I sold 2 cars in 2019. One I'd had for 36 years and the other for 27 years. I sold for less than I'd put into them. Where do I report these sales if I need to?

posted

Connect with an expert

1 Reply

I sold 2 cars in 2019. One I'd had for 36 years and the other for 27 years. I sold for less than I'd put into them. Where do I report these sales if I need to?

Personal property that was sold for less than the original purchase price is not reported on a tax return.

Still have questions?