net capital loss
Defined in 2 places of the United States Code.
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.
Source
- 1997–present26 U.S.C. § 772Internal Revenue Code · Simplified flow-through · 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 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.
Source
- 2010–present26 U.S.C. § 1222Internal Revenue Code · Other terms relating to capital gains and losses · for purposes of this subtitle
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 shall be excluded.
Source
- 1994–201026 U.S.C. § 1222Internal Revenue Code · Other terms relating to capital gains and losses · for purposes of this subtitle