IRS releases draft Form 1065 instructions on partner tax basis capital reporting

IRS releases draft Form 1065 instructions on partner tax basis capital reporting  https://www.irs.gov/newsroom/irs-rele... https://accountinginstruction.info/ The IRS released today an early draft of the instructions to Form 1065, U.S. Return of Partnership Income PDF, for tax year 2020 (filing season 2021) that include revised instructions for partnerships required to report capital accounts to partners on Schedule K-1 (Form 1065).

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IRS releases draft Form 1065 instructions on partner tax basis capital reporting

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