Share |. Map showing location of Louisiana on the US map. As shown in the Louisiana location map that Louisiana is located in the southern part of United States. It bordered by the Texas in the west, Arkansas in the north, and in the eastern side Mississippi makes boundary with it. However, in the south Mexico Gulf makes coastline with it.
Gambling losses (to the extent of gambling gains) are deductible in computing. adjusted gross income insofar as they are attributable to a trade or business. (subject to the illegal activities limitation of Section 17297 of the Personal. Income Tax Law). Advice is requested as to whether gambling losses (to the extent of gambling. gains) are deductible in computing adjusted gross income or are only deductible. from adjusted gross income in computing net income.
According to Rev. Rul. 74-175, a capital loss and NOL from business operations sustained by a decedent during his last taxable year are deductible only on the final income tax return filed on his behalf; such losses are not deductible by his estate.or many business owners, the tax losses continued to be incurred since 2009 and, as a result, many real estate and construction company owners may be in a substantial NOL carryover position for the future.