Thread: Auto Collection advice
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Old 04-17-2018, 03:44 PM
tazdmb tazdmb is offline
Fra.nk Rein.stein
 
Join Date: Jun 2012
Location: Outside Detroit
Posts: 1,132
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I will tackle the second question since I am a CPA-IF you decide to declare any money received on your taxes, it would be as a long term capital gain. You would be paying taxes and the price sold less the (estimated) cost to acquire.
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