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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
We compromised our territorial sovereignty by giving sanctuary to foreign fighters not realizing long term losses this country would suffer, once the Americans had achieved their objective.
Every project has immediate gains called acute impacts followed by long term losses called chronic impact that surface up in 15 to 20 years' time.
As the farmers reel from the shock of losing their homes and their loved ones from Bopha, some of them take stock of the tremendous impact of their long term losses. While some of them await in long lines for the processing of their loans from farmers cooperatives in New Batn, Maganding, Maco and Nabunturan in Compostela Valley and other similar groups in Davao Oriental and Davao del Norte, some of them take to asking for alms from passing motorists.
It fears the industry could be "critically undermined" by short sighted wholesale and retail pricing policies leaving farmers facing long term losses. It says that in less than five years time, UK retailers and caterers may not be able to rely on imports to top up national supplies and could also struggle to secure home-produced beef.
"The need for cost reductions has arisen from long term losses in the broadband business as well as reduced profitability for the rest of the satellite communications business," Nera said.
Even more important, Congress also raised the percentage of long term losses that could be deducted from 50 percent to 100 percent (subject to the $3000 limit on capital losses deductible against ordinary income).

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