Selling your personal car is tax free in most cases

Name: Selling your personal car is tax free in most cases
Duration: 45 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? TJ explains why personal property usually gets a pass — and shares a clever side-hustle strategy some Minnesotans use to pocket extra cash tax-free by flipping rust-free vehicles from southern states.

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