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H.R. 3640

BillFederalHouseIn Committee
To amend the Internal Revenue Code of 1986 to extend and expand the first-time homebuyers credit and to provide a loss deduction on the sale of a principal residence.
About This Bill
Committee
Latest Action · September 24, 2009
Referred to the House Committee on Ways and Means.
Introduced
September 24, 2009
Cosponsors (3)
3D 0R
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Summary

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Amends the Internal Revenue Code relating to the first-time homebuyer tax credit to: (1) extend such credit to all purchasers of a principal residence; (2) limit the credit to one sale or exchange of a principal residence; and (3) extend such credit through November 30, 2010. Allows individual taxpayers a tax deduction through 2010 for losses from the sale or exchange of a principal residence.

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