R15-2G-101. Partnerships

A. For purposes of this Section: 1. “Distributive share of the partnership” means a partner’s share, as determined under the partnership agreement, of the items enumerated in A.R.S. § 43-1412. 2. “Arizona distributive share of the partnership” means the amount computed in subsection (A)(1), subject to the allocation and apportionment provisions of A.R.S. §§ 43- 1131 through 43-1148. B. A partnership is not subject to income tax but shall file a return of income for information purposes. C. In computing taxable income: 1. A resident partner shall include the resident partner’s distributive share of the partnership. 2. A nonresident partner shall include the nonresident partner’s Arizona distributive share of the partnership.