Rev. & Tax. Code, § 24911 · Article 2. Basis for Computation of Gain or Loss
Rev. & Tax. Code, § 24911
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
(a) The adjusted basis for determining the gain or loss from the sale or other disposition of property, whenever acquired, shall be the basis (determined under Section 24912) or other applicable sections of Chapter 15 (relating to gain or loss on disposition of property) and Chapter 8 (relating to corporate distributions and adjustments), adjusted as provided in Sections 24916 and 24917.
(b) If a deduction is allowable under Section 24357 (relating to charitable contributions) by reason of a sale, then the adjusted basis for determining the gain from such sale shall be that portion of the adjusted basis which bears the same ratio to the adjusted basis as the amount realized bears to the fair market value of the property.
Notes and commentary — not statutory text
History
Amended by Stats. 1971, 1st Ex. Sess., Ch. 1.
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§ionNum=24911.
- Text hash
- sha256 2bf52a3615ab116ef96423633d7292fd62870132cfa14d0c34a114c2498a02c7
- 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
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Revenue and Taxation Code
- Rev. & Tax. Code, § 24357Printed as Section 24357
- Rev. & Tax. Code, div. 2, pt. 11, ch. 15Gain or Loss on Disposition of PropertyPrinted as Chapter 15
- Rev. & Tax. Code, § 24912Printed as Section 24912
- Rev. & Tax. Code, § 24916Printed as Sections 24916 and 24917
- Rev. & Tax. Code, § 24917Printed as Sections 24916 and 24917
Cited by 2 provisions
Provisions in this library whose text cites Rev. & Tax. Code, § 24911. Each shows the citation as that text prints it.
Revenue and Taxation Code
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