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Re: client is selling motor home for $10000.00 and using money to buy a new car. Does he claim the sale as income. It is a private sale not a trade in. If so is it claimed as other income.
IRonMaN
Level 15
03-23-2023
04:22 PM
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Unless it was a business asset or he sold it for more than he paid for it, it wouldn't be reported.
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