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I suspect the only " reporting" required for most sales is the gain-on-sale, if any.
In other words, if you bot an MFI pump for $200 and flipped ot for 400, you should report the gain, probably on Sch. C. Practically speaking, I've never seen this in all my years. Also, don't forget that if you paid 'ol Gus to R&R the pump, this cost will be used to offset the gain.
IMHO
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David
1972 911T/S MFI Survivor
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