Utah Statutes
§ 59-10-1404 — Character of an item of income, gain, loss, deduction, or credit.
Utah·Title 59 Revenue and Taxation·Ch. 59-10 Individual Income Tax Act·Part 59-10-14 Pass-Through Entities and Pass-Through Entity Taxpayers Act
Regardless of whether or how an item of income, gain, loss, deduction, or credit is characterized for federal income tax purposes, that item of income, gain, loss, deduction, or credit is from the same source and incurred in the same manner for a pass-through entity taxpayer as if the item of income, gain, loss, deduction, or credit is:
(1)realized directly from the source from which the item of income, gain, loss, deduction, or credit is realized by the pass-through entity; or
(2)incurred in the same manner as incurred by the pass-through entity.
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Utah § 59-10-1404 (Character of an item of income, gain, loss, deduction, or credit.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Chapter 312, 2009 General Session
Nearby Sections
15
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Definitions.