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H.R. 7123, The Middle Class Investor Relief Act (1 comment ↓)
- This item is from the 110th Congress (2007-2008) and is no longer current.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.
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.
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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.