Word forms: (plural) ordinary losses
( Accounting : Tax )
When the company became insolvent, his loss on the stock was not a capital loss but
a fully deductible ordinary loss.
In general, any net gain from the sale or conversion of such assets is regarded as
long-term capital gain; any net loss, as an ordinary loss, deductible in full.
An ordinary loss is a loss in the course of normal business.
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