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Form a Business

Recognition of gain or loss; general rule

La. R.S. 47:132
in effect
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47:132. Recognition of gain or loss; general rule Upon the sale or exchange of property, the entire amount of the gain or loss determined under R.S. 47:131 shall be recognized, except as provided in R.S. 47:133 through 47:138.
Source: Louisiana State Legislature (legis.la.gov)URL: https://legis.la.gov/legis/Law.aspx?d=101162Fetched: 10/20/2026

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