Jordan, Inc., Bird, Inc., Ewing, Inc., and Barkley, Inc. formed Nothing-But-Net Partnership on June1st, 20X9. Now, Nothing-But-Net must adopt its required tax year-end. The partners' year-ends, profitsinterests, and capital interests are reflected in the table below. Given this information, what tax year-end mustNothing-But-Net use and what rule requires this year-end?

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The Answer of Jordan, Inc., Bird, Inc., Ewing, Inc., and Barkley, Inc. formed Nothing-But-Net Partnership on June1st, 20X9. Now, Nothing-But-Net must adopt its required tax year-end. The partners' year-ends, profitsinterests, and capital interests are reflected in the table below. Given this information, what tax year-end mustNothing-But-Net use and what rule requires this year-end?