2 ms·
>even though selling used goods at a loss is deductible on income tax Not if the goods were for personal rather than business or investment use. Losses on sale
by PopAlongKid 5y ago
>even though selling used goods at a loss is deductible on income tax
Not if the goods were for personal rather than business or investment use. Losses on sale of personal-use assets are non-deductible for income tax purposes.