Re: Transfer of Large Amounts of Funds?
So, any U.S. tax experts have any input on whether the sale of an old car is treated as an investment subjected to cap.gains tax rates, or is it misc. income subjected to income tax rates? (Jim Hughes maybe  )
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Marlin
70 Yenko Nova-350/360, 4speed M21, 4.10 Posi (Daddy's Ride)
69 SS Nova-396/375hp, 4speed M20, 3.55 Posi (Benjamin's Ride)
67 RS Camaro-327/250hp, 2speed Glide, & 3.08 Open (Danny's Ride)
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