Gold Corporation,Silver Corporation,and Copper Corporation are equal partners in the GSC Partnership.The partners' tax yearends are as follows: Gold December 31st
Silver April 30th
Copper September 30th
A) The partnership is free to elect any tax year.
B) The partnership may use any of the 3 year-end dates that its partners use.
C) The partnership must use a September 30th year-end.
D) The partnership must use an April 30th year-end.
E) None of these.
Correct Answer:
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