Insurance Returns: Life Nonlife Consolidation

A mixed group consolidation that consists of 1120, 1120-PC, and 1120-L returns is a Life Nonlife Consolidation. It cannot contain any other return type. If you have other subsidiaries in your company structure, they must be combined in one of the three subgroups. Return types must be grouped together.

Only the following Life Nonlife Structures correctly compute, print, and e-file in the tax application.

Types of Life Nonlife Structures

The Life Nonlife consolidation can ONLY contain THREE entities. The Life Nonlife can have the following examples.

If the parent is an 1120, then the example would be:

Parent Slot	1120 Nonlife Subgroup
Elimination Slot	1120 LNL Elimination
Subsidiary Slot	1120-L Topmost Subgroup

If the parent is an 1120-PC, then the example would be:

Parent Slot	1120-PC Nonlife Subgroup
Elimination Slot	1120-PC Elimination
Subsidiary Slot	1120-L Topmost Subgroup

If the parent is an 1120-L, then the example would be:

Parent Slot	1120-L Nonlife Subgroup
Elimination Slot	1120 Elimination
Subsidiary Slot	1120 or 1120-PC Topmost Subgroup

If the Nonlife subgroup does not include a PC subgroup:

You MUST create a PC subgroup that includes a blank PC subsidiary and blank PC elimination. This is then consolidated with the 1120 subgroup in the Nonlife subgroup Subconsolidation. If the PC subgroup is omitted, the result in a nonqualified XML file.

1120/oit_ins_consol_4.htm/TY2021

Last Modified: 03/20/2020

Last System Build: 01/31/2023