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HR 535 105th Congress House

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

Introduced: February 4, 1997 See on congress.gov
Taxation Capital gains taxHome ownershipHousing and Community DevelopmentHousing finance
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Income taxLossesPersonal income taxTax deductions
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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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 4, 1997
Referred to the House Committee on Ways and Means.
Feb 4, 1997
Introduced in House
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 Latest action February 4, 1997

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

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

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 3
All 3 Democratic 3
D
Clyburn, James E.
South Carolina · May 8, 1997
 D
DeLauro, Rosa L.
Connecticut · Feb 4, 1997
 D
Norton, Eleanor Holmes
District of Columbia · Feb 4, 1997
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 535: To amend the Internal Revenue Code of 1986 to allow a capital loss deduction with respect to the sale or exchange of a principal residence.. 105th Congress. Open America. https://openamerica.io/bill/105-HR-535/
MLA
"H.R. 535: To amend the Internal Revenue Code of 1986 to allow a capital loss deduction with respect to the sale or exchange of a principal residence.." 105th Congress, 2026, Open America, https://openamerica.io/bill/105-HR-535/.
Bluebook (legal)
H.R. 535, 105th Cong. (2026), https://openamerica.io/bill/105-HR-535/.
Markdown link
[H.R. 535: To amend the Internal Revenue Code of 1986 to allow a capital loss deduction with respect to the sale or exchange of a principal residence.](https://openamerica.io/bill/105-HR-535/)
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