HR 4661 · 110th Congress · Taxation

To amend the Internal Revenue Code of 1986 to increase the limitation on capital loss applicable to individuals.

Introduced 2007-12-13· Sponsored by Rep. Kagen, Steve [D-WI-8]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2007-12-13)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

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