fbpx

Capital loss

This is when an asset decreases in value. The loss is calculated when you sell it, meaning that if you purchased a stock or bought a rental property two years ago and want to sell it now for less than the price you paid for it, it’ll be counted as a capital loss.

Example: Let’s say you invest $150,000 in a fixer-upper rental property you want to flip and rent out. If something horrible happens, you find that you can’t fix it up, and you have to sell it for $120,000, you’ll have a capital loss of $30,000.

oh, and you can win free stuff just by signing up & referring friends!

oh, and you can win free stuff just by signing up & referring friends!

join the onomy fam!

Subscribe to our newsletter for free weekly lessons, pro tips, and memes straight to your inbox. We’ll also let you know about 🔥 giveaways and expert events.

By subscribing, you agree to our Privacy Policy and Terms of Use

Already have an account? Log in

lessons