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North Carolina Administrative Code Title 17 — Revenue

17 NCAC 05C .0704

Proration Of Deductions

Official textreports.oah.state.nc.us

Any allowable deduction that is applicable both to apportionable and nonapportionable income or to more than one "trade or business" of the taxpayer shall be prorated to those classes of income or trades or businesses in determining income subject to tax. The taxpayer shall be consistent in the proration of such deduction or deductions in filing returns under these Rules.

Last amended: Authority G.S. 105-130.4; 105-262; Eff. February 1, 1976; Amended Eff. January 1, 2005; January 1, 1994; Pursuant to G.S. 150B-21.3A, rule is necessary without substantive public interest Eff. August 19, 2017.

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In this chapter (40 sections)
  1. 17-05c-0302 · Adjustments To Federal Taxable Income
  2. 17-05c-0303 · Miscellaneous
  3. 17-05c-0304 · Attribution Of Expenses To Nontaxable Income
  4. 17-05c-0401 · North Carolina Obligations
  5. 17-05c-0402 · Obligations Of Other States
  6. 17-05c-0403 · U.S. Obligations
  7. 17-05c-0404 · Sales Or Exchanges
  8. 17-05c-0405 · Obligations Of Federal National Mortgage Association
  9. 17-05c-0406 · Mortgage Backed Certificate Guaranteed By Gnma
  10. 17-05c-0407 · Repurchase Agreements
  11. 17-05c-0501 · Preliminary Statement
  12. 17-05c-0502 · Reporting Net Income Or Loss To North Carolina
  13. 17-05c-0601 · Preliminary Statement
  14. 17-05c-0602 · Definition Of Taxpayer
  15. 17-05c-0603 · In General
  16. 17-05c-0604 · When A Taxpayer Is Subject To Tax
  17. 17-05c-0605 · When A State Has Jurisdiction
  18. 17-05c-0701 · Division Of Income: In General
  19. 17-05c-0702 · Business And Nonbusiness Income Defined
  20. 17-05c-0703 · Business And Nonbusiness Income
  21. 17-05c-0704 · Proration Of Deductions
  22. 17-05c-0801 · In General
  23. 17-05c-0802 · Property Used For The Production Of Apportionable Income
  24. 17-05c-0803 · Consistency In Reporting
  25. 17-05c-0804 · Numerator
  26. 17-05c-0805 · Valuation Of Owned Property
  27. 17-05c-0806 · Rented Property
  28. 17-05c-0807 · Averaging Property Values
  29. 17-05c-0901 · In General
  30. 17-05c-0902 · Payroll Accounting Method
  31. 17-05c-0903 · Compensation
  32. 17-05c-0904 · The Term Employee
  33. 17-05c-0905 · Include In Payroll Factor
  34. 17-05c-0906 · Denominator Of Payroll Factor
  35. 17-05c-0907 · Numerator Of Payroll Factor
  36. 17-05c-0908 · Corporations Utilizing Common Paymaster
  37. 17-05c-1001 · Sales Made In General Business Operations
  38. 17-05c-1002 · Sales Incidental To General Business Operations
  39. 17-05c-1003 · Sales Made In Other Type Of Business Activity
  40. 17-05c-1004 · Numerator
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