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Path: utzoo!linus!philabs!pwa-b!miorelli
From: miorelli@pwa-b.UUCP (Bob Miorelli)
Newsgroups: net.taxes
Subject: Re: Capital Losses and Automobiles
Message-ID: <197@pwa-b.UUCP>
Date: Mon, 10-Feb-86 15:23:24 EST
Article-I.D.: pwa-b.197
Posted: Mon Feb 10 15:23:24 1986
Date-Received: Thu, 13-Feb-86 16:56:35 EST
References: <2052@bmcg.UUCP>
Organization: Pratt & Whitney Aircraft, E. Hartford, CT
Lines: 8

Sorry to say, bu you can't claim a loss on personal use property, i.e.
your automobile.  If you sold the auto at a gain, that gain is
included in income, however losses on these items are not deductible.
-- 

-->BoB Miorelli, Pratt & Whitney Aircraft
           also, H & R Block tax perparer and Instructor
pwa-b!miorelli