71.21 Computation.
342 words·~2 min read·
/wi/chapter-71/71-21-4A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
71.21 Computation.
(1)The net income of a partnership shall be computed in the same manner and on the same basis as provided for computation of the income of persons other than corporations.
(2)The standard deduction shall not be allowed in computing the taxable income of a partnership.
(a)The amount of the credits computed by a partnership under all of the following and passed through to partners shall be added to the partnership’s income:
1. Section 71.07
(2dm).
Effective date note NOTE: Subd. 1. is repealed eff. 1-1-43 by 2025 Wis. Act 118 , section 219 .
2. Section 71.07
(2dx).
Effective date note NOTE: Subd. 2. is repealed eff. 1-1-43 by 2025 Wis. Act 118 , section 220 .
3. Section 71.07
(2dy).
Effective date note NOTE: Subd. 3. is repealed eff. 1-1-37 by 2025 Wis. Act 118 , section 221 .
4. Section 71.07
(3g).
Effective date note NOTE: Subd. 4. is repealed eff. 1-1-41 by 2025 Wis. Act 118 , section 222 .
5. Section 71.07
(3h).
Effective date note NOTE: Subd. 5. is repealed eff. 1-1-35 by 2025 Wis. Act 118 , section 223 .
6. Section 71.07
(3n).
Effective date note NOTE: Subd. 6. is repealed eff. 1-1-35 by 2025 Wis. Act 118 , section 224 .
7. Section 71.07
(3q).
Effective date note NOTE: Subd. 7. is repealed eff. 1-1-30 by 2025 Wis. Act 118 , section 225 .
8. Section 71.07
(3s).
Effective date note NOTE: Subd. 8. is repealed eff. 1-1-32 by 2025 Wis. Act 118 , section 226 .
9. Section 71.07
(3t).
Effective date note NOTE: Subd. 9. is repealed eff. 1-1-29 by 2025 Wis. Act 118 , section 227 .
10. Section 71.07
(3w).
11. Section 71.07
(3wm).
12. Section 71.07
(3y).
13. Section 71.07
(4k).
14. Section 71.07
(4n).
Effective date note NOTE: Subd. 14. is repealed eff. 1-1-35 by 2025 Wis. Act 118 , section 228 .
15. Section 71.07
(5f).