How does an electing large partnership differ from a regular partnership?
A)In the determination of separately stated items of partnership income,gain,loss,or deduction.
B)An electing large partnership terminates when the partners cease to conduct any business,financial operation,or venture.
C)An electing large partnership must provide a Schedule K-1 to its partners.
D)There are no differences in the reporting of income,gain,loss,deduction or credit between a partnership and an electing large partnership.

Question

Quizplus · Accepted Answer

A)Electing large partnerships' separately stated partnership items are different from those of a regular partnership.

How Does an Electing Large Partnership Differ from a Regular