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james_spader_jr
james_spader_jr asked in Business & FinanceTaxesUnited States · 1 decade ago

can I write off my vechicle?

I am planning on trading my truck in soon. I am very sure it will be worth a lot less. Can I write off the difference in what it was worth and what it trades for as a loss on my 2010 taxes?

3 Answers

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  • Anonymous
    1 decade ago
    Favorite Answer

    No. Losses on personal use vehicles is non-deductible.

  • Judy
    Lv 7
    1 decade ago

    Of course it's worth less - and no, you can't write it off.

  • Wayne Z
    Lv 7
    1 decade ago

    No.

    Losses on personal property are not deductible.

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