§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.
Recognition of gain or loss; general rule
La. Rev. Stat. § 47:132, under Revenue and Taxation.
La. Rev. Stat. § 47:132