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ordinary loss

A loss other than a capital loss.

Related information about ordinary loss:
  1. Ordinary Loss Definition | Investopedia
    Any loss incurred by a taxpayer that is not considered a capital loss. Ordinary losses can stem from many causes, including casualty and theft. Ordinary losses ...
     
  2. Ordinary Loss: Definition from Answers.com
    For income tax purposes, loss that is deductible against ordinary income ; usually more beneficial to a taxpayer than a capital loss , which has limitations.
     
  3. Capital Gains and Losses: Capital Losses
    For tax purposes, the terms capital loss and ordinary loss have specific meanings . A different tax ... An ordinary loss is 100% deductible in the year incurred.
     
  4. 26 USC § 65 - Ordinary loss defined | LII / Legal Information Institute
    For purposes of this subtitle, the term “ordinary loss” includes any loss from the sale or exchange of property which is not a capital asset. Any loss from the sale ...
     
  5. Ordinary Loss Offset Capital Gains? Please Help! - TaxQueries
    I had an LLC elected as an S-Corp. I sold the assets of it and dissolved it. Had a capital gain of X. Then I started a new business (also an ...
     
  6. Publication 17 (2011), Your Federal Income Tax
    Casualty loss or ordinary loss. You can choose to deduct a loss on deposits as a casualty loss or as an ordinary loss for any year in which you can reasonably ...
     
  7. Ordinary loss: extraordinary tax deduction | Bankrate.com
    Jul 12, 2011 ... Do your research to ensure maximum tax relief from inherited property. Read Bankrate.com for complete coverage of tax strategies that benefit ...
     
  8. Ordinary Loss Law & Legal Definition
    According to 26 USCS § 65 [Title 26. Internal Revenue Code; Subtitle A. Income Taxes; Chapter 1. Normal Taxes And Surtaxes; Subchapter B. Computation Of ...