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#1
September 1st 06, 07:01 PM
posted to rec.aviation.homebuilt
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Tax consequences of selling a homebuilt.
A question came up over pizza the other night.
What are the tax consequenes of selling a homebuilt? Assume we know how much the raw materials cost. Assume we know approx how many hours of labor went into it. Assume the homebuilt is worth $200K If it is sold what are the tax implications? 
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