1065 Schedule B-2

Please recommend explainers about why a small partnership (with eligible partners) should or shouldn't elect this schedule.  Thanks.

Business & farm

(@M-MTax, I did search on this forum.  I found questions about instructions to fill out the Schedule, but I want to understand the consequences of electing this Schedule.   Hence, I'm requesting explainers for a partnership that hasn't undergone a tax audit.)

 

I'm using TurboTax because I don't understand tax law.  So law statutes aren't helpful.  By the way, your other links don't work.