If you do not know the exact date, make a fair estimate of the purchase date.
If you do not list each item sold, aggregate the sales as follows:
- Capital loss on personal item ($0 loss is allowed on the Federal income tax return)
- Capital gain on personal item (short-term capital gains on assets held one year or less)
- Capital gain on personal item (long-term capital gains on assets held more than a year)
- No capital gain or loss ($0 gain or loss)
Retain a record of the personal items sold should a tax authority have a question at a later time.
@cw4754
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
