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Registered
Join Date: Jan 2002
Location: Long Beach CA, the sewer by the sea.
Posts: 38,133
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He asked about income tax.
There is no 'income' on personal property and vehicles not held in a corporation's name that you sell. You bought it — you sold it. Even it you made a few dollars, if it's not a business you do or for business purposes (see the above post about depreciating a business asset), there is no tax due.
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