Public-domain · open source
OpenJurist

qualified partnership

Defined in 1 dictionary — U.S. Code

United States Code

26 U.S.C. § 447 — in this section

The term “qualified partnership” means a partnership which is engaged in a qualified farming trade or business and each of the partners of which is a corporation other than—

(i) an S corporation, or

(ii) a personal holding company (within the meaning of section 542(a)).