Does a partner in an investment club partnership report the gain or loss on Part I or Part III of PA-20S/PA-65 Information Return?

Jun 30, 2011
If the partnership invests for anyone outside of the partnership, the income is considered business income and should be reported in Part I. If investments are strictly for partners of the partnership, income (loss) would be reported in Part III.
Pennsylvania CPA Journal

Read the latest from the Pennsylvania CPA Journal online or via the mobile app and digital edition.

Read More


Get the latest info on professional trends, management, and leadership skills on CPA Now.

Read More

PICPA 2020 Premier Sponsors

Platinum Sponsor

Gallagher Bollinger Logo

Gold Sponsor

Paychex logo

Bronze Sponsor

Capstan Logo 

Interested in becoming a sponsor? Contact Kelli Comegys for packages and opportunities.