Show Posts

This section allows you to view all posts made by this member. Note that you can only see posts made in areas you currently have access to.


Topics - afret

Pages: [1]
2
Non-FE Discussion Forum / Dumb questions
« on: April 05, 2020, 02:03:26 PM »
Wondering what's the tax consequence of selling a car?  Is the difference you paid for it and what you sell it for considered reportable income?  If so, with these old cars, would the IRS consider all these upgrades done over the years as routine maintenance and can't be used to decrease the gain?  It seems in most cases you can't ever get close to getting back the crazy amount that was put into these cars.  Thanks.

Pages: [1]