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Business & farm
Losses from the sale of personal–use property, such as your home or car, are not deductible.
From IRS Publication 544, Sales and Other Dispositions of Assets:
Personal-use property.
Generally, property held for personal use is a capital asset. Gain from a sale or exchange of that property is a capital gain. Loss from the sale or exchange of that property is not deductible.
If you had a reportable gain, you would enter the information under Wages and Income, in the Investments section.
[Edited 03/05/23| 9:13am PST]
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March 5, 2023
9:11 AM