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Old 01-21-2004, 04:28 PM
MotownMadman MotownMadman is offline
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Default Re: The IRS and selling personal cars???

One angle that will work well in this type of situation is a person is allowed to claim $17,000 per year tax free on a hobby, which can be whatever you claim it to be. It has been a few years since I researched this subject, so the amount could have gone up, down, or the law done away with completely. Worth checking into though.
Motown
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