ARTICLE 4. Special Rules for Basis

Article 4 added by Stats. 1955, Ch. 938.

§§ 24961–24966.2 · 8 sections

• § 24961 In the case of the property acquired by a corporation, during a period of affiliation, from a corporation with which it was affiliated, the basis of such…
• § 24962 (a) If the property was acquired, after February 28, 1913, in any income year beginning before January 1, 1934, and the basis thereof, for purposes of the…
• § 24963 In the case of property acquired before March 1, 1913, if the basis otherwise determined under this part, adjusted (for the period before March 1, 1913) as…
• § 24964 Whenever a taxpayer has realized gain or loss upon the receipt after January 1, 1928, at a time when it was subject to a tax under this part, of all or…
• § 24965 In the case of a share of stock issued pursuant to Section 303(c) of the Federal National Mortgage Association Charter Act (12 U.S.C., Sec. 1718), the basis of…
• § 24966 (a) The basis in stock purchased shall be reduced by the nontaxed portion of any extraordinary dividend received as provided in Section 1059 of the Internal…
• § 24966.1 Section 1059A of the Internal Revenue Code, relating to limitation on taxpayer’s basis or inventory cost in property imported from related persons, shall…
• § 24966.2 Section 1060 of the Internal Revenue Code, relating to special allocation rules for certain asset acquisitions, shall apply, except as otherwise provided.