OBBB (allegedly) increases $3,000 capital loss deduction; makes EBL limit permanent

ChatGPT "read" the OBBB and hallucinated. EBL limit is here to stay.

Is the fire ChatGPT? Is it the One Big Beautiful Bill Act? Is it the Internal Revenue Code?

Like everyone in wealth management, I dutifully downloaded the text of H.R.1 - One Big Beautiful Bill Act 119th Congress (2025-2026), dumped it into ChatGPT, and prepared my groundbreaking, thought-leadership analysis.

I began with my punching bag, the §1211 $3,00…