Is selling a motorcycle considered a business?

If I sell my motorcycle which is a Honda cafe racer custome and make a huge profit am I considered a business and have to file as a sole proprietorship and file taxes on the profits that way.

Read more: Is selling a motorcycle considered a business?

Popular posts from this blog

Do you think CVT transmission is bad?

I am truly in love with the 2017 Honda CR-V except for the CVT. I've heard so many horror stories about it that I may buy another car because of it. So do you think CVT is bad or am I worried for nothing? Read more: Do you think CVT transmission is bad?
Read more

Loss of power in Low RPM?

Hey guys, I ride a 2011 CBR 250R，Recently I have been having a problem with losing power during first and second gears around the low-mid RPM's. It happens when I accelerate at a quicker speed it feels like the power cuts (which engine braking occurs) and then it accelerates again after 1 or 2 seconds. It usually occurs when I have 1 or 2 bars of fuel left so i believe it might be a problem with the fuel or petrol. I have been filling my tank with the normal petrol required at well known gas stations in my area. I have recently had this problem but after servicing the motorcycle (a few weeks ago), it was a problem with the air filter being very clogged and dirty, after servicing it was fine, and then this started happening recently. anyone have any idea what the problem is? I did email honda and they said my chains and sprockets may be the cause to it and they need to be replaced, I'm looking to replace them but I'm afraid if after replacing them, the same p...
Read more

What's the deal with honda not being able to use coolants with silicates if it makes the coolant better and safer for the engine. Reason?

Is it for a reason or just honda wants our cars to last shortly? Added (1). Any more answers i was checking out that video then checked and notice newer cars don't use the coolant anymore so what's the deal we have to go back to inferior coolant i've read it eats the seals in cars? Any more information? Read more: https://hondanews.net/what-s-the-deal-with-honda-not-being-able-to-use.html
Read more

Car Insurance for 16 year old?

I'm 16 and looking to get a drivers license. I have good grades in school. I'm looking to lease a 2017 Honda Civic LX. I'm probably gonna be under my parents on their insurance policy. How much do you think my insurance would cost? And please give me an actual number. Thanks Read more: Car Insurance for 16 year old?
Read more

Fuel filter leaking after replacement?

I have a 1996 Honda Accord, the fuel filter was dirty so my boyfriend decided to change it. Now sometimes the gas sprays or leaks in the new filter also leaking from the washers as well. We used a flare wrench and tried tightening it for hours. Put the old fuel filter on and it still does it, and old washers and still does it. What could possibly be causing this? Really don't have the money to go to a mechanic Read more: https://hondanews.net/accord/fuel-filter-leaking-after-replacement.html
Read more