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Code · Louisiana · Title 47 — Revenue and Taxation

RS 47:217

65 words·~1 min read·/la/title-47/47-454

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RS 47:217
§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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