I sold a collectible car in 2018 for $100,000. I bought it 30 years ago for $10,000, but in the 30 years, spent $50,000 restoring it.
TurboTax only has form entries for Gross Sales Price, Sales Expenses, and original Purchase Price.
Where do I account for the restoration expenses?
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The 50K is part of your cost of the car.
The 50K is part of your cost of the car.
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