Cal. Rev. & Tax. Code § 23043.5

Current through the 2023 Legislative Session.

Section 23043.5 - Applicability of IRC Section 7701(g) in determining amount of gain or loss

For purposes of this part, in determining the amount of gain or loss (or deemed gain or loss) with respect to any property, Section 7701(g) of the Internal Revenue Code, relating to nonrecourse indebtedness, applies, except as otherwise provided.

Ca. Rev. and Tax. Code § 23043.5

Amended by Stats 2003 ch 185 (AB 1743),s 34, eff. 1/1/2004.