Louisiana Revised Statutes — Title 47 (Revenue and Taxation)
La. R.S. 47:149
Unadjusted basis; involuntary conversions
If the property was acquired, after December 31, 1933, as the result of a compulsory or involuntary conversion described in R.S. 47:136 the basis shall be the same as in the case of the property so converted, decreased in the amount of any money received by the taxpayer which was not expended in accordance with the provisions of law, applicable to the year in which such conversion was made, determining the taxable status of the gain or loss upon such conversion, and increased in the amount of gain or decreased in the amount of loss to the taxpayer recognized upon such conversion under the law applicable to the year in which such conversion was made.
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In this chapter (37 sections)
- 47:131 · Determination of amount of, and recognition of, gain or loss
- 47:132 · Recognition of gain or loss; general rule
- 47:133 · Recognition of gain or loss; exchanges solely in kind
- 47:134 · Receipt of additional consideration
- 47:135 · Exclusion from income; property received in certain corporate…
- 47:136 · Recognition of gain or loss; involuntary conversions
- 47:137 · Recognition of gain or loss; certain liquidations; sales or…
- 47:138 · Definitions relating to corporate reorganizations
- 47:139 · Adjusted basis for determining gain or loss
- 47:140 · Unadjusted basis; in general
- 47:141 · Unadjusted basis; inventories
- 47:142 · Unadjusted basis; gifts after December 31, 1933
- 47:143 · Unadjusted basis; transfer in trust after December 31, 1933
- 47:144 · Unadjusted basis; gift or transfer in trust before January 1,…
- 47:145 · Unadjusted basis; property transmitted at death
- 47:146 · Unadjusted basis; tax free exchanges generally
- 47:147 · Repealed by Acts 1958, No. 443, §1
- 47:148 · Basis to corporations
- 47:149 · Unadjusted basis; involuntary conversions
- 47:150 · Unadjusted basis; wash sales of stock
- 47:151 · Unadjusted basis; property acquired during affiliation
- 47:152 · Basis of property received in liquidations
- 47:153 · Unadjusted basis; property converted from personal use
- 47:154 · Repealed by Acts 1958, No. 169, §1
- 47:155 · Unadjusted basis; property acquired before January 1, 1934
- 47:156 · Adjustments in basis for determining gain or loss
- 47:157 · Basis for depreciation
- 47:158 · Basis for depletion
- 47:159 · Distributions by corporations
- 47:160 · Loss from wash sales of stock or securities
- 47:161 · Income from sources partly within and partly without the State…
- 47:162 · Fiduciary returns
- 47:163 · Closing by collector of taxable year
- 47:164 · Information required and withholding of tax at source
- 47:165 · Information by corporations
- 47:166 · Returns of brokers
- 47:167 · Collection of foreign items