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)

    “Unfortunately, I am involved in a freedom ride protesting the loss of the minority rights belonging to the few remaining earthbound stars. All we demanded was our right to twinkle.”
    —Marilyn Monroe (1926–1962)