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·Title 47 Revenue and Taxation

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.

Free access — add to your briefcase to read the full text and ask questions with AI

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.

Louisiana § 47:71 (Limitations on deductions for losses from wagering and from wash sales) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.