New York Codes Rules Regulations (Last Updated: March 27,2024) |
TITLE 20. Department of Taxation and Finance |
Chapter II. Income Taxes and Estate Taxes |
Subchapter A. New York State Personal Income Tax Under Article 22 of the Tax Law |
Article 3. Nonresidents |
Part 139. Share of a Nonresident Estate, Trust or Beneficiary in Income from New York State Sources |
Sec. 139.2. Distributable net income from New York State sources
Latest version.
- Tax Law, § 639(a)(1)A nonresident estate or trust must determine those items of income, gain, loss and deduction, entering into the definition of Federal distributable net income, which are derived from or connected with New York State sources under the applicable rules set forth in Part 132 of this Article.