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June 6, 2019
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Where do I put income from the sale of a car? It was $3000

  • June 6, 2019
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Best answer by MaryK1

You only have to report the sale of the car if you sold it for more money than you bought it for.  (If your proceeds are more than your adjusted basis- in tax terms!)

1 reply

MaryK1Answer
Employee
June 6, 2019

You only have to report the sale of the car if you sold it for more money than you bought it for.  (If your proceeds are more than your adjusted basis- in tax terms!)

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