reglab/statecodes huggingface dataset:
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 12 - Credit for Taxes Paid › Section 18001-2 - ** Limitations on Credit of Resident Taxpayers

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
In the case of resident taxpayers credit for net income
					 taxes imposed by and paid to another state (as defined in subsection (a) of
					 Reg. 18001-1) is allowed subject to the following conditions:
(a) Credit may be allowed only for taxes
				  imposed by and paid to another state on income from personal services performed
				  within such state, from land or other property located therein, from business
				  carried on there, or otherwise derived from sources within such state and
				  taxable under the laws of such state irrespective of the residence or domicile
				  of the recipient. Thus, credit may not be allowed for taxes paid to another
				  state on income from sources without such state even though such income may be
				  taxable by such state, either because the taxpayer is domiciled therein or is
				  considered a resident of such state notwithstanding that he is also considered
				  a resident of this State. This limitation is not applicable to an estate or
				  trust which, within the meaning of the law, is considered a resident of this
				  State and also of another state. (See Sections
				  18003-04.)
(b) Credit may not be allowed for taxes paid
				  to a state which allows nonresidents credit against the taxes imposed by such
				  state for taxes paid or payable to the state of residence. In such case credit
				  should be obtained from the state imposing a tax upon residents of this
				  State.
(c) The credit shall not
				  exceed that proportion of the tax payable under the law as the income taxable
				  in such other state and also taxable under the law bears to the total income
				  taxable under the law. In the application of this limitation only taxable
				  income to which the taxpayer is entitled shall be considered.
__________
** Except for limiting the
					 credit to taxes paid to other states, for taxable years beginning after
					 December 31, 1956, this regulation is substantially the same as Title 18, Cal.
					 Adm. Code, Chapter 3, Subchapter 2, Section
					 17976(b).
1.
					 Renumbering and amendment of Section
					 18001(b) to
					 Section 18001-2 filed 1-15-82; effective
					 thirtieth day thereafter (Register 82, No. 3).
2. Editorial
					 correction (Register 83, No. 19).
Note: Authority cited: Section
						19253,
						Revenue and Taxation Code. Reference: Section
						18001,
						Revenue and Taxation Code.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 12 - Credit for Taxes Paid › Section 18002 - Limitations on Credit of Nonresident Taxpayers. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1. Repealer
					 filed 1-15-82; effective thirtieth day thereafter (Register 85, No.
					 12).
2. Editorial correction to delete text which was repealed
					 1-15-82 but inadvertently left in print (Register 85, No.
					 12).
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 12 - Credit for Taxes Paid › Section 18003-18004 - Credit for Estates and Trusts. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1. Repealer
					 filed 1-15-82; effective thirtieth day thereafter (Register 85, No.
					 12).
2. Editorial correction to delete text which was repealed
					 1-15-82 but inadvertently left in print (Register 85, No.
					 12).
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 12 - Credit for Taxes Paid › Section 18005 - Credit for Resident Beneficiary of an Estate or Trust. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1. Repealer
					 filed 1-15-82; effective thirtieth day thereafter (Register 85, No.
					 12).
2. Editorial correction to delete text which was repealed
					 1-15-82 but inadvertently left in print (Register 85, No.
					 12).
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 12 - Credit for Taxes Paid › Section 18006-18009 - Refund After Credit. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1. Repealer
					 filed 1-15-82; effective thirtieth day thereafter (Register 85, No.
					 12).
2. Editorial correction to delete text which was repealed
					 1-15-82 but inadvertently left in print (Register 85, No.
					 12).
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 13 - Gain or Loss on Disposition of Property [Repealed] › Article 2 - BASIC RULES OF GENERAL APPLICATION › Section 18041 - Adjusted Basis

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Note: Authority cited: Section
						  19253,
						  Revenue and Taxation Code.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 13 - Gain or Loss on Disposition of Property [Repealed] › Article 2 - BASIC RULES OF GENERAL APPLICATION › Section 18042(a) - Basis of Property

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Note: Authority cited: Section
						  19253,
						  Revenue and Taxation Code.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 13 - Gain or Loss on Disposition of Property [Repealed] › Article 2 - BASIC RULES OF GENERAL APPLICATION › Section 18042(b) - Transfers in Part a Sale and in Part a Gift

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Note: Authority cited: Section
						  19253,
						  Revenue and Taxation Code.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 13 - Gain or Loss on Disposition of Property [Repealed] › Article 2 - BASIC RULES OF GENERAL APPLICATION › Section 18043 - Property Included in Inventory

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Note: Authority cited: Section
						  19253,
						  Revenue and Taxation Code.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 13 - Gain or Loss on Disposition of Property [Repealed] › Article 2 - BASIC RULES OF GENERAL APPLICATION › Section 18044-18047(a) - Basis of Property Acquired from a Decedent

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 13 - Gain or Loss on Disposition of Property [Repealed] › Article 2 - BASIC RULES OF GENERAL APPLICATION › Section 18044-18047(b) - Property Acquired from a Decedent

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 13 - Gain or Loss on Disposition of Property [Repealed] › Article 2 - BASIC RULES OF GENERAL APPLICATION › Section 18044-18047(c) - Other Basis Rules

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Note: Authority cited: Section
						  19253,
						  Revenue and Taxation Code.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 13 - Gain or Loss on Disposition of Property [Repealed] › Article 2 - BASIC RULES OF GENERAL APPLICATION › Section 18044-18047(d) - Uniformity of Basis; Adjustment to Basis

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Note: Authority cited: Section
						  19253,
						  Revenue and Taxation Code.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 13 - Gain or Loss on Disposition of Property [Repealed] › Article 2 - BASIC RULES OF GENERAL APPLICATION › Section 18044-18047(e) - Gain or Loss

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Note: Authority cited: Section
						  19253,
						  Revenue and Taxation Code.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 13 - Gain or Loss on Disposition of Property [Repealed] › Article 2 - BASIC RULES OF GENERAL APPLICATION › Section 18044-18047(f) - Special Rule for Adjustments to Basis Where Property Is Acquired from a Decedent Prior to His Death

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Note: Authority cited: Section
						  19253,
						  Revenue and Taxation Code.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 13 - Gain or Loss on Disposition of Property [Repealed] › Article 2 - BASIC RULES OF GENERAL APPLICATION › Section 18044-18047(g) - Example Applying Rules of Sections 18044-18047(d) Through (f) to Case Involving Multiple Interests

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Note: Authority cited: Section
						  19253,
						  Revenue and Taxation Code.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 13 - Gain or Loss on Disposition of Property [Repealed] › Article 2 - BASIC RULES OF GENERAL APPLICATION › Section 18044-18047(h) - Bequest, Devise or Inheritance of a Remainder Interest

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Note: Authority cited: Section
						  19253,
						  Revenue and Taxation Code.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 13 - Gain or Loss on Disposition of Property [Repealed] › Article 2 - BASIC RULES OF GENERAL APPLICATION › Section 18047 - Manner and Time for Filing Elections to Qualify Household and Personal Effects for Fair Market Value Basis

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Note: Authority cited: Section
						  19253,
						  Revenue and Taxation Code. Reference: Section 18047, Revenue and Taxation
						  Code.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 13 - Gain or Loss on Disposition of Property [Repealed] › Article 2 - BASIC RULES OF GENERAL APPLICATION › Section 18049-18051(a) - Basis of Property Acquired by Gift After December 1, 1920

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Note: Authority cited: Section
						  19253,
						  Revenue and Taxation Code.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 13 - Gain or Loss on Disposition of Property [Repealed] › Article 2 - BASIC RULES OF GENERAL APPLICATION › Section 18049-18051(b) - Transfer of Property in Trust After December 31, 1920

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Note: Authority cited: Section
						  19253,
						  Revenue and Taxation Code.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 13 - Gain or Loss on Disposition of Property [Repealed] › Article 2 - BASIC RULES OF GENERAL APPLICATION › Section 18049-18051(c) - Gift or Transfer in Trust Before January 1, 1921

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Note: Authority cited: Section
						  19253,
						  Revenue and Taxation Code.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 13 - Gain or Loss on Disposition of Property [Repealed] › Article 2 - BASIC RULES OF GENERAL APPLICATION › Section 18049-18051(d) - Transfers in Part a Gift and in Part a Sale

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Note: Authority cited: Section
						  19253,
						  Revenue and Taxation Code.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 13 - Gain or Loss on Disposition of Property [Repealed] › Article 2 - BASIC RULES OF GENERAL APPLICATION › Section 18052-18053(a) - Adjustments to Basis; Scope of Sections

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Note: Authority cited: Section
						  19253,
						  Revenue and Taxation Code.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 13 - Gain or Loss on Disposition of Property [Repealed] › Article 2 - BASIC RULES OF GENERAL APPLICATION › Section 18052-18053(b) - Items Properly Chargeable to Capital Account

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Note: Authority cited: Section
						  19253,
						  Revenue and Taxation Code.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 13 - Gain or Loss on Disposition of Property [Repealed] › Article 2 - BASIC RULES OF GENERAL APPLICATION › Section 18052-18053(c) - Exhaustion, Wear and Tear, Obsolescence, Amortization, and Depletion for Periods Since February 28, 1913

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Note: Authority cited: Section
						  19253,
						  Revenue and Taxation Code.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 13 - Gain or Loss on Disposition of Property [Repealed] › Article 2 - BASIC RULES OF GENERAL APPLICATION › Section 18052-18053(d) - Exhaustion, Wear and Tear, Obsolescence, Amortization, and Depletion; Periods During Which Income Was Not Subject to Tax

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Note: Authority cited: Section
						  19253,
						  Revenue and Taxation Code.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 13 - Gain or Loss on Disposition of Property [Repealed] › Article 2 - BASIC RULES OF GENERAL APPLICATION › Section 18052-18053(e) - Miscellaneous Adjustments to Basis

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Note: Authority cited: Section
						  19253,
						  Revenue and Taxation Code.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 13 - Gain or Loss on Disposition of Property [Repealed] › Article 2 - BASIC RULES OF GENERAL APPLICATION › Section 18052-18053(f) - Other Applicable Rules

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Note: Authority cited: Section
						  19253,
						  Revenue and Taxation Code.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 13 - Gain or Loss on Disposition of Property [Repealed] › Article 2 - BASIC RULES OF GENERAL APPLICATION › Section 18052-18053(g) - Adjusted Basis; Cancellation of Indebtedness Under Bankruptcy Act

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Note: Authority cited: Section
						  19253,
						  Revenue and Taxation Code.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 13 - Gain or Loss on Disposition of Property [Repealed] › Article 2 - BASIC RULES OF GENERAL APPLICATION › Section 18052-18053(h) - Adjusted Basis; Cancellation of Indebtedness; Special Cases

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Note: Authority cited: Section
						  19253,
						  Revenue and Taxation Code.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 13 - Gain or Loss on Disposition of Property [Repealed] › Article 2 - BASIC RULES OF GENERAL APPLICATION › Section 18052-18053(i) - Substituted Basis

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Note: Authority cited: Section
						  19253,
						  Revenue and Taxation Code.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 13 - Gain or Loss on Disposition of Property [Repealed] › Article 2 - BASIC RULES OF GENERAL APPLICATION › Section 18054(a) - Adjusted Basis; Discharge of Indebtedness; General Rule

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Note: Authority cited: Section
						  19253,
						  Revenue and Taxation Code.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 13 - Gain or Loss on Disposition of Property [Repealed] › Article 2 - BASIC RULES OF GENERAL APPLICATION › Section 18054(b) - Adjusted Basis; Discharge of Indebtedness; Special Cases

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Note: Authority cited: Section
						  19253,
						  Revenue and Taxation Code.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 13 - Gain or Loss on Disposition of Property [Repealed] › Article 2 - BASIC RULES OF GENERAL APPLICATION › Section 18055 - Property on Which Lessee Has Made Improvements

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Note: Authority cited: Section
						  19253,
						  Revenue and Taxation Code.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 13 - Gain or Loss on Disposition of Property [Repealed] › Article 2 - BASIC RULES OF GENERAL APPLICATION › Section 18057 - Sale of Annuities

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Note: Authority cited: Section
						  19253,
						  Revenue and Taxation Code.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 14 - Capital Gains and Losses [Repealed] › Article 3 - SPECIAL RULES FOR DETERMINING CAPITAL GAINS AND LOSSES › Section 18181-18182(a) - Gains and Losses from the Sale or Exchange of Certain Property Used in the Trade or Business

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Note: Authority cited: Section
						  19253,
						  Revenue and Taxation Code.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 14 - Capital Gains and Losses [Repealed] › Article 3 - SPECIAL RULES FOR DETERMINING CAPITAL GAINS AND LOSSES › Section 18181-18182(b) - Livestock Held for Draft, Breeding, or Dairy Purposes

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Note: Authority cited: Section
						  19253,
						  Revenue and Taxation Code.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 14 - Capital Gains and Losses [Repealed] › Article 3 - SPECIAL RULES FOR DETERMINING CAPITAL GAINS AND LOSSES › Section 18183-18185(a) - Bonds and Other Evidences of Indebtedness; Scope of Section

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Note: Authority and reference cited: Section
						  19253,
						  Revenue and Taxation Code.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 14 - Capital Gains and Losses [Repealed] › Article 3 - SPECIAL RULES FOR DETERMINING CAPITAL GAINS AND LOSSES › Section 18183-18185(b) - Retirement

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Note: Authority cited: Section
						  19253,
						  Revenue and Taxation Code.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 14 - Capital Gains and Losses [Repealed] › Article 3 - SPECIAL RULES FOR DETERMINING CAPITAL GAINS AND LOSSES › Section 18183-18185(c) - Gain upon Sale or Exchange of Obligations Issued at a Discount After December 31, 1954

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Note: Authority cited: Section
						  19253,
						  Revenue and Taxation Code.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 14 - Capital Gains and Losses [Repealed] › Article 3 - SPECIAL RULES FOR DETERMINING CAPITAL GAINS AND LOSSES › Section 18183-18185(d) - Obligations with Excess Coupons Detached

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Note: Authority cited: Section
						  19253,
						  Revenue and Taxation Code.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 14 - Capital Gains and Losses [Repealed] › Article 3 - SPECIAL RULES FOR DETERMINING CAPITAL GAINS AND LOSSES › Section 18186 - Gains and Losses from Short Sales for Taxable Years Beginning Before January 1, 1959

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Note: Authority cited: Section
						  19253,
						  Revenue and Taxation Code.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 14 - Capital Gains and Losses [Repealed] › Article 3 - SPECIAL RULES FOR DETERMINING CAPITAL GAINS AND LOSSES › Section 18186-18190.2 - Gains and Losses from Short Sales for Taxable Years Beginning on or After January 1, 1959

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Note: Authority cited: Section
						  19253,
						  Revenue and Taxation Code.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 14 - Capital Gains and Losses [Repealed] › Article 3 - SPECIAL RULES FOR DETERMINING CAPITAL GAINS AND LOSSES › Section 18191 - Options to Buy or Sell

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Note: Authority cited: Section
						  19253,
						  Revenue and Taxation Code.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 14 - Capital Gains and Losses [Repealed] › Article 3 - SPECIAL RULES FOR DETERMINING CAPITAL GAINS AND LOSSES › Section 18192-18195(a) - Sale or Exchange of Patents

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Note: Authority cited: Section
						  19253,
						  Revenue and Taxation Code.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 14 - Capital Gains and Losses [Repealed] › Article 3 - SPECIAL RULES FOR DETERMINING CAPITAL GAINS AND LOSSES › Section 18192-18195(b) - Definition of Terms

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Note: Authority cited: Section
						  19253,
						  Revenue and Taxation Code.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 14 - Capital Gains and Losses [Repealed] › Article 3 - SPECIAL RULES FOR DETERMINING CAPITAL GAINS AND LOSSES › Section 18196 - Dealers in Securities

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Note: Authority cited: Section
						  19253,
						  Revenue and Taxation Code.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 14 - Capital Gains and Losses [Repealed] › Article 3 - SPECIAL RULES FOR DETERMINING CAPITAL GAINS AND LOSSES › Section 18197-18199 - Real Property Subdivided for Sale

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Note: Authority and reference cited: Section
						  19253,
						  Revenue and Taxation Code.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 14 - Capital Gains and Losses [Repealed] › Article 3 - SPECIAL RULES FOR DETERMINING CAPITAL GAINS AND LOSSES › Section 18200 - Amortization in Excess of Depreciation

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Note: Authority cited: Section
						  19253,
						  Revenue and Taxation Code.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 14 - Capital Gains and Losses [Repealed] › Article 3 - SPECIAL RULES FOR DETERMINING CAPITAL GAINS AND LOSSES › Section 18201 - Gain from Sale or Exchange of Certain Property Between Spouses or Between an Individual and a Controlled Corporation

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Note: Authority cited: Section
						  19253,
						  Revenue and Taxation Code.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 14 - Capital Gains and Losses [Repealed] › Article 3 - SPECIAL RULES FOR DETERMINING CAPITAL GAINS AND LOSSES › Section 18202 - Capital Gains Treatment of Certain Termination Payments

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Note: Authority cited: Section
						  19253,
						  Revenue and Taxation Code.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 14 - Capital Gains and Losses [Repealed] › Article 3 - SPECIAL RULES FOR DETERMINING CAPITAL GAINS AND LOSSES › Section 18203 - Cancellation of Lease or Distributor's Agreement

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Note: Authority cited: Section
						  19253,
						  Revenue and Taxation Code.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 14 - Capital Gains and Losses [Repealed] › Article 3 - SPECIAL RULES FOR DETERMINING CAPITAL GAINS AND LOSSES › Section 18204 - Losses on Small Business Investment Company Stock

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Note: Authority cited: Section
						  19253,
						  Revenue and Taxation Code.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 14 - Capital Gains and Losses [Repealed] › Article 3 - SPECIAL RULES FOR DETERMINING CAPITAL GAINS AND LOSSES › Section 18205 - Loss of Small Business Investment Company

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Note: Authority cited: Section
						  19253,
						  Revenue and Taxation Code.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 14 - Capital Gains and Losses [Repealed] › Article 3 - SPECIAL RULES FOR DETERMINING CAPITAL GAINS AND LOSSES › Section 18206-18210(a) - Loss on Small Business Stock Treated As Ordinary Loss

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Note: Authority cited: Section
						  19253,
						  Revenue and Taxation Code.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 14 - Capital Gains and Losses [Repealed] › Article 3 - SPECIAL RULES FOR DETERMINING CAPITAL GAINS AND LOSSES › Section 18206-18210(b) - Annual Limitation

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Note: Authority cited: Section
						  19253,
						  Revenue and Taxation Code.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 14 - Capital Gains and Losses [Repealed] › Article 3 - SPECIAL RULES FOR DETERMINING CAPITAL GAINS AND LOSSES › Section 18206-18210(c) - Section 18208 Stock Defined

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Note: Authority cited: Section
						  19253,
						  Revenue and Taxation Code.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 14 - Capital Gains and Losses [Repealed] › Article 3 - SPECIAL RULES FOR DETERMINING CAPITAL GAINS AND LOSSES › Section 18206-18210(d) - Small Business Corporation Defined

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Note: Authority cited: Section
						  19253,
						  Revenue and Taxation Code.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 14 - Capital Gains and Losses [Repealed] › Article 3 - SPECIAL RULES FOR DETERMINING CAPITAL GAINS AND LOSSES › Section 18206-18210(e) - Contributions of Property Having Basis in Excess of Value

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Note: Authority cited: Section
						  19253,
						  Revenue and Taxation Code.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 14 - Capital Gains and Losses [Repealed] › Article 3 - SPECIAL RULES FOR DETERMINING CAPITAL GAINS AND LOSSES › Section 18206-18210(f) - Increases in Basis of Section 18208 Stock

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Note: Authority cited: Section
						  19253,
						  Revenue and Taxation Code.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 14 - Capital Gains and Losses [Repealed] › Article 3 - SPECIAL RULES FOR DETERMINING CAPITAL GAINS AND LOSSES › Section 18206-18210(g) - Stock Dividends, Recapitalization, Changes in Name, etc

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Note: Authority cited: Section
						  19253,
						  Revenue and Taxation Code.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 14 - Capital Gains and Losses [Repealed] › Article 3 - SPECIAL RULES FOR DETERMINING CAPITAL GAINS AND LOSSES › Section 18206-18210(h) - Records to Be Kept and Information to Be Filed with the Return

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 15 - Readjustment of Tax Between Years and Special Limitations [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1. Repealer of
				  subchapter 15 (articles 1-2, sections
				  18241(a) -
				  18311) filed 3-22-82; effective
				  thirtieth day thereafter (Register 82, No. 13). For prior history of article 2,
				  see Register 22, No. 13.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 17 - Returns [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1. Change
				  without regulatory effect repealing subchapter 17 (articles 1 through 4,
				  sections 18401-18404(a)
				  through 18477) filed 11-23-98 pursuant to
				  section 100, title 1, California Code of
				  Regulations (Register 98, No. 48). For prior history, see Register 78, No. 40;
				  Register 81, No. 35; Register 82, No. 13; Register 82, No. 34; Register 85, No.
				  26; Register 97, No. 17 and Register 97, No. 18.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 18 - Payments and Assessments [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1. Change
				  without regulatory effect repealing subchapter 18 (articles 1 through 5,
				  sections 18551-18554(a)
				  through 18691.1(c)) filed
				  11-23-98 pursuant to section
				  100, title 1, California Code of
				  Regulations (Register 98, No. 48). For prior history, see Register 82, No.13;
				  Register 85, No. 26; Register 90, No. 3 and Register 94, No. 24.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 19 - Collection of Tax [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1. Change
				  without regulatory effect repealing subchapter 19 (articles 1 through 6,
				  sections 18663 through
				  19027) filed 11-23-98 pursuant to
				  section 100, title 1, California Code of
				  Regulations (Register 98, No. 48). For prior history, see Register 70, No. 27;
				  Register 80, No. 11; Register 81, No. 11; Register 81, No. 13; Register 81, No.
				  15; Register 82, No. 13; Register 82, No. 34; Register 82, No. 49; Register 83,
				  No. 19; Register 85, No. 26; Register 86, No. 8; Register 86, No. 45; Register
				  97, No. 22; Register 97, No. 24 and Register 97, No. 32.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 20 - Overpayments and Refunds [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1. Change
				  without regulatory effect repealing subchapter 20 (articles 1 through 2,
				  sections 19051-19062.9 through 19085) filed
				  11-23-98 pursuant to section
				  100, title 1, California Code of
				  Regulations (Register 98, No. 48). For prior history, see Register 82, No. 13;
				  Register 82, No. 34; Register 82, No. 49 and Register 97, No. 27.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 21 - Administration of Tax [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1. Change
				  without regulatory effect repealing subchapter 21 (article 1, sections
				  19141.6-0 through
				  19363) filed 11-23-98 pursuant to
				  section 100, title 1, California Code of
				  Regulations (Register 98, No. 48). For prior history, see Register 85, No. 37;
				  Register 89, No. 8; Register 94, No. 25; Register 97, No. 2; Register 97, No.
				  24; Register 97, No. 32 and Register 97, No. 33.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.6 - Administration of Franchise and Income Tax › Subchapter 1 - General Provisions › Section 18409 - Reporting on Magnetic Media

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
The standards for determining which returns shall be filed
					 on magnetic media or in other machine-readable form shall be the standards
					 adopted by the U.S. Treasury in Regulation Section
					 301.6011-2 (26 CFR
					 301.6011-2). This regulation shall apply to
					 returns filed after December 31, 1986.
1. Change
					 without regulatory effect adding new chapter 2.6 (subchapters 1 through 10) and
					 subchapter 1 (reserved) filed 11-23-98 pursuant to section
					 100, title 1, California Code of
					 Regulations (Register 98, No. 48).
2. Amendment renumbering former
					 section 19524 to section
					 18409, including amendment of
					 NOTE, filed 4-24-2006; operative 1-1-2006 pursuant to Revenue and Taxation Code
					 section
					 19591(b)(2)
					 (Register 2006, No. 17).
Note: Authority cited: Section
						19503,
						Revenue and Taxation Code. Reference: Section
						18409,
						Revenue and Taxation Code.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.6 - Administration of Franchise and Income Tax › Subchapter 1 - General Provisions › Section 18416.5 - Election of Alternative Communication Method

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a) Definitions -- For purposes of this
				  regulation:
(1) "MyFTB folder" means the
				  taxpayer's limited access secure folder or the taxpayer's authorized
				  representative's secure folder which is accessed through the taxpayer's or
				  taxpayer's authorized representative's account on FTB's internet web
				  site.
(2) "PECM" means the
				  preferred electronic communication method selected by the taxpayer or the
				  taxpayer's authorized representative, which may include traditional email,
				  text, or other alternate forms of electronic communication that may become
				  available in the future.
(3) "TPEA"
				  means Taxpayer Provided Electronic Address, which may include an email address,
				  text enabled phone number capable of receiving text messages, or other
				  electronic delivery service address designated by the taxpayer to receive
				  notifications and which is accessible by the taxpayer electronically.
(4) "RPEA" means Representative Provided
				  Electronic Address, which may include an email address, text enabled phone
				  number capable of receiving text messages, or other electronic delivery service
				  address designated by the taxpayer's authorized representative to receive
				  notifications and which is accessible by the representative
				  electronically.
(5) "Successfully
				  transmitted" means when the document or text is stored as a document or text in
				  the taxpayer's MyFTB folder. The taxpayer or taxpayer's authorized
				  representative should confirm that the document or text is viewable in the
				  taxpayer's MyFTB folder to verify successful transmission.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.6 - Administration of Franchise and Income Tax › Subchapter 2 - Returns › Article 1 - Individuals and Fiduciaries › Section 18505-1 - Fiduciary Returns

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a)
					 Every fiduciary, or at least one of joint fiduciaries, must make a return of
					 income--
(1) For the individual whose income
					 is in his charge if the income of the individual is such that the individual
					 would be required to file a return in accordance with the provisions of Section
					 18501
					 of the Revenue and Taxation Code, were it not for the fact that the fiduciary
					 is required to file the return for the individual. The return, in the case of a
					 resident, should be filed on Form 540, and for a nonresident on Form
					 540NR.
(2) For the estate or trust
					 for which he acts if the net income of such estate exceeds the limits set out
					 in Section
					 18505
					 of the Revenue and Taxation Code, Form 541 should be used.
If a return is made by one of joint fiduciaries, it shall
						contain a statement that the fiduciary has sufficient knowledge of the affairs
						of the person for whom the return is made to enable him to make the return, and
						that the return is, to the best of his knowledge and belief, true and
						correct.
A return shall be filed for the taxable year of an estate
						which is a period of less than 12 months if the gross income of the estate for
						such taxable year exceeds the limit set out in Section
						18505
						of the Revenue and Taxation Code. The requirements as to the filing of a return
						for a trust remain the same, regardless of whether the taxable year of the
						trust is a period of less than 12 months.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.6 - Administration of Franchise and Income Tax › Subchapter 2 - Returns › Article 1 - Individuals and Fiduciaries › Section 18505-2 - Return by Guardian or Committee

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
A fiduciary acting as the guardian of a minor, or as the
						guardian or committee of an insane person must file a return for such minor or
						person, unless the minor himself makes a return or causes such return to be
						made. A return must be filed for a minor or insane person who is single where
						adjusted gross income of such person exceeds the limits set forth in Section
						18505
						of the Revenue and Taxation Code. Returns must be filed for such married
						couples where their adjusted gross income exceeds the limits set forth in
						Section
						18505
						of the Revenue and Taxation Code. Regardless of net income, a return must be
						filed for all persons, whether married or single, if their gross income exceeds
						the limits set forth in Section
						18505
						of the Revenue and Taxation Code. The return which must be filed for the
						persons described above is Form 540 if such persons are residents, and Form
						540NR if such persons are nonresidents.
For the purpose of determining the liability of a
						fiduciary to render a return under the provisions of the preceding paragraph in
						cases where the minor or the incompetent is married, it is the aggregate gross
						income or the aggregate net income of both husband and wife which is
						controlling. (See Section
						18501
						of the Revenue and Taxation Code)
1. Change
						without regulatory effect renumbering former section
						18405(b) to new
						section 18505-2, including amendment of
						section and NOTE, filed 4-23-97 pursuant to section
						100, title 1, California Code of
						Regulations (Register 97, No. 17).
2. Change without regulatory
						effect relocating section
						18505-2 from chapter 2.5,
						subchapter 17 to chapter 2.6, subchapter 2 filed 11-23-98 pursuant to section
						100, title 1, California Code of
						Regulations (Register 98, No. 48).
Note: Authority cited: Section
						  19503,
						  Revenue and Taxation Code. Reference: Section
						  18505,
						  Revenue and Taxation Code.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.6 - Administration of Franchise and Income Tax › Subchapter 2 - Returns › Article 1 - Individuals and Fiduciaries › Section 18505-3 - Return by Receiver

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
A receiver of all the property of an individual who is a
						resident of this State must make a return of, and pay the tax upon, the income
						from such property if the adjusted gross income of an individual exceeds the
						limits set forth in Section
						18505
						of the Revenue and Taxation Code. If the individual is a resident of this State
						the entire income from his property regardless of where located, must be
						reported by the receiver. If the individual is a nonresident, only income from
						property having a business or taxable situs in this State should be reported.
						The return should be made on Form 540, except that if the individual is a
						nonresident of the State Form 540NR should be employed.
A receiver in charge of the business of a partnership
						shall render a return on Form 565. A receiver of the rents and profits
						appointed to hold and operate a mortgaged parcel of real estate but not in
						control of all the property or business of the mortgagor, and a receiver in
						partition proceedings, are not required to render returns of income. Likewise,
						a receiver of a corporation is not required to make a return of income but
						should make a return for the corporation under the Bank and Corporation Tax law
						if the corporation is taxable under that law.
1. Change
						without regulatory effect renumbering former section
						18405(c) to new
						section 18505-3, including amendment of
						section and NOTE, filed 4-23-97 pursuant to section
						100, title 1, California Code of
						Regulations (Register 97, No. 17).
2. Change without regulatory
						effect relocating section
						18505-3 from chapter 2.5,
						subchapter 17 to chapter 2.6, subchapter 2 filed 11-23-98 pursuant to section
						100, title 1, California Code of
						Regulations (Register 98, No. 48).
Note: Authority cited: Section
						  19503,
						  Revenue and Taxation Code. Reference: Section
						  18505,
						  Revenue and Taxation Code.