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DAB52
New Member

How do I categorize the cash received from the sale of a RV.

We bought a camping trailer in 2012 for 16,000 and sold it in 2016 for 10,500.  This isn't considered taxable income is it?  How would I categorize the proceeds from the sale?
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How do I categorize the cash received from the sale of a RV.

You don't have to report a sale of personal use property, such as an RV if you sell it for less than you paid for it. You can't take a loss on sale of personal use property.

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1 Reply

How do I categorize the cash received from the sale of a RV.

You don't have to report a sale of personal use property, such as an RV if you sell it for less than you paid for it. You can't take a loss on sale of personal use property.

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