Electing large partnership rules differ from other partnership rules in all of the following areas except

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All of the above areas - partnership audits, termination, and income reporting - have specific rules and requirements for large partnerships that differ from those of traditional partnerships. For example, large partnerships are subject to mandatory audits by the IRS, have specialized rules for terminating the partnership, and are required to file an additional tax form for income reporting.

Electing Large Partnership Rules Differ from Other Partnership Rules in All