26 USC 6031 - Return of partnership income

U.S Code last checked for updates: Apr 30, 2026

§ 6031.

Return of partnership income

(a)

General rule

(b)

Copies to partners

Each partnership required to file a return under subsection (a) for any partnership taxable year shall (on or before the day on which the return for such taxable year was required to be filed) furnish to each person who is a partner or who holds an interest in such partnership as a nominee for another person at any time during such taxable year a copy of such information required to be shown on such return as may be required by regulations. Information required to be furnished by the partnership under this subsection may not be amended after the due date of the return under subsection (a) to which such information relates, except—

(1)

in the case of a partnership which has elected the application of section 6221(b) for the taxable year,

(2)

as provided in the procedures under section 6225(c),

(3)

with respect to statements under section 6226, or

(4)

as otherwise provided by the Secretary.

(c)

Nominee reporting

Any person who holds an interest in a partnership as a nominee for another person—

(1)

shall furnish to the partnership, in the manner prescribed by the Secretary, the name and address of such other person, and any other information for such taxable year as the Secretary may by form and regulation prescribe, and

(2)

shall furnish in the manner prescribed by the Secretary such other person the information provided by such partnership under subsection (b).

(d)

Separate statement of items of unrelated business taxable income

(e)

Foreign partnerships

(1)

Exception for foreign partnership

(2)

Certain foreign partnerships required to file return

Except as provided in regulations prescribed by the Secretary, this section shall apply to a foreign partnership for any taxable year if for such year, such partnership has—

(A)

gross income derived from sources within the United States, or

(B)

gross income which is effectively connected with the conduct of a trade or business within the United States.

The Secretary may provide simplified filing procedures for foreign partnerships to which this section applies.

(f)

Electing investment partnerships

(Aug. 16, 1954, ch. 736, 68A Stat. 741; Pub. L. 94–455, title XIX, § 1906(b)(13)(A), Oct. 4, 1976, 90 Stat. 1834; Pub. L. 97–248, title IV, § 403, Sept. 3, 1982, 96 Stat. 669; Pub. L. 99–514, title XV, § 1501(c)(16), title XVIII, § 1811(b)(1)(A),

cite as: 26 USC 6031