DavidS127
Expert Alumni

State tax filing

The Iowa rule is that nonresidents report sales of real or tangible personal property if the property was located in Iowa at the time of the sale, and intangible personal property if the taxpayer's commercial domicile is in Iowa.

 

Your stock in a company is intangible personal property, so you do not report the capital gain in Iowa, because you are not domiciled there.

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