La. Revenue and Taxation § 47:217

Current with changes from the 2024 Legislative Session

Section 47:217 - 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.

La. Revenue and Taxation § 47:217

Added by Acts 1958, No. 441, §2.

Added by Acts 1958, No. 441, §2.