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Get your taxes done using TurboTax
If it was your personal motorcycle that you rode and then sold at a loss, that is one thing. If you buy and sell and make a little money, that is another.
Did you sell it for more or less than you paid? Maybe you exchanged it?
The IRS says in Tax Topic 409:
Losses from the sale of personal-use property, such as your home or car, aren't tax deductible.
Pub 544 on sales and dispositions of assets.
You may want to contact the issuer if none of the IRS publications apply and ask them to correct it and mark it blank instead.
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‎February 4, 2020
2:25 PM