---
urn: urn:us-la:rs:47:132
citation: "R.S. 47:132"
status: active
breadcrumb: "Title 47 › Subtitle II › Chapter 1 › Part II › Subpart B"
acts_citations:
---

# 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.