Utah Code § 59-7-308 — Allocation of capital gains and losses

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.