1) Complete the following activity.

In 2014, "Prince" Frank, Joe and Nord, Inc, formed "the Candy Co, LLC". At formation, the entity did not file Form 8832. For 2041 and therefore, the Candy Co LLC was taxed as a partnership and filed its return with a 12/31 year-end based on the majority interest rule.

• The parties are unrelated
• Frank's tax year ends 12/31
• Joe's tax year ends 12/31
• Nord's Inc's tax year end is 11/30.

Their ownership interests are as follows:

• Frank: 30%
• Joe: 50%
• Nord, Inc: 20%

The Candy Co LLC sells all sorts of delicious candy that is sourced from around the world. Typically, Candy Co LLC has a "busy season" prior to Christmas and Easter. At the time of formation, the Candy Co LLC's year-end was 12/31. On May 15, 2021, Joe formed AO Inc. as a C corporation and transferred all of his interest in the Candy Co LLC into AO Inc. It selected May 31 as its year-end.

The Candy Co LLC has the following gross receipts:

	2018	2019	2020	2021	2022
January	150,000	159,000	169,000	179,000	189,000
February	209,000	109,000	119,000	159,000	169,000
March	300,000	90,000	95,000	99,000	104,000
April		120,000	126,000	132,000	139,000
May		210,000	221,000	232,000	243,000
June		315,000	331,000	347,000	365,000
July		105,000	110,000	116,000	122,000
August		124,000	129,000	134,000	160,000
September		140,000	148,000	152,000	161,000
October		190,000	198,000	175,000	178,000
November		190,000	198,000	175,000	178,000
December		190,000	198,000	165,000	218,000

1. What year end(s) can the partnership choose for 2023?
2. What year end must the partnership use for 2023?