consolidated year
(2) Definitions For purposes of this subsection— (A) Intragroup stock The term “intragroup stock” means any stock which— (i) is in a corporation which is or was a member of an affiliated group of corporations, and (ii) is held by another corporation which is or was a member of such group. Such term includes any other property the basis of which is determined (in whole or in part) by reference to the basis of stock described in the preceding sentence. (B) Consolidated year The term “consolidated year” means any taxable year for which the affiliated group makes a consolidated return. (C) Application of section 312(n)(7) not affected The reference in paragraph (1) to subsection (n) of section 312 shall be treated as not including a reference to paragraph (7) of such subsection.