Utah § 59-7-308 - Allocation of capital gains and losses.
Full text of Utah Utah Code § 59-7-308 — Allocation of capital gains and losses., with citation guidance and answers to common questions.
§ 59-7-308. Allocation of capital gains and losses.
To the extent that the following constitute nonbusiness income:
| (1) | capital gains and losses from sales of real property located in this state are allocable to this state; |
| (3) | capital gains and losses from sales of intangible personal property are allocable to this state if the taxpayer's commercial domicile is in this state. |
Amended by Chapter 83, 1994 General Session
Source: official Utah text · Last verified 2026-08-27
Frequently Asked Questions About Utah § 59-7-308
What does Utah Code § 59-7-308 cover?
Section 59-7-308 ("Allocation of capital gains and losses.") is part of the Utah Code, the codified statutory law of Utah. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Utah § 59-7-308?
A common citation format is "Utah Code § 59-7-308" (Utah). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Utah law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Utah official source linked on this page or consult a licensed Utah attorney.
How does Utah § 59-7-308 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Utah can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Utah.