Current through Register Vol. 54, No. 19, May 11, 2024
Section 107.2 - Taxability of resident and nonresident partners and members(a) The share of a partner or member of the net income of a partnership or association shall be his share of the net income whether or not distributed.(b) A partner or member who is a resident of this Commonwealth shall report his entire share of the net income from the partnership or association regardless of where the income was earned.(c) A partner or member who is a nonresident of this Commonwealth shall report only income of the partnership or association from sources within this Commonwealth.