1120-US: Controlled group information entered for a consolidated C Corporation client not being shared (FAQ)

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Question

Why is the controlled group information entered for a consolidated C Corporation client not being shared?

Answer

Financial information is not shared with a consolidated C Corporation client. Controlled group information from Schedule O should be entered for the consolidated client when there are members of the controlled group that are not also members of the consolidated group. Enter the information in Screen Ctrl-2, located in the Controlled Groups folder.

Related topic: 1120-US: Controlled group FAQs

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