1. U.S. Code
  2. title 26
  3. subtitle A
  4. chapter 1
  5. subchapter S
  6. part III
  7. § 1373

View all text of Part III [§ 1371 - § 1375]

§ 1373. Foreign income
(a) S corporation treated as partnership, etc.
For purposes of subparts A and F of part III, and part V, of subchapter N (relating to income from sources without the United States)—
(1) an S corporation shall be treated as a partnership, and
(2) the shareholders of such corporation shall be treated as partners of such partnership.
(b) Recapture of overall foreign loss
(Added Pub. L. 97–354, § 2, Oct. 19, 1982, 96 Stat. 1682.)

CITE AS: 26 USC 1373