BMW 3-Series (E90 E92) Forum - View Single Post - what to do with a trade-in?

lhoboy8 · 11-10-2005, 01:40 PM

Would the sale income be included on your tax filings as income? Thus you'd pay tax on this, and obviously you couldn't deduct your expenses for purchasing a new car.

11-10-2005, 01:40 PM	#13
lhoboy8 Enlisted Member 2 Rep 48 Posts Drives: e90 330xi Join Date: Jul 2005 Location: Boston iTrader: (0) Garage List 2000 323ci [0.00] 2006 330xi [0.00]	Would the sale income be included on your tax filings as income? Thus you'd pay tax on this, and obviously you couldn't deduct your expenses for purchasing a new car.
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