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:

    “Oh, a capital ship for an ocean trip,
    Was the Walloping Window Blind;
    No gale that blew dismayed her crew
    Or troubled the captain’s mind.”
    —Charles Edward Carryl (1841–1920)

    “California is a place in which a boom mentality and a sense of Chekhovian loss meet in uneasy suspension; in which the mind is troubled by some buried but ineradicable suspicion that things had better work here, because here, beneath that immense bleached sky, is where we run out of continent.”
    —Joan Didion (b. 1935)