With the most recent revision to the Form 1065 instructions, I am requesting that the software include a checkbox option (similar to an election) for notifying partners and S-shareholders of the domestic filing exception as a footnote/statement to the K-1.
This exception requires notification that the Schedule K-3 would not be issued (if meeting the other requirements) unless the partner requests one. The most recent revision allows for the notification to be included WITH THE K-1, as an attachment. Please include a checkbox so that we do not need to manually add/type the notification for each partner/shareholder.
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