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The Giant consolidated group includes SubTwo, which was acquired as part of a 382 ownership change. SubTwo brought with it to the group a large

The Giant consolidated group includes SubTwo, which was acquired as part of a 382 ownership change. SubTwo brought with it to the group a large NOL carryforward, $3,000,000 of which is available this year under the SRLY rules due to SubTwo's positive contribution to the group's taxable income. The 382 limitation with respect to SubTwo is $500,000.

How much of SubTwo's NOL (if any) can be used this year to reduce consolidated taxable income? $_________

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