California Revenue and Taxation Code ARTICLE 4 - Special Rules for Basis

• Section 24961.
  In the case of the property acquired by a corporation, during a period of affiliation, from a corporation with which it was affiliated, the basis...
• Section 24962.
  (a) If the property was acquired, after February 28, 1913, in any income year beginning before January 1, 1934, and the basis thereof, for purposes of...
• Section 24963.
  In the case of property acquired before March 1, 1913, if the basis otherwise determined under this part, adjusted (for the period before March 1,...
• Section 24964.
  Whenever a taxpayer has realized gain or loss upon the receipt after January 1, 1928, at a time when it was subject to a tax...
• Section 24965.
  In the case of a share of stock issued pursuant to Section 303(c) of the Federal National Mortgage Association Charter Act (12 U.S.C., Sec. 1718),...
• Section 24966.
  (a) The basis in stock purchased shall be reduced by the nontaxed portion of any extraordinary dividend received as provided in Section 1059 of the Internal...
• Section 24966.1.
  Section 1059A of the Internal Revenue Code, relating to limitation on taxpayer’s basis or inventory cost in property imported from related persons, shall apply, except...
• Section 24966.2.
  Section 1060 of the Internal Revenue Code, relating to special allocation rules for certain asset acquisitions, shall apply, except as otherwise provided.(Amended by Stats. 1993,...

Last modified: October 22, 2018