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Question 1 of 6. Using the 2022 instructions for Schedules K-2/K-3, which of the following statements is TRUE? Every partnership and S corporation must issue
Question 1 of 6. Using the 2022 instructions for Schedules K-2/K-3, which of the following statements is TRUE? Every partnership and S corporation must issue Schedules K2/K3 to all members. Whenever Schedules K-2/K-3 are required, all portions of both schedules must be completed. When an entity has met the first three criteria and one member requests a Schedule K3 by the one-month date, the entity must provide Schedule K-3 to all members. When an entity has met the first three criteria and one member requests a Schedule K-3 by the one-month date, the entity only provides Schedule K-3 to the requestor. Mark for follow up
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