jdc001
Returning Member

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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.