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 should not regret a fair and full trial of the entire abolition of capital punishment.”
    —James Madison (1751–1836)

    “The cheapness of man is every day’s tragedy. It is as real a loss that others should be low, as that we should be low; for we must have a society.”
    —Ralph Waldo Emerson (1803–1882)