I and my friend want to trade titles can we do this and not have to pay taxes on the vehicles we trade titles for.
You are able to gift to another person $14,000 per year. If the vehicle is under this limit, there is no tax due.
Federal Way, WA
Estate planning Lawyer at Federal Way, WA
Practice Areas: Estate Planning, Probate ... +2 more
You are able to gift to another person $14,000 per year. If the vehicle is under this limit, there is no tax due.
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