qualified partnership
Defined in 1 place of the United States Code.
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)).
Source
- 1994–present26 U.S.C. § 447Internal Revenue Code · Method of accounting for corporations engaged in farming · in this section