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:
“Imperialism is capitalism at that stage of development at which the dominance of monopolies and finance capitalism is established; in which the export of capital has acquired pronounced importance; in which the division of the world among the international trusts has begun, in which the division of all territories of the globe among the biggest capitalist powers has been completed.”
—Vladimir Ilyich Lenin (1870–1924)
“I have never worked for fame or praise, and shall not feel their loss as I otherwise would. I have never for a moment lost sight of the humble life I was born to, its small environments, and the consequently little right I had to expect much of myself, and shall have the less to censure, or upbraid myself with for the failures I must see myself make.”
—Clara Barton (1821–1912)