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:
“Like cellulite creams or hair-loss tonics, capital punishment is one of those panaceas that isn’t. Only it costs a whole lot more.”
—Anna Quindlen (b. 1952)
“One has but to observe a community of beavers at work in a stream to understand the loss in his sagacity, balance, co-operation, competence, and purpose which Man has suffered since he rose up on his hind legs.... He began to chatter and he developed Reason, Thought, and Imagination, qualities which would get the smartest group of rabbits or orioles in the world into inextricable trouble overnight.”
—James Thurber (1894–1961)