H.R. 4075 · 108th Congress
To amend the Internal Revenue Code of 1986 to increase the amount of capital losses which may offset ordinary income.
- Stage
- In committee
- Sponsor
- Nick Smith
- Introduced
- 2004-03-30
- Latest action
- 2004-03-30 · Introduced in House
Summary
Amends the Internal Revenue Code to increase from $3,000 to $9,000 the limitation on the deduction for the capital losses of individual taxpayers. Provides for an annual inflation adjustment of the limitation amount.