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The following is the Franchise Tax Board’s analysis of SB 5 (Lockyer and Lewis) as amended September 11, 1997. Subject: Federal Conformity - S Corporations & Exclusion of Gain from a Sale of a Principal Residence SUMMA
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Document Date: 1998-10-17 03:00:00


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File Size: 58,19 KB

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federal law allowing / federal law requiring consistent treatment / normal accounting rules / federal law / federal law provisions / subdivided real estate / affiliated / accounting method / Present law / state law / federal law allowing straight debt safe harbor / /

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Franchise Tax Board / /

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