Revenue and Taxation Code § 24691

ARTICLE 4. Year of Deduction

Current as of September 28, 2026Rev. & Tax. Code, § 24691Official source ↗

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.

Section 465 of the Internal Revenue Code, relating to limitations of deductions to the amount at risk, shall apply.