{"code":"RTC","codeName":"Revenue and Taxation Code","section":"24691","citation":"Rev. & Tax. Code, § 24691","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 2. OTHER TAXES [6001. - 61050.]","url":"https://blackletter.si/revenue-and-taxation-code/division-2"},{"name":"PART 11. CORPORATION TAX LAW [23001. - 25141.]","url":"https://blackletter.si/revenue-and-taxation-code/division-2/part-11"},{"name":"CHAPTER 13. Accounting Periods and Methods of Accounting [24631. - 24726.]","url":"https://blackletter.si/revenue-and-taxation-code/division-2/part-11/chapter-13"},{"name":"ARTICLE 4. Year of Deduction [24681. - 24694.]","url":"https://blackletter.si/revenue-and-taxation-code/division-2/part-11/chapter-13/article-4"}],"history":"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.","effective":"1988-02-19","html":"<p>Section 465 of the Internal Revenue Code, relating to limitations of deductions to the amount at risk, shall apply.</p>","text":"Section 465 of the Internal Revenue Code, relating to limitations of deductions to the amount at risk, shall apply.","otherVersions":[],"url":"https://blackletter.si/revenue-and-taxation-code/year-of-deduction-24691","source":"California Legislative Information bulk export (pubinfo)"}