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) Rental income for business property to state where property is located.
D) Capital gains from rental property to state where property is locateD.Rents are generally allocated to state where the property is located.
Correct Answer:
Verified
Correct Answer:
Verified
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