61 Pa. Code § 121.11. Partnership or similar enterprise.

§ 121.11. Partnership or similar enterprise.

(a)  If a person is a member of a partnership, joint venture or similar enterprise, the person shall report his share of taxable income whether he received it or not.
(b)  A taxpayer should enter his share of net profits on line two.

Authority

   The provisions of this §  121.11 amended under section 354 of the Tax Reform Code of 1971 (72 P. S. §  7354).

Source

   The provisions of this §  121.11 amended December 10, 1999, effective December 11, 1999, 29 Pa.B. 6249. Immediately preceding text appears at serial page (205427).

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