In sale of early car, how is investment income treated?

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Originally Posted by sithot

Works better with real estate but can be used for cars. You just have to buy another car. There is a step-up in basis that will help your heirs (at least in real estate).

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Depends how it's titled. Brian (ex-CPA)

This is a good summary: http://wiki.answers.com/Q/Does_selli...me_tax_on_that

Replies much appreciated. Thanks to all.