Section 58.1-325 - Virginia taxable income of nonresident individuals, partners, beneficiaries and certain shareholdersA. The Virginia taxable income of a nonresident individual, partner or beneficiary shall be an amount bearing the same proportion to his Virginia taxable income, computed as though he were a resident, as the net amount of his income, gain, loss and deductions from Virginia sources bears to the net amount of his income, gain, loss and deductions from all sources.B. For a nonresident individual who is a shareholder in an electing small business corporation (S corporation), there shall be included in his Virginia taxable income his share of the taxable income of such corporation, and his share of any net operating loss of such corporation shall be deductible from his Virginia taxable income.Code 1950, § 58-151.013; 1971, Ex. Sess., c. 171; 1972, c. 827; 1973, cc. 198, 345, 458; 1974, c. 682; 1975, c. 46; 1976, cc. 528, 694, 781; 1977, cc. 297, 612; 1978, cc. 67, 158; 1979, cc. 226, 596; 1981, cc. 402, 414; 1982, c. 633; 1983, cc. 452, 472; 1984, cc. 153, 162, 636, 674, 675, 729.Amended by Acts 1984, § cc. 153, 162, 636, 674, 675, 729.Amended by Acts 1983, § cc. 452, 472.Amended by Acts 1982, c. 633.Amended by Acts 1981, § cc. 402, 414.Amended by Acts 1979, § cc. 226, 596.Amended by Acts 1978, § cc. 67, 158.Amended by Acts 1977, § cc. 297, 612.Amended by Acts 1976, § cc. 528, 694, 781.Amended by Acts 1975, c. 46.Amended by Acts 1974, c. 682.Amended by Acts 1973, § cc. 198, 345, 458.Amended by Acts 1972, c. 827.Amended by Acts 1971, § Ex. Sess., c. 171.