Business & farm

The instructions are specific in a couple of places.

  1. Form 1065 Schedule B question 6 addresses this question.
  2. The form 1065 instructions on page 26 address this question as well.
In your specific case, the answer is "no" based on your facts.




*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.

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