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:

    “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)

    “This loss of interest, hair, and enterprise ...”
    —Philip Larkin (1922–1986)