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Jordan,Inc

Question 97

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Jordan,Inc.,Bird,Inc.,Ewing,Inc.,and Barkley,Inc.formed Nothing-But-Net Partnership on June 1st,20X9.Now,Nothing-But-Net must adopt its required tax year-end.The partners' year-ends,profits interests,and capital interests are reflected in the table below.Given this information,what tax year-end must Nothing-But-Net use and what rule requires this year-end?
Jordan,Inc.,Bird,Inc.,Ewing,Inc.,and Barkley,Inc.formed Nothing-But-Net Partnership on June 1<sup>st</sup>,20X9.Now,Nothing-But-Net must adopt its required tax year-end.The partners' year-ends,profits interests,and capital interests are reflected in the table below.Given this information,what tax year-end must Nothing-But-Net use and what rule requires this year-end?

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Because the partners all have different ...

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