Thread: Selling your car and taxes
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10-10-2012 09:24 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





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time for a new forum to visit. when they sold sr.com it went down hill fast. no more forum just a cheap site selling junkie cars. the canadians killed hr.com. mods are real pricks. as with any site...
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