Consolidated groups
(m) Consolidated groups(1) In general. The activities of a consolidated group (within the meaning of 1.469-1T(h)(2)(ii)) and of each member of such group shall be determined under this section as if the consolidated group were one taxpayer. (2) Examples. The following examples illustrate the application of this paragraph (m). In each example, the facts, analysis, and conclusions relate to a single taxable year.