The Giant consolidated group includes SubTwo, which was acquired as part of a § 382 ownership change. SubTwo brought with it to the group a large NOL carryforward, $3,000,000 of which is available this year under the SRLY rules due to SubTwo's positive contribution to the group's taxable income. The § 382 limitation with respect to SubTwo is $500,000.
How much of SubTwo's NOL (if any) can be used this year to reduce consolidated taxable income?