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stripus

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stripus

Re: rainbow1111 post# 44922

Thursday, 07/31/2014 10:26:24 AM

Thursday, July 31, 2014 10:26:24 AM

Post# of 111059
If capital gains apply to cars, then can I claim a loss every time I sell a car at a loss?
What you say doesn't make sense to me. People buying a new car take huge losses that are not tax deductible.


Wrong. Capital gains taxes apply to gains on cars and autos.

All the above is my opinion, after all who would believe me anyway since I drive a 1975 Vega!




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