First R1T on Cars & Bids...No Reserve

[tyfly867]

Auction just opened...No Reserve. This will be a fun one to watch!

Cars and Bids

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[kurtlikevonnegut]

Already to $100k. Sheesh

 

[kanundrum]

was waiting for this!

 

[LoneStar]

Do the profits for the seller qualify as "capital gains" from a taxation standpoint?

 

[atR1S]

Really good pics showing some details I had not seen yet. I bet it goes north of $150k. Good grief.

 

[godfodder0901]

Do the profits for the seller qualify as "capital gains" from a taxation standpoint?

Yes. Short term.

 

[Dark-Fx]

Guess I need to get my Hummer up before this auction ends.

 

[shamoo]

Do the profits for the seller qualify as "capital gains" from a taxation standpoint?

Yes, if you report it.

People sell cars all the time and I'm quite sure the majority do not report it. If you're a business flipping, I assume you are. But your average person, wouldn't be surprised.

 

[MountainBikeDude]

was waiting for this!

100% Can't wait to see how high it goes

 

[Riviot]

@Husky22 ?, you gonna report this income?

 

[ironpig]

Finally someone puts one up to auction. I can’t believe people have been avoiding BAT and Cars and Bids.

This one still has a loan to satisfy before you can get the title. I wonder how many of the flippers have to pay off Rivian before they can give you the title. And how quickly Rivian will mail it out.

 

[moosehead]

Guess I need to get my Hummer up before this auction ends.

No Reserve: 2022 GMC Hummer EV Pickup Edition 1 for sale on BaT Auctions - sold for $275,000 on April 1, 2022 (Lot #69,506) | Bring a Trailer

 

[R_1_T]

Some of the best LG photos to date.

 

[Scott]

Some of the best LG photos to date.

Man, the pictures are awesome. I need someone to take a FG / FE R1S to that photographer so I can see if I actually like my configuration.

Why can't Rivian post pictures of their own vehicles that are this good?

 

[shamoo]

Cars and Bids require a TON of high quality photos to be eligible for the action. So yeah, that's why.

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