ParentCo and SubOne have filed consolidated returns since 2012. SubTwo was formed in 2014 through an asset spin-off from ParentCo. SubTwo has joined in the filing of consolidated returns since then. Taxable income computations for the members include the following. None of the group members incurred any capital gain or loss transactions during these years, nor did they make any charitable contributions. 
If ParentCo does not elect to forgo the carryback of the 2015 net operating loss, how much of the 2015 consolidated net operating loss is carried back to offset prior years' income?
Definitions:
Biological Children
Children who are genetically related to their parents, as opposed to children who are adopted or stepchildren.
Conflicting Goals
The situation where different objectives or desired outcomes are at odds with each other, leading to disagreement or compromise.
Family Lifecourse
A perspective focusing on the stages and transitions individuals and families go through over time, such as marriage, parenthood, retirement.
Lesbian Co-Parent Family
A family structure where children are raised by two female partners who share parental responsibilities and roles.
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