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Consolidated Return

Level 2

Hello All,

Quick questions on Consolidated Return.

If I want to do the consolidated return, do I need to make all subsidiary returns first even though I'm not going to file those returns? (Just gonna file Consolidated one only).

So it means that I need to create all the subsidiaries returns (Federal only?) and later combined into one? (Does it automatically combined if I'm linking all subsidiaries +parents returns on consolidated returns?)

Please advise 

Thank you!!

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Level 15