No, for two
reasons.
First, as stated by SuperUser Carl, losses on the sale of
personal property is never deductible.
Second, if the sale occurred in 2016, then it would be
reported (if required) on your 2016 return.
You could not carry it over to 2017 if it were deductible.
To further clarify the difference between selling an
inherited home versus selling an inherited car, an inherited home is generally
not used personally by the persons inheriting the home. Therefore, it is viewed as an investment
property. If the home were used personally,
then no loss on the sale of the personal home would be allowed.
Even though you stated that the car was not used personally,
in the eyes of the IRS, the car would likely be viewed as personal property and
not investment property unless there were exceptional circumstances (such as
the car was a restored vintage car).
Either way, if the sale took place in 2016 it would not be reported on
your 2017 return.
Take a look at the articles below for more guidance that may
help.
https://ttlc.intuit.com/replies/3299981
https://ttlc.intuit.com/replies/3995054
