(1)In the case of a resident individual or partner of a partnership doing an insurance business as a member of the New York Insurance Exchange, as described in section 6201 of the Insurance Law, any item of income or gain of such business whic#
(1) In the case of a resident individual or partner of a partnership doing an insurance business as a member of the New York Insurance Exchange, as described in section 6201 of the Insurance Law, any item of income or gain of such business which is the individual's or partner's distributive or pro rata share for Federal income tax purposes or which the individual or partner is required to take into account separately for Federal Income tax purposes. (See section 617-a of the Tax Law.)
(2)With regard to the related modification increasing Federal adjusted gross income, see section 112.2(ab) of this Part.#
(2) With regard to the related modification increasing Federal adjusted gross income, see section 112.2(ab) of this Part.