ARTICLE 1. Computation of Gain or Loss

Article 1 added by Stats. 1955, Ch. 938.

§§ 24901–24905.5 · 4 sections

• § 24901 (a) The gain from the sale or other disposition of property shall be the excess of the amount realized therefrom over the adjusted basis provided in Section…
• § 24902 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…
• § 24905 (a) Section 988 of the Internal Revenue Code, relating to treatment of certain foreign currency transactions, shall apply, except as otherwise provided. (b)…
• § 24905.5 For each taxable year beginning on or after January 1, 1997, the amendments made to Section 988 of the Internal Revenue Code by Section 13223 of the Revenue…