H.R. 1070 · 111th Congress
To amend the Internal Revenue Code of 1986 to increase the limitation on the capital loss carryovers of individuals to $10,000.
- Stage
- In committee
- Sponsor
- Walter Jones
- Introduced
- 2009-02-13
- Latest action
- 2009-02-13 · Introduced in House
Summary
Amends the Internal Revenue Code to increase to $10,000 the limitation on the amount of losses from the sale or exchange of capital assets that an individual taxpayer may deduct in a taxable year beginning after December 31, 2007.