Internal Revenue Code (Title 26 U.S.C.)
26 U.S.C. § 1373
Foreign income
Official textgovinfo.govlast amended
# (a) S corporation treated as partnership, etc.
For purposes of subparts A and F of part III, and part V, of subchapter N (relating to income from sources without the United States)— (1) an S corporation shall be treated as a partnership, and (2) the shareholders of such corporation shall be treated as partners of such partnership.
# (b) Recapture of overall foreign loss
For purposes of section 904(f) (relating to recapture of overall foreign loss), the making or termination of an election to be treated as an S corporation shall be treated as a disposition of the business.
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Nearby sections (25 sections)
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- 1363 · Effect of election on corporation
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