Statute · California Revenue and Taxation Code
Cal. Rev. & Tax. Code § 24905 — Computation of Gain or Loss
Cal. Rev. & Tax. Code § 24905
- Type
- Statute
- Source
- California Revenue and Taxation Code
- Jurisdiction
- California
- Date
- 1993-10-06
- Current through
- Nov 2, 2026 (California Legislative Counsel)
(a) Section 988 of the Internal Revenue Code, relating to treatment of certain foreign currency transactions, shall apply, except as otherwise provided.
Citator
Cal. Rev. & Tax. Code § 24905 — Computation of Gain or Loss is in force in the current edition of the Code, and nothing recorded condemns it.
(a) Section 988 of the Internal Revenue Code, relating to treatment of certain foreign currency transactions, shall apply, except as otherwise provided.
(b) Section 988(a)(3) of the Internal Revenue Code, relating to source, shall not apply.