Partnertax.ai
Start free trial →

North Carolina Administrative Code Title 17 — Revenue

17 NCAC 05C .1701

Reporting Partnership Net Income

Official textreports.oah.state.nc.us

A corporation which is a member of a partnership or joint venture doing business in North Carolina is subject to North Carolina income tax and is required to include in the total net income subject to apportionment and allocation its share of the partnership's net income or net loss to the same extent required for federal income tax purposes.

Last amended: Authority G.S. 105-130.3; 105-262; Eff. February 1, 1976; Pursuant to G.S. 150B-21.3A, rule is necessary without substantive public interest Eff. August 19, 2017.

Source: view the official text

Report a problem

What's wrong?

Sent anonymously with this page's citation. No personal information is collected.
In this chapter (40 sections)
  1. 17-05c-1206 · Contributions Carry-Over Unallowable
  2. 17-05c-1301 · Amortization Over 60 Month Period
  3. 17-05c-1302 · Certification Of Facilities Required
  4. 17-05c-1401 · Preliminary Statement
  5. 17-05c-1402 · Tax-Exempt Bonds
  6. 17-05c-1403 · Taxable Bonds
  7. 17-05c-1404 · Definition Of Bond
  8. 17-05c-1501 · Preliminary Statement
  9. 17-05c-1502 · Differences Between North Carolina And Federal Provisions
  10. 17-05c-1503 · Definition Of Net Economic Loss
  11. 17-05c-1504 · Income Not Taxable
  12. 17-05c-1505 · Procedure For Deducting A Net Economic Loss
  13. 17-05c-1506 · Corporations Apportioning Their Net Income
  14. 17-05c-1507 · Corporation Sustaining Loss Entitled To Deduction
  15. 17-05c-1601 · Preliminary Statement
  16. 17-05c-1602 · Deductions For Payments To And Charges By
  17. 17-05c-1603 · Consolidated Returns
  18. 17-05c-1604 · Required To Furnish Information Requested By Secretary
  19. 17-05c-1605 · Definitions
  20. 17-05c-1606 · Transactions Closely Examined By The Department
  21. 17-05c-1701 · Reporting Partnership Net Income
  22. 17-05c-1702 · Apportionable Income Or Nonapportionable Income
  23. 17-05c-1801 · Taxable Percentages/Dividends
  24. 17-05c-1802 · No Return Filed In Year Ended September 30
  25. 17-05c-1803 · Two Returns Filed By A Corporation During Twelve Month…
  26. 17-05c-1804 · Change In Name Or In State Of Incorporation
  27. 17-05c-1805 · Amended And Adjusted Returns
  28. 17-05c-1806 · Mergers
  29. 17-05c-1901 · Time And Place For Filing
  30. 17-05c-1902 · Extension Of Filing Date
  31. 17-05c-1903 · Payment Of Taxes
  32. 17-05c-1904 · Overpayments Applied To Next Year
  33. 17-05c-2001 · Automatic Extension
  34. 17-05c-2002 · Application For An Additional Extension
  35. 17-05c-2003 · Interest And Penalties
  36. 17-05c-2004 · Extension Of Filing Date
  37. 17-05c-2101 · Requirements When Corporation Ends
  38. 17-05c-2102 · Withdrawals/Filing Requirements
  39. 17-05c-2201 · Preliminary Statement
  40. 17-05c-2202 · Corporations Fully Exempt
Full table of contents →