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:

    “Many of us do not believe in capital punishment, because thus society takes from a man what society cannot give.”
    —Katharine Fullerton Gerould (1879–1944)

    “A gain is no joy, nor a loss any grief.”
    —Chinese proverb.