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?

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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?

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

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?

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.

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