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lred1 t1_isumxgj wrote

Technically, yes Your taxable gain is sales price minus purchase price minus expenses incurred in 'fixing it up'.

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andoocampu OP t1_isuuy7h wrote

Since I fixed the car in my garage, I am not even sure how to calculate the expenses.

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lred1 t1_isv0xpg wrote

Don't worry about it. Really, it will never be anywhere near on the radar of any taxing authority.

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