Submitted by beckagrosst t3_zyglbm in personalfinance
[deleted] t1_j25s18n wrote
[deleted]
beckagrosst OP t1_j25t2i3 wrote
Everything sold was for personal use (laptops, earbuds, clothes, appliances, etc) and nothing was used for business. I think I confused Schedule C and Schedule D in my post.
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>You cannot take a capital loss on personal property, so you’ll have to adjust the gain/loss to $0 for that sale on schedule D.
This was more my question: not can I factor in a loss, but is there any profit in the sale even if I never paid for the sold item originally. It sounds like it would be $0 then.
[deleted] t1_j25u55w wrote
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