### Question
What is the definition of net long-term capital loss?


### Answer
The definition of **net long-term capital loss** is as follows in *26 U.S.C. § 1222*:

> the excess of long-term capital losses for the taxable year over the long-term capital gains for such year

#### Citation:
  - *26 U.S.C. § 1222*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter P-Capital Gains and Losses > PART III-GENERAL RULES FOR DETERMINING CAPITAL GAINS AND LOSSES**

