Louisiana Revised Statutes — Title 47 (Revenue and Taxation)
La. R.S. 47:217
Recognition and character of gain or loss on sale or exchange
Official textlegis.la.gov
In the case of a sale or exchange of an interest in a partnership, gain or loss shall be recognized to the transferor partner. Such gain or loss shall be considered as gain or loss from the sale or exchange of a capital asset.
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In this chapter (25 sections)
- 47:201 · Partnership informational return of income required;…
- 47:201.1 · Composite returns for nonresident partners or members
- 47:201.2 · Reporting adjustments to federal taxable income and federal…
- 47:202 · Income of partner
- 47:203 · Partnership computations
- 47:204 · Partner's distributive share
- 47:205 · Determination of basis of partner's interest
- 47:206 · Taxable years of partner and partnership
- 47:207 · Transactions between partner and partnership
- 47:208 · Continuation of partnership
- 47:209 · Nonrecognition of gain or loss on contribution
- 47:210 · Basis of contributing partner's interest
- 47:211 · Basis of property contributed to partnership
- 47:212 · Extent of recognition of gain or loss on distribution
- 47:213 · Basis of distributed property other than money
- 47:214 · Basis of distributee partner's interest
- 47:215 · Optional adjustment to basis of undistributed partnership…
- 47:216 · Payments to a retiring partner or a deceased partner's…
- 47:217 · Recognition and character of gain or loss on sale or exchange
- 47:218 · Basis of transferee partner's interest
- 47:219 · Optional adjustment to basis of partnership property
- 47:220 · Treatment of certain liabilities
- 47:220.1 · Manner of electing optional adjustment to basis of…
- 47:220.2 · Rules for allocation of basis
- 47:220.3 · Terms defined