This page provides general legal information and calculation tools, not legal advice. DocketMath is not a law firm and does not provide legal representation, and using this site does not create an attorney-client relationship. Laws change and exceptions apply, so deadlines and amounts specific to your situation should be confirmed with a licensed attorney in your jurisdiction.

Louisiana 0% State-Level Tax on Gain From Sale of Inherited Asset

Louisiana imposes a 0% state-level tax on the gain from the sale of an inherited asset under La. Rev. Stat. Ann. § 47:32. This statute governs the state income tax treatment of inherited property, effectively exempting any appreciation that occurred before the decedent’s death from Louisiana state taxation. The rule applies because the tax basis of inherited property is generally stepped up to its fair market value at the date of death, eliminating the pre-death gain. The worked example below illustrates how this zero rate applies to a typical inheritance scenario. For a calculation tailored to your specific asset and date of inheritance, use the DocketMath tax implication viewer.

Governing authority

In Louisiana, the tax implication viewer rule is set by La. Rev. Stat. Ann. § 47:32. The verified packet cites La. Rev. Stat. Ann. § 47:32 (https://legis.la.gov/Legis/Laws_Toc.aspx?d=94198).

Louisiana tax implication viewer: the verified value is 0% under La. Rev. Stat. Ann. § 47:32. The verified packet cites La. Rev. Stat. Ann. § 47:32 (https://legis.la.gov/Legis/Laws_Toc.aspx?d=94198).

Estimate your own result: every situation has exceptions that can change the outcome. Use the tax implication viewer calculator to estimate your specific figure.

This page provides general legal information and calculation tools, not legal advice. DocketMath is not a law firm and does not provide legal representation, and using this site does not create an attorney-client relationship. Laws change and exceptions apply, so deadlines and amounts specific to your situation should be confirmed with a licensed attorney in your jurisdiction.