scorn07
Returning Member

Business & farm

I'm really confused because I'm seeing conflicting answers all over this website. Some say I don't need to report because it was sold at a loss and isn't part of my business/occupation. Then I see other answers that say I need to report but that may generate taxable income, which there shouldn't be. And there are yet other answers that say I need to enter a positive amount and a negative amount to show a loss. So who is right?