Louisiana § RS 47:202 - Income of partner
Full text of Louisiana Louisiana Civil Code § RS 47:202 — Income of partner, with citation guidance and answers to common questions.
§ RS 47:202. Income of partner
A. General rule. In determining his income tax, each partner shall take into account separately his distributive share, whether or not distributed, of the partnership's:
(1) gains and losses from sales or exchanges of capital assets,
(2) charitable contributions (as defined in R.S. 47:57),
(3) other items of income, gain, loss, deduction, or credit, to the extent provided by regulations prescribed by the collector, and
(4) taxable income or loss, exclusive of items requiring separate computation under other provisions of this Subsection.
B. Character of items constituting distributive share. The character of any item of income, gain, loss, deduction, or credit included in a partner's distributive share under Subsection A(1) through A(3) of this Section shall be determined as if such item were realized directly from the source from which realized by the partnership, or incurred in the same manner as incurred by the partnership.
C. Gross income of a partner. In any case where it is necessary to determine the gross income of a partner for purposes of this Chapter, such amount shall include his distributive share of the gross income of the partnership, whether or not such share has been actually distributed.
Amended by Acts 1958, No. 441, §1.
Source: official Louisiana text · Last verified 2026-08-27
Frequently Asked Questions About Louisiana § RS 47:202
What does Louisiana Civil Code § RS 47:202 cover?
Section RS 47:202 ("Income of partner") is part of the Louisiana Civil Code, the codified statutory law of Louisiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Louisiana § RS 47:202?
A common citation format is "Louisiana Civil Code § RS 47:202" (Louisiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Louisiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Louisiana official source linked on this page or consult a licensed Louisiana attorney.
How does Louisiana § RS 47:202 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Louisiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Louisiana.