ELJ_CPA
Level 2
yesterday
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Partnership has Section 754 election in place. Partner died in 2024 but is still awaiting appraisal of partnership interest to determine fair market value of partnership interest needed to make Section 743(b) step-up adjustments. We want to file 2024 Form 1065 (due 9/15/2025) pursuant to Regulations Section 1.743-1(k)(5), but cannot find a way in PTO to have that required statement ("Return filed pursuant to Section 1.743-1(k)(5)") print on the return.
How can we get this statement to appear on page 1 of Form 1065 and the appropriate partners' Schedule K-1 as required per the regulations?
Help! We are running out of time and there was no support available over the weekend before the deadline.
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