Kansas § 79-3276 Same; capital gains and losses from sales of property

Kansas Statutes

§ 79-3276 — Same; capital gains and losses from sales of property

Kansas § 79-3276

Ch. 79TAXATION

Art. 32INCOME TAX

This text of Kansas § 79-3276 (Same; capital gains and losses from sales of property) is published on Counsel Stack Legal Research, covering Kansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Kan. Stat. Ann. § 79-3276 (2026).

Text

(a)Capital gains and losses from sales of real property located in this state are allocable to this state.

(b)Capital gains and losses from sales of tangible personal property are allocable to this state if

(1)the property had a situs in this state at the time of the sale, or

(2)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.

(c)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.

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(a) Capital gains and losses from sales of real property located in this state are allocable to this state.
(b) Capital gains and losses from sales of tangible personal property are allocable to this state if
(1) the property had a situs in this state at the time of the sale, or
(2) 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.
(c) 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.