{"code":"RTC","codeName":"Revenue and Taxation Code","section":"24913","citation":"Rev. & Tax. Code, § 24913","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 2. Basis for Computation of Gain or Loss [24911. - 24919.]","url":"https://blackletter.si/revenue-and-taxation-code/division-2/part-11/chapter-15/article-2"}],"history":"Added by Stats. 1955, Ch. 938.","effective":null,"html":"<p>If the property should have been included in the last inventory, the basis shall be the last inventory value thereof.</p>","text":"If the property should have been included in the last inventory, the basis shall be the last inventory value thereof.","otherVersions":[],"url":"https://blackletter.si/revenue-and-taxation-code/basis-for-computation-of-gain-or-loss-24913","source":"California Legislative Information bulk export (pubinfo)"}