HR 1857 · 111th Congress · Taxation

To amend the Internal Revenue Code of 1986 to increase the limitation on the allowance of capital losses of taxpayers other than corporations.

Introduced 2009-04-01· Sponsored by Rep. Marchant, Kenny [R-TX-24]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2009-04-01)

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, adjusted for inflation after 2009 ($5,000 for married individuals filing a separate tax return).…

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