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February 10, 2025
Question

IF I SELL PART OF MY RENTALS CAN I TAKE THE STATE OF LOUISIANA "CAPITAL GAIN FROM THE SALE OF A LOUISIANA BUSINESS" CREDIT?

  • February 10, 2025
  • 1 reply
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    1 reply

    February 17, 2025

    Not unless your rental property is registered as a business in Louisiana.  Since most rental property is a passive income generator on your federal return it is not an actual business so it is not eligible for a Louisiana business credit or any other business credit.  If you are a real estate professional you can register your rental business as a business in Louisiana and be eligible for the credit.

     

    @phuber58 

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