HR 5212 · 107th Congress · Taxation

To amend the Internal Revenue Code of 1986 to increase the limitation on capital losses an individual may deduct against ordinary income, and to adjust such amount for inflation.

Introduced 2002-07-25· Sponsored by Rep. Istook, Ernest J., Jr. [R-OK-5]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Sponsor introductory remarks on measure. (CR E2144)(2002-11-22)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to increase, from $3,000 to $20,000 (and from $1,500 to $10,000 for a married individual filing a separate return), the limitation on capital losses an individual may deduct against ordinary income. Adjusts amounts for inflation.…

Summarized by Claude AI · Non-partisan · For informational purposes only