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A U.S. parent can deduct the current operating loss of a non-U.S. entity that it owns if the non-U.S. entity is operated as a: A.

A U.S. parent can deduct the current operating loss of a non-U.S. entity that it owns if the non-U.S. entity is operated as a:

A. Branch

B. Subsidiary

C. Both a. and b.

D. Neither a. nor b.

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