Mississippi Administrative Code
Title 35 - Department of Revenue
Part 3 - Income and Franchise
Subpart 02 - Gross Income
Chapter 03 - Gain or Loss on Disposition of Property
Section 35-3-02-03-103
Universal Citation: MS Code of Rules 35-3-02-03-103
Current through September 24, 2024
Gains realized and recognized on the sale or exchange of a capital asset are treated, for Mississippi income tax purposes, as ordinary income and the total gain recognized on such sale must be included in gross income.
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