rick-hunter
Level 3
02-27-2022
05:32 PM
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On the K-1 worksheet where I enter partner information, I've checked the "Corporation" box as well as the "Foreign" box. They are electing out of the centralized partnership audit regime. On the Schedule B-2, listing the electing partners, it should be shown as an "Eligible Foreign Entity." But ProSeries shows it as a Corporation, and when I change it, it shows an override.
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