i bought a camper 2years ago and only got the 30 day tag i sold it will i have to pay taxes on it?

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i bought a camper 2years ago and only got the 30 day tag i sold it will i have to pay taxes on it?

1996 dutchman classic 18 foot pull camper.

2007-05-08 14:58:28 · 2 answers · asked by dee_cma 1 in Business & Finance ➔ Taxes ➔ Other - Taxes

2 answers

if you are talking about income tax, not the sales tax? if you made a profit on the sale the profit would be taxable, if you had a loss there is no tax.

2007-05-09 02:30:38 · answer #1 · answered by Jo Blo 6 · 0⤊ 0⤋

You can't sell it without a clear title, and you can't get a clear title without paying the sales tax.

So I guess when the person who bought it from you comes back at you because they can't title it to themselves you'll have to pay the taxes.

2007-05-08 22:04:01 · answer #2 · answered by Bostonian In MO 7 · 0⤊ 0⤋