[Hugh R]

I've researched this extensively. Do a search on my name and capital gains and I'm sure you'll find it. The simple answer, is no you can't write off the loses. Fortunately I have the opposite problem. Unfortunately the Feds and the State want 15% and 9% respectively of my capital gains which are the basis in the car, plus what I've put in the car that is not considered routine maintenance, not my labor, but others labor can be included.