Investment club -

[JON]

yes there are still a few. Now what to I do. This is the first year - so I have to file the 1065, but is there not some type of an election with the first time filing that allows you not file the 1065 again as long as the information is provided to the members. What is the election and where do I find it?

Thanks

[jimmcg]

yes there are still a few. Now what to I do. This is the first year - so I have to file the 1065, but is there not some type of an election with the first time filing that allows you not file the 1065 again as long as the information is provided to the members. What is the election and where do I find it?

Thanks

Check Tax Book, Small Business Edition, page 20-3 and 20-4. I believe this will help you including how to make the election.