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HR 1026 105th Congress House Taxation Capital gains tax Home ownership Housing and Community Development Housing finance Income tax Losses Personal income tax Tax deductions

To amend the Internal Revenue Code of 1986 to allow a capital loss deduction with respect to the sale of a principal residence.

Introduced: March 11, 1997 See on congress.gov
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This bill died when the 105th Congress ended
It never became law before the 105th Congress (1997–1998) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 11, 1997
Referred to the House Committee on Ways and Means.
Mar 11, 1997
Sponsor introductory remarks on measure. (CR E429)
Mar 11, 1997
Introduced in House
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 Plain-English summary Congressional Research Service

Allows an individual to deduct losses arising from the sale or exchange of the taxpayer's principal residence.

What's happening now March 11, 1997

Referred to the House Committee on Ways and Means.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 3
All 3 Democratic 1 Republican 2
R
Smith, Christopher H.
New Jersey · Jul 22, 1997
 D
Lofgren, Zoe
California · Jun 4, 1997
 R
Graham, Lindsey
South Carolina · Apr 9, 1997
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1026: To amend the Internal Revenue Code of 1986 to allow a capital loss deduction with respect to the sale of a principal residence.. 105th Congress. Open America. https://openamerica.io/bill/105-HR-1026/
MLA
"H.R. 1026: To amend the Internal Revenue Code of 1986 to allow a capital loss deduction with respect to the sale of a principal residence.." 105th Congress, 2026, Open America, https://openamerica.io/bill/105-HR-1026/.
Bluebook (legal)
H.R. 1026, 105th Cong. (2026), https://openamerica.io/bill/105-HR-1026/.
Markdown link
[H.R. 1026: To amend the Internal Revenue Code of 1986 to allow a capital loss deduction with respect to the sale of a principal residence.](https://openamerica.io/bill/105-HR-1026/)
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