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New Member
posted Feb 16, 2020 2:21:39 PM

How do I report income for selling a car that I owned?

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1 Replies
Expert Alumni
Feb 16, 2020 2:45:37 PM

Report the sale of a personal item in the Investments section but only if you have a gain. You would have a gain if the car was sold for more than you paid for the car plus any improvements you made to the vehicle.

 

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