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Old 12-15-09 | 07:51 PM
  #20  
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rangerdavid
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Joined: Jun 2009
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From: Boone, North Carolina

Bikes: 2009 Cannondale CAAD9-6 2014 Trek Domaine 5.9

I'm not a CPA, but I did stay at a holiday inn express last night.

my question is, do you owe sales tax, or income tax? the equity in the bike is like a gift, or using points on your credit card, or winning the lottery, the proceeds are income.

perhaps there is a CPA here who could answer your question.
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