Selling your personal car is tax free, even for a profit

Name: Selling your personal car is tax free, even for a profit
Duration: 48 s
Description: Personal property like cars isn't subject to capital gains tax, and in Minnesota you can flip up to five cars per year tax free.

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Wondering if you owe capital gains tax when you sell your personal car — even at a profit? TJ explains why personal property gets different treatment and shares a rust-belt side hustle that could put extra cash in your pocket each year, tax-free.

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