View Single Post
  #6  
Old March 4th 16, 03:29 PM posted to rec.aviation.soaring
Six-Seven Romeo
external usenet poster
 
Posts: 26
Default Capital Gain/Loss when Selling Gliders?

Here is an IRS tip on the subject.

https://www.irs.gov/uac/Capital-Gain...-Facts-to-Know

"Deductible Losses. You can deduct capital losses on the sale of investment property. You cannot deduct losses on the sale of property that you hold for personal use."