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

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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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i mean if we're dealing with a 10k private party value vehicle... if you tell the auto title transfer place you sold it for 8k, it won't raise any hairs. you pay taxes on 8k. if you tell the dmv you sold it for $1000, it begins to look pretty sus. You're essentially still gifting 9k in that scenario.

auto title people don't need to see proof of money purchase.