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Level 15
Level 15

Motorcycle Sale

@Opus 17 wrote:
"If audited, the IRS might decide to treat the motorcycle as a collectible, which you might be able to rebut by showing it was only an investment to you and you sold it instead of holding it in a collection."

In addition, however, you could rebut the treatment by showing that you held the motorcycle for your personal use and did not intend for it to be a "collectible". 

‎September 17, 2021 12:22 PM
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