Section 117.17. Partnership returns

(a) In general. Every partnership having any income derived from sources within this Commonwealth shall make a return for the taxable year setting forth all items of income, loss, and deduction. The return shall state specifically the items of partnership gross income and the deductions allowable and shall include the names and addresses of all the partners and the amount of the distributive shares of income, gain, loss, deduction, or credit allocated to each partner. The return shall be made for the taxable year of the partnership, irrespective of the taxable years of the partners.

(b) Partnerships with Commonwealth source income. Every partnership engaged in trade or business, or having income from sources, within this Commonwealth shall file a partnership return in accordance with this section, whether or not its principal place of business is outside of this Commonwealth, and whether or not all of its members are nonresident partners.

(c) Partnerships having no Commonwealth source income. If a Commonwealth resident is a partner in a partnership having no Commonwealth source income, he shall file a return with the Department. The return shall state specifically the items of partnership gross income and the deductions allowable therefrom and shall include the names and addresses of all resident partners and the amount of the distributive shares of income, gain, loss, deduction, or credit allocable to each such resident partner.

(d) Time for filing. A copy of the Federal partnership information return Form 1065 shall be filed on or before the 15th day of the fourth month following the close of each taxable year of the partnership.

Notation

Cross References

This section cited in 61 Pa. Code § 107.6 (relating to tax returns).