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:

    “We make needless ado about capital punishment,—taking lives, when there is no life to take.”
    —Henry David Thoreau (1817–1862)

    “The loss of my sight was a great fillip. If I could go deaf and dumb I think I might pant on to be a hundred.”
    —Samuel Beckett (1906–1989)