South Carolina Code 12-6-610. Computation of gross and taxable income of resident estate or trust
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Terms Used In South Carolina Code 12-6-610
- Resident estate: means the estate of a decedent who was domiciled in this State at death. See South Carolina Code 12-6-30
- Resident trust: means a trust administered in this State. See South Carolina Code 12-6-30
A resident estate or resident trust‘s South Carolina gross income and taxable income is computed as determined under the provisions of the Internal Revenue Code, including the provisions of Internal Revenue Code Section 584 (Common Trust Funds), with the modifications provided in Article 9 of this chapter and subject to allocation and apportionment as provided in Article 17 of this chapter.