What is the partnership''s taxable year

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Al has a fiscal year ending in October. Beau has a fiscal year ending in June. Carina has a calendar year. They form the ABC partnership with the following interests in capital and profits: Al and Beau each have 44 percent, and Carina has 12 percent. What is the partnership's taxable year? The partnership desires to adopt a fiscal year ending February 28. What is the result?

Reference no: EM13727540

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