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To: TheBattman

The items you describe would fall under “Capital Gains’ tax-—if anything. NOT ordinary Income.

HUGE difference.


6 posted on 03/02/2023 4:28:26 PM PST by ridesthemiles
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To: ridesthemiles

It’d be capital gains only if there was a gain.

If I buy something new, and then sell it twenty years later for 25% of what I paid for it, it’s not a capital gain. It’s not income of any sort.

And it shouldn’t appear on any 1099.


9 posted on 03/02/2023 5:32:56 PM PST by jdege
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