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22. Pedro is a calendar-year taxpayer who owns a 25% capital and profits interest in the SPTD Partnership. Pedro sells the remaining 75% capital and

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22. Pedro is a calendar-year taxpayer who owns a 25% capital and profits interest in the SPTD Partnership. Pedro sells the remaining 75% capital and profits interest to Sam on September 30. The partnership year-end is April 30 as permitted by the IRS for business purpose reasons. The SPTD Partnership A) terminates on September 30. B) terminates on October 31. C) terminates on December 31. D) does not terminate

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