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:
“Labor is prior to, and independent of, capital. Capital is only the fruit of labor, and could never have existed if labor had not first existed. Labor is the superior of capital, and deserves much the higher consideration.”
—Abraham Lincoln (1809–1865)
“Mothers risk alienating their mates if they expect them to hold or care for the baby exactly as they do. Fathers who are constantly criticized or corrected may lose interest in handling the baby, and this is a loss for everyone. The cycle is a dangerous one. Now the same mother feels bitter because she is no longer getting any help at home.”
—Cathy Rindner Tempelsman (20th century)