{"data":{"id":"us-la/rs-47-153","jurisdiction":"us-la","citation":"RS 47:153","heading":"Unadjusted basis; property converted from personal use","body":"In the case of property converted from personal use to business use or to use for profit, the basis shall be the lower of:\n(1) the fair market value of such property at the time of the conversion; or\n(2) the basis as otherwise determined under R.S. 47:140.","path":["TITLE 47. REVENUE AND TAXATION"],"source_url":"https://www.legis.la.gov/legis/Law.aspx?d=101245","current_through":"2025 First Extraordinary Session","vintage":"","retrieved_at":"2026-09-14T05:02:19Z","sha256":"ff6e73ebea4dfc3088bece01fbad15b89d2451fc9e1066eeefadefff7e2e9de1","source_id":"us-la","stale":false,"prev":"us-la/rs-47-152","next":"us-la/rs-47-154"},"notice":"GroundRules: Original legal text. Not legal advice."}