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To: outpostinmass2

for what buying a used car? The IRS can only get involved if he resells it makes a profit and doesn’t report it... its the insurance that’s gonna kill him.


7 posted on 08/04/2011 10:41:11 AM PDT by SouthernBoyupNorth ("For my wings are made of Tungsten, my flesh of glass and steel..........")
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To: SouthernBoyupNorth

” ...its the insurance that’s gonna kill him.”

Won’t be too bad. As long as the cook is over 25 with a reasonably clean driving record, the insurance on a 13 year old car won’t be bad.


9 posted on 08/04/2011 10:45:09 AM PDT by brownsfan (I miss the America I grew up in.)
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To: SouthernBoyupNorth

Its a gift. I think it may have to be reported as income.


11 posted on 08/04/2011 10:50:56 AM PDT by chopperman
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