Group tab (1120 Consolidated S and C Corporations)

Use this tab to designate the parent, eliminations, and subsidiary companies to be included in the 1120 Consolidated S or C Corporation return.
To open this window, select
Advanced Properties
in either the
New Client
or
Client Properties
window for an S or C Corporation consolidated return, then select the
Group
tab.

Fields & buttons

Lists all 1120C or 1120-S Corporation clients available for inclusion in this consolidated client.
  • To designate the
    parent
    company for this consolidated client, select the client and choose
    Select Parent
    .
  • To designate the
    eliminations
    company for this consolidated client, select the client and choose
    Select Eliminations
    . (An eliminations client is used to exclude from the tax calculations for the consolidated client any intercompany transactions among the consolidated group members.)
  • To designate the
    subsidiary
    companies (or QSSS members) for this consolidated client, select the client or clients and choose
    Select Subsidiary
    .
To designate the parent company for this consolidated return, select the company in the
Clients available list
pane, then select this button.
To designate the eliminations company for this consolidated return, select the company in the
Clients available list
pane, then select this button.
To select the subsidiary companies (or QSSS members) for this consolidated return, select the companies in the
Clients available list
pane, then select this button.
Lists the clients you have selected to include in the consolidated return.
To de-select a client, select the client in the list pane, then select this button. The client moves to the other pane.
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