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re: Gifting a car or selling it for cheap???

Posted on 3/14/24 at 9:07 am to
Posted by Chad504boy
4 posts
Member since Feb 2005
169984 posts
Posted on 3/14/24 at 9:07 am to
quote:

or sell/buy it for a minimum amount of money?


Also called gifting.
Posted by AllsGroovn
Metairie, LA
Member since Jun 2005
1952 posts
Posted on 3/14/24 at 9:12 am to
So what is the difference, tax wise, on a gifted vehicle vs. one that has a bill of sale for anything less than the value of the vehicle?

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