Question

For franchise tax purposes, apportionment of NY receipts is based on a three-factor formula looking at the payroll, business receipts and real property of the foreign corporation.
True or False

Answer 1

True

Nonresident partners use three-factor apportionment, the receipts factor sources all receipts to the location of the partnership’s sole office in New York, and the property and payroll factors are also both 100% New York.

So, this is true in cases of Non-resident partners.

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