South Carolina Code 12-6-570. Computation of nonresident individual, trust, estate, and beneficiary’s gross, adjusted gross, and taxable income
Current as of: 2023 | Check for updates
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Terms Used In South Carolina Code 12-6-570
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
- individual: means a human being. See South Carolina Code 12-2-20
- Nonresident estate: means an estate other than a resident estate. See South Carolina Code 12-6-30
- Nonresident trust: is a trust other than a resident trust. See South Carolina Code 12-6-30
A nonresident individual, nonresident trust, nonresident estate, and nonresident beneficiary‘s South Carolina gross income, adjusted gross income, and taxable income is computed as provided in § 12-6-1720.