Home Sale Tax Fairness Act of 1992

Summary

Home Sale Tax Fairness Act of 1992 - Amends the Internal Revenue Code to require gain recognized on the sale or exchange after December 31, 1993, of a principal residence to be reduced by the aggregate losses sustained on the sale or exchange after the date of enactment of this Act of prior principal residences of such individual which were not allowed as a deduction and which were not previously taken into account. Requires brokers to include in their real estate transaction reports information on the portion of any real property tax which is treated as a tax imposed on the purchaser by reason of rules governing the apportionment of taxes on real property between the seller and purchaser.

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Documents

5 official files

• Reported in House (text)

  Reported in House · EN

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• Referred in Senate (text)

  Referred in Senate · EN

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• Introduced in House (text)

  Introduced in House · EN

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• Engrossed in House (text)

  Engrossed in House · EN

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• Introduced in House

  summary · EN · 22 July 1992

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