California – Proposed amendments to market sourcing rules

myStateTaxOffice
On October 18, 2013, the Franchise Tax Board held an Interested Parties Meeting to discuss potential amendments to its regulation regarding market sourcing, including clarifying the definition and market sourcing rules for ‘marketable securities;’ determining the sourcing for sales of interests in start-up corporations and pass-through entities; providing additional examples for asset management companies; and including market sourcing rules for dividends, interest, and goodwill.


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