It depends. When your dad passed, you inherited the truck at the value it was on the day he passed. If you sold it reasonably soon after that, you can consider that a break even and there is no tax.
If you are selling a used personal item for less than the original value, it is not taxable. If you flip it or sell it for more than the original cost, you have to pay taxes on the surplus as capital gains.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
