It appears that I had an incorrect assumption: https://www.dmv.org/articles/income-tax-implications-of-selling-a-used-car/ https://www.dmv.org/articles/income-

It appears that I had an incorrect assumption: https://www.dmv.org/articles/income-tax-implications-of-selling-a-used-car/ https://www.dmv.org/articles/income-tax-implications-of-sell... Note that this is not an official DMV site for any government organization