From bf6332a080a4ae16c3299cc5dfe8f71c58db7ac6 Mon Sep 17 00:00:00 2001 From: jdebacker Date: Fri, 1 Dec 2023 14:10:01 -0500 Subject: [PATCH] add note about data limitations on capital loss limit param --- taxcalc/policy_current_law.json | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/taxcalc/policy_current_law.json b/taxcalc/policy_current_law.json index a7f79ada7..040a241ef 100644 --- a/taxcalc/policy_current_law.json +++ b/taxcalc/policy_current_law.json @@ -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,