Louisiana § 47:71 Limitations on deductions for losses from wagering and from wash sales

Louisiana Statutes

§ 47:71 — Limitations on deductions for losses from wagering and from wash sales

Louisiana § 47:71

Title 47Revenue and Taxation

This text of Louisiana § 47:71 (Limitations on deductions for losses from wagering and from wash sales) is published on Counsel Stack Legal Research, covering Louisiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

La. Stat. Ann. § 47:71 (2026).

Text

A.Wagering losses. Losses from wagering transactions shall be allowed as deductions only to the extent of gains from such transactions.

B.Loss on wash sales of stock or securities. For disallowance of loss deductions in the case of sales of stock or securities where within thirty days before or after the date of the sale the taxpayer has acquired substantially identical property, see R.S. 47:160.

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A. Wagering losses. Losses from wagering transactions shall be allowed as deductions only to the extent of gains from such transactions.
B. Loss on wash sales of stock or securities. For disallowance of loss deductions in the case of sales of stock or securities where within thirty days before or after the date of the sale the taxpayer has acquired substantially identical property, see R.S. 47:160.