Conn. Agencies Regs. § 12-713(a)-4 - Items derived from or connected with Connecticut sources of a nonresident trust or estate
(a) The source of
items of income, gain, loss and deduction of a nonresident trust or estate is
determined in accordance with the applicable regulations of Part II as in the
case of a nonresident individual. Thus, an item of income, gain, loss or
deduction, including any item comprising income in respect of a decedent, is
considered derived from or connected with Connecticut sources when the item is
attributable to (1) the ownership by the trust or estate of any interest in
real or tangible personal property in Connecticut; (2) a business, trade,
profession or occupation carried on in Connecticut by the trust or estate; or
(3) the ownership of shares in an S corporation by the trust or estate, to the
extent determined under §
12-712(a)(2)-1
of Part VII.
(b) While this section
pertains to Section
12-713(a)
of the general statutes, for purposes of supplementary interpretation, as the
phrase is used in Section
12-2
of the general statutes, the adoption of this section is authorized by Section
12-701(c)
of the general statutes.
Notes
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