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Moderator
Join Date: Jun 2001
Location: Geyserville, CA
Posts: 6,921
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Income is the key word. The price you sell an asset for is irrelevant, the amount you earned over the basis (cost) is what the taxman cares about (ignoring things like business use, depreciation, improvements, etc.)
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Don Plumley
M235i
memories: 87 911, 96 993, 13 Cayenne
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