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LSDefine

Simple English definitions for legal terms

capital loss

Read a random definition: supersedeas bond

A quick definition of capital loss:

A capital loss is when you lose money by selling something that you own, like a house or a stock. It happens when you sell it for less than what you paid for it. For example, if you bought a stock for $100 and sold it for $80, you would have a capital loss of $20. This can affect your taxes and how much money you owe. It's important to keep track of your capital gains and losses so you can report them correctly to the government.

A more thorough explanation:

A capital loss is a decrease in the value of a capital asset when it is sold or exchanged. It is the opposite of a capital gain, which is an increase in value. The amount of the loss is calculated by subtracting the selling price from the original cost of the asset.

For example, if you bought a stock for $1,000 and sold it for $800, you would have a capital loss of $200.

Capital losses can be used to offset capital gains for tax purposes. If you have more capital losses than gains in a year, you can use the excess losses to reduce your taxable income by up to $3,000. Any remaining losses can be carried forward to future years.

Other types of losses include:

  • Actual loss: A loss resulting from the real and substantial destruction of insured property.
  • Consequential loss: A loss arising from the results of damage rather than from the damage itself.
  • Constructive total loss: Such serious damage to the insured property that the cost of repairs would exceed the value of the thing repaired.
  • Hobby loss: A nondeductible loss arising from a personal hobby, as contrasted with an activity engaged in for profit.

These examples illustrate the definition of capital loss by showing how it is calculated and used for tax purposes. They also demonstrate other types of losses that may be encountered in different contexts.

capital leverage | capital market

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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