### Question
How does Taxable Year for Which Deductions Taken define component member?


### Answer
Under *26 U.S.C. § 465*, **component member** is defined as:

> an includible corporation (as defined in section 1504) which is a member of the affiliated group

#### Citation:
  - *26 U.S.C. § 465*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter E-Accounting Periods and Methods of Accounting > PART II-METHODS OF ACCOUNTING > Subpart C-Taxable Year for Which Deductions Taken**

