Partnership Return definition

Partnership Return with respect to each Incentive Period applicable to a Limited Partner, is determined by dividing: (a) the excess of the Limited Partner's allocable share of Net Profits calculated in accordance with Section 5.4 of this Agreement (including amounts previously allocated to repurchased or distributed portions of the Limited Partner's Capital Account during the Incentive Period), over the Limited Partner's allocable share of Net Losses calculated in accordance with Section 5.4 of this Agreement (including amounts previously allocated to repurchased or distributed portions of the Limited Partner's Capital Account during the Incentive Period) by (b) the Limited Partner's Capital Account balance as of the opening of business of the first day of that Incentive Period. The Partnership Return, for a given Incentive Period, will be adjusted with respect to any contributions, transfers, distributions, withdrawals and repurchases applicable to the Limited Partner's Capital Account for that Incentive Period, or portion thereof.
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Partnership Return means the United States Partnership Information Return of Income of the Partnership.
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Partnership Return means the Partnership’s United States federal income tax return.
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Examples of Partnership Return in a sentence

  • If applicant is a partnership, copies of the "US Partnership Return of Income" (IRS Form 1065) for the two (2) previous fiscal years.

  • Therefore there is no requirement to file Form 1065, USA Partnership Return of Income, any similar USA state or local income tax return, or any similar document with tax authorities in any country other than the USA.

  • Amounts received as “early retirement benefits” and amounts reported as pension on Schedule NJK-1, Partnership Return Form NJ-1065 are also taxable.

  • Did you file a New York City Partnership Return for the following years: ...................

  • The Managing Member will prepare a United States Partnership Return of Income, and appropriate state tax returns and will file such Returns within the time prescribed by law for such filing.


More Definitions of Partnership Return

Partnership Return means a return under section 12AA of TMA 1970;”
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Partnership Return means a return in pursuance of a notice under section 12AA(2) or (3) of TMA 1970;
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Partnership Return has the meaning set forth in Section 6.3(a)(i).
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Partnership Return shall have the meaning ascribed to such term in Section 4.1(c) of this Appendix D.
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Partnership Return means a return required to be filed by a partnership pursuant to IC 6-3-4-10. In the case of a partnership that is required to withhold tax or file a composite return pursuant to IC 6-3-4-12 or IC 6-5.5-2-8, the term also includes the returns or schedules required for tax withholding or composite filing.
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Partnership Return. The return of partnership income which the Partnership is required to file with respect to any taxable year pursuant to Section 6031 of the Code.
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Partnership Return means any U.S. Return of Partnership Income on IRS Form 1065, and all required accompanying schedules and statements, required to be prepared and filed by Enron on behalf of an entity controlled by Enron.
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