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re: Gifting a car or selling it for cheap???
Posted on 3/14/24 at 10:46 am to Chad504boy
Posted on 3/14/24 at 10:46 am to Chad504boy
KBB values it at $18k
Thanks for the info.
Thanks for the info.
1
Posted on 3/14/24 at 2:56 pm to AllsGroovn
I know I got down voted, but if the irs doesn't have a record of the sale, did it really happen? No one is sending the sale info to the irs.
The IRS has zero clue about how much you paid, or anything. It's all self reported by you, the gullible taxpayer. W2 I come is reported to both fed and state. Same with 1099s. Same with real-estate sales.
Personal sales are not. Stop paying taxes on crap they can't track.
You're welcome
The IRS has zero clue about how much you paid, or anything. It's all self reported by you, the gullible taxpayer. W2 I come is reported to both fed and state. Same with 1099s. Same with real-estate sales.
Personal sales are not. Stop paying taxes on crap they can't track.
You're welcome
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