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Child Corporation joined the Thrust consolidated group in year 1. At the time it joined the group. Child held a $2 million NOL carryforward. On

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Child Corporation joined the Thrust consolidated group in year 1. At the time it joined the group. Child held a $2 million NOL carryforward. On a consolidated basis, the members of Thrust generated significant profits for many years. Child's operating results during the first few consolidated return years were as follows. The 382 rules do not apply to the group. How will Child's NOLs affect consolidated taxable income for each of these years? Is any refund available with respect to the NOL that Child brought into the group? Explain

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