My old car and tax return
#1
BE Enthusiast
Thread Starter
Joined: Sep 2005
Location: USA
Posts: 766
My old car and tax return
Folks,
I sold my car few months ago and am just wondering if I have to pay anything when it comes to file my tax return in July...is that some sort of taxable income
I sold my car few months ago and am just wondering if I have to pay anything when it comes to file my tax return in July...is that some sort of taxable income
#2
Re: My old car and tax return
In short, not that I've ever heard.....
#3
BE Forum Addict
Joined: Mar 2009
Posts: 1,289
Re: My old car and tax return
The money you got for your car is not taxable income (I presume you sold it for less than what you paid for it ).