Cal. Rev. & Tax. Code § 24691

Current through the 2023 Legislative Session.

Section 24691 - Applicability of IRC Section 465

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

Ca. Rev. and Tax. Code § 24691

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.