New ABC Partnership is organized in the current year with three general partners. The partners include a corporation with a tax year ending on March 31 and a 60% interest in partnership capital and profits, and two individuals, each having a calendar tax year and a 20% interest in partnership capital and profits. The partnership's required tax year ends on.
A. September 30.
B. March 31. .
C. October 31.
D. December 31.
Ans: B. March 31. .
Business
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