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

 
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1 Reply
KathrynG3
Expert Alumni

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

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.

 

Click here for detailed instructions.

 

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