§ 58.1-362. Virginia taxable income of a nonresident estate or trust
The Virginia taxable income of a nonresident estate or trust shall be its share of income, gain, loss and deduction attributable to Virginia sources as determined under § 58.1-363 increased or reduced, as the case may be, by:
1. The amount derived from or connected with Virginia sources of any income, gain, loss and deduction recognized for federal income tax purposes but excluded from the computation of distributable net income of the estate or trust; and
2. The net amount of any modifications as provided for in § 58.1-322 (not including subsection D thereof) with respect to the income or gain referred to in subdivision 1 of this section.
(Code 1950, § 58-151.024; 1971, Ex. Sess., c. 171; 1972, c. 827; 1984, c. 675.)
Sections: Previous 58.1-351 58.1-352 58.1-353 58.1-354 58.1-355 58.1-360 58.1-361 58.1-362 58.1-363 58.1-370 58.1-371 58.1-380 58.1-381 58.1-382 58.1-383 NextLast modified: April 16, 2009