Thread: Selling your car and taxes
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10-10-2012 09:41 AM #2
Any transaction over $10 K will get held, and scrutinized.
If you run it through the bank, then it's income. You'll have to do a tax schedule, write off your cost vs. Sale amount and the net will be taxable income..
Education is expensive. Keep that in mind, and you'll never be terribly upset when a project goes awry.
EG





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I'm happy to see it back up, sure hope it lasts.
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