partnership adjustment
Defined in 2 places of the United States Code.
The term "partnership adjustment" means any adjustment in the amount of any item of income, gain, loss, deduction, or credit of a partnership, or any partner's distributive share thereof.
Source
- 2017–201826 U.S.C. § 6241Internal Revenue Code · Partners return must be consistent with partnership return · for purposes of this subchapter
The term “partnership adjustment” means any adjustment in the amount of any partnership item of an electing large partnership.
Source
- 1997–present26 U.S.C. § 6242Internal Revenue Code · Procedures for taking partnership adjustments into account · for purposes of this section
The term “partnership adjustment” means any adjustment to a partnership-related item.
Source
- 2018–present26 U.S.C. § 6241Internal Revenue Code · Partners return must be consistent with partnership return · for purposes of this subchapter