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Old 09-08-2010, 04:31 PM   #8
jimTN
Senior Member
 
Join Date: May 2010
Location: Powell, TN
Posts: 2,503
Default Re: Buying V-8 Fords Far From Home

If you are selling, uncle will see large cash transfers and you will end up paying capital gains. Thats why lots of sellers want cash. If it is a car that has been owned many years, who is going to have a accurate record of the true expenses to show uncle and then how are you going to put that money in the bank......... I certaintly do not have a good answer.
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