1065-US: Qualifying for the de minimis exception under Regulations section 1.1446-6(c)(1)(ii) (FAQ)

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Question

How do I indicate that a partner qualifies for the de minimis exception under Regulations section 1.1446-6(c)(1)(ii)?

Answer

Mark the De minimis partner certificate on file checkbox in the Federal tab in the Partner Information window in Partner Data Entry. To access Partner Data Entry, choose View > Partner Information.

Note: Reductions to effectively connected taxable income allocable to foreign partners entered in Screen 8804 will be disregarded for those partners with the De minimis partner certificate on file checkbox marked.

Related topic: Forms 8804 and 8805 FAQs (1065)

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