{"code":"RTC","codeName":"Revenue and Taxation Code","section":"24902","citation":"Rev. & Tax. Code, § 24902","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 15. Gain or Loss on Disposition of Property [24901. - 24998.]","url":"https://blackletter.si/revenue-and-taxation-code/division-2/part-11/chapter-15"},{"name":"ARTICLE 1. Computation of Gain or Loss [24901. - 24905.5.]","url":"https://blackletter.si/revenue-and-taxation-code/division-2/part-11/chapter-15/article-1"}],"history":"Added by Stats. 1955, Ch. 938.","effective":null,"html":"<p>Except as otherwise provided in this part, on the sale or exchange of property the entire amount of the gain or loss, determined under Section <a href=\"/rtc/24901\">24901</a>, shall be recognized.</p>","text":"Except as otherwise provided in this part, on the sale or exchange of property the entire amount of the gain or loss, determined under Section 24901, shall be recognized.","otherVersions":[],"url":"https://blackletter.si/revenue-and-taxation-code/computation-of-gain-or-loss-24902","source":"California Legislative Information bulk export (pubinfo)"}