I know this is a car forum, and not a financial one. I also know we have a breadth of experience here that goes far beyond car stuff.

If I buy old cars, restore/ repair them, and then resell, is that income taxable for a retired person? ( assuming that actually IS a profit) If it is taxable, can i deduct the cost of tools, garage etc?

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1982 300SD " Wotan" ..On the road as of Jan 8, 2007 with Historic Tags