long-term loss

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 ?
Although development of these particular sites would provide some short-term financial gain, there would be long-term loss of the wonderful views of the bay from the Mumbles Road.
Such monies, the argument continues, are not meant for the common good but a means to attain a personal end.INDEPENDENCEBesides damaging specific communities, opponents of such gifts point out that the Church suffers terribly in long-term loss of self-esteem.
The long-term loss of Leigh Griffiths and injuries to Steven Naismith have also been blows.
However, the long-term loss of state dollars remains unchanged with the state renewal of a five-year charter.
Mumbai: The US-based pharma major Pfizer Wednesday said it plans to shut down its manufacturing units in Chennai and Aurangabad in the current fiscal due to very significant long-term loss of product demand.
Digital archiving is subject to the vagaries of long-term loss, migration issues, and considerable costs year-on-year.
It would also mean a long-term loss of $20 billion from Mexico's GDP and cost the country 200,000 jobs, according to an airline-industry study on the financial impact of not building the new airport, Cerda said.
Rugby Borough Council could, in theory, could make a compulsory purchase order on the site, providing that "the asset is under threat of long-term loss to the community", though there is no indication that the council has plans to do this.
The long-term loss of four first team starters - Keith Earls, Tyler Bleyendaal, Chris Cloete and Chris Farrell - has rocked the squad but van Graan (right) wants his side to show their capabilities against champions Scarlets today.
And though the club has already been rocked by the long-term loss of winger Manu Vatuvei to a knee ligament injury in pre-season, Salford are raring to get back into competitive action.
The long-term loss developed rapidly in the early monitoring period, and the growth rate of time-varying loss becomes gradually gentle after about 250 days.

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