A partnership must provide any information to the partners that the partners would need to calculate deductions not permitted at the partnership level, such as for oil and gas depletion or the corporate dividends received deduction.

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According to IRS rules, a partnership must provide all necessary information to the partners that is required to calculate deductions not permitted at the partnership level, including oil and gas depletion and the corporate dividends received deduction. This ensures that partners can accurately report their share of partnership income and deductions on their individual tax returns.

A Partnership Must Provide Any Information to the Partners That