Mississippi § 27-7-95 - Limitations on allowances of losses from sales or exchanges of capital assets.
Full text of Mississippi Mississippi Code of 1972 Annotated § 27-7-95 — Limitations on allowances of losses from sales or exchanges of capital assets., with citation guidance and answers to common questions.
§ 27-7-95. Limitations on allowances of losses from sales or exchanges of capital assets.
In the case of a corporation, losses from sales or exchanges of capital assets shall be allowed only to the extent of gains from such sales or exchanges. In the case of a taxpayer other than a corporation, losses from sales or exchanges of capital assets shall be allowed only to the extent of the gains from such sales or exchanges, plus, if such losses exceed such gains, the lower of: Three Thousand Dollars ($3,000.00) and One Thousand Five Hundred Dollars ($1,500.00) in the case of a married individual filing a separate return, or The excess of such losses over such gains.
Source: official Mississippi text · Last verified 2026-08-27
Frequently Asked Questions About Mississippi § 27-7-95
What does Mississippi Code of 1972 Annotated § 27-7-95 cover?
Section 27-7-95 ("Limitations on allowances of losses from sales or exchanges of capital assets.") is part of the Mississippi Code of 1972 Annotated, the codified statutory law of Mississippi. 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 Mississippi § 27-7-95?
A common citation format is "Mississippi Code of 1972 Annotated § 27-7-95" (Mississippi). 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 Mississippi law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Mississippi official source linked on this page or consult a licensed Mississippi attorney.
How does Mississippi § 27-7-95 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Mississippi 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 Mississippi.