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Tax Loss
(redirected from tax losses)

   Also found in: Dictionary/thesaurus 0.01 sec.
Tax Loss
A loss of value that results in a tax deduction. A tax loss may be a business loss or it may be the loss of a personal asset such as a house. For example, the amount one spends repairing a car after a wreck may be a tax loss.

In order to qualify as deductible, the loss must not be covered by insurance and (for the loss of an asset) must be the result of a real disaster such as theft. Gradual damage generally does not qualify.


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For those who strongly believe that there is still much more losses to endure, then by all means, take your tax losses - and use the money to short the market, you MIGHT be a big winner.
5%, as such an accumulation could, under current tax laws, adversely affect the use of the tax losses.
5%, as such an accumulation under current tax laws could adversely affect the use of the tax losses.
 
 
 
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