43-1412
43-1412. Partner's distributive share In computing taxable income of each partner, he shall include, whether or not 1. Gains and losses from sales or exchanges of capital assets computed pursuant to 2. Gains and losses from sales or exchanges of property described in section 1231 3. Dividends with respect to which there is provided an exclusion under section 116 4. Income taxes imposed by and paid to another state or country. 5. Additional first year depreciation computed pursuant to section 179 of the 6. Recoveries of bad debts, prior taxes and delinquency amounts pursuant to section 7. Gains and losses from wagering transactions pursuant to section 165(d) of the 8. Soil and water conservation expenditures pursuant to section 175 of the internal 9. Nonbusiness expenses as described in section 212 of the internal revenue code. 10. Expenses for care of certain dependents pursuant to section 214 of the internal 11. Payments pursuant to section 215 of the internal revenue code. 12. Amounts representing taxes and interest paid to cooperative housing corporations 13. Intangible drilling and development costs pursuant to section 263(c) of the 14. Certain mining exploration expenditures pursuant to section 617 of the internal 15. Income, gain or loss to the partnership under section 751(b) of the internal 16. Any items of income, gain, loss or deduction subject to a special allocation 17. Arizona taxable income. |