Quote:
Originally Posted by blackbird225
Count D,
I also have a Zündapp KS 750. Another labor of love.
One thing that concerns me is: say I sell it for $60k or whatever. Will that check that arrives in the bank be reported as income to the IRS? I mean, I've already been taxed to death by the IRS all along as i slowly increased its value. They will no doubt want 'their cut' 
|
I'm sure you have "tons" of money in restoring this beautiful car. Also what you purchased car for. Check with accountant, you should be ok. Tim