Do you have to report a capital gain from selling a car, if you buy a car the same year and end up with a capital loss?
A car I sold in May was a present, so I had a capital gain on it. But in November of the same year I bought a car and it was more than the profit from the selling of the car in May. Do I have to report any gains or any losses? And does it come with the free edition on turbo tax, or a deluxe version has to be used?