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A partnership is owned 62 percent by a corporation and 38 percent by an individual. The corporation has a fiscal year ending on 1015 September

A partnership is owned 62 percent by a corporation and 38 percent by an individual. The corporation has a fiscal year ending on 1015 September 30?The individual is a calendar- an in year taxpayer? What is the tax yearof the partnership, assuming it does not qualify under the business purpose exception?

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