Data entry for centralized partnership audit regime

You're not required to make a formal election to opt out of the centralized partnership audit regime [section 6221(b)].
  1. Go to the
    General
    folder on the
    OthInfo
    screen.
  2. In the
    Electing out of the centralized partnership audit regime under section 6221(b)
    field, answer
    Yes
    for
    Schedule B, Question 25
    .
  3. Go to the
    SchB2
    screen and open the
    Elections
    folder.
  4. Enter details for shareholders of S corporation partners for Schedule B-2.
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