Re: Sales tax implications on a trade help?
In NY the buyer would pay the sales tax at the time of registration. The seller would not collect or pay. I did purchase a boat and asked the seller to write two receipts, One for the motor and one for the boat. Upon registration I only payed sales tax on the boat. The two receipts allowed me to insure the boat for it's full boat and motor value. Not sure on the trade plus cash aspect.
M
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