long-term loss

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Long-term loss

A loss on the sale of a capital asset held less than 12 months that can be used to offset a capital gain.

Long-Term Loss

A loss on a security one holds for longer than one year, or a loss from the sale of a capital asset. In both cases, a long-term loss may be used to offset a long-term gain in order to reduce one's tax liability for that year. Additionally, one may carry forward the first $3,000 of a long-term loss to a different tax year, giving one an even lower tax liability.

long-term loss

Losses on real property sold more than one year after purchase. Compare with long-term capital gains, which are profits earned on real property sold more than one year after purchase.Long-term losses must be deducted against long-term gains.

References in periodicals archive ?
But we can't be short sighted on this as a cost saving now could end in a long term loss if standards fall and fewer people are attracted to the area.
Up to 20 percent of critically ill patients experience AKI during the course of their illness, which can result in longer hospital stays, long term loss of function and diminished quality of life, and in the most severe cases loss of life.
The short term benefit of fixing prices (if any) does not justify the long term loss caused by such anti competitive policies, it said.
Helping our customers understand their long term loss potential.
By extending the loan of Bristol City teenager Jennison Myrie-Williams until the end of the season, Moore hopes he has covered the long term loss of Steve Davies, recovering from cruciate ligament damage sustained in September.
These include people who are blind or partially sighted, deaf, without speech, have a disability or injury which has a substantial and long term adverse effect on ability to walk, does not have arms, or long term loss of both arms, has a learning disability, or would be refused a driving licence other than on the grounds of persistent drug or alcohol misuse.
Despite the long term loss of Kerr with cruciate ligament damage and the imminent transfer of Gary Bollan to Clyde, the former Rangers man hopes his squad is strong enough.
The tragic events of September 11, which have resulted in short term as well as the potential long term loss of advertising revenues coupled with the increase in costs associated with additional resources in its news gathering operations clearly had an impact on AOL Time Warner (AOLTW) and will cause the company to miss its previously stated financial targets of $40 billion in revenues and $11 billion in EBITDA for 2001.
NEW YORK--(BUSINESS WIRE)--June 18, 1998--As previously disclosed during ContiFinancial Corporation's (NYSE:CFN) quarterly conference calls, ContiMortgage Corporation, its wholly-owned subsidiary, has devoted significant resources to the development and implementation of a long term loss mitigation strategy for its REMIC servicing portfolio.

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