https://apps.irs.gov/app/picklist/list/ ... Forms.html
IRS has released 1065, 1120-S, and Schedules K-1 for 2019. Both forms include a new checkbox that indicates whether the entity (1) aggregated activities for at-risk purposes or (2) grouped activities for passive activity purposes. In addition. Schedule K-1 of Form 1065 requires partners to report their share of net unrecognized Section 704(c) gain or loss.
I am stuck on tax returns and still needs to explain new changes to boss and clients.