Federal employee move overseas to vehicle restricted location and no storage coverage, sold at loss. Are losses deductible?

[weev357]

Are personal property losses due to government move deductible?

[ToddL · Accepted solution]

No, a loss on the sale of personal property is not deductible. You can deduct a loss relating to personal-use property only if it results from a casualty or theft; a government directed move is neither a casualty or a theft.

Per IRS Tax Topic 409-Capital Gains and Losses  Personal-use property:  Generally, property held for personal use is a capital asset. Gain from a sale or exchange of that property is a capital gain. Loss from the sale or exchange of that property is not deductible. .