Ordinary Loss – a tax that is deductible from ordinary income in business or trade, from the sale or exchange of an item; more beneficial to the taxpayer than a capital loss

ordinary loss:

1. Tax. A loss incurred from the sale or exchange of an item that is used in a trade or business.  The loss is deductible from ordinary income, and thus is more beneficial to the taxpayer than a capital loss. — aka business loss.


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[1]: Black’s Law Dictionary Deluxe Tenth Edition by Henry Campbell Black, Editor in Chief Bryan A. Garner. ISBN: 978-0-314-61300-4


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