The second part of this series covers the reporting of trade and business income and deductions on Form 1065. It details how deductions and income are taken into account when calculating net income or loss. Each chapter begins with an alert of new changes for the year and then reviews the fundamentals pertaining to the topic in question. Examples illustrate how the related Internal Revenue Code rules apply. There is frequent emphasis on the rationale of the rules under discussion. Blank forms and schedules for particular items are included, as well as practice pointers, pitfalls and recent developments, with the cases and rulings noted. Visit the CCH Learning Center Website For More Information, To Purchase and To Enroll.