If an asset is depreciable and used in business, any loss on the sale of the asset is deductible only against other capital gains income, not against ordinary income.

Name: If an asset is depreciable and used in business, any loss on the sale of the asset is deductible only against other capital gains income, not against ordinary income.
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Losses on the sale of depreciable business assets are generally considered ordinary losses and can be deducted against ordinary income, not just capital gains.

If an Asset Is Depreciable and Used in Business, Any