George Patterson wrote:

BTIZ wrote:

ok... I'm not a tax expert... but when you sell a car.. what taxes
apply to the seller..


According to the IRS, the selling price of the car is taxed as income. I
would prefer that that is not the case with aircraft.

Well, it has been a while since I read the tax code, but I believe this
is true only if you sell the car for more than you paid for it. This is
very unlikely with most cars...


Matt