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Returning Member
posted Feb 26, 2024 6:47:22 AM

Do I have to report the sale of a personal boat when sold at a loss? If so, where do I enter information into TurboTax?

0 2 400
2 Replies
Level 15
Feb 26, 2024 6:48:10 AM

Personal property sold at a loss is not entered on a tax return.

Expert Alumni
Feb 26, 2024 6:49:08 AM

You have made a loss on personal items. This loss on personal items is not deductible and is not reported on your tax return.

 

Please read this TurboTax Help topic for more information.