ADMINISTRATIVE RULES OF COURT

Pursuant to La.R.S. 47:287.63, allowable deductions for state purposes are the same as those allowed by the federal government for the same tax year. This appeal ensued. Reversed and rendered. The Department’s reliance on La.R.S. 47:287.63 was misplaced. The “basis” for a capital gain is not a “deduction” for income tax purposes. ................
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