Apparently yes, I guess its no different from selling a home: https://www.investopedia.com/terms/p/personaluseproperty.asp#:~:text=Personal%20use%20property%20

Apparently yes, I guess its no different from selling a home: https://www.investopedia.com/terms/p/personaluseproperty.asp#:~:text=Personal%20use%20property%20is%20used,food%20items%2C%20and%20so%20on https://www.investopedia.com/terms/p/personaluseproperty.asp.... "KEY TAKEAWAYS Personal use property is used for personal enjoyment as opposed to business or investment purposes. These may include personally-owned cars, homes, appliances, apparel, food items, and so on." "Technically, the Internal Revenue Service (IRS) considers personal use property a capital asset and treats it differently than other types of property or assets.2 Taxpayers cannot deduct losses on the sale of personal use property, while a gain on the sale of such property is subject to taxation.3"