30378

(a) In the case of partnerships or limited liability companies not engaged in trade or business in Puerto Rico subject to taxation as a partnership under the United States Internal Revenue Code of 1986, Title 26 of the United States Code, as amended, or similar provision of a foreign country, the partner or member shall report in Puerto Rico the income as reported by said partnership or limited liability company for purposes of federal or foreign country income taxes. History —Jan. 31, 2011, No. 1, added as § 1076.03 on Dec. 10, 2011, No. 232, § 94.