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:

    “There is no private house in which people can enjoy themselves so well as at a capital tavern.... No, Sir; there is nothing which has yet been contrived by man by which so much happiness is produced as by a good tavern or inn.”
    —Samuel Johnson (1709–1784)

    “Upset at the young wife’s
    first loss of virtue
    in a riverside thicket,
    a flock of birds
    flies up,
    mourning the loss
    with their wings.”
    —Hla Stavhana (c. 50 A.D.)