<p>Louisiana Tax Appeals Board: Couple Not Entitled to Partial Exclusion of Capital Gain for Post-Acquisition Appreciation</p>

Louisiana Tax Appeals Board: Couple Not Entitled to Partial Exclusion of Capital Gain for Post-Acquisition Appreciation

Louisiana Board of Tax Appeals

The Louisiana Board of Tax Appeals held that a couple was not entitled to exclude a portion of a capital gain attributable to the post-acquisition appreciation from their 2015 Louisiana income because that portion did not arise from the sale of substantially all of the assets of another corporate entity.

<p>The Louisiana Board of Tax Appeals held that a couple was not entitled to exclude a portion of a capital gain attributable to the post-acquisition appreciation from their 2015 Louisiana income because that portion did not arise from the sale of substantially all of the assets of another corporate entity.</p>