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"Income" from car sale taxed ?
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Re: "Income" from car sale taxed ?
[
Re: hemienvy
]
#2997124
12/20/21
07:58 PM
12/20/21
07:58 PM
Joined:
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If you are the 1% or 2% of people making a profit on a car sale, consider yourself fortunate.
If someone gives you cash for an expensive car, what happens when they sell it? What is their basis that they will be taxed on?
Best way for selling party, on death. The selling party gets the step up basis if the estate is under a certain amount.
Hire a CPA. Pay what you owe. Pretty simple.
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"Income" from car sale taxed ?
hemienvy
12/20/21
07:41 PM
Re: "Income" from car sale taxed ?
6PakBee
12/20/21
07:50 PM
Re: "Income" from car sale taxed ?
Stanton
12/20/21
08:48 PM
Re: "Income" from car sale taxed ?
3hundred
12/20/21
09:36 PM
Re: "Income" from car sale taxed ?
John Brown
12/20/21
09:36 PM
Re: "Income" from car sale taxed ?
Stanton
12/20/21
11:45 PM
Re: "Income" from car sale taxed ?
Redbird
12/20/21
11:58 PM
Re: "Income" from car sale taxed ?
AndyF
12/21/21
12:36 AM
Re: "Income" from car sale taxed ?
RP's R/T's
12/21/21
12:51 AM
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crackedback
12/21/21
01:27 AM
Re: "Income" from car sale taxed ?
Mastershake340
12/21/21
01:45 AM
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Mr PotatoHead
12/21/21
01:50 AM
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NITROUSN
12/21/21
03:11 AM
Re: "Income" from car sale taxed ?
Stanton
12/21/21
02:12 PM
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second 70
12/21/21
05:07 PM
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poorboy
12/21/21
01:50 AM
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Mastershake340
12/21/21
02:08 AM
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AndyF
12/21/21
02:55 AM
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dOc !
12/21/21
12:56 AM
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GomangoCuda
12/21/21
05:28 PM
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dOc !
12/21/21
05:45 PM
Re: "Income" from car sale taxed ?
Stanton
12/21/21
05:47 PM
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GomangoCuda
12/21/21
06:30 PM
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oldjonny
12/21/21
06:37 PM
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TJP
12/22/21
02:33 AM
Re: "Income" from car sale taxed ?
AndyF
12/21/21
06:07 PM
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