Capital Gains on muscle car (state of PA)

#14

03-20-2008, 09:02 PM

Zedder Zedder is offline

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Re: Capital Gains on muscle car (state of PA)

Marlin, I researched this in 2005 and, in Ontario, there is a clear distinction between losses from capital assets and other "investments". Losses from CA's cannot be deducted against other gains up here. Is this not the case in the US? And if not, why can't one deduct the losses incurred on a daily driver since it is a capital asset also???

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