§ 1211. Limitation on capital losses
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/usc/title-26/section-1211A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Corporations In the case of a corporation, losses from sales or exchanges of capital assets shall be allowed only to the extent of gains from such sales or exchanges.
(b)Other taxpayers In the case of a taxpayer other than a corporation, losses from sales or exchanges of capital assets shall be allowed only to the extent of the gains from such sales or exchanges, plus (if such losses exceed such gains) the lower of—
(1)$3,000 ($1,500 in the case of a married individual filing a separate return), or
(2)the excess of such losses over such gains.
(Aug. 16, 1954, ch. 736, 68A Stat. 321; Pub. L. 91–172, title V, § 513(a), Dec. 30, 1969, 83 Stat. 642; Pub. L. 94–455, title V, § 501(b)(6), title XIV, § 1401(a), (b), Oct. 4, 1976, 90 Stat. 1559, 1731; Pub. L. 95–30, title I, § 102(b)(14), May 23, 1977, 91 Stat. 138; Pub. L. 99–514, title III, § 301(b)(10), Oct. 22, 1986, 100 Stat. 2217.)
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- Aug. 16, 1954, ch. 736
- 68A Stat. 321
- Pub. L. 91–172, title V, § 513(a)
- 83 Stat. 642
- Pub. L. 94–455, title V, § 501(b)(6)
- 90 Stat. 1559
- Pub. L. 95–30, title I, § 102(b)(14)
- 91 Stat. 138
- Pub. L. 99–514, title III, § 301(b)(10)
- 100 Stat. 2217
- Pub. L. 99–514
- Pub. L. 95–30
- Pub. L. 94–455, § 1401(a)
- Pub. L. 94–455, § 1401(b)
- Pub. L. 94–455, § 501(b)(6)
- Pub. L. 91–172
- section 301(c) of Pub. L. 99–514
- section 106(a) of Pub. L. 95–30
- section 501(b)(6) of Pub. L. 94–455
- section 508 of Pub. L. 94–455
- Pub. L. 94–455, title XIV, § 1401(c)
- 90 Stat. 1731
- Pub. L. 91–172, title V, § 513(d)
- 83 Stat. 643
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§ 1211
Limitation on capital losses
Stat.×5
U.S.C.×2
ActAug. 16, 1954, ch. 736
Stat.68A Stat. 321
Pub. L.Pub. L. 91–172, title V, § 513(a)
Stat.83 Stat. 642
Pub. L.Pub. L. 94–455, title V, § 501(b)(6)
Cites 27 · showing 8Cited by 7 across 2 sources