loading…

us/statute/26/1211/b — Other taxpayers · Axiom

Other taxpayers

5 rulesAll 2 subsections

In the case of a taxpayer other than a corporation, losses from sales or exchanges of capital assets shall be allowed only to the extent of the gains from such sales or exchanges, plus (if such losses exceed such gains) the lower of—

(1)

(1)∀ 3#

$3,000 ($1,500 in the case of a married individual filing a separate return), or

(2)∀ 1#

the excess of such losses over such gains.

in view

Whole section

Encodings · 5

other_taxpayer_capital_loss_limit26 USC § 1211 (b) (1) · parameter

26 USC 1211(b)(1)

name: other_taxpayer_capital_loss_limit
kind: parameter
dtype: Money
unit: USD
source: 26 USC 1211(b)(1)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: amount
        source:
          corpus_citation_path: us/statute/26/1211
          excerpt: $3,000
versions:
  - effective_from: '1990-01-01'
    formula: '3000'

open in graph ↗

married_separate_capital_loss_limit26 USC § 1211 (b) (1) · parameter

26 USC 1211(b)(1)

name: married_separate_capital_loss_limit
kind: parameter
dtype: Money
unit: USD
source: 26 USC 1211(b)(1)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: amount
        source:
          corpus_citation_path: us/statute/26/1211
          excerpt: $1,500 in the case of a married individual filing a separate return
versions:
  - effective_from: '1990-01-01'
    formula: '1500'

open in graph ↗

other_taxpayer_capital_loss_limit_by_filing_status26 USC § 1211 (b) (1) · derived

26 USC 1211(b)(1)

name: other_taxpayer_capital_loss_limit_by_filing_status
kind: derived
entity: TaxUnit
dtype: Money
period: Year
unit: USD
source: 26 USC 1211(b)(1)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: condition
        source:
          corpus_citation_path: us/statute/26/1211
          excerpt: >-
            $3,000 ($1,500 in the case of a married individual filing a separate
            return)
versions:
  - effective_from: '1990-01-01'
    formula: |-
      match filing_status:
          2 => married_separate_capital_loss_limit
          0 => other_taxpayer_capital_loss_limit
          1 => other_taxpayer_capital_loss_limit
          3 => other_taxpayer_capital_loss_limit
          4 => other_taxpayer_capital_loss_limit

open in graph ↗

capital_losses_excess_over_gains26 USC § 1211 (b) (2) · derived

26 USC 1211(b)(2)

name: capital_losses_excess_over_gains
kind: derived
entity: TaxUnit
dtype: Money
period: Year
unit: USD
source: 26 USC 1211(b)(2)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: definition
        source:
          corpus_citation_path: us/statute/26/1211
          excerpt: the excess of such losses over such gains
versions:
  - effective_from: '1990-01-01'
    formula: >-
      max(0, losses_from_sales_or_exchanges_of_capital_assets -
      gains_from_sales_or_exchanges_of_capital_assets)

open in graph ↗

other_taxpayer_capital_losses_allowed26 USC § 1211 (b) · derived

26 USC 1211(b)

name: other_taxpayer_capital_losses_allowed
kind: derived
entity: TaxUnit
dtype: Money
period: Year
unit: USD
source: 26 USC 1211(b)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: formula
        source:
          corpus_citation_path: us/statute/26/1211
          excerpt: >-
            losses from sales or exchanges of capital assets shall be allowed
            only to the extent of the gains from such sales or exchanges, plus
            (if such losses exceed such gains) the lower of
versions:
  - effective_from: '1990-01-01'
    formula: |-
      min(
          max(0, losses_from_sales_or_exchanges_of_capital_assets),
          max(0, gains_from_sales_or_exchanges_of_capital_assets)
          + min(
              other_taxpayer_capital_loss_limit_by_filing_status,
              capital_losses_excess_over_gains
          )
      )

open in graph ↗

▸rulespec code

Shown source

statutes/26/1211.yaml

Displaying the canonical repository encoding.

This encoding covers the parent provision us/statute/26/1211; no dedicated encoding exists for this exact provision yet.

View on GitHub

Rules

other_taxpayer_capital_loss_limit

Parameter(1) in text ↖

source: 26 USC 1211(b)(1)

- name: other_taxpayer_capital_loss_limit
  kind: parameter
  dtype: Money
  unit: USD
  source: 26 USC 1211(b)(1)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us/statute/26/1211
            excerpt: $3,000
  versions:
    - effective_from: '1990-01-01'
      formula: '3000'

married_separate_capital_loss_limit

Parameter(1) in text ↖

source: 26 USC 1211(b)(1)

- name: married_separate_capital_loss_limit
  kind: parameter
  dtype: Money
  unit: USD
  source: 26 USC 1211(b)(1)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us/statute/26/1211
            excerpt: $1,500 in the case of a married individual filing a separate return
  versions:
    - effective_from: '1990-01-01'
      formula: '1500'

other_taxpayer_capital_loss_limit_by_filing_status

Derived(1) in text ↖

source: 26 USC 1211(b)(1)

- name: other_taxpayer_capital_loss_limit_by_filing_status
  kind: derived
  entity: TaxUnit
  dtype: Money
  period: Year
  unit: USD
  source: 26 USC 1211(b)(1)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/26/1211
            excerpt: $3,000 ($1,500 in the case of a married individual filing a separate return)
  versions:
    - effective_from: '1990-01-01'
      formula: |-
        match filing_status:
            2 => married_separate_capital_loss_limit
            0 => other_taxpayer_capital_loss_limit
            1 => other_taxpayer_capital_loss_limit
            3 => other_taxpayer_capital_loss_limit
            4 => other_taxpayer_capital_loss_limit

capital_losses_excess_over_gains

Derived(2) in text ↖

source: 26 USC 1211(b)(2)

- name: capital_losses_excess_over_gains
  kind: derived
  entity: TaxUnit
  dtype: Money
  period: Year
  unit: USD
  source: 26 USC 1211(b)(2)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: definition
          source:
            corpus_citation_path: us/statute/26/1211
            excerpt: the excess of such losses over such gains
  versions:
    - effective_from: '1990-01-01'
      formula: >-
        max(0, losses_from_sales_or_exchanges_of_capital_assets -
        gains_from_sales_or_exchanges_of_capital_assets)

corporation_capital_losses_allowed

Derived

source: 26 USC 1211(a)

- name: corporation_capital_losses_allowed
  kind: derived
  entity: Corporation
  dtype: Money
  period: Year
  unit: USD
  source: 26 USC 1211(a)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us/statute/26/1211
            excerpt: >-
              losses from sales or exchanges of capital assets shall be allowed only to the extent
              of gains from such sales or exchanges
  versions:
    - effective_from: '1990-01-01'
      formula: |-
        min(
            max(0, losses_from_sales_or_exchanges_of_capital_assets),
            max(0, gains_from_sales_or_exchanges_of_capital_assets)
        )

other_taxpayer_capital_losses_allowed

Derived

source: 26 USC 1211(b)

- name: other_taxpayer_capital_losses_allowed
  kind: derived
  entity: TaxUnit
  dtype: Money
  period: Year
  unit: USD
  source: 26 USC 1211(b)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us/statute/26/1211
            excerpt: >-
              losses from sales or exchanges of capital assets shall be allowed only to the extent
              of the gains from such sales or exchanges, plus (if such losses exceed such gains) the
              lower of
  versions:
    - effective_from: '1990-01-01'
      formula: |-
        min(
            max(0, losses_from_sales_or_exchanges_of_capital_assets),
            max(0, gains_from_sales_or_exchanges_of_capital_assets)
            + min(
                other_taxpayer_capital_loss_limit_by_filing_status,
                capital_losses_excess_over_gains
            )
        )

loading…

Other taxpayers

5 rulesAll 2 subsections

Official source

graph ↗build calculator ↗

(1)

(1)∀ 3#

$3,000 ($1,500 in the case of a married individual filing a separate return), or

(2)∀ 1#

the excess of such losses over such gains.

in view

Whole section

Encodings · 5

other_taxpayer_capital_loss_limit26 USC § 1211 (b) (1) · parameter

26 USC 1211(b)(1)

name: other_taxpayer_capital_loss_limit
kind: parameter
dtype: Money
unit: USD
source: 26 USC 1211(b)(1)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: amount
        source:
          corpus_citation_path: us/statute/26/1211
          excerpt: $3,000
versions:
  - effective_from: '1990-01-01'
    formula: '3000'

open in graph ↗

married_separate_capital_loss_limit26 USC § 1211 (b) (1) · parameter

26 USC 1211(b)(1)

name: married_separate_capital_loss_limit
kind: parameter
dtype: Money
unit: USD
source: 26 USC 1211(b)(1)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: amount
        source:
          corpus_citation_path: us/statute/26/1211
          excerpt: $1,500 in the case of a married individual filing a separate return
versions:
  - effective_from: '1990-01-01'
    formula: '1500'

open in graph ↗

other_taxpayer_capital_loss_limit_by_filing_status26 USC § 1211 (b) (1) · derived

26 USC 1211(b)(1)

name: other_taxpayer_capital_loss_limit_by_filing_status
kind: derived
entity: TaxUnit
dtype: Money
period: Year
unit: USD
source: 26 USC 1211(b)(1)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: condition
        source:
          corpus_citation_path: us/statute/26/1211
          excerpt: >-
            $3,000 ($1,500 in the case of a married individual filing a separate
            return)
versions:
  - effective_from: '1990-01-01'
    formula: |-
      match filing_status:
          2 => married_separate_capital_loss_limit
          0 => other_taxpayer_capital_loss_limit
          1 => other_taxpayer_capital_loss_limit
          3 => other_taxpayer_capital_loss_limit
          4 => other_taxpayer_capital_loss_limit

open in graph ↗

capital_losses_excess_over_gains26 USC § 1211 (b) (2) · derived

26 USC 1211(b)(2)

name: capital_losses_excess_over_gains
kind: derived
entity: TaxUnit
dtype: Money
period: Year
unit: USD
source: 26 USC 1211(b)(2)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: definition
        source:
          corpus_citation_path: us/statute/26/1211
          excerpt: the excess of such losses over such gains
versions:
  - effective_from: '1990-01-01'
    formula: >-
      max(0, losses_from_sales_or_exchanges_of_capital_assets -
      gains_from_sales_or_exchanges_of_capital_assets)

open in graph ↗

other_taxpayer_capital_losses_allowed26 USC § 1211 (b) · derived

26 USC 1211(b)

name: other_taxpayer_capital_losses_allowed
kind: derived
entity: TaxUnit
dtype: Money
period: Year
unit: USD
source: 26 USC 1211(b)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: formula
        source:
          corpus_citation_path: us/statute/26/1211
          excerpt: >-
            losses from sales or exchanges of capital assets shall be allowed
            only to the extent of the gains from such sales or exchanges, plus
            (if such losses exceed such gains) the lower of
versions:
  - effective_from: '1990-01-01'
    formula: |-
      min(
          max(0, losses_from_sales_or_exchanges_of_capital_assets),
          max(0, gains_from_sales_or_exchanges_of_capital_assets)
          + min(
              other_taxpayer_capital_loss_limit_by_filing_status,
              capital_losses_excess_over_gains
          )
      )

open in graph ↗

▸rulespec code

Shown source

statutes/26/1211.yaml

Displaying the canonical repository encoding.

This encoding covers the parent provision us/statute/26/1211; no dedicated encoding exists for this exact provision yet.

View on GitHub

Rules

other_taxpayer_capital_loss_limit

Parameter(1) in text ↖

source: 26 USC 1211(b)(1)

- name: other_taxpayer_capital_loss_limit
  kind: parameter
  dtype: Money
  unit: USD
  source: 26 USC 1211(b)(1)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us/statute/26/1211
            excerpt: $3,000
  versions:
    - effective_from: '1990-01-01'
      formula: '3000'

married_separate_capital_loss_limit

Parameter(1) in text ↖

source: 26 USC 1211(b)(1)

- name: married_separate_capital_loss_limit
  kind: parameter
  dtype: Money
  unit: USD
  source: 26 USC 1211(b)(1)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us/statute/26/1211
            excerpt: $1,500 in the case of a married individual filing a separate return
  versions:
    - effective_from: '1990-01-01'
      formula: '1500'

other_taxpayer_capital_loss_limit_by_filing_status

Derived(1) in text ↖

source: 26 USC 1211(b)(1)

- name: other_taxpayer_capital_loss_limit_by_filing_status
  kind: derived
  entity: TaxUnit
  dtype: Money
  period: Year
  unit: USD
  source: 26 USC 1211(b)(1)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/26/1211
            excerpt: $3,000 ($1,500 in the case of a married individual filing a separate return)
  versions:
    - effective_from: '1990-01-01'
      formula: |-
        match filing_status:
            2 => married_separate_capital_loss_limit
            0 => other_taxpayer_capital_loss_limit
            1 => other_taxpayer_capital_loss_limit
            3 => other_taxpayer_capital_loss_limit
            4 => other_taxpayer_capital_loss_limit

capital_losses_excess_over_gains

Derived(2) in text ↖

source: 26 USC 1211(b)(2)

- name: capital_losses_excess_over_gains
  kind: derived
  entity: TaxUnit
  dtype: Money
  period: Year
  unit: USD
  source: 26 USC 1211(b)(2)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: definition
          source:
            corpus_citation_path: us/statute/26/1211
            excerpt: the excess of such losses over such gains
  versions:
    - effective_from: '1990-01-01'
      formula: >-
        max(0, losses_from_sales_or_exchanges_of_capital_assets -
        gains_from_sales_or_exchanges_of_capital_assets)

corporation_capital_losses_allowed

Derived

source: 26 USC 1211(a)

- name: corporation_capital_losses_allowed
  kind: derived
  entity: Corporation
  dtype: Money
  period: Year
  unit: USD
  source: 26 USC 1211(a)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us/statute/26/1211
            excerpt: >-
              losses from sales or exchanges of capital assets shall be allowed only to the extent
              of gains from such sales or exchanges
  versions:
    - effective_from: '1990-01-01'
      formula: |-
        min(
            max(0, losses_from_sales_or_exchanges_of_capital_assets),
            max(0, gains_from_sales_or_exchanges_of_capital_assets)
        )

other_taxpayer_capital_losses_allowed

Derived

source: 26 USC 1211(b)

- name: other_taxpayer_capital_losses_allowed
  kind: derived
  entity: TaxUnit
  dtype: Money
  period: Year
  unit: USD
  source: 26 USC 1211(b)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us/statute/26/1211
            excerpt: >-
              losses from sales or exchanges of capital assets shall be allowed only to the extent
              of the gains from such sales or exchanges, plus (if such losses exceed such gains) the
              lower of
  versions:
    - effective_from: '1990-01-01'
      formula: |-
        min(
            max(0, losses_from_sales_or_exchanges_of_capital_assets),
            max(0, gains_from_sales_or_exchanges_of_capital_assets)
            + min(
                other_taxpayer_capital_loss_limit_by_filing_status,
                capital_losses_excess_over_gains
            )
        )