Page 154 - Large Business IRS Training Guides
P. 154

Allocation Rules



                     Excepted vs. Non-Excepted-Example 1











                                                            HoldCo.














                   Sub 1                                          Sub 2


              Electing Real                                                                                       Sub 3
          Property Trade or                            Non-Excepted Trade or                             Regulated Utility

                 Business                                       Business
















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