California Legal Codes and Statutes

§ 24691

Added by Stats. 1988, Ch. 11, Sec. 78. Effective February 19, 1988. Applicable to income years beginning on or after January 1, 1987, by Sec. 95 of Ch. 78.

Section 465 of the Internal Revenue Code, relating to limitations of deductions to the amount at risk, shall apply.

Cite this section

Cal. Rev. & Tax. Code § 24691 (2026)
https://ca.codecond.com/codes/rtc/division-2-other-taxes/part-11-corporation-tax-law/chapter-13-accounting-periods-and-methods-of-accounting/article-4-year-of-deduction/section-24691

Other sections in Article 4 - Year of Deduction

§ 24681§ 24682§ 24685§ 24685.5§ 24688§ 24689§ 24690§ 24691§ 24692§ 24693§ 24694

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