ordinary loss

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.

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词条贡献者

法律翻译徐玲，知名法学院保险法专业，专注翻译各类与保险追偿有关的法律文件。