<prompt> Human: I just sold a Saxophone on eBay for 100. It cost me 190. I just wanted to get rid of it, and maybe get some money back. Do I need to file this on my tax return next year, on a quarterly statement sometime this year, or does the IRS not care?Some more info: Im a full time employee, so I just do an annual return usually. I already did my return for 2015. I havent been able to sell any of my other junk, so Ive been donating it. This isnt a small business in mind, but after reading some of the eBay posts here, it looks like selling my stuff can count?Thank you in advance!  <response>: You lost money. You do not pay taxes on losses.IRS Pub 544 states: Personal-use property. Generally, property held for personal use is a capital asset. Gain from a sale or exchange of that property is a capital gain. Loss from the sale or exchange of that property is not deductible. You can deduct a loss relating to personal-use property only if it results from a casualty or theft. 