A loss other than a capital loss.
Related information about ordinary loss:
- 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 ...
- 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.
- 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.
- 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 ...
- 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 ...
- 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 ...
- 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 ...
- 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 ...