Usufruct
R.S. 47:153

Unadjusted basis; property converted from personal use ACTIVE

In the case of property converted from personal use to business use or to use for profit, the basis shall be the lower of:

(1) the fair market value of such property at the time of the conversion; or

(2) the basis as otherwise determined under R.S. 47:140.

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JSON Markdown Source (legis.la.gov)

References

Cited by

None.

History

  • enactment Acts 1958, No. 242, §9

Section navigation

Cite R.S. 47:153

Bluebook
La. Rev. Stat. Ann. § 47:153 (2026).
Permalink
https://theusufruct.com/rs/title-47/section-153
BibTeX
@misc{larevstat-47-153,
  title        = {La. Rev. Stat. Ann. § 47:153},
  howpublished = {Louisiana Revised Statutes},
  year         = {2026},
  url          = {https://theusufruct.com/rs/title-47/section-153},
  note         = {Snapshot 2026-05-22}
}