Statute · California Revenue and Taxation Code
Cal. Rev. & Tax. Code § 18037 — Gain or Loss on Disposition of Property
Cal. Rev. & Tax. Code § 18037
- Type
- Statute
- Source
- California Revenue and Taxation Code
- Jurisdiction
- California
- Date
- 2004-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
An election made by a taxpayer pursuant to Section 1033(g)(3) of the Internal Revenue Code, relating to the election to treat outdoor advertising displays as real property, may not be denied because the taxpayer has, on his or her federal return, elected to expense the asset.
Citator
Cal. Rev. & Tax. Code § 18037 — Gain or Loss on Disposition of Property is in force in the current edition of the Code, and nothing recorded condemns it.
An election made by a taxpayer pursuant to Section 1033(g)(3) of the Internal Revenue Code, relating to the election to treat outdoor advertising displays as real property, may not be denied because the taxpayer has, on his or her federal return, elected to expense the asset.