Iowa Admin. Code r. 701-302.14 - Contract Sales

Rule 701-302.14 - Contract Sales
Rule 701-302.13 - Subchapter “s” IncomeRule 701-302.15 - Reporting of Incomes by Married Taxpayers Who File a Joint Federal Return but Elect to File Separately for Iowa Income Tax Purposes

701—302.14(422) Contract sales. Interest derived as income from a land contract is intangible personal property and is assignable to the recipient's domicile. Gains received from the sale or assignment of land contracts are considered to be gains from real property in this state and are assignable to this state. As to nonresidents, see 701—302.16(422).

This rule is intended to implement Iowa Code sections 422.7 and 422.8 .

Editorialchange:IACSupplement11/2/22;Editorialchange:IACSupplement10/18/23Editorial change: IAC Supplement 11/2/22; Editorial change: IAC Supplement 10/18/23
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