HR 1070 · 111th Congress · Taxation

To amend the Internal Revenue Code of 1986 to increase the limitation on the capital loss carryovers of individuals to $10,000.

Introduced 2009-02-13· Sponsored by Rep. Jones, Walter B., Jr. [R-NC-3]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2009-02-13)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

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