Nonrecognition of gain or loss on contribution

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  2. Louisiana Laws
  3. Revised Statutes
  4. Revenue and Taxation
  5. Nonrecognition of gain or loss on contribution

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RS 209 - Nonrecognition of gain or loss on contribution

No gain or loss shall be recognized to a partnership or to any of its partners in the case of a contribution of property to the partnership in exchange for an interest in the partnership.

Added by Acts 1958, No. 441, §2.


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