It depends on what kind of loss we are speaking of-- there are investment losses, for instance:
"(CBS) So, you bought a stock that's now worth significantly less than what you paid for it back in the market's heyday.
If you're one of those people wondering what to do with the investment,
The Early Show financial advisor
Ray Martin
says it might finally be time to sell. He says it's not too early to
start thinking about year-end taxes - and
claiming losses has some
financial advantages.
"
I think this is an acceptable use.