Business, Legal & Accounting Glossary
A capital loss that is not deductible in the current year because it exceeds the annual capital loss ceiling, but may be deductible in future years. In general, only $3000 in capital losses can be claimed in any one year, but the excess loss can be carried over indefinitely. also called loss carryover.
To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.
Definitions for Capital Loss Carryover are sourced/syndicated and enhanced from:
This glossary post was last updated: 20th November, 2021 | 0 Views.