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:

    “In bourgeois society capital is independent and has individuality, while the living person is dependent and has no individuality.”
    —Karl Marx (1818–1883)

    “If but some vengeful god would call to me
    From up the sky, and laugh: “Thou suffering thing,
    Know that thy sorrow is my ecstasy,
    That thy love’s loss is my hate’s profiting!””
    —Thomas Hardy (1840–1928)