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)

    “No amount of skill on the part of the actress can make up for the loss of youth.”
    —Ellen Terry (1847–1928)