Business, Legal & Accounting Glossary
List of Foreign Partner Interests in Partnerships. This form is used with foreign corporations that are directly or indirectly engaged in trade or business within the U.S. and have directly-owned partnership interests that have ECI included in their distributive share of income that is reported to the corporation on Schedule K-1. The form is used for identifying and reconciling the foreign corporation’s directly held partnership interests with the distributive shares of partnership effectively connected income (ECI) and the foreign corporation’s effectively connected outside tax basis in each interest.
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Definitions for 1120-F Form Schedule P are sourced/syndicated and enhanced from:
This glossary post was last updated: 13th November, 2021 | 0 Views.