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I have read the info referenced, however, this refers to a "boat slip". My sale was of a "membership", not a boat slip. It is effectively like owning a membership in a swim club, where it give you the right to use the pool. You pay $5000 for the membership and sell it for $10,000. Would that be a capital gain? It is not a tangible asset.
‎September 20, 2024
3:58 AM