Capital Gains on muscle car (state of PA)

[YENKO DEUCE REGISTRY]

Be VERY careful with 'Like Kind Exchanges', as non real estate items may only apply to business'. I can check it out if someone really needs to know. I'm sure someone does, so I'll look it up over the weekend.

Let me clarify an earlier post about 'investments'. Investments are actually considered capital assests when held for personal use - stocks, bonds, etc... It's when commercial paper is held for sale to customers, that's not considered cap assests - but more likely 'normal' assets because it's a business.