Question: Olivia bought a used car for $ 8 , 3 5 0 on January 2 3 , 2 0 2 4 . She also paid
Olivia bought a used car for $ on January She also paid $ in sales tax to her local county in California Olivia sold the car on May for $ Assuming Olivia did not incur any expenses for the car when she owned it how does Olivia report the sale on her tax return? a Report a $ longterm capital gain. b Report a $ shortterm capital gain. c Report a $ longterm capital gain. d Report a $ shortterm capital gain
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