Red, White, and Blue are unrelated corporations engaged in real estate development. The three corporations formed a joint venture (treated as a partnership) to develop a tract of land. Assuming that the venture does not have a natural business year, what tax year must the joint venture adopt under the following circumstances?

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Tax Year Ending March 31 June 30 October 31 October 31 September 30 January 31 Interest in Joint Venture 60% 20% 20% 30% 40% 30% a. Red Blue White b. Red White Blue