Loss on Car Sale

[patrick-j-hayden]

I sold my car for approximately $6,500 less than I paid for it the year before (paid $10,000, sold for $3,500). If you include depreciation during the year I owned the car, the loss was about $5,000 (at the time I sold it, the market value for the same year and model was about $8,500).  How should I report the loss on the sale of this asset?

[MinhT]

Losses on personal property are not deductible.

Please read this IRS document (at the end of the first paragraph):

https://www.irs.gov/taxtopics/tc409.html