Gold Corporation, Silver Corporation, and Copper Corporation are equal partners in the GSC Partnership. The partners' tax year-ends are as follows: Gold December 31
Silver April 30
Copper September 30
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 30 year-end.
D) The partnership must use a April 30 year-end.
E) None of the above.
Correct Answer:
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