Conn. Agencies Regs. § 12-740-6 - Connecticut income tax returns for short taxable periods
(a)
Resident and nonresident
individuals.
(1) In determining whether
a resident individual who has a short taxable year due to a change in
accounting period (as explained in Part XIII) is required to file a Connecticut
income tax return for such short taxable period, §
12-740-1(a)(1)
of this Part applies, except that the reference to federal gross income and any
applicable modifications under §
12-701(a)(20)-2
of Part I shall be limited to federal gross income and such modifications,
respectively, for the short taxable period, and the Connecticut personal
exemption shall be prorated as provided in subdivision (3) of this
subsection.
(2) In determining
whether a nonresident individual who has a short taxable year due to a change
in accounting period (as explained in Part XIII) is required to file a
Connecticut income tax return for such short taxable period, §
12-740-1(a)(3)
of this Part applies, except that the reference to federal gross income, any
applicable modifications under §
12-701(a)(20)-2
of Part I, and income derived from or connected with Connecticut sources shall
be limited to federal gross income, such modifications and such income,
respectively, for the short taxable period, and the Connecticut personal
exemption shall be prorated as provided in subdivision (3) of this subsection.
However, notwithstanding the preceding sentence, a Connecticut nonresident
income tax return shall be filed for a short taxable period where a nonresident
individual incurs a net operating loss for Connecticut income tax purposes but
does not incur such a loss for federal income tax purposes.
(3) Where a resident or nonresident
individual has a short taxable period, such individual's Connecticut personal
exemption shall be prorated to the same extent that the number of months in
such short taxable period bears to twelve months.
(b)
Resident trusts or estates.
The fiduciary of a resident trust or estate shall file a Connecticut fiduciary
income tax return for a short taxable period if the trust or estate either had
a federal fiduciary income tax return filed for it or had any Connecticut
income for such period.
(c)
Nonresident trusts or estates. The fiduciary of a nonresident
trust or estate shall file a Connecticut fiduciary income tax return for a
short taxable period if the trust or estate has items of income or gain derived
from or connected with sources within Connecticut (as defined in §
12-713(a)-1
of Part IV) for such period. However, notwithstanding the provisions of the
preceding sentence, a Connecticut fiduciary income tax return shall be filed
for a short taxable period where a nonresident trust or estate incurs a net
operating loss for Connecticut income tax purposes but does not incur a net
operating loss for federal income tax purposes.
Notes
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