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Capital Gain/Loss when Selling Gliders?
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March 4th 16, 03:29 PM posted to rec.aviation.soaring
Six-Seven Romeo
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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."
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