Get La R-6180 2025

The LA R-6180, or Net Capital Gains Deduction Worksheet, is a critical document for qualifying for a deduction on net capital gains in Louisiana. This guide will provide you with comprehensive, step-by-step instructions to effectively complete the form online.

Follow the steps to fill out the LA R-6180 form correctly.

1. Press the ‘Get Form’ button to access the LA R-6180 form and open it in your preferred digital workspace.
2. Begin by entering your Social Security number at the top of the form.
3. Provide the name of the business from which the net capital gain was derived. This should be the legal name that is registered.
4. Input the Louisiana Department of Revenue (LDR) account number associated with the business.
5. Enter the Federal Employer Identification Number (FEIN) for the business.
6. Describe the primary business activity conducted in Louisiana to provide context for the deduction.
7. Indicate where the assets of the business are held, ensuring accuracy to support your claims.
8. Specify where management decisions for the business are made.
9. Detail where day-to-day operational decisions are conducted to clarify the business's presence in Louisiana.
10. Proceed to calculate the deduction by entering the net capital gains as reported on your federal return.
11. Input the number of years that you have owned the business or the assets prior to the sale or exchange. If this is less than five, you cannot claim the deduction.
12. Next, fill in the number of years the business was commercially domiciled in Louisiana. Again, if this is less than five years, the deduction cannot be claimed.
13. On Line 3A, enter the number of years from the previous step. Then use the chart provided to determine the appropriate decimal for Line 3B based on the number of years.
14. Multiply the amount from Line 1 by the decimal amount from Line 3B. This figure is your capital gains deduction.
15. Finally, note this amount on Form IT-540, Schedule E using code 20E or on Form IT-540B for Nonresident Part-Year Resident worksheets with the same code.
16. Once all fields are filled and verified, you can choose to save changes, download, print, or share the completed form.

Complete the LA R-6180 online to ensure you maximize your eligible deductions!