Purchased two travel trailers in 2016 one in Apr then traded for a larger more expensive trailer in Nov I know I can deduct the interest from the loan but had large loss

bargersbarn · ‎June 5, 2019

took a large loss on the first trailer is there any tax relief for this loss?

IsabellaG · ‎June 5, 2019

No, if these trailers were for personal use, there is no deduction for a loss on the sale.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

IsabellaG · ‎June 5, 2019

No, if these trailers were for personal use, there is no deduction for a loss on the sale.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Thank you for helping us improve the TurboTax Community!