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:
“It is a capital blunder; as you discover, when another man recites his charities.”
—Ralph Waldo Emerson (1803–1882)
“Somebody who should have been born
is gone.
Yes, woman, such logic will lead
to loss without death. Or say what you meant,
you coward . . . this baby that I bleed.”
—Anne Sexton (1928–1974)