CAPITAL LOSS: The loss that results from the sale of a capital asset, such as real estate, a house, jewelry or stocks and bonds. Also the loss that results from an unpaid, non-business (personal) loan.
Capital loss
Definition
: the amount by which the book value of a capital asset exceeds the amount realized from the sale or exchange of the asset
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A lender who made a personal loan that has become a bad debt may deduct it as a short-term capital loss.
less allowable adjustments that, in part, include Individual Retirement Account contributions, alimony payments, unreimbursed business expenses and Capital Losses up to $3,000) less itemized or standard deductions and the total of personal ...
"A security's purchase and sale either within a short period of time (typically thirty days) or simultaneously. If a wash sale occurs, the taxpayer cannot deduct any capital losses on the sale.
 See also: State, Service, Security, Attorn, Person
  
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