Cal. Codes » Revenue and Taxation Code / DIVISION 2. OTHER TAXES / PART 10. PERSONAL INCOME TAX / CHAPTER 3. Computation of Taxable Income / ARTICLE 2. Items Specifically Included in Gross Income
California Codes

Cal. Revenue and Taxation Code § 17087.5 (2026)

✓ current as of May 2026
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(a)Subchapter S of Chapter 1 of Subtitle A of the Internal Revenue Code, relating to tax treatment of “S corporations” and their shareholders, shall apply, except as otherwise provided under this part or Part 11 (commencing with Section 23001).

(b)Section 1371(f) of the Internal Revenue Code, relating to cash distributions following post-termination transition period, shall not apply.