ordinary loss

Definition of "ordinary loss"
  1. A financial deficit resulting from selling or exchanging any property that doesn't fall under the category of capital assets
How to use "ordinary loss" in a sentence
  1. After evaluating the financial records, the accountant identified an ordinary loss from the business investment.
  2. The tax return for this year documented an ordinary loss, which we can use for tax deductions.
  3. The sale of company equipment resulted in an ordinary loss.

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