in what order should the tests to determine a partnerships y

in what order should the tests to determine a partnership\'s year end be applied?

multiple choice

1 Majority interest taxable year-least aggregate deferral-principal partners test

2 Principal partners test- majority interest taxale year

3 principal partners test- least aggregate defferral

4 majority interest taxable year-principal partners test-least aggregate deferral

5 none of the choices are correct

Solution

(option 1)1st majority interst taxable year test.

(option 3)2nd principal partners test and then least aggregate deferral test.

while knowing the year end of partnership first test will be majority interest taxable year, next test will be principal partners test, next test will be least aggregate deferral test.