DAD Partnership has one corporate partner, Domino Corporation, with a fiscal year- end of June 30. Domino has a 30% interest in DAD. The other partners are individuals with a calendar year for tax purposes, none of whom has a 5% or more interest in DAD Partnership. What are DAD Partnership's choices with respect to selecting a tax year?

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The Answer of DAD Partnership has one corporate partner, Domino Corporation, with a fiscal year- end of June 30. Domino has a 30% interest in DAD. The other partners are individuals with a calendar year for tax purposes, none of whom has a 5% or more interest in DAD Partnership. What are DAD Partnership's choices with respect to selecting a tax year?

DAD Partnership Has One Corporate Partner, Domino Corporation, with a Fiscal