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.

George Patterson
Drink is the curse of the land. It makes you quarrel with your neighbor.
It makes you shoot at your landlord. And it makes you miss him.


The profit on anything you sell is taxed as income.

How many used things have you sold at a profit after repairs, etc.?

--
Jim Pennino

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