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Which of the following is the highest level consideration for the partnership using the tax year of a partner? At least one partner uses a

Which of the following is the highest level consideration for the partnership using the tax

year of a partner?

At least one partner uses a fiscal year.

The year that results in the least aggregate deferral.

The year used by all partners owning

5 %

or more of profits or capital

At least one partner owns a majority interest in partnership profits and capital.

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