Section 1040 of the Internal Revenue Code, relating to transfer of certain real property, does not apply.
Cal. Rev. & Tax. Code § 18038
Gain or Loss on Disposition of Property
Amended by Stats. 2003, Ch. 185, Sec. 20
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.