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Gold Corporation, Silver Corporation, and Copper Corporation Are Equal Partners

Question 34

Multiple Choice

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.

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