Thread: Selling your car and taxes
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10-10-2012 08:24 AM #1
Selling your car and taxes
I'm getting ready to try to sell my street rod, and I'm not sure what I'm supposed to do with the money, from the IRS's point of view.
First off, I know cash is best, but what other forms of payment should I require? Certified check?
Secondly, any other transaction other than cash will require a bank. I expect they will ask some questions or even give me some tax forms when I show up with a 30K+ check.
What's the best way to handle this? Any tips or suggestions?Andy
My project build video:
http://www.youtube.com/watch?v=iubRRojY9qM
I saw last night on fb about John. The world sure lost a great one. I'm going to miss his humor, advice, and perspective from another portion of the world. Rest in Peace Johnboy.
John Norton aka johnboy