California Revenue and Taxation Code 17078 – (a) Section 988 of the Internal Revenue Code, relating to …
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(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.
(Amended by Stats. 1993, Ch. 877, Sec. 13. Effective October 6, 1993.)