[net.taxes] Capital Losses and Automobiles

miorelli@pwa-b.UUCP (Bob Miorelli) (02/10/86)

Sorry to say, bu you can't claim a loss on personal use property, i.e.
your automobile.  If you sold the auto at a gain, that gain is
included in income, however losses on these items are not deductible.
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-->BoB Miorelli, Pratt & Whitney Aircraft
           also, H & R Block tax perparer and Instructor
pwa-b!miorelli