|
Not a tax attorney, but it would be a long term capital loss (held over 1 year). You'll have to complete a schedule D and apply loss to any cap gain.
I think there is a limit of $3,000 to apply a cap loss to any other type of income.
Consult someone who knows what they're talking about.
__________________
Jim
1987 Carrera
2002 BMW 525ti
1997 Buell Cyclone cafe project
1998 Buell S1W: "Angriest motorcycle I've ever ridden."
|