This is a little bit off topic, but this seems like a good source to start with. I'm trying to get a head start on 2024, so have been trying to see if there were any law changes for K-1s and found this. Has anyone else seen it?
RS doesn't require LLC to complete information related to the partners' capital accounts or balance sheet for business if:
the business has less than $250,000 in income for the year
the business has less than $1 million in total assets for the year
the business will deliver Schedule K-1's on time to partners.
has anyone seen this or heard of it?
