United States · Bill · HR
H.R. 7975 (93rd)
A bill to allow individuals a limited carryback of capital losses sustained upon the sale of securities received in certain taxable exchanges.
Introduced
21 May 1973
Last action
—
Status
Referred to House Committee on Ways and Means.
Sponsors
—
Subjects
Discovery layer
Source updated
1 August 2024
Summary
Allows a taxpayer other than a corporation who incurs a loss during the taxable year on the sale or exchange of restricted securities, when sustaining a loss, to take at his election a capital loss carryback to the prior exchange year. Outlines limitations on the taking of such loss and special rules applicable thereto. Defines the term "restricted securities".
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Timeline
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Votes
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Versions
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Documents
1 official file
Introduced in House
summary · EN · 21 May 1973
Sponsors
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Related records
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Sources
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- Official source: https://www.congress.gov/bill/93rd-congress/house-bill/7975
- Open data entity: https://api.congress.gov/v3/bill/93/hr/7975