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You don't have to pay taxes on the proceeds for stuff you sell at a loss (like your car.)
There might be exceptions in cases where you had deducted depreciation or something like that.
If you buy cars at auction and resell, or sell cars you have fixed up, and make a profit, you'll have to pay tax on the profit.
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2006 330i | Black Sapphire Metallic | Black Dakota Leather | 6SP MT | ZPP | ZSP | ZCW | Sirius
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