- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Can I claim the following as a capital LOSS on line 14 of 1040? I sold a car for $2000 less than purchase price. In form 4797 instruc p2, it calls this a capital LOSS
In Form 4979 "Disposition of Depreciable
Property" it says "loss from the sale of... property ... is a capital loss. Report the loss on Form 8949 in Part I. "
I bought a car for $3500 and sold it for $1500 same year. Should I be filling out form 8949?
Thanks.
Property" it says "loss from the sale of... property ... is a capital loss. Report the loss on Form 8949 in Part I. "
I bought a car for $3500 and sold it for $1500 same year. Should I be filling out form 8949?
Thanks.
Topics:
‎June 5, 2019
4:29 PM