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Section 17076 Of Article 1. Definition Of Gross Income, Adjusted Gross Income, Taxable Income, Etc. From California Revenue And Taxation Code >> Division 2. >> Part 10. >> Chapter 3. >> Article 1.
17076
. (a) Section 67 of the Internal Revenue Code, relating to the
2-percent floor on miscellaneous itemized deductions, shall apply,
except as otherwise provided.
(b) A deduction allowable under this part that exceeds three thousand dollars ($3,000) and is described in Section 17049, relating to computation of tax where taxpayer restores a substantial amount held under claim of right, may not be treated as a miscellaneous itemized deduction under Section 67 of the Internal Revenue Code, as applicable for purposes of this part.
(b) A deduction allowable under this part that exceeds three thousand dollars ($3,000) and is described in Section 17049, relating to computation of tax where taxpayer restores a substantial amount held under claim of right, may not be treated as a miscellaneous itemized deduction under Section 67 of the Internal Revenue Code, as applicable for purposes of this part.
