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How to prepare Form 1065-B
About Form 1065-B
Form 1065-B, also known as the U.S. Return of Income for Electing Large Partnerships, is a tax document used by partnerships with more than 100 partners. This form is used to report income, deductions, gains, losses, credits, and other relevant details for tax purposes. Partnerships that are required to file Form 1065-B include electing large partnerships, which are defined as those with 100 or more partners at any time during the tax year. Electing large partnerships are subject to specific tax rules and regulations, and they need to file this form to comply with the IRS requirements for reporting partnership income and activities.
What Is Form 1065-B?
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