Nev. Admin. Code § 361.958 — 361.958

NAC 361.958    Recommended consultation with tax professional concerning income
tax liability and deductions relating to Account. ( NRS 361.920 )    The State Treasurer
recommends that an allodial titleholder consult with a tax professional
concerning:
1.  The income tax liability of the
titleholder with regard to the income and interest earned on the money in the
Allodial Title Trust Account attributable to the money paid into the Allodial
Title Trust Account by the titleholder; and
2.  Whether and to what extent the property
taxes paid by the State Treasurer from the Allodial Title Trust Account with
respect to the property of the titleholder are deductible by the titleholder.
(Added to NAC by St. Treasurer by R088-01, eff. 10-22-2001)