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Advice from any Tax Guys on Sale of a Car
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makaio
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Join Date: Oct 2000
Location: Nor-Cal
Posts: 4,403
Quote:
Originally Posted by
snowman
I doubt the IRS would even detect the sale, much less worry about collecting taxes from it. Why? because 99.9% of such sales result in a loss.
I imagine that they would detect the deposit in his bank account.
09-03-2007, 08:50 PM
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