Section 24661.

Cal. Revenue and Taxation Code - RTC § 24661.
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
Section 451 of the Internal Revenue Code, relating to the general rule for taxable year of inclusion, shall apply, except as otherwise provided.
Source: CA Legislative Counsel Bulk DataURL: https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zipFetched: 6/27/2026

Starting a business in California? California LLC guide: costs and requirements