California Revenue and Taxation Code ARTICLE 2 - Basis for Computation of Gain or Loss

• Section 24911.
  (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.
  The basis of property shall be the cost of the property, except as otherwise provided in Chapter 8 (commencing with Section 24451), relating to corporate...
• Section 24913.
  If the property should have been included in the last inventory, the basis shall be the last inventory value thereof.(Added by Stats. 1955, Ch. 938.)
• Section 24914.
  (a) If the property was acquired by gift after December 31, 1920, the basis shall be the same as it would be in the hands of...
• Section 24915.
  (a) If—(1) The property is acquired by gift on or after the date of the enactment of this section, the basis shall be the basis determined under...
• Section 24916.
  Proper adjustment with regard to the property shall in all cases be made as follows:(a) For expenditures, receipts, losses, or other items properly chargeable to capital...
• Section 24916.2.
  Notwithstanding the provisions of Section 24916 no adjustment shall be made for (a) abandonment fees paid in respect of property on which the open-space easement is...
• Section 24917.
  Whenever it appears that the basis of property in the hands of the corporation is a substituted basis, then the adjustments provided in Section 24916...
• Section 24918.
  (a) Section 1017 of the Internal Revenue Code, relating to discharge of indebtedness, shall apply, except as otherwise provided. References to affiliated groups which file a...
• Section 24919.
  Neither the basis nor the adjusted basis of any portion of real property shall, in the case of the lessor of such property, be increased...

Last modified: October 22, 2018