I'm in the US. I'm selling a classic car. Is it possible/legal to trade a car for stocks/bonds/private equity, if I find an interested party?
>>1021304
Why not just sell it for cash then use the invest the cash?
Are you literally retarded?
>>1021304
Im a former car dealer, and it may vary state by state but I think what you would do is IF your concerned with making sure uncle sam get's his part you can list the value of items you traded for as the cash price sold for and you will be set
>>1021304
You can only avoid taxes on the swap if you sell for like kind property (I.e. a car for another car). Otherwise uncle Sam will get what's coming to him.
>>1021305
you're likely not aware of what broker's fees are. a trade would hopefully spare me those - as the stocks have already been purchased by the buyer.
>>1021313
If you're that worried about brokers fees just go through RobinHood and avoid the 5-10 bucks per trade.
>>1021318
will research, thanks
Yes and do it tax free with a 1031 Tax free exchange.
>>1021313
What's the minimum you'd be willing to sell the car for?
Got the number? Great, now increase it by $50. There you go, you now covered the trading fees for a good number of trades and can accept cash.
