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Louisiana Revised Statutes — Title 47 (Revenue and Taxation)

La. R.S. 47:73

Items not deductible; family transactions

Official textlegis.la.gov

In computing net income, no deduction shall in any case be allowed in respect of losses from sales or exchanges of property, directly or indirectly, between members of a family or, except in the case of distributions in liquidation, between an individual and a corporation in which such individual owns, directly or indirectly, more than fifty per centum (50%) of the voting stock.
For the purpose of this Section an individual shall be considered as owning the stock owned, directly or indirectly, by his family; and the family of an individual shall include only his brothers and sisters, whether by whole or half blood, spouse, ancestors, and lineal descendants.

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In this chapter (40 sections)
  1. 47:52 · Exclusion from gross income; compensation or retired pay…
  2. 47:53 · Exclusion from gross income; income from carriage on high seas
  3. 47:53.1 · Recovery of bad debts, prior taxes, and delinquency amounts
  4. 47:53.2 · Exclusion from gross income; income from discharge of…
  5. 47:53.3 · Repealed by Acts 1972, No. 729, §1
  6. 47:53.4 · Exclusions from gross income; amounts of purchase of…
  7. 47:53.5 · Exclusions from gross income; compensation for disaster…
  8. 47:54 · Deductions from gross income; interest
  9. 47:55 · Deductions from gross income; taxes generally
  10. 47:56 · Deductions from gross income; taxes on shareholders paid by…
  11. 47:57 · Deductions from gross income; charitable and other contributions
  12. 47:58 · Deductions from gross income; bad debts
  13. 47:59 · Deductions from gross income; alimony payments
  14. 47:59.1 · Deduction from gross income; adaptive home improvements
  15. 47:60 · Deductions from gross income; losses by individuals
  16. 47:60.1 · Deductions from gross income; casualty losses by individuals
  17. 47:61 · Deductions from gross income; losses by corporations
  18. 47:62 · Deductions from gross income; business expenses
  19. 47:63 · Deductions from gross income; dividends received by corporations
  20. 47:64 · Deductions from gross income; pension trusts
  21. 47:65 · Deductions from gross income; depreciation
  22. 47:66 · Deductions from gross income; depletion
  23. 47:67 · Deductions from gross income; charges in case of oil and gas…
  24. 47:68 · Deductions from gross income; optional standard deduction
  25. 47:69 · Repealed by Acts 1979, No. 586, §1
  26. 47:70 · Blank
  27. 47:71 · Limitations on deductions for losses from wagering and from…
  28. 47:72 · Limitations on deductions for capital losses
  29. 47:73 · Items not deductible; family transactions
  30. 47:74 · Items not deductible; shrinkage in value of life or terminable…
  31. 47:75 · Items not deductible; unpaid expenses and interest
  32. 47:76 · Items not deductible; amounts allocable to income not taxed
  33. 47:77 · Items not deductible; miscellaneous
  34. 47:78 · Items not deductible; construction and application of provisions
  35. 47:79 · Repealed by Acts 2024, 3rd Ex. Sess., No. 11, §4, eff. Dec. 4,…
  36. 47:85 · Repealed by Acts 1998, No. 4, §1, eff. June 4, 1998
  37. 47:86 · Repealed by Acts 1998, No. 4, §1, eff. June 4, 1998
  38. 47:87 · Repealed by Acts 1998, No. 4, §1, eff. June 4, 1998
  39. 47:88 · Repealed by Acts 1998, No. 4, §1, eff. June 4, 1998
  40. 47:89 · Repealed by Acts 1998, No. 4, §1, eff. June 4, 1998
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