California § 24911 - The adjusted basis for determining the gain or loss from the sale or other dispos
Full text of California Public Contract Code - PCC § 24911 — The adjusted basis for determining the gain or loss from the sale or other dispos, with citation guidance and answers to common questions.
§ 24911. The adjusted basis for determining the gain or loss from the sale or other dispos
(a) The adjusted basis for determining the gain or loss from the sale or other disposition of property, whenever acquired, shall be the basis (determined under Section 24912) or other applicable sections of Chapter 15 (relating to gain or loss on disposition of property) and Chapter 8 (relating to corporate distributions and adjustments), adjusted as provided in Sections 24916 and 24917. (b) If a deduction is allowable under Section 24357 (relating to charitable contributions) by reason of a sale, then the adjusted basis for determining the gain from such sale shall be that portion of the adjusted basis which bears the same ratio to the adjusted basis as the amount realized bears to the fair market value of the property.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 24911
What does Public Contract Code - PCC § 24911 cover?
Section 24911 ("The adjusted basis for determining the gain or loss from the sale or other dispos") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 24911?
A common citation format is "Public Contract Code - PCC § 24911" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 24911 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.