26 USC 1373 - Foreign income

U.S Code last checked for updates: Jan 19, 2025

§ 1373.

Foreign income

(a)

S corporation treated as partnership, etc.

For purposes of subparts A and F of part III, and part V, of subchapter N (relating to income from sources without the United States)—

(1)

an S corporation shall be treated as a partnership, and

(2)

the shareholders of such corporation shall be treated as partners of such partnership.

(b)

Recapture of overall foreign loss

(Added Pub. L. 97–354, § 2, Oct. 19, 1982, 96 Stat. 1682.)

cite as: 26 USC 1373