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Business & farm
No. Wait to report 2023 activity on the 2023 Schedules K-1. You are required to provide final K-1s to the partners even if you have no activity to report. We suggest you wait until the forms are available for tax year 2023 to avoid confusion. You'll be able to find these forms on the IRS website possibly as early as October 2023, but more likely in December. You can complete them by hand and file by mail.
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March 19, 2023
8:22 AM