California Legal Codes and Statutes

§ 17078

Amended by Stats. 1993, Ch. 877, Sec. 13. Effective October 6, 1993.
(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.

Cite this section

Cal. Rev. & Tax. Code § 17078 (2026)
https://ca.codecond.com/codes/rtc/division-2-other-taxes/part-10-personal-income-tax/chapter-3-computation-of-taxable-income/article-1-definition-of-gross-income-adjusted-gross-income-taxable-income-etc/section-17078

Other sections in Article 1 - Definition of Gross Income, Adjusted Gross Income, Taxable Income, etc.

§ 17071§ 17072§ 17073§ 17073.5§ 17074§ 17075§ 17076§ 17077§ 17078

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