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LSDefine

Simple English definitions for legal terms

capital loss

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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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@JumpySubsequentDolphin: LITERALLY I also just applied to work at garage cuz 50% EMPLOYEE DISCOUNT
m10
20:43
Or legacy collection v1
JumpySubsequentDolphin
20:43
@SplitterusClitterus: GARAGE JEANS FIT ME SO WEIRDLY WHICH SUCKS BC THEYRE SO CUTE
m10
20:43
The cool thing about V2 was it was an infinitely generating collection so they would have never sold out but they ended it early cus of the bear market.
@JumpySubsequentDolphin: NAURRR i need to try them on to see. ive never owned anything from them exceot maybe a tank in middle school?? but ive been a longtime lurker/windowshopper/fan
JumpySubsequentDolphin
20:45
SPLITTY if their jeans fit on my thighs they’re too big on my waist!!! it’s so frustrating
NOOO THEIR WHITE GIRL JEANS actually idk why im surprised
THEYRE**** THAT WAS AUTOCORREXT I SWEAR
babycat
20:46
@m10: infinitely generating means it comes up with new pictures? or new copies of the same pictures?
JumpySubsequentDolphin
20:46
if you’re the slightest bit curvy they are so obnoxious. me and my Abercrombie curve love’s are good together
SHUT UP I LOVE ABERCROMBIE JEANS
m10
20:47
Did y'all see this from ararara last night? https://studicata.com/case-briefs/all/
THOSE FIT SOO GOOD. i desperately need new jeans tho i ahvent gone shopping in millennia so a discount would come in clutch
JumpySubsequentDolphin
20:48
I got these jeans from re/done on a crazy sale and I love them BYT RHEY HAVE FIVE BUTTONS
JumpySubsequentDolphin
20:48
I DIDNT REALIZE WHEJ I BOUGHT THEM BC THEYRE HIDDEN. LIKE INSTEAD OF A ZIPPER THEYREBALL BUTTONS
JumpySubsequentDolphin
20:48
what if I have to pee.
THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
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