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2018 Louisiana Laws
Revised Statutes
TITLE 47 - Revenue and Taxation
RS 47:217 - Recognition and character of gain or loss on sale or exchange
Universal Citation: LA Rev Stat § 47:217 (2018)
§217. Recognition and character of gain or loss on sale or exchange
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.
Added by Acts 1958, No. 441, §2.
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