Which of the following is one of the conditions a partnership must meet to be eligible to make a Sec. 444 election (election to use a tax year that is different from a required tax year)?
A. The partnership establishes a business purpose for a different period.
B. The partnership is a member of a tiered structure.
C. The partnership must not choose a tax year with a deferral period that is longer than 6 months or with the deferral period of the tax year being changed, if this period is shorter.
D. The partnership has not previously had a Sec. 444 election other than to change an election to a shorter deferral period.
Ans: D. The partnership has not previously had a Sec. 444 election other than to change an election to a shorter deferral period.
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