Louisiana Revised Statutes — Title 47 (Revenue and Taxation)
La. R.S. 47:160
Loss from wash sales of stock or securities
# A.
In the case of any loss claimed to have been sustained from any sale or other disposition of shares of stock or securities where it appears that, within a period beginning thirty days before the date of such sale or disposition and ending thirty days after such date, the taxpayer has acquired (by purchase or by an exchange upon which the entire amount of gain or loss was recognized by law), or has entered into a contract or option so to acquire, substantially identical stock or securities, then no deduction for the loss shall be allowed under R.S. 47:60(2); nor shall such deduction be allowed under R.S. 47:61, unless the claim is made by a corporation, a dealer in stocks or securities, and with respect to transactions made in the ordinary course of its business.
# B.
If the amount of stock or securities acquired (or covered by the contract or option to acquire) is less than the amount of stock or securities sold or otherwise disposed of, then the particular shares of stock or securities the loss from the sale or other disposition of which is not deductible shall be determined under rules and regulations prescribed by the collector.
# C.
If the amount of stock or securities acquired (or covered by the contract or option to acquire) is not less than the amount of stock or securities sold or otherwise disposed of, then the particular shares of stock or securities the acquisition of which (or the contract or option to acquire which) resulted in the nondeductibility of the loss, shall be determined under the rules and regulations prescribed by the collector.
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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