California Revenue and Taxation Code

§ 17854

RTC § 17854 Effective Jan 1, 2002Div. 2 · Part 10 · Ch. 10

Statute text

For purposes of computing “taxable income of a nonresident or part-year resident” under paragraph (1) of subdivision (i) of Section 17041, in the case of a nonresident partner, guaranteed payments, as defined by Section 707(c) of the Internal Revenue Code, shall be included in that computation as gross income from sources within this state in the same manner as if those payments were a distributive share of that partnership.

Legislative history

Amended by Stats. 2001, Ch. 920, Sec. 18. Effective January 1, 2002.