Money lost when you sell an asset (such as personal property, real estate, etc.) for less than it cost.
Example: Buy a building for $1,000,000, then sell it next year for $950,000. The capital loss is $50,000
Money lost when you sell an asset (such as personal property, real estate, etc.) for less than it cost.
Example: Buy a building for $1,000,000, then sell it next year for $950,000. The capital loss is $50,000