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?
018317
1 Best answer
jerry2000
Alumni
May 31, 2019 5:42:53 PM
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.
1 Replies
jerry2000
Alumni
May 31, 2019 5:42:53 PM
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.