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:

    “The capital is become an overgrown monster; which like a dropsical head, will in time leave the body and extremities without nourishment and support.”
    —Tobias Smollett (1721–1771)

    “No performance is worth loss of geniality. ‘Tis a cruel price we pay for certain fancy goods called fine arts and philosophy.”
    —Ralph Waldo Emerson (1803–1882)