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Financial Planning / Tax Strategies


Subject:  Re: Vehicle Sale Date:  6/24/2001  9:24 AM
Author:  ToddTruby Number:  52037 of 124817

Your question leads to another: that is, can you claim a capital loss selling a vehicle for less money than you paid for it?


No, I cannot. My situation is that I have the opportunity to buy a certain number of used vehicles from my employer (used company cars) and I am able to sell them for significantly more than I pay for them. Is this considered taxable income?
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