUNCT
ftr-330	1174	4	.	.	PUNCT
ftr-330	1175	1	242	242	NUM
ftr-330	1175	2	.	.	PUNCT
ftr-330	1176	1	reg	reg	NOUN
ftr-330	1176	2	.	.	PUNCT
ftr-330	1177	1	§	§	PROPN
ftr-330	1177	2	301.7701–3(b	301.7701–3(b	NUM
ftr-330	1177	3	)	)	PUNCT
ftr-330	1177	4	.	.	PUNCT
ftr-330	1178	1	243	243	NUM
ftr-330	1178	2	.	.	PUNCT
ftr-330	1179	1	reg	reg	NOUN
ftr-330	1179	2	.	.	PUNCT
ftr-330	1180	1	§	§	PROPN
ftr-330	1180	2	301.7701–3(b	301.7701–3(b	NUM
ftr-330	1180	3	)	)	PUNCT
ftr-330	1180	4	.	.	PUNCT
ftr-330	1181	1	244	244	NUM
ftr-330	1181	2	.	.	PUNCT
ftr-330	1182	1	rite	rite	ADJ
ftr-330	1182	2	-	-	PUNCT
ftr-330	1182	3	aid	aid	PROPN
ftr-330	1182	4	corp	corp	PROPN
ftr-330	1182	5	.	.	PROPN
ftr-330	1183	1	v.	v.	PROPN
ftr-330	1183	2	united	united	PROPN
ftr-330	1183	3	states	states	PROPN
ftr-330	1183	4	,	,	PUNCT
ftr-330	1183	5	255	255	NUM
ftr-330	1183	6	f.3d	f.3d	NUM
ftr-330	1183	7	1357	1357	NUM
ftr-330	1183	8	(	(	PUNCT
ftr-330	1183	9	fed	fed	PROPN
ftr-330	1183	10	.	.	PUNCT
ftr-330	1183	11	cir	cir	PROPN
ftr-330	1183	12	.	.	PROPN
ftr-330	1183	13	2001	2001	NUM
ftr-330	1183	14	)	)	PUNCT
ftr-330	1184	1	(	(	PUNCT
ftr-330	1184	2	invalidating	invalidate	VERB
ftr-330	1184	3	former	former	ADJ
ftr-330	1184	4	reg	reg	NOUN
ftr-330	1184	5	.	.	PUNCT
ftr-330	1185	1	§	§	PROPN
ftr-330	1185	2	1.1502	1.1502	NUM
ftr-330	1185	3	-	-	SYM
ftr-330	1185	4	120	120	NUM
ftr-330	1185	5	as	as	ADP
ftr-330	1185	6	manifestly	manifestly	ADV
ftr-330	1185	7	contrary	contrary	ADJ
ftr-330	1185	8	to	to	ADP
ftr-330	1185	9	section	section	NOUN
ftr-330	1185	10	165	165	NUM
ftr-330	1185	11	)	)	PUNCT
ftr-330	1185	12	.	.	PUNCT
ftr-330	1186	1	182	182	NUM
ftr-330	1186	2	florida	florida	PROPN
ftr-330	1186	3	tax	tax	NOUN
ftr-330	1186	4	review	review	NOUN
ftr-330	1187	1	[	[	X
ftr-330	1187	2	vol	vol	NOUN
ftr-330	1187	3	.	.	PUNCT
ftr-330	1188	1	12:3	12:3	NUM
ftr-330	1188	2	provisions	provision	NOUN
ftr-330	1188	3	dealing	deal	VERB
ftr-330	1188	4	with	with	ADP
ftr-330	1188	5	related	related	ADJ
ftr-330	1188	6	corporations	corporation	NOUN
ftr-330	1188	7	as	as	SCONJ
ftr-330	1188	8	it	it	PRON
ftr-330	1188	9	was	be	AUX
ftr-330	1188	10	a	a	DET
ftr-330	1188	11	carefully	carefully	ADV
ftr-330	1188	12	considered	consider	VERB
ftr-330	1188	13	policy	policy	NOUN
ftr-330	1188	14	decision	decision	NOUN
ftr-330	1188	15	.	.	PUNCT
ftr-330	1189	1	from	from	ADP
ftr-330	1189	2	a	a	DET
ftr-330	1189	3	policy	policy	NOUN
ftr-330	1189	4	perspective	perspective	NOUN
ftr-330	1189	5	,	,	PUNCT
ftr-330	1189	6	it	it	PRON
ftr-330	1189	7	would	would	AUX
ftr-330	1189	8	be	be	AUX
ftr-330	1189	9	much	much	ADV
ftr-330	1189	10	better	well	ADJ
ftr-330	1189	11	to	to	PART
ftr-330	1189	12	included	include	VERB
ftr-330	1189	13	foreign	foreign	ADJ
ftr-330	1189	14	affiliates	affiliate	NOUN
ftr-330	1189	15	in	in	ADP
ftr-330	1189	16	the	the	DET
ftr-330	1189	17	consolidated	consolidated	ADJ
ftr-330	1189	18	group.245	group.245	PROPN
ftr-330	1189	19	that	that	DET
ftr-330	1189	20	issue	issue	NOUN
ftr-330	1189	21	,	,	PUNCT
ftr-330	1189	22	however	however	ADV
ftr-330	1189	23	,	,	PUNCT
ftr-330	1189	24	has	have	AUX
ftr-330	1189	25	become	become	VERB
ftr-330	1189	26	part	part	NOUN
ftr-330	1189	27	of	of	ADP
ftr-330	1189	28	the	the	DET
ftr-330	1189	29	much	much	ADV
ftr-330	1189	30	larger	large	ADJ
ftr-330	1189	31	debate	debate	NOUN
ftr-330	1189	32	on	on	ADP
ftr-330	1189	33	whether	whether	SCONJ
ftr-330	1189	34	the	the	DET
ftr-330	1189	35	united	united	PROPN
ftr-330	1189	36	states	states	PROPN
ftr-330	1189	37	should	should	AUX
ftr-330	1189	38	move	move	VERB
ftr-330	1189	39	from	from	ADP
ftr-330	1189	40	its	its	PRON
ftr-330	1189	41	quasi	quasi	ADJ
ftr-330	1189	42	-	-	ADJ
ftr-330	1189	43	world	world	NOUN
ftr-330	1189	44	-	-	PUNCT
ftr-330	1189	45	wide	wide	ADJ
ftr-330	1189	46	-	-	PUNCT
ftr-330	1189	47	taxation	taxation	NOUN
ftr-330	1189	48	/	/	PUNCT
ftr-330	1189	49	semi	semi	ADJ
ftr-330	1189	50	-	-	ADJ
ftr-330	1189	51	territorial	territorial	ADJ
ftr-330	1189	52	tax	tax	NOUN
ftr-330	1189	53	system	system	NOUN
ftr-330	1189	54	to	to	ADP
ftr-330	1189	55	either	either	CCONJ
ftr-330	1189	56	a	a	DET
ftr-330	1189	57	robust	robust	ADJ
ftr-330	1189	58	world	world	NOUN
ftr-330	1189	59	-	-	PUNCT
ftr-330	1189	60	wide	wide	ADJ
ftr-330	1189	61	-	-	PUNCT
ftr-330	1189	62	taxation	taxation	NOUN
ftr-330	1189	63	regime	regime	NOUN
ftr-330	1189	64	or	or	CCONJ
ftr-330	1189	65	to	to	ADP
ftr-330	1189	66	a	a	DET
ftr-330	1189	67	purely	purely	ADV
ftr-330	1189	68	territorial	territorial	ADJ
ftr-330	1189	69	regime.246	regime.246	PROPN
ftr-330	1189	70	subject	subject	NOUN
ftr-330	1189	71	to	to	ADP
ftr-330	1189	72	legal	legal	ADJ
ftr-330	1189	73	constraints	constraint	NOUN
ftr-330	1189	74	on	on	ADP
ftr-330	1189	75	the	the	DET
ftr-330	1189	76	ability	ability	NOUN
ftr-330	1189	77	of	of	ADP
ftr-330	1189	78	the	the	DET
ftr-330	1189	79	revenue	revenue	NOUN
ftr-330	1189	80	department	department	NOUN
ftr-330	1189	81	in	in	ADP
ftr-330	1189	82	other	other	ADJ
ftr-330	1189	83	countries	country	NOUN
ftr-330	1189	84	to	to	PART
ftr-330	1189	85	promulgate	promulgate	VERB
ftr-330	1189	86	detailed	detailed	ADJ
ftr-330	1189	87	regulations	regulation	NOUN
ftr-330	1189	88	,	,	PUNCT
ftr-330	1189	89	the	the	DET
ftr-330	1189	90	u.s	u.s	PROPN
ftr-330	1189	91	.	.	PROPN
ftr-330	1189	92	consolidated	consolidated	PROPN
ftr-330	1189	93	return	return	NOUN
ftr-330	1189	94	regulations	regulation	NOUN
ftr-330	1189	95	should	should	AUX
ftr-330	1189	96	be	be	AUX
ftr-330	1189	97	examined	examine	VERB
ftr-330	1189	98	carefully	carefully	ADV
ftr-330	1189	99	by	by	ADP
ftr-330	1189	100	any	any	DET
ftr-330	1189	101	country	country	NOUN
ftr-330	1189	102	seeking	seek	VERB
ftr-330	1189	103	to	to	PART
ftr-330	1189	104	implement	implement	VERB
ftr-330	1189	105	or	or	CCONJ
ftr-330	1189	106	improve	improve	VERB
ftr-330	1189	107	a	a	DET
ftr-330	1189	108	consolidated	consolidated	ADJ
ftr-330	1189	109	corporate	corporate	ADJ
ftr-330	1189	110	tax	tax	NOUN
ftr-330	1189	111	return	return	NOUN
ftr-330	1189	112	regime	regime	NOUN
ftr-330	1189	113	.	.	PUNCT
ftr-330	1190	1	of	of	ADP
ftr-330	1190	2	course	course	ADV
ftr-330	1190	3	,	,	PUNCT
ftr-330	1190	4	for	for	ADP
ftr-330	1190	5	a	a	DET
ftr-330	1190	6	country	country	NOUN
ftr-330	1190	7	that	that	PRON
ftr-330	1190	8	provides	provide	VERB
ftr-330	1190	9	a	a	DET
ftr-330	1190	10	participation	participation	NOUN
ftr-330	1190	11	exemption	exemption	NOUN
ftr-330	1190	12	for	for	ADP
ftr-330	1190	13	gains	gain	NOUN
ftr-330	1190	14	on	on	ADP
ftr-330	1190	15	the	the	DET
ftr-330	1190	16	sale	sale	NOUN
ftr-330	1190	17	of	of	ADP
ftr-330	1190	18	stock	stock	NOUN
ftr-330	1190	19	of	of	ADP
ftr-330	1190	20	a	a	DET
ftr-330	1190	21	subsidiary	subsidiary	NOUN
ftr-330	1190	22	,	,	PUNCT
ftr-330	1190	23	rules	rule	VERB
ftr-330	1190	24	analogous	analogous	ADJ
ftr-330	1190	25	to	to	ADP
ftr-330	1190	26	many	many	ADJ
ftr-330	1190	27	of	of	ADP
ftr-330	1190	28	the	the	DET
ftr-330	1190	29	stock	stock	NOUN
ftr-330	1190	30	basis	basis	NOUN
ftr-330	1190	31	adjustment	adjustment	NOUN
ftr-330	1190	32	rules	rule	NOUN
ftr-330	1190	33	in	in	ADP
ftr-330	1190	34	the	the	DET
ftr-330	1190	35	u.s	u.s	PROPN
ftr-330	1190	36	.	.	PROPN
ftr-330	1190	37	consolidate	consolidate	VERB
ftr-330	1190	38	corporate	corporate	ADJ
ftr-330	1190	39	tax	tax	NOUN
ftr-330	1190	40	return	return	NOUN
ftr-330	1190	41	regulations	regulation	NOUN
ftr-330	1190	42	would	would	AUX
ftr-330	1190	43	be	be	AUX
ftr-330	1190	44	unnecessary.247	unnecessary.247	ADJ
ftr-330	1190	45	conversely	conversely	ADV
ftr-330	1190	46	,	,	PUNCT
ftr-330	1190	47	for	for	ADP
ftr-330	1190	48	a	a	DET
ftr-330	1190	49	country	country	NOUN
ftr-330	1190	50	seeking	seek	VERB
ftr-330	1190	51	to	to	PART
ftr-330	1190	52	deal	deal	VERB
ftr-330	1190	53	with	with	ADP
ftr-330	1190	54	the	the	DET
ftr-330	1190	55	proposed	propose	VERB
ftr-330	1190	56	eu	eu	PROPN
ftr-330	1190	57	directive	directive	NOUN
ftr-330	1190	58	on	on	ADP
ftr-330	1190	59	the	the	DET
ftr-330	1190	60	common	common	ADJ
ftr-330	1190	61	consolidated	consolidated	ADJ
ftr-330	1190	62	corporate	corporate	ADJ
ftr-330	1190	63	tax	tax	NOUN
ftr-330	1190	64	base	base	NOUN
ftr-330	1190	65	(	(	PUNCT
ftr-330	1190	66	ccctb),248	ccctb),248	VERB
ftr-330	1190	67	the	the	DET
ftr-330	1190	68	omission	omission	NOUN
ftr-330	1190	69	from	from	ADP
ftr-330	1190	70	u.s	u.s	PROPN
ftr-330	1190	71	.	.	PROPN
ftr-330	1190	72	consolidated	consolidated	ADJ
ftr-330	1190	73	corporate	corporate	ADJ
ftr-330	1190	74	tax	tax	NOUN
ftr-330	1190	75	returns	return	NOUN
ftr-330	1190	76	of	of	ADP
ftr-330	1190	77	foreign	foreign	ADJ
ftr-330	1190	78	affiliates	affiliate	NOUN
ftr-330	1190	79	leaves	leave	VERB
ftr-330	1190	80	a	a	DET
ftr-330	1190	81	hole	hole	NOUN
ftr-330	1190	82	in	in	ADP
ftr-330	1190	83	the	the	DET
ftr-330	1190	84	u.s	u.s	PROPN
ftr-330	1190	85	.	.	PROPN
ftr-330	1190	86	regime	regime	NOUN
ftr-330	1190	87	as	as	ADP
ftr-330	1190	88	a	a	DET
ftr-330	1190	89	model	model	NOUN
ftr-330	1190	90	.	.	PUNCT
ftr-330	1191	1	245	245	NUM
ftr-330	1191	2	.	.	PUNCT
ftr-330	1192	1	see	see	VERB
ftr-330	1192	2	jasper	jasper	PROPN
ftr-330	1192	3	l.	l.	PROPN
ftr-330	1192	4	cummings	cummings	PROPN
ftr-330	1192	5	,	,	PUNCT
ftr-330	1192	6	consolidating	consolidate	VERB
ftr-330	1192	7	foreign	foreign	ADJ
ftr-330	1192	8	affilaites	affilaite	NOUN
ftr-330	1192	9	,	,	PUNCT
ftr-330	1192	10	11	11	NUM
ftr-330	1192	11	fla	fla	NOUN
ftr-330	1192	12	.	.	PUNCT
ftr-330	1193	1	tax	tax	PROPN
ftr-330	1193	2	rev	rev	PROPN
ftr-330	1193	3	.	.	PROPN
ftr-330	1194	1	143	143	NUM
ftr-330	1194	2	(	(	PUNCT
ftr-330	1194	3	2011	2011	NUM
ftr-330	1194	4	)	)	PUNCT
ftr-330	1194	5	.	.	PUNCT
ftr-330	1195	1	246	246	NUM
ftr-330	1195	2	.	.	PUNCT
ftr-330	1196	1	see	see	VERB
ftr-330	1196	2	clifton	clifton	PROPN
ftr-330	1196	3	fleming	fleming	PROPN
ftr-330	1196	4	,	,	PUNCT
ftr-330	1196	5	robert	robert	PROPN
ftr-330	1196	6	j.	j.	PROPN
ftr-330	1196	7	peroni	peroni	PROPN
ftr-330	1196	8	&	&	CCONJ
ftr-330	1196	9	stephen	stephen	PROPN
ftr-330	1196	10	e.	e.	PROPN
ftr-330	1196	11	shay	shay	PROPN
ftr-330	1196	12	,	,	PUNCT
ftr-330	1196	13	worse	bad	ADJ
ftr-330	1196	14	than	than	ADP
ftr-330	1196	15	exemption	exemption	NOUN
ftr-330	1196	16	,	,	PUNCT
ftr-330	1196	17	59	59	NUM
ftr-330	1196	18	emory	emory	PROPN
ftr-330	1196	19	l.j	l.j	PROPN
ftr-330	1196	20	.	.	PROPN
ftr-330	1196	21	79	79	NUM
ftr-330	1196	22	(	(	PUNCT
ftr-330	1196	23	2009	2009	NUM
ftr-330	1196	24	)	)	PUNCT
ftr-330	1196	25	.	.	PUNCT
ftr-330	1197	1	247	247	NUM
ftr-330	1197	2	.	.	PUNCT
ftr-330	1198	1	for	for	ADP
ftr-330	1198	2	discussion	discussion	NOUN
ftr-330	1198	3	of	of	ADP
ftr-330	1198	4	participation	participation	NOUN
ftr-330	1198	5	exemptions	exemption	NOUN
ftr-330	1198	6	,	,	PUNCT
ftr-330	1198	7	see	see	VERB
ftr-330	1198	8	hugh	hugh	PROPN
ftr-330	1198	9	j.	j.	PROPN
ftr-330	1198	10	ault	ault	PROPN
ftr-330	1198	11	&	&	CCONJ
ftr-330	1198	12	brian	brian	PROPN
ftr-330	1198	13	j.	j.	PROPN
ftr-330	1198	14	arnold	arnold	PROPN
ftr-330	1198	15	,	,	PUNCT
ftr-330	1198	16	comparative	comparative	ADJ
ftr-330	1198	17	income	income	NOUN
ftr-330	1198	18	taxation	taxation	NOUN
ftr-330	1198	19	,	,	PUNCT
ftr-330	1198	20	372	372	NUM
ftr-330	1198	21	-	-	SYM
ftr-330	1198	22	75	75	NUM
ftr-330	1198	23	(	(	PUNCT
ftr-330	1198	24	2d	2d	NUM
ftr-330	1198	25	ed	ed	NOUN
ftr-330	1198	26	.	.	PUNCT
ftr-330	1198	27	2004	2004	NUM
ftr-330	1198	28	)	)	PUNCT
ftr-330	1198	29	;	;	PUNCT
ftr-330	1198	30	arturo	arturo	PROPN
ftr-330	1198	31	requenez	requenez	PROPN
ftr-330	1198	32	ii	ii	PROPN
ftr-330	1198	33	&	&	CCONJ
ftr-330	1198	34	timothy	timothy	PROPN
ftr-330	1198	35	shuman	shuman	PROPN
ftr-330	1198	36	,	,	PUNCT
ftr-330	1198	37	u.s	u.s	PROPN
ftr-330	1198	38	.	.	PROPN
ftr-330	1198	39	private	private	ADJ
ftr-330	1198	40	equity	equity	NOUN
ftr-330	1198	41	funds	fund	NOUN
ftr-330	1198	42	making	make	VERB
ftr-330	1198	43	cross	cross	ADJ
ftr-330	1198	44	-	-	ADJ
ftr-330	1198	45	border	border	ADJ
ftr-330	1198	46	investments	investment	NOUN
ftr-330	1198	47	,	,	PUNCT
ftr-330	1198	48	1152	1152	NUM
ftr-330	1198	49	-	-	SYM
ftr-330	1198	50	53	53	NUM
ftr-330	1198	51	(	(	PUNCT
ftr-330	1198	52	practicing	practice	VERB
ftr-330	1198	53	law	law	NOUN
ftr-330	1198	54	institute	institute	NOUN
ftr-330	1198	55	2008	2008	NUM
ftr-330	1198	56	)	)	PUNCT
ftr-330	1198	57	.	.	PUNCT
ftr-330	1199	1	248	248	NUM
ftr-330	1199	2	.	.	PUNCT
ftr-330	1200	1	see	see	VERB
ftr-330	1200	2	european	european	PROPN
ftr-330	1200	3	commission	commission	PROPN
ftr-330	1200	4	,	,	PUNCT
ftr-330	1200	5	proposal	proposal	NOUN
ftr-330	1200	6	for	for	ADP
ftr-330	1200	7	a	a	DET
ftr-330	1200	8	council	council	NOUN
ftr-330	1200	9	directive	directive	NOUN
ftr-330	1200	10	on	on	ADP
ftr-330	1200	11	a	a	DET
ftr-330	1200	12	common	common	ADJ
ftr-330	1200	13	consolidated	consolidated	ADJ
ftr-330	1200	14	corporate	corporate	ADJ
ftr-330	1200	15	tax	tax	NOUN
ftr-330	1200	16	base	base	NOUN
ftr-330	1200	17	(	(	PUNCT
ftr-330	1200	18	ccctb	ccctb	NOUN
ftr-330	1200	19	)	)	PUNCT
ftr-330	1200	20	,	,	PUNCT
ftr-330	1201	1	http://ec.europa.eu/taxation	http://ec.europa.eu/taxation	NOUN
ftr-330	1201	2	_	_	PUNCT
ftr-330	1201	3	customs	custom	NOUN
ftr-330	1201	4	/	/	SYM
ftr-330	1201	5	resources	resource	NOUN
ftr-330	1201	6	/	/	SYM
ftr-330	1201	7	documents	document	NOUN
ftr-330	1201	8	/	/	SYM
ftr-330	1201	9	taxation	taxation	NOUN
ftr-330	1201	10	/	/	SYM
ftr-330	1201	11	company_tax	company_tax	NOUN
ftr-330	1201	12	/	/	SYM
ftr-330	1201	13	common_tax_base	common_tax_base	NOUN
ftr-330	1201	14	/	/	SYM
ftr-330	1201	15	com_2011	com_2011	NOUN
ftr-330	1201	16	_	_	NOUN
ftr-330	1201	17	121_en.pdf	121_en.pdf	NUM
ftr-330	1201	18	;	;	PUNCT
ftr-330	1201	19	eurpoean	eurpoean	PROPN
ftr-330	1201	20	commission	commission	PROPN
ftr-330	1201	21	,	,	PUNCT
ftr-330	1201	22	taxation	taxation	NOUN
ftr-330	1201	23	and	and	CCONJ
ftr-330	1201	24	customs	customs	PROPN
ftr-330	1201	25	union	union	NOUN
ftr-330	1201	26	,	,	PUNCT
ftr-330	1201	27	http://ec.europa	http://ec.europa	ADV
ftr-330	1201	28	.	.	PUNCT
ftr-330	1202	1	eu	eu	PROPN
ftr-330	1202	2	/	/	SYM
ftr-330	1202	3	taxation_customs	taxation_customs	PROPN
ftr-330	1202	4	/	/	SYM
ftr-330	1202	5	taxation	taxation	NOUN
ftr-330	1202	6	/	/	SYM
ftr-330	1202	7	company_tax	company_tax	NOUN
ftr-330	1202	8	/	/	SYM
ftr-330	1202	9	common_tax_base	common_tax_base	NOUN
ftr-330	1202	10	/	/	SYM
ftr-330	1202	11	index_en.htm	index_en.htm	NOUN
ftr-330	1202	12	.	.	PUNCT
ftr-330	1203	1	understanding	understand	VERB
ftr-330	1203	2	consolidated	consolidated	ADJ
ftr-330	1203	3	returns	return	NOUN
ftr-330	1203	4	martin	martin	PROPN
ftr-330	1203	5	j.	j.	PROPN
ftr-330	1203	6	mcmahon	mcmahon	PROPN
ftr-330	1203	7	,	,	PUNCT
ftr-330	1203	8	jr.0f	jr.0f	PROPN
ftr-330	1203	9	*	*	SYM
ftr-330	1203	10	iii	iii	PROPN
ftr-330	1203	11	.	.	PUNCT
ftr-330	1203	12	eligibility	eligibility	NOUN
ftr-330	1203	13	and	and	CCONJ
ftr-330	1203	14	includible	includible	ADJ
ftr-330	1203	15	corporations	corporation	NOUN
ftr-330	1203	16	a.	a.	NOUN
ftr-330	1203	17	stock	stock	PROPN
ftr-330	1203	18	ownership	ownership	PROPN
ftr-330	1203	19	b.	b.	PROPN
ftr-330	1203	20	includible	includible	PROPN
ftr-330	1203	21	corporations	corporation	NOUN
ftr-330	1203	22	iv	iv	X
ftr-330	1203	23	.	.	PUNCT
ftr-330	1203	24	consolidated	consolidate	VERB
ftr-330	1203	25	taxable	taxable	ADJ
ftr-330	1203	26	income	income	NOUN
ftr-330	1203	27	v.	v.	ADP
ftr-330	1203	28	formation	formation	NOUN
ftr-330	1203	29	of	of	ADP
ftr-330	1203	30	a	a	DET
ftr-330	1203	31	corporate	corporate	ADJ
ftr-330	1203	32	subsidiary	subsidiary	NOUN
ftr-330	1203	33	a.	a.	NOUN
ftr-330	1203	34	generally	generally	PROPN
ftr-330	1203	35	b.	b.	PROPN
ftr-330	1203	36	receipt	receipt	NOUN
ftr-330	1203	37	of	of	ADP
ftr-330	1203	38	other	other	ADJ
ftr-330	1203	39	property	property	NOUN
ftr-330	1203	40	c.	c.	NOUN
ftr-330	1203	41	assumption	assumption	NOUN
ftr-330	1203	42	of	of	ADP
ftr-330	1203	43	transferor	transferor	NOUN
ftr-330	1203	44	’s	’s	PART
ftr-330	1203	45	debts	debt	NOUN
ftr-330	1203	46	d.	d.	PROPN
ftr-330	1203	47	transfers	transfer	NOUN
ftr-330	1203	48	to	to	ADP
ftr-330	1203	49	foreign	foreign	ADJ
ftr-330	1203	50	corporations	corporation	NOUN
ftr-330	1203	51	vi	vi	PROPN
ftr-330	1203	52	.	.	PROPN
ftr-330	1203	53	dividend	dividend	NOUN
ftr-330	1203	54	distributions	distribution	NOUN
ftr-330	1203	55	:	:	PUNCT
ftr-330	1203	56	fundamental	fundamental	ADJ
ftr-330	1203	57	rules	rule	NOUN
ftr-330	1203	58	a.	a.	PROPN
ftr-330	1203	59	generally	generally	ADV
ftr-330	1203	60	b.	b.	PROPN
ftr-330	1203	61	dividends	dividend	NOUN
ftr-330	1203	62	in	in	ADP
ftr-330	1203	63	kind	kind	ADJ
ftr-330	1203	64	vii	vii	PROPN
ftr-330	1203	65	.	.	PUNCT
ftr-330	1204	1	investment	investment	NOUN
ftr-330	1204	2	adjustments	adjustment	NOUN
ftr-330	1204	3	a.	a.	NOUN
ftr-330	1204	4	stock	stock	PROPN
ftr-330	1204	5	basis	basis	PROPN
ftr-330	1204	6	b.	b.	PROPN
ftr-330	1204	7	section	section	NOUN
ftr-330	1204	8	357(c	357(c	PROPN
ftr-330	1204	9	)	)	PUNCT
ftr-330	1204	10	situations	situation	NOUN
ftr-330	1204	11	c.	c.	PROPN
ftr-330	1204	12	unified	unified	ADJ
ftr-330	1204	13	loss	loss	NOUN
ftr-330	1204	14	rules	rule	NOUN
ftr-330	1204	15	1	1	NUM
ftr-330	1204	16	.	.	PUNCT
ftr-330	1204	17	generally	generally	ADV
ftr-330	1204	18	2	2	X
ftr-330	1204	19	.	.	X
ftr-330	1205	1	the	the	DET
ftr-330	1205	2	basis	basis	NOUN
ftr-330	1205	3	redetermination	redetermination	NOUN
ftr-330	1205	4	rule	rule	VERB
ftr-330	1205	5	3	3	NUM
ftr-330	1205	6	.	.	PUNCT
ftr-330	1206	1	the	the	DET
ftr-330	1206	2	basis	basis	NOUN
ftr-330	1206	3	reduction	reduction	NOUN
ftr-330	1206	4	rule	rule	NOUN
ftr-330	1206	5	4	4	NUM
ftr-330	1206	6	.	.	PUNCT
ftr-330	1207	1	the	the	DET
ftr-330	1207	2	attribute	attribute	NOUN
ftr-330	1207	3	reduction	reduction	NOUN
ftr-330	1207	4	rule	rule	NOUN
ftr-330	1207	5	5	5	NUM
ftr-330	1207	6	.	.	X
ftr-330	1207	7	worthlessness	worthlessness	NOUN
ftr-330	1207	8	viii	viii	VERB
ftr-330	1207	9	.	.	PUNCT
ftr-330	1208	1	earnings	earning	NOUN
ftr-330	1208	2	and	and	CCONJ
ftr-330	1208	3	profits	profit	NOUN
ftr-330	1208	4	ix	ix	PROPN
ftr-330	1208	5	.	.	PUNCT
ftr-330	1209	1	intercompany	intercompany	NOUN
ftr-330	1209	2	transactions	transaction	NOUN
ftr-330	1209	3	a.	a.	NOUN
ftr-330	1209	4	transactions	transaction	NOUN
ftr-330	1209	5	between	between	ADP
ftr-330	1209	6	members	member	NOUN
ftr-330	1209	7	of	of	ADP
ftr-330	1209	8	a	a	DET
ftr-330	1209	9	consolidated	consolidated	ADJ
ftr-330	1209	10	group	group	NOUN
ftr-330	1209	11	1	1	NUM
ftr-330	1209	12	.	.	PUNCT
ftr-330	1210	1	generally	generally	ADV
ftr-330	1210	2	2	2	NUM
ftr-330	1210	3	.	.	PUNCT
ftr-330	1210	4	matching	match	VERB
ftr-330	1210	5	intercompany	intercompany	NOUN
ftr-330	1210	6	items	item	NOUN
ftr-330	1210	7	related	relate	VERB
ftr-330	1210	8	to	to	ADP
ftr-330	1210	9	deferred	defer	VERB
ftr-330	1210	10	gains	gain	NOUN
ftr-330	1210	11	and	and	CCONJ
ftr-330	1210	12	losses	loss	NOUN
ftr-330	1210	13	3	3	NUM
ftr-330	1210	14	.	.	PUNCT
ftr-330	1210	15	acceleration	acceleration	NOUN
ftr-330	1210	16	of	of	ADP
ftr-330	1210	17	deferred	defer	VERB
ftr-330	1210	18	gains	gain	NOUN
ftr-330	1210	19	and	and	CCONJ
ftr-330	1210	20	losses	loss	NOUN
ftr-330	1210	21	b.	b.	PROPN
ftr-330	1210	22	distributions	distribution	NOUN
ftr-330	1210	23	with	with	ADP
ftr-330	1210	24	respect	respect	NOUN
ftr-330	1210	25	to	to	ADP
ftr-330	1210	26	the	the	DET
ftr-330	1210	27	stock	stock	NOUN
ftr-330	1210	28	of	of	ADP
ftr-330	1210	29	a	a	DET
ftr-330	1210	30	member	member	NOUN
ftr-330	1210	31	1	1	NUM
ftr-330	1210	32	.	.	PUNCT
ftr-330	1210	33	section	section	NOUN
ftr-330	1210	34	301	301	NUM
ftr-330	1210	35	distributions	distribution	NOUN
ftr-330	1210	36	2	2	NUM
ftr-330	1210	37	.	.	PUNCT
ftr-330	1211	1	intercompany	intercompany	NOUN
ftr-330	1211	2	distributions	distribution	NOUN
ftr-330	1211	3	of	of	ADP
ftr-330	1211	4	appreciated	appreciated	ADJ
ftr-330	1211	5	and	and	CCONJ
ftr-330	1211	6	depreciated	depreciate	VERB
ftr-330	1211	7	property	property	NOUN
ftr-330	1211	8	3	3	NUM
ftr-330	1211	9	.	.	PUNCT
ftr-330	1211	10	liquidation	liquidation	NOUN
ftr-330	1211	11	of	of	ADP
ftr-330	1211	12	a	a	DET
ftr-330	1211	13	subsidiary	subsidiary	NOUN
ftr-330	1211	14	c.	c.	NOUN
ftr-330	1211	15	transactions	transaction	NOUN
ftr-330	1211	16	in	in	ADP
ftr-330	1211	17	which	which	PRON
ftr-330	1211	18	a	a	DET
ftr-330	1211	19	member	member	NOUN
ftr-330	1211	20	acquires	acquire	VERB
ftr-330	1211	21	stock	stock	NOUN
ftr-330	1211	22	of	of	ADP
ftr-330	1211	23	another	another	DET
ftr-330	1211	24	member	member	NOUN
ftr-330	1211	25	d.	d.	PROPN
ftr-330	1211	26	transactions	transaction	NOUN
ftr-330	1211	27	in	in	ADP
ftr-330	1211	28	which	which	PRON
ftr-330	1211	29	a	a	DET
ftr-330	1211	30	member	member	NOUN
ftr-330	1211	31	acquires	acquire	VERB
ftr-330	1211	32	its	its	PRON
ftr-330	1211	33	own	own	ADJ
ftr-330	1211	34	stock	stock	NOUN
ftr-330	1211	35	e.	e.	PROPN
ftr-330	1211	36	transactions	transaction	NOUN
ftr-330	1211	37	in	in	ADP
ftr-330	1211	38	which	which	PRON
ftr-330	1211	39	a	a	DET
ftr-330	1211	40	member	member	NOUN
ftr-330	1211	41	acquires	acquire	VERB
ftr-330	1211	42	debt	debt	NOUN
ftr-330	1211	43	of	of	ADP
ftr-330	1211	44	another	another	DET
ftr-330	1211	45	member	member	NOUN
ftr-330	1211	46	f.	f.	PROPN
ftr-330	1211	47	anti	anti	PROPN
ftr-330	1211	48	–	–	PUNCT
ftr-330	1211	49	abuse	abuse	NOUN
ftr-330	1211	50	rules	rule	NOUN
ftr-330	1211	51	x.	x.	NOUN
ftr-330	1211	52	net	net	ADJ
ftr-330	1211	53	operating	operating	NOUN
ftr-330	1211	54	loss	loss	NOUN
ftr-330	1211	55	carryovers	carryover	NOUN
ftr-330	1211	56	a.	a.	PROPN
ftr-330	1211	57	generally	generally	ADV
ftr-330	1211	58	b.	b.	PROPN
ftr-330	1211	59	application	application	NOUN
ftr-330	1211	60	of	of	ADP
ftr-330	1211	61	section	section	NOUN
ftr-330	1211	62	382	382	NUM
ftr-330	1211	63	to	to	ADP
ftr-330	1211	64	consolidated	consolidated	ADJ
ftr-330	1211	65	groups	group	NOUN
ftr-330	1211	66	c.	c.	PROPN
ftr-330	1211	67	separate	separate	ADJ
ftr-330	1211	68	return	return	NOUN
ftr-330	1211	69	limitation	limitation	NOUN
ftr-330	1211	70	year	year	NOUN
ftr-330	1211	71	1	1	NUM
ftr-330	1211	72	.	.	PUNCT
ftr-330	1212	1	generally	generally	ADV
ftr-330	1212	2	2	2	NUM
ftr-330	1212	3	.	.	X
ftr-330	1212	4	reverse	reverse	ADJ
ftr-330	1212	5	acquisition	acquisition	NOUN
ftr-330	1212	6	3	3	NUM
ftr-330	1212	7	.	.	PUNCT
ftr-330	1212	8	built	build	VERB
ftr-330	1212	9	-	-	PUNCT
ftr-330	1212	10	in	in	ADP
ftr-330	1212	11	deductions	deduction	NOUN
ftr-330	1212	12	4	4	NUM
ftr-330	1212	13	.	.	PUNCT
ftr-330	1212	14	post	post	NOUN
ftr-330	1212	15	acquisition	acquisition	NOUN
ftr-330	1212	16	losses	loss	NOUN
ftr-330	1212	17	of	of	ADP
ftr-330	1212	18	an	an	DET
ftr-330	1212	19	acquired	acquire	VERB
ftr-330	1212	20	member	member	NOUN
ftr-330	1212	21	xi	xi	PROPN
ftr-330	1212	22	.	.	PUNCT
ftr-330	1213	1	foreign	foreign	ADJ
ftr-330	1213	2	subsidiaries	subsidiary	NOUN
ftr-330	1213	3	a.	a.	NOUN
ftr-330	1213	4	generally	generally	ADV
ftr-330	1213	5	b.	b.	PROPN
ftr-330	1213	6	anti	anti	ADJ
ftr-330	1213	7	-	-	ADJ
ftr-330	1213	8	inversion	inversion	ADJ
ftr-330	1213	9	rules	rule	NOUN
ftr-330	1213	10	c.	c.	PROPN
ftr-330	1213	11	foreign	foreign	ADJ
ftr-330	1213	12	tax	tax	NOUN
ftr-330	1213	13	credit	credit	NOUN
ftr-330	1213	14	1	1	NUM
ftr-330	1213	15	.	.	PUNCT
ftr-330	1214	1	direct	direct	ADJ
ftr-330	1214	2	credit	credit	NOUN
ftr-330	1214	3	excess	excess	ADJ
ftr-330	1214	4	ftcs	ftcs	NOUN
ftr-330	1214	5	above	above	ADP
ftr-330	1214	6	the	the	DET
ftr-330	1214	7	ceiling	ceiling	NOUN
ftr-330	1214	8	can	can	AUX
ftr-330	1214	9	be	be	AUX
ftr-330	1214	10	carried	carry	VERB
ftr-330	1214	11	back	back	ADV
ftr-330	1214	12	one	one	NUM
ftr-330	1214	13	year	year	NOUN
ftr-330	1214	14	and	and	CCONJ
ftr-330	1214	15	forward	forward	ADV
ftr-330	1214	16	ten	ten	NUM
ftr-330	1214	17	years.235f	years.235f	NOUN
ftr-330	1214	18	2	2	NUM
ftr-330	1214	19	.	.	PUNCT
ftr-330	1214	20	indirect	indirect	ADJ
ftr-330	1214	21	credit	credit	NOUN
ftr-330	1214	22	d.	d.	NOUN
ftr-330	1214	23	dual	dual	ADV
ftr-330	1214	24	consolidated	consolidated	ADJ
ftr-330	1214	25	losses	loss	NOUN
ftr-330	1214	26	xii	xii	NOUN
ftr-330	1214	27	.	.	PUNCT
ftr-330	1215	1	conclusion	conclusion	NOUN
ftr-330	1215	2	subject	subject	ADJ
ftr-330	1215	3	to	to	ADP
ftr-330	1215	4	legal	legal	ADJ
ftr-330	1215	5	constraints	constraint	NOUN
ftr-330	1215	6	on	on	ADP
ftr-330	1215	7	the	the	DET
ftr-330	1215	8	ability	ability	NOUN
ftr-330	1215	9	of	of	ADP
ftr-330	1215	10	the	the	DET
ftr-330	1215	11	revenue	revenue	NOUN
ftr-330	1215	12	department	department	NOUN
ftr-330	1215	13	in	in	ADP
ftr-330	1215	14	other	other	ADJ
ftr-330	1215	15	countries	country	NOUN
ftr-330	1215	16	to	to	PART
ftr-330	1215	17	promulgate	promulgate	VERB
ftr-330	1215	18	detailed	detailed	ADJ
ftr-330	1215	19	regulations	regulation	NOUN
ftr-330	1215	20	,	,	PUNCT
ftr-330	1215	21	the	the	DET
ftr-330	1215	22	u.s	u.s	PROPN
ftr-330	1215	23	.	.	PROPN
ftr-330	1215	24	consolidated	consolidated	PROPN
ftr-330	1215	25	return	return	NOUN
ftr-330	1215	26	regulations	regulation	NOUN
ftr-330	1215	27	should	should	AUX
ftr-330	1215	28	be	be	AUX
ftr-330	1215	29	examined	examine	VERB
ftr-330	1215	30	carefully	carefully	ADV
ftr-330	1215	31	by	by	ADP
ftr-330	1215	32	any	any	DET
ftr-330	1215	33	country	country	NOUN
ftr-330	1215	34	seeking	seek	VERB
ftr-330	1215	35	to	to	PART
ftr-330	1215	36	implement	implement	VERB
ftr-330	1215	37	or	or	CCONJ
ftr-330	1215	38	improve	improve	VERB
ftr-330	1215	39	a	a	DET
ftr-330	1215	40	consol	consol	NOUN
ftr-330	1215	41	...	...	PUNCT