California Legal Codes and Statutes

§ 24902

Added by Stats. 1955, Ch. 938.

Except as otherwise provided in this part, on the sale or exchange of property the entire amount of the gain or loss, determined under Section 24901, shall be recognized.

Cite this section

Cal. Rev. & Tax. Code § 24902 (2026)
https://ca.codecond.com/codes/rtc/division-2-other-taxes/part-11-corporation-tax-law/chapter-15-gain-or-loss-on-disposition-of-property/article-1-computation-of-gain-or-loss/section-24902

Other sections in Article 1 - Computation of Gain or Loss

§ 24901§ 24902§ 24905§ 24905.5

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