California Legal Codes and Statutes

§ 24905

Amended by Stats. 1993, Ch. 877, Sec. 79. Effective October 6, 1993.
(a)Section 988 of the Internal Revenue Code, relating to treatment of certain foreign currency transactions, shall apply, except as otherwise provided.
(b)Section 988(a)(3) of the Internal Revenue Code, relating to source, shall not apply.

Cite this section

Cal. Rev. & Tax. Code § 24905 (2026)
https://ca.codecond.com/codes/rtc/division-2-other-taxes/part-11-corporation-tax-law/chapter-15-gain-or-loss-on-disposition-of-property/article-1-computation-of-gain-or-loss/section-24905

Other sections in Article 1 - Computation of Gain or Loss

§ 24901§ 24902§ 24905§ 24905.5

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