DRS: 12-711(b)-02, Income and deductions from Connecticut sources--general

DRS has reproduced this regulation. This is an unofficial copy. Official copies of regulations ONLY are available from the Commission on Official Legal Publications, 111 Phoenix Avenue, Enfield, CT 06082,  colp@jud.state.ct.us. Copies of DRS forms and publications are available at http://www.ct.gov/drs.

Connecticut Regulation, Reg. Sec. 12-711(b)-2. Income and deductions from Connecticut sources-general.

(a) A nonresident individual’s items of income, gain, loss and deduction derived from or connected with Connecticut sources are the items attributable to:

(1) the ownership and disposition of any interest in real or tangible personal property in Connecticut (see §12-711(b)-3 of this Part);

(2) a business, trade, profession or occupation carried on in Connecticut (see §12-711(b)-4 and §12-711(b)-5 of this Part); or

(3) in the case of a shareholder of an S corporation carrying on or having the right to carry on business in Connecticut, the ownership of shares in such corporation, to the extent determined under §12-712(a)(2)-1 of Part VII.

(b) While this section pertains to Section 12-711(b) 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.

(Effective 11/18/1994)