Question: In which situation would a partnership be required to complete schedules L, M-1, and M-2 on page 5 of form 1065? (1) The partnerships tax
In which situation would a partnership be required to complete schedules L, M-1, and M-2 on page 5 of form 1065?
(1) The partnerships tax receipt for the year were $100,000.
(2) The partnerships tax receipts for the year for $200,000.
(3) The partnerships assets at the end of the year were $500,000.
(4) The partnerships assets at the end of the year were $1,050,000.
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