Jenna is a calendar year taxpayer who is a partner in JKL partnership. JKL has a June

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Jenna is a calendar year taxpayer who is a partner in JKL partnership. JKL has a June 30 fiscal year. Jenna reports her share of JKL’s income (loss) for the fiscal year that runs from July 1, 2013 – June 30, 2014 on her 2014 tax return.

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