Skip to content

Commit

Permalink
add note about data limitations on capital loss limit param
Browse files Browse the repository at this point in the history
  • Loading branch information
jdebacker committed Dec 1, 2023
1 parent 90ab1c0 commit bf6332a
Showing 1 changed file with 1 addition and 1 deletion.
2 changes: 1 addition & 1 deletion taxcalc/policy_current_law.json
Original file line number Diff line number Diff line change
Expand Up @@ -7045,7 +7045,7 @@
"Capital_loss_limitation": {
"title": "Limitation on the amount of capital losses deductible ",
"description": "The amount of capital loss deductions is limited to this dollar amount.",
"notes": "",
"notes": "Note that some datasets may limit the usefulness of this parameter. For example the IRS Public Use File (PUF) does not report capital losses in excess of the current law limitation (e.g., $,3000) and therefore setting a higher limit will not affect results.",
"section_1": "Capital Gains And Dividends",
"section_2": "Regular - Long Term Capital Gains And Qualified Dividends",
"indexable": true,
Expand Down

0 comments on commit bf6332a

Please sign in to comment.