SECTION .3500 - PARTNERSHIPS

 

17 NCAC 06B .3501          GENERAL

The starting point for preparing the North Carolina partnership income tax return shall be the total income or loss from lines 1 through 11 of Schedule K, Federal Form 1065.  The adjustments required for individuals under G.S. 105-153.5 and 105-153.6 shall apply to partnerships.

 

History Note:        Authority G.S. 105-154(b); 105-154(c); 105‑262;

Eff. February 1, 1976;

Amended Eff. June 1, 1990; December 1, 1986;

Readopted Eff. May 1, 2016.