The Seagull Partnership has three equal partners.Partner A's tax year ends June 30th,and Partners B and C use a calendar year.If the partnership uses the calendar year to report its income,when Partner A files his tax return for his tax year ending June 30,2011,he will include his share of partnership income for the period July 1,2010 through June 30,2011.

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The Answer of The Seagull Partnership has three equal partners.Partner A's tax year ends June 30th,and Partners B and C use a calendar year.If the partnership uses the calendar year to report its income,when Partner A files his tax return for his tax year ending June 30,2011,he will include his share of partnership income for the period July 1,2010 through June 30,2011.

The Seagull Partnership Has Three Equal Partners