Fact Pattern:
- Sold a car in August 2021, which had been leased for 36 months, and received a check for $8,000
- It was "sold" to a third party, who paid the lessor directly, to where I personally never took title of the car.
- Total of lease payments was $12,600
- Residual was $22k and was offered $30k for the car
What would be my taxable gain on the $8,000 (if any) and would it be short-term or long-term capital gain?
