- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: How do the taxes work when trading in a car?
Posted on 2/17/14 at 9:53 pm to LSUGUMBO
Posted on 2/17/14 at 9:53 pm to LSUGUMBO
All depends on which state you're in.
In Arkansas if you sell your car within a 45 day window of buying the other car then you can take the bill of sale to the DMV and use it as a tax credit.
I did it on my last car transaction.
In Arkansas if you sell your car within a 45 day window of buying the other car then you can take the bill of sale to the DMV and use it as a tax credit.
I did it on my last car transaction.
1
Posted on 2/18/14 at 10:34 am to Hog Springs
You can also do the paperwork at the dealership (both parties present) and get the credit. You effectively trade to dealer, and they then sell to 3rd party at your agreed price. I've heard it referred to as a paper trade or a quick trade.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News