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@ Red, White, and Blue are unrelated corporations engaged in real estate development. The three corporations formed a joint venture (treated as a partnership) to

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@ Red, White, and Blue are unrelated corporations engaged in real estate development. The three corporations formed a joint venture (treated as a partnership) to develop a tract of land. Assuming that the venture does not have a natural business year, what tax year must the joint venture adopt under the following circumstances? _______. Tait Year Ending Interest in Joint Venture a. Red March 31 6096 Blue June 30 213% White October 31 20% b. Red October 31 asst White September so sues Blue January 31 309i:- .-"_

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