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

45 IAC 3.1-1-58

Allocation of capital gains and losses

Official textiac.iga.in.govlast amended

Sec. 58. Capital Gains and Losses. Capital gains and losses from the sale of real property formerly used to produce nonbusiness income

are allocated to the state where the property is located. Capital gains and losses from the sale of nonbusiness tangible personal property are allocated

to Indiana if the property had a situs in the state when sold, or if the taxpayer's commercial domicile is in Indiana and it is not taxable in the state

in which the property had a situs. Capital gains and losses from sales of nonbusiness intangible property are allocated to Indiana if the taxpayer's

commercial domicile is in this state.

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

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Nearby sections (25 sections)
  1. 3.1-1-46 · Methods of averaging property values (Repealed)
  2. 3.1-1-47 · Payroll factor for apportionment (Repealed)
  3. 3.1-1-48 · Denominator of payroll factor (Repealed)
  4. 3.1-1-49 · Numerator of payroll factor (Repealed)
  5. 3.1-1-50 · Sales factor for apportionment; sales defined
  6. 3.1-1-51 · Denominator of sales factor
  7. 3.1-1-52 · Numerator of sales factor
  8. 3.1-1-53 · In-state sales of tangible personal property
  9. 3.1-1-54 · Definition of sales to United States government
  10. 3.1-1-55 · Attribution of sales to state
  11. 3.1-1-56 · Allocation of nonbusiness income
  12. 3.1-1-57 · Rents and royalties from real property and tangible personal…
  13. 3.1-1-58 · Allocation of capital gains and losses
  14. 3.1-1-59 · Interest as nonbusiness income
  15. 3.1-1-60 · Dividends as business income
  16. 3.1-1-61 · Patent and copyright royalties as nonbusiness income
  17. 3.1-1-62 · Special cases of allocation and apportionment
  18. 3.1-1-63 · Apportionment in absence of one or more factors
  19. 3.1-1-64 · Definition of taxable in another state
  20. 3.1-1-65 · Exempt organizations and income; report
  21. 3.1-1-66 · Subchapter S corporations and shareholders
  22. 3.1-1-67 · Subchapter S corporation reports; taxation of shareholders
  23. 3.1-1-68 · Unrelated business income of exempt organizations
  24. 3.1-1-69 · Federal civil service annuity income
  25. 3.1-1-70 · Military pay
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