Gold Corporation, Silver Corporation, and Platnium Corporation are partners in the GSP Partnership, which was formed on July1, 2018. Gold and Silver use a calendar tax year, and Plantinum's tax year ends June 30th. Platinum owns 65% of the partnership. GSP is not a seasonal business.

a. GSP must use a tax year ending December 31st.

B. GSP must use a tax year ending June 30th.

C. GSP may use a tax year ending either June 30th or December 31st. .

D. GSP may elect its tax year without regard tot he partners tax years.