- P, Q, and R Corporations form PQR, LLC. P Corporation owns 20% of the LLC. Q Corporation owns 55% of the LLC. R Corporation owns 25% of the LLC. P Corporations taxable year end is June 30. Qs taxable year end is October 31. Rs taxable year end is June 30. What is the partnerships required taxable year?

- Mitchell Corporation, Stockton Corporation, and Conley Corporation are members of the newly formed Jazz, LLC, which is treated as a partnership for income tax purposes. Here is more information regarding the three corporations. What is the required taxable year for Jazz, LLCi if it owns 35% of Mitchell Corporation with taxable yr October 31, 35% of Stockton Corporation with taxable yr June 30, and 30% of Conley Corporation with taxable yr March 31