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

phuber58 · ‎February 10, 2025

RobertB4444

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.

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