Multiple Choice
Which of the following is not a general rule for allocating nonbusiness income?
A) Interest and dividends to the state of commercial domicile.
B) Rental income for investment property to state of commercial domicile.
C) Capital gains from rental property to state where property is located.
D) Rental income for business property to state where property is located.
Correct Answer:
Verified
Correct Answer:
Verified
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