# 26 U.S.C. § 1502: Regulations

Source: OLRC release point 119-134 <https://uscode.house.gov/us/usc/119-134/t26/s1502>. Cite pinpoints as 26 U.S.C. § 1502(a)(1).

The Secretary shall prescribe such regulations as he may deem necessary in order that the tax liability of any affiliated group of corporations making a consolidated return and of each corporation in the group, both during and after the period of affiliation, may be returned, determined, computed, assessed, collected, and adjusted, in such manner as clearly to reflect the income-tax liability and the various factors necessary for the determination of such liability, and in order to prevent avoidance of such tax liability. In carrying out the preceding sentence, the Secretary may prescribe rules that are different from the provisions of chapter 1 that would apply if such corporations filed separate returns.

## Regulations

- [Treas. Reg. § 1.1502-0](/26/reg/1.1502-0.md): Effective/applicability dates. (interprets § 1502)
- [Treas. Reg. § 1.1502-1](/26/reg/1.1502-1.md): Definitions. (interprets § 1502)
- [Treas. Reg. § 1.1502-2](/26/reg/1.1502-2.md): Computation of tax liability. (interprets § 1502)
- [Treas. Reg. § 1.1502-3](/26/reg/1.1502-3.md): Consolidated tax credits. (interprets § 1502)
- [Treas. Reg. § 1.1502-4](/26/reg/1.1502-4.md): Consolidated foreign tax credit. (interprets § 1502)
- [Treas. Reg. § 1.1502-5](/26/reg/1.1502-5.md): Estimated tax. (interprets § 1502)
- [Treas. Reg. § 1.1502-6](/26/reg/1.1502-6.md): Liability for tax. (interprets § 1502)
- [Treas. Reg. § 1.1502-9](/26/reg/1.1502-9.md): Consolidated overall foreign losses, separate limitation losses, and overall domestic losses. (interprets § 1502)
- [Treas. Reg. § 1.1502-11](/26/reg/1.1502-11.md): Consolidated taxable income. (interprets § 1502)
- [Treas. Reg. § 1.1502-12](/26/reg/1.1502-12.md): Separate taxable income. (interprets § 1502)
- [Treas. Reg. § 1.1502-13](/26/reg/1.1502-13.md): Intercompany transactions. (interprets § 1502)
- [Treas. Reg. § 1.1502-14Z](/26/reg/1.1502-14Z.md): Application of opportunity zone rules to members of a consolidated group. (interprets § 1502)
- [Treas. Reg. § 1.1502-15](/26/reg/1.1502-15.md): SRLY limitation on built-in losses. (interprets § 1502)
- [Treas. Reg. § 1.1502-16](/26/reg/1.1502-16.md): Mine exploration expenditures. (interprets § 1502)
- [Treas. Reg. § 1.1502-17](/26/reg/1.1502-17.md): Methods of accounting. (interprets § 1502)
- [Treas. Reg. § 1.1502-19](/26/reg/1.1502-19.md): Excess loss accounts. (interprets § 1502)
- [Treas. Reg. § 1.1502-21](/26/reg/1.1502-21.md): Net operating losses. (interprets § 1502)
- [Treas. Reg. § 1.1502-22](/26/reg/1.1502-22.md): Consolidated capital gain and loss. (interprets § 1502)
- [Treas. Reg. § 1.1502-23](/26/reg/1.1502-23.md): Consolidated net section 1231 gain or loss. (interprets § 1502)
- [Treas. Reg. § 1.1502-24](/26/reg/1.1502-24.md): Consolidated charitable contributions deduction. (interprets § 1502)
- [Treas. Reg. § 1.1502-26](/26/reg/1.1502-26.md): Consolidated dividends received deduction. (interprets § 1502)
- [Treas. Reg. § 1.1502-28](/26/reg/1.1502-28.md): Consolidated section 108. (interprets § 1502)
- [Treas. Reg. § 1.1502-30](/26/reg/1.1502-30.md): Stock basis after certain triangular reorganizations. (interprets § 1502)
- [Treas. Reg. § 1.1502-31](/26/reg/1.1502-31.md): Stock basis after a group structure change. (interprets § 1502)
- [Treas. Reg. § 1.1502-32](/26/reg/1.1502-32.md): Investment adjustments. (interprets § 1502)
- [Treas. Reg. § 1.1502-33](/26/reg/1.1502-33.md): Earnings and profits. (interprets § 1502)
- [Treas. Reg. § 1.1502-34](/26/reg/1.1502-34.md): Special aggregate stock ownership rules. (interprets § 1502)
- [Treas. Reg. § 1.1502-35](/26/reg/1.1502-35.md): Transfers of subsidiary stock and deconsolidations of subsidiaries. (interprets § 1502)
- [Treas. Reg. § 1.1502-36](/26/reg/1.1502-36.md): Unified loss rule. (interprets § 1502)
- [Treas. Reg. § 1.1502-43](/26/reg/1.1502-43.md): Consolidated accumulated earnings tax. (interprets § 1502)
- [Treas. Reg. § 1.1502-44](/26/reg/1.1502-44.md): Percentage depletion for independent producers and royalty owners. (interprets § 1502)
- [Treas. Reg. § 1.1502-45](/26/reg/1.1502-45.md): Limitation on losses to amount at risk. (interprets § 1502)
- [Treas. Reg. § 1.1502-47](/26/reg/1.1502-47.md): Consolidated returns by life-nonlife groups. (interprets § 1502)
- [Treas. Reg. § 1.1502-50](/26/reg/1.1502-50.md): Consolidated section 250. (interprets § 1502)
- [Treas. Reg. § 1.1502-51](/26/reg/1.1502-51.md): Consolidated section 951A. (interprets § 1502)
- [Treas. Reg. § 1.1502-55](/26/reg/1.1502-55.md): Computation of alternative minimum tax of consolidated groups. (interprets § 1502)
- [Treas. Reg. § 1.1502-59A](/26/reg/1.1502-59A.md): Application of section 59A to consolidated groups. (interprets § 1502)
- [Treas. Reg. § 1.1502-68](/26/reg/1.1502-68.md): Additional first year depreciation deduction for property acquired and placed in service after September 27, 2017. (interprets § 1502)
- [Treas. Reg. § 1.1502-75](/26/reg/1.1502-75.md): Filing of consolidated returns. (interprets § 1502)
- [Treas. Reg. § 1.1502-76](/26/reg/1.1502-76.md): Taxable year of members of group. (interprets § 1502)
- [Treas. Reg. § 1.1502-77](/26/reg/1.1502-77.md): Agent for the group. (interprets § 1502)
- [Treas. Reg. § 1.1502-78](/26/reg/1.1502-78.md): Tentative carryback adjustments. (interprets § 1502)
- [Treas. Reg. § 1.1502-79](/26/reg/1.1502-79.md): Separate return years. (interprets § 1502)
- [Treas. Reg. § 1.1502-80](/26/reg/1.1502-80.md): Applicability of other provisions of law. (interprets § 1502)
- [Treas. Reg. § 1.1502-90](/26/reg/1.1502-90.md): Table of contents. (interprets § 1502)
- [Treas. Reg. § 1.1502-91](/26/reg/1.1502-91.md): Application of section 382 with respect to a consolidated group. (interprets § 1502)
- [Treas. Reg. § 1.1502-92](/26/reg/1.1502-92.md): Ownership change of a loss group or a loss subgroup. (interprets § 1502)
- [Treas. Reg. § 1.1502-93](/26/reg/1.1502-93.md): Consolidated section 382 limitation (or subgroup section 382 limitation). (interprets § 1502)
- [Treas. Reg. § 1.1502-94](/26/reg/1.1502-94.md): Coordination with section 382 and the regulations thereunder when a corporation becomes a member of a consolidated group. (interprets § 1502)
- [Treas. Reg. § 1.1502-95](/26/reg/1.1502-95.md): Rules on ceasing to be a member of a consolidated group (or loss subgroup). (interprets § 1502)
- [Treas. Reg. § 1.1502-96](/26/reg/1.1502-96.md): Miscellaneous rules. (interprets § 1502)
- [Treas. Reg. § 1.1502-97](/26/reg/1.1502-97.md): Special rules under section 382 for members under the jurisdiction of a court in a title 11 or similar case. [Reserved] (interprets § 1502)
- [Treas. Reg. § 1.1502-98](/26/reg/1.1502-98.md): Coordination with sections 383 and 163(j). (interprets § 1502)
- [Treas. Reg. § 1.1502-99](/26/reg/1.1502-99.md): Effective/applicability dates. (interprets § 1502)
- [Treas. Reg. § 1.1502-100](/26/reg/1.1502-100.md): Corporations exempt from tax. (interprets § 1502)
- [Treas. Reg. § 1.1502-77A](/26/reg/1.1502-77A.md): Common parent agent for subsidiaries applicable for consolidated return years beginning before June 28, 2002. (interprets § 1502)
- [Treas. Reg. § 1.1502-77B](/26/reg/1.1502-77B.md): Agent for the group applicable for consolidated return years beginning on or after June 28, 2002, and before April 1, 2015. (interprets § 1502)

## Forms named in the regulations

- [Form 1122](https://www.irs.gov/pub/irs-pdf/f1122.pdf)
- [Form 1120](https://www.irs.gov/pub/irs-pdf/f1120.pdf)
- [Form 851](https://www.irs.gov/pub/irs-pdf/f851.pdf)
- [Form 1120-L](https://www.irs.gov/pub/irs-pdf/f1120l.pdf)

## Final rules

- [91 FR 65683](https://www.federalregister.gov/documents/2026/10/16/2026-21253/non-applicability-of-section-357c-to-consolidated-groups) (2026): Non-Applicability of Section 357(c) to Consolidated Groups
- [89 FR 106848](https://www.federalregister.gov/documents/2024/12/30/2024-29480/revising-consolidated-return-regulations-and-controlled-group-of-corporations-regulations-to-reflect) (2024): Revising Consolidated Return Regulations and Controlled Group of Corporations Regulations to Reflect Statutory Changes, Modernize Language, and Enhance Clarity
- [89 FR 100138](https://www.federalregister.gov/documents/2024/12/11/2024-28372/taxable-income-or-loss-and-currency-gain-or-loss-with-respect-to-a-qualified-business-unit) (2024): Taxable Income or Loss and Currency Gain or Loss With Respect to a Qualified Business Unit
- [88 FR 44210](https://www.federalregister.gov/documents/2023/07/12/2023-14644/carryback-of-consolidated-net-operating-losses) (2023): Carryback of Consolidated Net Operating Losses
- [88 FR 11393](https://www.federalregister.gov/documents/2023/02/23/2023-03457/single-entity-treatment-of-consolidated-groups-for-specific-purposes) (2023): Single-Entity Treatment of Consolidated Groups for Specific Purposes
- [87 FR 3648](https://www.federalregister.gov/documents/2022/01/25/2022-00066/guidance-under-section-958-on-determining-stock-ownership) (2022): Guidance Under Section 958 on Determining Stock Ownership
- [85 FR 79837](https://www.federalregister.gov/documents/2020/12/11/2020-21817/source-of-income-from-certain-sales-of-personal-property) (2020): Source of Income From Certain Sales of Personal Property
- [85 FR 71998](https://www.federalregister.gov/documents/2020/11/12/2020-21819/guidance-related-to-the-allocation-and-apportionment-of-deductions-and-foreign-taxes-foreign-tax) (2020): Guidance Related to the Allocation and Apportionment of Deductions and Foreign Taxes, Foreign Tax Redeterminations, Foreign Tax Credit Disallowance Under Section 965(g), Consolidated Groups, Hybrid Arrangements and Certain Payments Under Section 951A
- [85 FR 71734](https://www.federalregister.gov/documents/2020/11/10/2020-21112/additional-first-year-depreciation-deduction) (2020): Additional First Year Depreciation Deduction
- [85 FR 67966](https://www.federalregister.gov/documents/2020/10/27/2020-22974/consolidated-net-operating-losses) (2020): Consolidated Net Operating Losses
- [85 FR 64346](https://www.federalregister.gov/documents/2020/10/09/2020-19959/base-erosion-and-anti-abuse-tax) (2020): Base Erosion and Anti-Abuse Tax
- [85 FR 56686](https://www.federalregister.gov/documents/2020/09/14/2020-16531/limitation-on-deduction-for-business-interest-expense) (2020): Limitation on Deduction for Business Interest Expense
- [85 FR 44620](https://www.federalregister.gov/documents/2020/07/23/2020-15351/guidance-under-sections-951a-and-954-regarding-income-subject-to-a-high-rate-of-foreign-tax) (2020): Guidance Under Sections 951A and 954 Regarding Income Subject to a High Rate of Foreign Tax
- [85 FR 43042](https://www.federalregister.gov/documents/2020/07/15/2020-14649/deduction-for-foreign-derived-intangible-income-and-global-intangible-low-taxed-income) (2020): Deduction for Foreign-Derived Intangible Income and Global Intangible Low-Taxed Income
- [85 FR 1866](https://www.federalregister.gov/documents/2020/01/13/2019-27846/investing-in-qualified-opportunity-funds) (2020): Investing in Qualified Opportunity Funds
- [84 FR 66968](https://www.federalregister.gov/documents/2019/12/06/2019-25744/base-erosion-and-anti-abuse-tax) (2019): Base Erosion and Anti-Abuse Tax
- [84 FR 29288](https://www.federalregister.gov/documents/2019/06/21/2019-12437/guidance-related-to-section-951a-global-intangible-low-taxed-income-and-certain-guidance-related-to) (2019): Guidance Related to Section 951A (Global Intangible Low-Taxed Income) and Certain Guidance Related to Foreign Tax Credits
- [80 FR 17314](https://www.federalregister.gov/documents/2015/04/01/2015-07182/regulations-revising-rules-regarding-agency-for-a-consolidated-group) (2015): Regulations Revising Rules Regarding Agency for a Consolidated Group
- [78 FR 28467](https://www.federalregister.gov/documents/2013/05/15/2013-11522/regulations-enabling-elections-for-certain-transactions-under-section-336e) (2013): Regulations Enabling Elections for Certain Transactions Under Section 336(e)
- [78 FR 18235](https://www.federalregister.gov/documents/2013/03/26/2013-07100/unified-rule-for-loss-on-subsidiary-stock) (2013): Unified Rule for Loss on Subsidiary Stock
- [78 FR 18235](https://www.federalregister.gov/documents/2013/03/26/2013-07095/unified-rule-for-loss-on-subsidiary-stock) (2013): Unified Rule for Loss on Subsidiary Stock
- [77 FR 37576](https://www.federalregister.gov/documents/2012/06/22/2012-15230/treatment-of-overall-foreign-and-domestic-losses) (2012): Treatment of Overall Foreign and Domestic Losses
- [77 FR 36914](https://www.federalregister.gov/documents/2012/06/20/2012-14979/modification-to-consolidated-return-regulation-permitting-an-election-to-treat-a-liquidation-of-a) (2012): Modification to Consolidated Return Regulation Permitting an Election To Treat a Liquidation of a Target, Followed by a Recontribution to a New Target, as a Cross-Chain Reorganization
- [76 FR 20524](https://www.federalregister.gov/documents/2011/04/13/C1-2011-4846/guidance-under-section-1502-amendment-of-matching-rule-for-certain-gains-on-member-stock) (2011): Guidance Under Section 1502; Amendment of Matching Rule for Certain Gains on Member Stock
- [76 FR 11956](https://www.federalregister.gov/documents/2011/03/04/2011-4846/guidance-under-section-1502-amendment-of-matching-rule-for-certain-gains-on-member-stock) (2011): Guidance Under Section 1502; Amendment of Matching Rule for Certain Gains on Member Stock
- [75 FR 35643](https://www.federalregister.gov/documents/2010/06/23/2010-15087/extended-carryback-of-losses-to-or-from-a-consolidated-group) (2010): Extended Carryback of Losses to or from a Consolidated Group
- [75 FR 15610](https://www.federalregister.gov/documents/2010/03/30/2010-7094/consolidated-returns-intercompany-obligations) (2010): Consolidated Returns; Intercompany Obligations
- [74 FR 68530](https://www.federalregister.gov/documents/2009/12/28/E9-30547/apportionment-of-tax-items-among-the-members-of-a-controlled-group-of-corporations) (2009): Apportionment of Tax Items Among the Members of a Controlled Group of Corporations
- [74 FR 67053](https://www.federalregister.gov/documents/2009/12/18/E9-30170/corporate-reorganizations-distributions-under-sections-368a1d-and-354b1b) (2009): Corporate Reorganizations; Distributions Under Sections 368(a)(1)(D) and 354(b)(1)(B)
- [73 FR 79324](https://www.federalregister.gov/documents/2008/12/29/E8-30718/consolidated-returns-intercompany-obligations) (2008): Consolidated Returns; Intercompany Obligations
- [73 FR 65982](https://www.federalregister.gov/documents/2008/11/06/Z8-21006/unified-rule-for-loss-on-subsidiary-stock) (2008): Unified Rule for Loss on Subsidiary Stock
- [73 FR 53934](https://www.federalregister.gov/documents/2008/09/17/E8-21006/unified-rule-for-loss-on-subsidiary-stock) (2008): Unified Rule for Loss on Subsidiary Stock
- [73 FR 12265](https://www.federalregister.gov/documents/2008/03/07/E8-4573/guidance-under-section-1502-amendment-of-matching-rule-for-certain-gains-on-member-stock) (2008): Guidance Under Section 1502; Amendment of Matching Rule for Certain Gains on Member Stock
- [73 FR 2416](https://www.federalregister.gov/documents/2008/01/15/E8-575/guidance-under-section-1502-miscellaneous-operating-rules-for-successor-persons-succession-to-items) (2008): Guidance Under Section 1502; Miscellaneous Operating Rules for Successor Persons; Succession to Items of the Liquidating Corporation
- [72 FR 72929](https://www.federalregister.gov/documents/2007/12/26/E7-24874/calculating-and-apportioning-the-section-11b1-additional-tax-under-section-1561-for-controlled) (2007): Calculating and Apportioning the Section 11(b)(1) Additional Tax under Section 1561 for Controlled Groups.
- [72 FR 72592](https://www.federalregister.gov/documents/2007/12/21/E7-24877/treatment-of-overall-foreign-and-domestic-losses) (2007): Treatment of Overall Foreign and Domestic Losses
- [72 FR 40066](https://www.federalregister.gov/documents/2007/07/23/E7-14197/agent-for-a-consolidated-group-with-foreign-common-parent) (2007): Agent for a Consolidated Group With Foreign Common Parent
- [72 FR 39734](https://www.federalregister.gov/documents/2007/07/20/E7-14084/guidance-under-section-1502-amendment-of-tacking-rule-requirements-of-life-nonlife-consolidated) (2007): Guidance Under Section 1502; Amendment of Tacking Rule Requirements of Life-Nonlife Consolidated Regulations
- [72 FR 39313](https://www.federalregister.gov/documents/2007/07/18/E7-13839/treatment-of-excess-loss-accounts) (2007): Treatment of Excess Loss Accounts
- [72 FR 32794](https://www.federalregister.gov/documents/2007/06/14/E7-11148/guidance-necessary-to-facilitate-business-electronic-filing-and-burden-reduction) (2007): Guidance Necessary To Facilitate Business Electronic Filing and Burden Reduction
- [72 FR 17804](https://www.federalregister.gov/documents/2007/04/10/E7-6541/anti-avoidance-and-anti-loss-reimportation-rules-applicable-following-a-loss-on-disposition-of-stock) (2007): Anti-Avoidance and Anti-Loss Reimportation Rules Applicable Following a Loss on Disposition of Stock of Consolidated Subsidiaries
- [72 FR 12902](https://www.federalregister.gov/documents/2007/03/19/E7-4618/dual-consolidated-loss-regulations) (2007): Dual Consolidated Loss Regulations
- [71 FR 76904](https://www.federalregister.gov/documents/2006/12/22/06-9758/guidance-necessary-to-facilitate-business-electronic-filing-under-section-1561) (2006): Guidance Necessary To Facilitate Business Electronic Filing Under Section 1561
- [71 FR 71040](https://www.federalregister.gov/documents/2006/12/08/E6-20734/guidance-necessary-to-facilitate-business-electronic-filing) (2006): Guidance Necessary to Facilitate Business Electronic Filing
- [71 FR 30591](https://www.federalregister.gov/documents/2006/05/30/06-4873/guidance-necessary-to-facilitate-business-electronic-filing-and-burden-reduction) (2006): Guidance Necessary to Facilitate Business Electronic Filing and Burden Reduction
- [71 FR 26687](https://www.federalregister.gov/documents/2006/05/08/06-4273/intercompany-transactions-manufacturer-incentive-payments) (2006): Intercompany Transactions; Manufacturer Incentive Payments
- [71 FR 13001](https://www.federalregister.gov/documents/2006/03/14/06-2438/agent-for-a-consolidated-group-with-foreign-common-parent) (2006): Agent for a Consolidated Group With Foreign Common Parent
- [71 FR 13008](https://www.federalregister.gov/documents/2006/03/14/06-2411/guidance-under-section-1502-suspension-of-losses-on-certain-stock-dispositions) (2006): Guidance Under Section 1502; Suspension of Losses on Certain Stock Dispositions
- [71 FR 4264](https://www.federalregister.gov/documents/2006/01/26/06-585/determination-of-basis-of-stock-or-securities-received-in-exchange-for-or-with-respect-to-stock-or) (2006): Determination of Basis of Stock or Securities Received in Exchange for, or With Respect to, Stock or Securities in Certain Transactions; Treatment of Excess Loss Accounts
- [70 FR 14395](https://www.federalregister.gov/documents/2005/03/22/05-5528/guidance-under-section-1502-application-of-section-108-to-members-of-a-consolidated-group) (2005): Guidance Under Section 1502; Application of Section 108 to Members of a Consolidated Group
- [70 FR 10319](https://www.federalregister.gov/documents/2005/03/03/05-3951/loss-limitation-rules) (2005): Loss Limitation Rules
- [69 FR 22399](https://www.federalregister.gov/documents/2004/04/26/04-9448/guidance-under-section-1502-stock-basis-after-a-group-structure-change) (2004): Guidance Under Section 1502; Stock Basis After a Group Structure Change
- [69 FR 12799](https://www.federalregister.gov/documents/2004/03/18/04-6140/loss-limitation-rules) (2004): Loss Limitation Rules
- [68 FR 70701](https://www.federalregister.gov/documents/2003/12/19/03-31238/guidance-necessary-to-facilitate-business-electronic-filing) (2003): Guidance Necessary To Facilitate Business Electronic Filing
- [68 FR 12287](https://www.federalregister.gov/documents/2003/03/14/03-6119/guidance-under-section-1502-suspension-of-losses-on-certain-stock-dispositions) (2003): Guidance Under Section 1502; Suspension of Losses on Certain Stock Dispositions
- [67 FR 76985](https://www.federalregister.gov/documents/2002/12/16/02-31614/intercompany-transactions-conforming-amendments-to-section-446) (2002): Intercompany Transactions: Conforming Amendments to Section 446
- [67 FR 43538](https://www.federalregister.gov/documents/2002/06/28/02-16399/agent-for-consolidated-group) (2002): Agent for Consolidated Group
- [67 FR 11034](https://www.federalregister.gov/documents/2002/03/12/02-5850/loss-limitation-rules) (2002): Loss Limitation Rules
- [66 FR 33463](https://www.federalregister.gov/documents/2001/06/22/01-15576/guidance-on-filing-an-application-for-a-tentative-carryback-adjustment-in-a-consolidated-return) (2001): Guidance on Filing an Application for a Tentative Carryback Adjustment in a Consolidated Return Context
- [66 FR 32901](https://www.federalregister.gov/documents/2001/06/19/01-15353/special-aggregate-stock-ownership-rules) (2001): Special Aggregate Stock Ownership Rules
- [66 FR 9925](https://www.federalregister.gov/documents/2001/02/13/01-981/purchase-price-allocations-in-deemed-and-actual-asset-acquisitions) (2001): Purchase Price Allocations in Deemed and Actual Asset Acquisitions
- [66 FR 2219](https://www.federalregister.gov/documents/2001/01/11/01-6/accounting-for-long-term-contracts) (2001): Accounting for Long-Term Contracts
- [65 FR 33753](https://www.federalregister.gov/documents/2000/05/25/00-11901/consolidated-returns-limitations-on-the-use-of-certain-credits) (2000): Consolidated Returns-Limitations on the Use of Certain Credits
- [65 FR 31073](https://www.federalregister.gov/documents/2000/05/16/00-11900/guidance-under-section-1032-relating-to-the-treatment-of-a-disposition-by-an-acquiring-entity-of-the) (2000): Guidance Under Section 1032 Relating to the Treatment of a Disposition by An Acquiring Entity of the Stock of a Corporation in a Taxable Transaction
- [64 FR 61205](https://www.federalregister.gov/documents/1999/11/10/99-29085/acquisition-of-an-s-corporation-by-a-member-of-a-consolidated-group) (1999): Acquisition of an S Corporation by a Member of a Consolidated Group
- [64 FR 43613](https://www.federalregister.gov/documents/1999/08/11/99-20242/consolidated-returnsconsolidated-overall-foreign-losses-and-separate-limitation-losses) (1999): Consolidated ReturnsConsolidated Overall Foreign Losses and Separate Limitation Losses
- [64 FR 36116](https://www.federalregister.gov/documents/1999/07/02/99-16162/regulations-under-section-1502-of-the-internal-revenue-code-of-1986-limitations-on-net-operating) (1999): Regulations Under Section 1502 of the Internal Revenue Code of 1986; Limitations on Net Operating Loss Carryforwards and Certain Built-in Losses and Credits Following an Ownership Change of a Consolidated Group
- [64 FR 36092](https://www.federalregister.gov/documents/1999/07/02/99-16161/consolidated-returnslimitations-on-the-use-of-certain-losses-and-deductions) (1999): Consolidated ReturnsLimitations on the Use of Certain Losses and Deductions
- [63 FR 71589](https://www.federalregister.gov/documents/1998/12/29/98-33702/consolidated-returnslimitation-on-recapture-of-overall-foreign-loss-accounts) (1998): Consolidated ReturnsLimitation on Recapture of Overall Foreign Loss Accounts
- [63 FR 12641](https://www.federalregister.gov/documents/1998/03/16/98-6561/consolidated-returnslimitations-on-the-use-of-certain-credits-overall-foreign-loss-accounts) (1998): Consolidated ReturnsLimitations on the Use of Certain Credits; Overall Foreign Loss Accounts
- [63 FR 1740](https://www.federalregister.gov/documents/1998/01/12/98-43/consolidated-returnslimitations-on-the-use-of-certain-losses-and-credits-overall-foreign-loss) (1998): Consolidated ReturnsLimitations on the Use of Certain Losses and Credits; Overall Foreign Loss Accounts
- [61 FR 10447](https://www.federalregister.gov/documents/1996/03/14/96-6151/consolidated-groupsintercompany-transactions-and-related-rules) (1996): Consolidated GroupsIntercompany Transactions and Related Rules
- [60 FR 66077](https://www.federalregister.gov/documents/1995/12/21/95-30875/controlling-corporations-basis-adjustment-in-its-controlled-corporations-stock-following-a) (1995): Controlling corporation's basis adjustment in its controlled corporation's stock following a triangular reorganization
- [60 FR 2497](https://www.federalregister.gov/documents/1995/01/10/95-172/treatment-of-gain-from-disposition-of-certain-natural-resource-recapture-property) (1995): Treatment of Gain From Disposition of Certain Natural Resource Recapture Property
- [FR Doc. 94-31431](https://www.federalregister.gov/documents/1994/12/29/94-31431/capitalization-of-interest) (1994): Capitalization of Interest
- [FR Doc. 94-19548](https://www.federalregister.gov/documents/1994/08/15/94-19548/consolidated-returnsstock-basis-and-excess-loss-accounts-earnings-and-profits-absorption-of) (1994): Consolidated ReturnsStock Basis and Excess Loss Accounts, Earnings and Profits, Absorption of Deductions and Losses, Joining and Leaving Consolidated Groups, Worthless Stock Loss, Nonapplicability of Section 357(c)

## Leading cases

- [Nichols v. United States, 260 F.3d 637 (6th Cir. 2001)](https://www.courtlistener.com/opinion/774419/george-nichols-iii-in-his-capacity-as-liquidator-of-kentucky-central-life/)
- [Alumax Inc. v. Commissioner, 109 T.C. 133 (1997)](https://www.courtlistener.com/opinion/4695368/alumax-inc-v-commissioner/)

## Proposed regulations (not in force)

- [Prop. Treas. Reg. § 1.1502-23](/26/prop/1.1502-23_98-44.md): Consolidated net section 1231 gain or loss. (REG-104062-97, proposed 1998-01-12)
- [Prop. Treas. Reg. § 1.1502-3](/26/prop/1.1502-3_98-33703.md): Consolidated investment credit. (REG-106902-98, proposed 1998-12-29)
- [Prop. Treas. Reg. § 1.1502-13](/26/prop/1.1502-13_04-10477.md): Intercompany transactions. (REG-128572-03, proposed 2004-05-07)
- [Prop. Treas. Reg. § 1.1502-13](/26/prop/1.1502-13_05-3220.md): Intercompany transactions. (REG-131128-04, proposed 2005-02-22)
- [Prop. Treas. Reg. § 1.1502-35](/26/prop/1.1502-35_06-4872.md): Transfers of subsidiary stock and deconsolidations of subsidiaries. (REG-134317-05, proposed 2006-05-30)
- [Prop. Treas. Reg. § 1.1502-91](/26/prop/1.1502-91_2011-27445.md): Application of section 382 with respect to a consolidated group. (REG-133002-10, proposed 2011-10-24)
- [Prop. Treas. Reg. § 1.1502-41A](/26/prop/1.1502-41A_2012-13056.md):  (REG-142561-07, proposed 2012-05-30)
- [Prop. Treas. Reg. § 1.1502-72](/26/prop/1.1502-72_2012-22838.md): Corporate equity reduction transactions. (REG-140668-07, proposed 2012-09-17)
- [Prop. Treas. Reg. § 1.1502-13](/26/prop/1.1502-13_2014-00649.md): [Amended] (REG-144468-05, proposed 2014-01-16)
- [Prop. Treas. Reg. § 1.1502-13](/26/prop/1.1502-13_2015-05123.md): Intercompany transactions. (REG-100400-14, proposed 2015-03-06)
- [Prop. Treas. Reg. § 1.1502-21](/26/prop/1.1502-21_2015-05123.md): Net operating losses. (REG-100400-14, proposed 2015-03-06)
- [Prop. Treas. Reg. § 1.1502-22](/26/prop/1.1502-22_2015-05123.md): Consolidated capital gain and loss. (REG-100400-14, proposed 2015-03-06)
- [Prop. Treas. Reg. § 1.1502-28](/26/prop/1.1502-28_2015-05123.md): [Amended] (REG-100400-14, proposed 2015-03-06)
- [Prop. Treas. Reg. § 1.1502-76](/26/prop/1.1502-76_2015-05123.md): Taxable year of members of group. (REG-100400-14, proposed 2015-03-06)
- [Prop. Treas. Reg. § 1.1502-32](/26/prop/1.1502-32_2018-20304.md): Investment adjustments . (REG-104226-18, proposed 2018-10-10)
- [Prop. Treas. Reg. § 1.1502-13](/26/prop/1.1502-13_2024-16665.md): Intercompany transactions. (REG-102144-04, proposed 2024-08-07)
- [Prop. Treas. Reg. § 1.1502-2](/26/prop/1.1502-2_2024-20089.md): Computation of tax liability. (REG-112129-23, proposed 2024-09-13)
- [Prop. Treas. Reg. § 1.1502-3](/26/prop/1.1502-3_2024-20089.md): [Amended] (REG-112129-23, proposed 2024-09-13)
- [Prop. Treas. Reg. § 1.1502-53](/26/prop/1.1502-53_2024-20089.md): Consolidated minimum tax credit. (REG-112129-23, proposed 2024-09-13)
- [Prop. Treas. Reg. § 1.1502-55](/26/prop/1.1502-55_2024-20089.md): [Removed and Reserved] (REG-112129-23, proposed 2024-09-13)
- [Prop. Treas. Reg. § 1.1502-56A](/26/prop/1.1502-56A_2024-20089.md): Corporate alternative minimum tax. (REG-112129-23, proposed 2024-09-13)
- [Prop. Treas. Reg. § 1.1502-59](/26/prop/1.1502-59_2024-27227.md): Previously taxed earnings and profits and related basis adjustments. (REG-105479-18, proposed 2024-12-02)
- [Prop. Treas. Reg. § 1.1502-80](/26/prop/1.1502-80_2026-17365.md): Applicability of other provisions of law. (REG-115646-25, proposed 2026-08-26)

## Connections

Cites: none

Cited by: § 1501 Privilege to file consolidated returns; § 1503 Computation and payment of tax

Derived from: 1939 § 141

## Amendments

- 1954-08-16: [Act Aug. 16, 1954, ch. 736](/26/act/1954-ch736.md), 68A Stat. 367
- 1976-10-04: [Pub. L. 94-455](/26/act/94-455.md), 90 Stat. 1834
- 2004-10-22: [Pub. L. 108-357](/26/act/108-357.md), 118 Stat. 1600