ETAX Partnership R20-06B

Tax year of the partnership.

  • Same as tax year of partners owning > 50%.
  • If no partner(s) owns > 50%, same as tax year of partners owning ≥ 5%, if all have same tax year.
  • If all partners with ≥ 5% do not have same tax year, use year that results in least deferral of income.