Usufruct
R.S. 47:214

Basis of distributee partner's interest ACTIVE

In the case of a distribution by a partnership to a partner other than in liquidation of a partner's interest, the adjusted basis to such partner of his interest in the partnership shall be reduced (but not below zero) by:

(1) the amount of any money distributed to such partner, and

(2) the amount of the basis to such partner of distributed property other than money, as determined under R.S. 47:213.

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JSON Markdown Source (legis.la.gov)

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History

  • enactment Acts 1958, No. 441, §2

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Cite R.S. 47:214

Bluebook
La. Rev. Stat. Ann. § 47:214 (2026).
Permalink
https://theusufruct.com/rs/title-47/section-214
BibTeX
@misc{larevstat-47-214,
  title        = {La. Rev. Stat. Ann. § 47:214},
  howpublished = {Louisiana Revised Statutes},
  year         = {2026},
  url          = {https://theusufruct.com/rs/title-47/section-214},
  note         = {Snapshot 2026-05-22}
}