rbynaker
Level 13
03-02-2020
05:44 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Not an area I specialize in, but quick research looks promising:
See Subtraction "H":
https://law.lis.virginia.gov/admincode/title23/agency10/chapter120/section102/
H. Foreign source income. If federal taxable income includes any amount that is "foreign source income," as that term is defined in § 58.1-302 of the Code of Virginia, and the provisions thereunder, such amount may be subtracted.
Which reference 58.1-302:
https://law.lis.virginia.gov/vacode/58.1-302/
"Foreign source income" means:
4. Gains, profits, or other income from the sale of intangible or real property located without the United States;
Rick