---
urn: urn:us-la:rs:9:2144
citation: "R.S. 9:2144"
status: active
breadcrumb: "Title 9 › Code Preliminary Title › Code Book III › Code Title II › Chapter 1 › Part V › Subpart D"
acts_citations:
  - { year: 2020, number: 17, section: 1, effective_date: 2021-01-01, role: enactment }
---

# Income and principal distinguished

Receipts paid or delivered in return for the use of property forming a part of principal are income, unless this Subpart expressly provides to the contrary.

Receipts paid or delivered in consideration for the sale or other transfer of property forming a part of principal or as the replacement of property forming a part of principal are principal unless this Subpart expressly provides to the contrary.