To the extent that the following constitute nonbusiness income: (1) capital gains and losses from sales of real property located in this state are allocable to this state; (2) capital gains and losses from sales of tangible personal property are allocable to this state if: (a) the property had a situs in this state at the time of the sale; or (b) the taxpayer's commercial domicile is in this state and the taxpayer is not taxable in the state in which the property had a situs; and (3) capital gains and losses from sales of intangible personal property are allocable to this state if the taxpayer's commercial domicile is in this state.
‹ Prev All Utah sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.