capital loss
A term to know.
Loss resulting from the sale or exchange of a capital asset (e.g., the adjusted or tax basis of an asset exceeds its fair market value). For individuals, capital losses off-set capital gains and if the taxpayer has excess capital losses, the loss can be carried over and deducted in full in later years up to $3,000 per year against ordinary taxable income and against future capital gains.
Synonyms:
capital losses
Synonyms list
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capital losses