Arizona Administrative Code
Title 15 - REVENUE
Chapter 2 - DEPARTMENT OF REVENUE - INCOME AND WITHHOLDING TAX SECTION
Subchapter G - PARTNERSHIPS
Article 1 - TAXATION OF PARTNERSHIPS
Section R15-2G-101 - Partnerships
Universal Citation: AZ Admin Code R 15-2G-101
Current through Register Vol. 30, No. 38, September 20, 2024
A. For purposes of this Section:
1. "Distributive share of the
partnership" means a partner's share, as determined under the partnership
agreement, of the items enumerated in A.R.S. §
43-1412.
2. "Arizona distributive share of the
partnership" means the amount computed in subsection (A)(1), subject to the
allocation and apportionment provisions of A.R.S. §§
43-1131
through
43-1148.
B. A partnership is not subject to income tax but shall file a return of income for information purposes.
C. In computing taxable income:
1. A resident partner shall include
the resident partner's distributive share of the partnership.
2. A nonresident partner shall include the
nonresident partner's Arizona distributive share of the partnership.
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