### Question
How does the law define selling consolidated group?


### Answer
Under *26 U.S.C. § 338*, **selling consolidated group** is defined as:

> any group of corporations which (for the taxable period which includes the transaction)—


(i) includes the target corporation, and


(ii) files a consolidated return

#### Citation:
  - *26 U.S.C. § 338*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter C-Corporate Distributions and Adjustments > PART II-CORPORATE LIQUIDATIONS > Subpart B-Effects on Corporation**

