Revenue and Taxation Code § 24691
‹ § 24690§ 24692 ›Open in browserleginfo ↗24691.
Section 465 of the Internal Revenue Code, relating to limitations of deductions to the amount at risk, shall apply.
(Added by Stats. 1988, Ch. 11, Sec. 78. Effective February 19, 1988. Applicable to income years beginning on or after January 1, 1987, by Sec. 95 of Ch. 78.)