Section 1202 of the Internal Revenue Code, relating to 50-percent exclusion for gain from certain small business stock, does not apply.
Cal. Rev. & Tax. Code § 18152
General Rules for Determining Capital Gains and Losses
Amended by Stats. 2018, Ch. 92, Sec. 197
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.