Determine the ownership percentage of capital and profits

Question

Partnership Tax Year

Response to the following problem:

EFGH partnership consists of four partners, E, F, G, and H. Each partner's year end along with their ownership percentage of capital and profits is shown below. Determine EFGH's required tax year.

Partner         Year-End                  Percentage

E                     June 30                    48%

F                  October 31                  4%

G                 December 31                24%

H                 December 31                24%

                                                     100%