IR3NR Question 15 New Zealand partnership income

If you received any partnership income between 1 April 2018 and 31 March 2019, show it at Question 15.

What to show in your return

Print your share of the partnership’s tax credits in Box 15A. Print your share of the partnership’s income in Box 15B.

If your partnership income includes:

interest and any tax credits, show it at Question 9
dividends and any credits, show it at Question 10
royalties and any tax credits, show it at Question 11.

Expenses

You may be able to claim expenses against your share of the partnership income not claimed in the Partnership’s income tax return (IR7), for example, interest on capital borrowed to purchase a share in a partnership. Claim these expenses at Question 23.

Losses from limited partnerships

If you’re claiming a loss from a limited partnership and you need help working out the amount you can claim, please go to www.ird.govt.nz