Re: Capital Gains on muscle car (state of PA)
Sam,
I'm having a tough time with all this. Unless this was a really high dollar value muscle car (nearing or into 6 figures), I doubt that the IRS would pay any attention, especially if there were no 1099's involved. Many, many vehicles these days sell in the $30K - $50K range so it hardly raises an eyebrow. Who's going to ask how long they've owned the car or how much they have invested in it?
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Bill Pritchard
73 Camaro RS Z28, L82, M20, C60
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