Nonbusiness income definition

Nonbusiness income means all income other than business income.
Nonbusiness income means all income other than business income and may include, but is not limited to, compensation, rents and royalties from real or tangible personal property, capital gains, interest, dividends and distributions, patent or copyright royalties, or lottery winnings, prizes, and awards.
Nonbusiness income means nonbusiness income as defined in section 14 and, to the extent not included in business income, all of the following:

Examples of Nonbusiness income in a sentence

  • Non-business income may include interest, dividends, money collected from lawsuits, and royalties.

  • Nonbusiness income shall be allocated to this state as provided in subsections (4) through (7) of this section.

  • Nonbusiness income tax liability on line 7a (see instructions for tax tables)...............................................8a.

  • Nonbusiness income tax liability on line 7a (see instructions for tax tables) 8a.

  • Nonbusiness income is allocated to specific jurisdictions pursuant to paragraphs (g)-(k) of IC 6-3-2-2.


More Definitions of Nonbusiness income

Nonbusiness income means all income that does not
Nonbusiness income means the same as that term is defined in Section 59-7-302.
Nonbusiness income means all income of a pass-through entity other than business income.
Nonbusiness income means all income other than business in- come and may include, but is not limited to, compensation, rents and royalties from real or tangible personal property, capital gains, interest, dividends, distributions, patent or copyright royal- ties, and lottery winnings, prizes and awards (R.C. 5747.01(C)). Nonbusiness income should be excluded from the figures report- ed on this schedule.
Nonbusiness income means income (or loss) subject to allocation to a specific state or states.
Nonbusiness income means nonbusiness income as defined
Nonbusiness income means all income other than business in- come and may include, but is not limited to, compensation, rents and royalties from real or tangible personal property, capital gains, interest, dividends, distributions, patent or copyright royalties, and lottery winnings, prizes and awards, R.C. section 5747.01(C). Show non-business income, if any, in Part I on page 1 of Ohio IT NRC.