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.

Question

Quizplus · Accepted Answer

Rental income for investment property is typically allocated to the state where the property is located, not to the state of commercial domicile.

Which of the Following Is Not a General Rule for Allocating