1120: Consolidations

Click here to download a PDF copy of this tutorial.

A consolidation consists of a Top Consolidation and/or a Subconsolidation return that holds the combined results of:

• Parent, Subconsolidation(s), or Divisional Consolidation
• Elimination Return
• Subsidiaries/Divisions

When preparing and processing an 1120 consolidation, you will be dealing with some or all of the following types of returns:

• Parent return
• Top consolidation return
• Elimination return
• Subconsolidation return
• Subsidiary/division returns
• Divisional consolidation

Topics

• 1120: Consolidations Process Chart
• 1120: Consolidations - Required Input
• 1120: Consolidations: Creating Returns
• 1120: Consolidation Subsidiary List
• 1120: Consolidations - Affiliation Schedule
• 1120: Consolidate
• 1120: Consolidation Review
• 1120: Consolidations - Print Preview
• 1120: Consolidation Tips

 

 

 

Tutorials/1120_cons_intro.htm/TY2019

Last Modified: 03/19/2020

Last System Build: 06/18/2021

©2019-2020 Thomson Reuters/Tax & Accounting.