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1.202 -Deduction of Capital Losses Against Interest and Dividend Income

Item	Description	FY2009	FY2010	FY2011
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.