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Twinkam
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Is a motorcycle considered an investment?

I rode it stopped rideing so I sold it.
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2 Replies

Is a motorcycle considered an investment?

If you sold it for less then what you paid for it then you have nothing to report on your tax return since it was sold for a loss.

Is a motorcycle considered an investment?

Assuming you only used it for personal use, it is not an investment.  If you sold it at a loss, that loss is not deductible.

 

 

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