Tax Type
Individual Income Tax
Description
Foreign source income
Topic
Taxable Income
Date Issued
05-22-1989
May 22, 1989
Re: Request for Ruling/Individual Income Tax
Dear*********************
This will reply to your letter dated April 5, 1989 in which you request a ruling on the applicability of the Virginia individual income tax to foreign source income from Canada.
I have enclosed a copy of a recent ruling letter dated May 11, 1989 addressing this issue.
Only the amounts specifically listed in the statute defining "foreign source income" for Virginia purposes may be subtracted from federal adjusted gross income. Thus, I must conclude that pension, annuity, and social security income received from a foreign source are properly included in Virginia taxable income and would not qualify for the subtraction as foreign source income.
Sincerely,
W. H,. Forst
Tax Commissioner
Related Documents
Rulings of the Tax Commissioner