https://ttlc.intuit.com/community/taxes/discussion/capital-loss/01/3103271#M1138997 <P>I sound my oriental rug for $2000.&nbsp; I originally paid $10,000 for it.&nbsp; I do not have any paper work for the purchase.&nbsp; Can I claim a loss?&nbsp; Is the loss $3000 per year?&nbsp; I only received $1700 from the sale as there was commission.&nbsp;&nbsp;</P> Tue, 24 Feb 2026 07:38:18 GMT Captialgains 2026-02-24T07:38:18Z https://ttlc.intuit.com/community/taxes/discussion/capital-loss/01/3103271#M1138997 <P>I sound my oriental rug for $2000.&nbsp; I originally paid $10,000 for it.&nbsp; I do not have any paper work for the purchase.&nbsp; Can I claim a loss?&nbsp; Is the loss $3000 per year?&nbsp; I only received $1700 from the sale as there was commission.&nbsp;&nbsp;</P> Tue, 24 Feb 2026 07:38:18 GMT https://ttlc.intuit.com/community/taxes/discussion/capital-loss/01/3103271#M1138997 Captialgains 2026-02-24T07:38:18Z https://ttlc.intuit.com/community/taxes/discussion/re-capital-loss/01/3103418#M1138998 <P>Hi Capitalgains,</P> <P>Thanks for your question!</P> <P>No, you cannot claim a loss for the sale of personal property.&nbsp;</P> <P>Here is an IRS link that discusses this in more detail: <A title="Topic No. 409, Capital Gains and Losses" href="https://www.irs.gov/taxtopics/tc409#:~:text=You%20have%20a%20capital%20loss,%2C%20aren't%20tax%20deductible." target="_blank" rel="noopener">Topic No. 409, Capital Gains and Losses</A>&nbsp;</P> <P>Note that you will need to report the sale on your tax return. This <A href="https://ttlc.intuit.com/community/tax-credits-deductions/discussion/what-form-do-i-use-to-report-the-sale-of-personal-property-pneumatic-trailer/00/647747" target="_blank" rel="noopener">TurboTax article</A> discusses this in detail.</P> <P>I hope this helps. Thanks again!</P> <P>Katie</P> Wed, 25 Oct 2023 16:32:08 GMT https://ttlc.intuit.com/community/taxes/discussion/re-capital-loss/01/3103418#M1138998 Katie-P 2023-10-25T16:32:08Z