The National Directory of Certified Public Accountants

Ask A CPA - Losses

Is The Loss I Incurred On The Sale Of My Car Deductible?

No. The loss on the sale of your car would be a sale of personal use property and therefore not deductible.

If you need professional help with "Losses" or have other tax questions, we can help you find a local licensed CPA for a free, no-obligation consultation.