Quote:
Originally Posted by Goat Blower
You will both pay tax on those vehicles. However, you might get away with listing the Xterra at $2999 and get the flat tax, depends on the miles, it fits by the 10-year rule. I don't think I'd risk it for ~$350 in tax.
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So if there is no money exchanged (straight trade), how do they figure out how much in taxes you pay? Do they go by the value of the vehicle then?