I bought a car at $6300 3 years ago and sold it at $1000 in 2010. Can I put this item as long term capital loss and claim it in schedule D. I looked up the definition of "capital assets" in schedule D instructions and I think my car, my house, my furnitures and stocks are in the same catergory as" capital assets". Please let me know if I am wrong about this. Thank you!
a question about capital gains and capital losses- my car
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You couple's creative tax-cutting doesn't go with IRS
-borisg-
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02/26/2011 postreply
19:12:47