1.202 -Deduction of Capital Losses Against Interest and Dividend Income
Item | Description | FY2010 | FY2011 | FY2012 |
---|---|---|---|---|
1.202 | Deduction of Capital Losses Against Interest and Dividend Income
Taxpayers may deduct up to $2,000 of net capital loss against interest and dividend income. This limit was reestablished in 2002. Origin: M.G.L. c. 62, S. 2(c)(2) Estimate: N.A. |
N.A. | N.A. | N.A. |
Key:
ORIGIN | |
IRC | Federal Internal Revenue Code (26 U.S.C.) |
---|---|
U.S.C | United States Code |
M.G.L. | Massachusetts General Laws |
Rev. Rul.; C.B. | Revenue Ruling; Cumulative Bulletin of the U.S. Treasury |
ESTIMATES | All estimates are in $ millions. |
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