SECTION 1. PURPOSE

.01 This revenue procedure provides the requirements for furnishing substitute Schedule K–1, Partner’s Share of Income, Deductions, Credits, etc., in electronic format. A partnership (including an Electing Large Partnership, as defined in section 775 of the Internal Revenue

Code) that follows the procedures set forth in this revenue procedure will satisfy the requirements of section 6031(b) of the Internal Revenue Code and section 1.6031(b)–1T(a)(1) of the Income Tax Regulations.