Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Feb 10, 2025 11:25:08 AM

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

0 1 696
1 Replies
Expert Alumni
Feb 17, 2025 8:27:24 AM

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