To amend the Internal Revenue Code of 1986 to allow gain recognized on the sale of a principal residence to be reduced by the aggregate losses which were not allowed on prior sales of principal residences.
Home Sale Tax Fairness Act of 1991 - Amends the Internal Revenue Code to allow gain recognized on the sale of a principal residence to be reduced by the aggregate losses sustained on the sale or exchange after December 31, 1990, which were not allowed on prior sales of principal residences by reason of the limitation on losses due to casualty or theft.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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