How do we usually distinguish between business and nonbusiness income? How are the two treated?

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State And Local Taxation Principles And Practices

ISBN: 9781604270952

3rd Edition

Authors: Sanjay Gupta, John Karayan, Joseph Neff, Charles Swenson

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Question Posted: May 15, 2024 02:00 AM

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How do we usually distinguish between business and nonbusiness income? How are the two treated?

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In general the distinction between business and nonbusiness income lies in the source from which it is generated and the activities involved in its ge...View the full answer

State And Local Taxation Principles And Practices

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