Long-term capital loss

Long-term capital loss

A long-term capital loss is the amount of money lost from the sale or exchange of a capital asset held more than 12 months, I.R.C. § 1(h).

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Industry/Domain: Financial services
Category: Real estate investment
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long-term capital loss

Financial services; Real estate investment

A long-term capital loss is the amount of money lost from the sale or exchange of a capital asset held more than 12 months, I.R.C. § 1(h).

net long-term capital loss

Financial services; Real estate investment

Net long-term capital loss is the excess of long-term capital losses for the taxable year over the long-term capital gains for such year, I.R.C. § 1222(8).

accelerated cost recovery system (ACRS)

Financial services; Real estate investment

Before 1981, assets used for the production of income were depreciable if they were subject to wear and tear or decline due to natural causes or obsolescence. Assets that did not ...

accelerated depreciation

Financial services; Real estate investment

Accelerated depreciation is a method of depreciation in which larger deductions are taken earlier in the life of the asset than with the straight-line method. Examples include the ...

account

Financial services; Real estate investment

An account is a written record of a business transaction expressed in money and kept in a ledger.

accounting principles

Financial services; Real estate investment

Accounting principles refer to an accounting doctrine that explains current practices and is a guide for the selection of accounting conventions or procedures when alternatives ...

accrued depreciation

Financial services; Real estate investment

Accrued depreciation is the difference between the cost of replacing new property and the present market value of the property.

active income

Financial services; Real estate investment

Active income is all taxable income of a taxpayer except income from a passive activity and portfolio income. Passive activity is something in which the taxpayer does not actively ...

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