Section 267 of the Internal Revenue Code, relating to losses, expenses, and interest with respect to transactions between related taxpayers, shall apply, except as otherwise provided.
Cal. Rev. & Tax. Code § 24427
Items Not Deductible
Amended by Stats. 2015, Ch. 359, Sec. 32
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.