Extract to table

The Partnership's 2024 Form 1065 must be filed by March 15, 2025 (or by September 15, 2025 if the Partnership obtains a six-month extension by timely filing Form 7004)

Filing Requirements The Section 754 election statement set forth in Section II above must be filed in compliance with the following procedural requirements: 1

The election statement must be attached to a timely filed Form 1065, U

The election statement must be signed by any one of the partners of the Partnership who is authorized to sign the Partnership's return

For purposes of the centralized partnership audit regime enacted by the Bipartisan Budget Act of 2015 (the "BBA"), the Partnership must designate a partnership representative for the taxable year ending December 31, 2024, on its Form 1065

754-1(c), such consent will not be granted unless the Partnership demonstrates that there has been a change in the nature of the Partnership's business or a substantial increase in the assets of the Partnership, and the application must set forth the grounds upon which the revocation is desired