Submitted by beckagrosst t3_zyglbm in personalfinance
beckagrosst OP t1_j25t2i3 wrote
Reply to comment by [deleted] in How should I deduct cost of goods sold for gifted household items for eBay taxes? by beckagrosst
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
[deleted]
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