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Indiana Administrative Code — Title 45 (Dept. of State Revenue)

45 IAC 3.1-1-56

Allocation of nonbusiness income

Official textiac.iga.in.govlast amended

Sec. 56. Allocation of Nonbusiness Income. Rents, royalties, capital gains, interest and dividends when considered nonbusiness income

are allocated to specific jurisdictions as outlined in Regulations 6-3-2-2(h) through 6-3-2-2(k) [45 IAC 3.1-1-57–45

IAC 3.1-1-61]. Such income and the deductions connected therewith are not taken into consideration in computing the taxpayer's

apportionment formula. When the taxpayer has deductions applicable to both business and nonbusiness income, such deductions must be prorated

to determine what part is subject to allocation.

(Department of State Revenue; Reg 6-3-2-2(g)(010); filed Oct 15, 1979, 11:15

am: 2 IR 1530; errata, 2 IR 1743)

Amendment history

(Department of State Revenue; Reg 6-3-2-2(g)(010); filed Oct 15, 1979, 11:15 am: 2 IR 1530; errata, 2 IR 1743)

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Nearby sections (25 sections)
  1. 3.1-1-44 · Valuation of owned property (Repealed)
  2. 3.1-1-45 · Valuation of rented property (Repealed)
  3. 3.1-1-46 · Methods of averaging property values (Repealed)
  4. 3.1-1-47 · Payroll factor for apportionment (Repealed)
  5. 3.1-1-48 · Denominator of payroll factor (Repealed)
  6. 3.1-1-49 · Numerator of payroll factor (Repealed)
  7. 3.1-1-50 · Sales factor for apportionment; sales defined
  8. 3.1-1-51 · Denominator of sales factor
  9. 3.1-1-52 · Numerator of sales factor
  10. 3.1-1-53 · In-state sales of tangible personal property
  11. 3.1-1-54 · Definition of sales to United States government
  12. 3.1-1-55 · Attribution of sales to state
  13. 3.1-1-56 · Allocation of nonbusiness income
  14. 3.1-1-57 · Rents and royalties from real property and tangible personal…
  15. 3.1-1-58 · Allocation of capital gains and losses
  16. 3.1-1-59 · Interest as nonbusiness income
  17. 3.1-1-60 · Dividends as business income
  18. 3.1-1-61 · Patent and copyright royalties as nonbusiness income
  19. 3.1-1-62 · Special cases of allocation and apportionment
  20. 3.1-1-63 · Apportionment in absence of one or more factors
  21. 3.1-1-64 · Definition of taxable in another state
  22. 3.1-1-65 · Exempt organizations and income; report
  23. 3.1-1-66 · Subchapter S corporations and shareholders
  24. 3.1-1-67 · Subchapter S corporation reports; taxation of shareholders
  25. 3.1-1-68 · Unrelated business income of exempt organizations
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