Updated over 9 years ago on .
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CPA NEEDED....
Hi, I am asking a question for my father, his only income is social security, he gets $975 a month. He sold a collector car he's had for more than a year last month and he's made a capital gain of 30k, he wants to know if he has to pay taxes on that 30k gain or if he will qualify for $0 rate due to his income. Can a CPA please advise? Thanks!


