Capital Loss

Capital loss is the difference between a lower selling price and a higher purchase price, resulting in a financial loss for the seller. The IRS states that "If your capital losses exceed your capital gains, the excess can be deducted on your tax return".

Famous quotes containing the words capital and/or loss:

    “I still need more healthy rest in order to work at my best. My health is the main capital I have and I want to administer it intelligently.”
    —Ernest Hemingway (1899–1961)

    “A little cooling down of animal excitability and instinct, a little loss of animal toughness, a little irritable weakness and descent of the pain-threshold, will bring the worm at the core of all our usual springs of delight into full view, and turn us into melancholy metaphysicians.”
    —William James (1842–1910)