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Olivia Corp and Emma Corp each own a 50% interest in a Partnership which uses a fiscal year ending 6/30. Olivia Corp uses the calendar

Olivia Corp and Emma Corp each own a 50% interest in a Partnership which uses a fiscal year ending 6/30. Olivia Corp uses the calendar year and Emma Corp uses a fiscal year ending 11/30. Determine (1) if the Partnership' should change its tax year and (2) what the required tax year of the Partnership should be

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