Which of the Following Statements Regarding the Process for Determining

Multiple Choice

Which of the following statements regarding the process for determining a partnership's tax year-end is true?

A) Only the partners' profits interests are relevant when determining if a partnership has a majority interest taxable year.
B) Under the principal partners test, a principal partner is defined as a partner having an interest of 3% or more in the profits or capital of the partnership.
C) The least aggregate deferral test utilizes the partners' capital interests to measure the amount of aggregate deferral.
D) A partnership is required to use a calendar year-end if it has a corporate partner.
E) None of these