net capital loss
Defined in 1 dictionary — U.S. Code
United States Code
26 U.S.C. § 1222 — for purposes of this subtitle (2 versions over time)
The term “net capital loss” means the excess of the losses from sales or exchanges of capital assets over the sum allowed under section 1211. In the case of a corporation, for the purpose of determining losses under this paragraph, amounts which are short-term capital losses under section 1212(a)(1) shall be excluded.
26 U.S.C. § 772 — for purposes of this section
The term “net capital loss” means the excess of the losses from sales or exchanges of capital assets over the gains from sales or exchange of capital assets.