- 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
"Gifting a boat" to someone.......
Posted on 8/13/12 at 1:12 pm
Posted on 8/13/12 at 1:12 pm
Have any of you ever gifted a boat to someone? How do you structure the transaction so as to avoid taxes?
6
Posted on 8/13/12 at 1:12 pm to The Mick
quote:what taxes?
avoid taxes?
Posted on 8/13/12 at 1:15 pm to The Mick
It is a bitch.
When my father gave me my Whaler, we put $1000 on the title transfer.
Act of donation is more paper work I think. It has been a while. Not sure.
When my father gave me my Whaler, we put $1000 on the title transfer.
Act of donation is more paper work I think. It has been a while. Not sure.
Posted on 8/13/12 at 1:17 pm to The Mick
Just write the Boat Trailer bill of sale for One Dollar. If I'm correct you only have to pay taxes on the Trailer.
This post was edited on 8/13/12 at 1:21 pm
Posted on 8/13/12 at 1:53 pm to The Mick
Not trying to bring politics in this, but the taxes and paperwork on this kind of stuff is outrageous.
Posted on 8/13/12 at 2:32 pm to The Mick
Don't forget to deal with the trailer...
Posted on 8/13/12 at 3:31 pm to The Mick
Ac t of donation
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News