Thread: New car: tax question
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Old Jun 1, 2009 | 08:53 AM
  #10  
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Megatron
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From: NW of Chicago, IL
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Originally Posted by spanky
thats' retarded. trade in is just another form of payment so why would that deduct from the taxable amount?
I have no freakin clue. It probably has to do with some sort of capital asset exchange rule in the tax code.
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