nd.gov - The Official Portal for North Dakota State Government
North Dakota: Legendary. Follow the trail of legends
 

FAQ Articles

I am a nonresident of North Dakota. I was a partner in a partnership that carried on part of its business in North Dakota. I sold my interest in the partnership. Is the gain on the sale of my partnership interest taxable in North Dakota?

No. A partnership interest is an intangible asset and, in the case of a nonresident individual, North Dakota income tax law excludes a gain from the sale of an intangible asset from North Dakota income tax. Similarly, if you had sold your partnership interest at a loss, the loss would not be deductible for North Dakota income tax purposes.

nd.gov - The Official Portal for North Dakota State Government
North Dakota: Legendary. Follow the trail of legends

Ryan Rauschenberger
Tax Commissioner
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FAQ Articles

I am a nonresident of North Dakota. I was a partner in a partnership that carried on part of its business in North Dakota. I sold my interest in the partnership. Is the gain on the sale of my partnership interest taxable in North Dakota?

No. A partnership interest is an intangible asset and, in the case of a nonresident individual, North Dakota income tax law excludes a gain from the sale of an intangible asset from North Dakota income tax. Similarly, if you had sold your partnership interest at a loss, the loss would not be deductible for North Dakota income tax purposes.

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