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Question 37 of 75. All of the following regarding Schedule M-2 (Form 1065) are correct EXCEPT: Schedule M-2 tracks the partners' capital accounts. Schedule M-2

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Question 37 of 75. All of the following regarding Schedule M-2 (Form 1065) are correct EXCEPT: Schedule M-2 tracks the partners' capital accounts. Schedule M-2 tracks the partners' outside basis in the partnership. F Schedule M-2 includes capital contributed by the partners during the year. TX When completing Schedule M-2, determine if the partnership uses financial accounting or tax accounting. Mark for follow up

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