H.R. 4661 · 110th Congress
To amend the Internal Revenue Code of 1986 to increase the limitation on capital loss applicable to individuals.
- Stage
- In committee
- Sponsor
- Steve Kagen
- Introduced
- 2007-12-13
- Latest action
- 2007-12-13 · Introduced in House
Summary
Amends the Internal Revenue Code to increase the limit on the deductibility of losses from the sale or exchange of capital assets for individual taxpayers to $10,000. Provides for an inflation adjustment to such increased amount after 2008.