Revenue and Taxation Code section 17078

(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.

Source: Section 17078, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=RTC§ionNum=17078. (updated Oct. 6, 1993; accessed Sep. 21, 2026).

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17078

Up to date

Verified:
Sep. 21, 2026

§ 17078's source at ca.gov

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Location: https://california.public.law/codes/revenue_and_taxation_code_section_17078

Original Source: Section 17078, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=RTC§ionNum=17078. (last accessed May 12, 2025).