A bill to amend the Internal Revenue Code of 1954 to permit individuals an itemized deduction for losses incurred in the sale or exchange of certain principal residences.

referredUnited States· United States Congress· EN

Introduced

31 January 1975

Last action

—

Status

Referred to House Committee on Ways and Means.

Summary

Permits individuals an itemized tax deduction under the Internal Revenue Code of 1954 for losses incurred in the sale or exchange of principal residences owned and used by the taxpayer for periods aggregating 5 years out of the 8 years preceding the sale.

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Votes

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Versions

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Documents

1 official file

Introduced in House
summary · EN · 31 January 1975
Open at official source

Related records

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Sources

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Official source: https://www.congress.gov/bill/94th-congress/house-bill/2528
Open data entity: https://api.congress.gov/v3/bill/94/hr/2528