Rev. & Tax. Code, § 24691 · Article 4. Year of Deduction

Rev. & Tax. Code, § 24691

Verbatim from the official edition

Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)

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

Notes and commentary — not statutory text

History

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.

Source of truth

Edition: As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
Official file: https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=RTC&sectionNum=24691.
Text hash: sha256 49ceae4aad53c07e5fcef0ceab446ac2f19eb5673ba85a07ad62cb244a8cf5e4
Composed by: compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section

Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.