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:

    “Capital as such is not evil; it is its wrong use that is evil. Capital in some form or other will always be needed.”
    —Mohandas K. Gandhi (1869–1948)

    “Love seeketh only self to please,
    To bind another to its delight,
    Joys in another’s loss of ease,
    And builds a Hell in Heaven’s despite.”
    —William Blake (1757–1827)