ParentCo and SubOne have filed consolidated returns since 2008. SubTwo was formed in 2012 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 2012 net operating loss, how much of the 2012 consolidated net operating loss is carried back to offset prior years' income?
Definitions:
Hormones
Chemical messengers produced by glands in the body that regulate physiological activities and maintain homeostasis.
Neurotransmitters
Substances that carry signals between neurons across synapses within the nervous system.
Synapses
The junctions through which neurons communicate with each other, using chemical or electrical signals.
Psychodynamic Model
A theoretical approach in psychology that emphasizes the role of unconscious processes and childhood experiences in shaping behavior and personality.
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