On June 12, 20X9, Kevin, Chris, and Candy Corp.came together to form Scrumptious Sweets General Partnership.Now, Scrumptious Sweets must decide which tax year-end to use.Kevin and Chris have calendar year-ends and each holds a 35 percent profits and capital interest.However, Candy Corp.has a September 30th year-end and holds the remaining 30 percent profits and capital interest.What tax year-end must Scrumptious Sweets adopt, and what rule mandates this year-end?
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