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)

    “A little cooling down of animal excitability and instinct, a little loss of animal toughness, a little irritable weakness and descent of the pain-threshold, will bring the worm at the core of all our usual springs of delight into full view, and turn us into melancholy metaphysicians.”
    —William James (1842–1910)