California Law (Last Updated: March 4, 2014) |
Revenue and Taxation Code - RTC |
Division 2. OTHER TAXES |
Part 11. CORPORATION TAX LAW |
Chapter 15. Gain or Loss on Disposition of Property |
ARTICLE 1. Computation of Gain or Loss |
Section 24902.
Latest version.
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Except as otherwise provided in this part, on the sale or exchange of property the entire amount of the gain or loss, determined under Section 24901, shall be recognized.
(Added by Stats. 1955, Ch. 938.)