N.C. Gen. Stat. § 105-131.5
Part-year resident shareholder
Redline — June 1, 2021 → current.View current text →
Current — April 1, 2022
As of June 1, 2021
If a shareholder of an S Corporation is both a resident and nonresident of this State during any taxable period, the shareholder's pro rata share of the S Corporation's income attributable to the State and income not attributable to the State for the taxable period shall be further prorated between the shareholder's periods of residence and nonresidence, in accordance with the number of days in each period, as provided in G.S. 105-153.4.
If a shareholder of an S Corporation is both a resident and nonresident of this State during any taxable period, the shareholder’s pro rata share of the S Corporation’s income attributable to the State and income not attributable to the State for the taxable period shall be further prorated between the shareholder’s periods of residence and nonresidence, in accordance with the number of days in each period, as provided in G.S. 105-153.4.
History
Official source: North Carolina General Assembly. Reproduced from public-domain North Carolina statutes; confirm against the official source for the current text. Not legal advice.