capital loss

Many taxpayers think of capital gains as something restricted to Wall Street: buying and selling stocks and bonds. In reality, almost everything owned for investment purposes or personal use may be considered a capital asset for income-tax purposes. Common examples of capital assets include stocks...

Just about everyone is crying about their losses on their investments, which saw massive reductions in value last year. Not all news about investment losses is bad, however. Those losses can play a key role in reducing your tax liability.Capital losses on stock, bonds, and other investments can be...