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H.R. 7123, The Middle Class Investor Relief Act
- This item is from the 110th Congress (2007-2008) and is no longer current. Comments, voting, and wiki editing have been disabled, and the cost/savings estimate has been frozen.
- This bill, or a similar bill, was reintroduced in the current Congress as H.R. 884, The Middle Class Investor Relief Act.
Version saved on September 27, 2008, 07:30:38, by webmaster:
H.R. 7123 would amend the Internal Revenue Code of 1986 to increase the limitation on the capital loss carryovers of individuals to $20,000.
Detailed Summary
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Status of the Legislation
Latest Major Action: 9/26/2008: Referred to House committee. Status: Referred to the House Committee on Ways and Means.
Points in Favor
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Points Against
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Visitor Comments
alan weintraub
November 19, 2008, 7:31pm (report abuse)it is about time!! this section of the code (and the 3K limit) has not changed since 1976!! adjusting for inflation, 20K is just about right.