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 is directly allo- cable to specific states pursuant to the provi- sions of section 32.200 (Article IV.4.–8.), RSMo. Business income is apportioned among the states in which the business is con- ducted pursuant to the property, payroll and sales apportionment factors set forth in this rule.

• Nonbusiness income of a multistate partnership is nonapportionable and specifically allocable to a particular state.

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

• 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.

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 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.

Nonbusiness income means all income other than business income and may include, but is not limited to,