So I have to pay state taxes on a computer I bought for $3,000 from Best Buy in August and sold for $2,000 in December, as if that's "income," but the fact I lost over $1,000 in those four months on that product isn't considered a loss because it's personal? That is one of the biggest scams ever. Can I write off the additional losses of having to pay income tax on the item I sold at a loss? These reporting laws are seriously broken.
