H.R. 2049 · 112th Congress
To amend the Internal Revenue Code of 1986 to increase the limitation on capital losses to $10,500 and to…
Full title
To amend the Internal Revenue Code of 1986 to increase the limitation on capital losses to $10,500 and to index such limitation to inflation.
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Never voted on. It didn't reach a floor vote before the 112th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
SensenbrennerSponsorNo cosponsors.
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 $10,500 (50% of such amount for married individuals filing a separate tax return), adjusted for inflation after 2011.
What it does: CRS summary · Introduced in House · May 26, 2011
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 $10,500 (50% of such amount for married individuals filing a separate tax return), adjusted for inflation after 2011.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: To amend the Internal Revenue Code of 1986 to increase the limitation on capital losses to $10,500 and to index such limitation to inflation.
Latest action (May 26, 2011): Referred to the House Committee on Ways and Means.
Policy area: Taxation · Origin: House · Introduced: May 26, 2011
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.