Tax question
03-09-2005, 01:28 PM
#41
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Re: Tax question
Other option for sales tax on used boats, even with a $50K bill of sale;
Title it in a state that doesn't charge sales tax on used boats, ie, IL. Then transfer title to your state. You'll only have to pay an extra tilte fee.
Title it in a state that doesn't charge sales tax on used boats, ie, IL. Then transfer title to your state. You'll only have to pay an extra tilte fee.
03-09-2005, 01:32 PM
#42
artselectricinc.com
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Re: Tax question
Originally Posted by Gary Anderson
Other option for sales tax on used boats, even with a $50K bill of sale;
Title it in a state that doesn't charge sales tax on used boats, ie, IL. Then transfer title to your state. You'll only have to pay an extra tilte fee.
Title it in a state that doesn't charge sales tax on used boats, ie, IL. Then transfer title to your state. You'll only have to pay an extra tilte fee.
Steve Hixson
03-09-2005, 02:02 PM
#43
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Re: Tax question
Originally Posted by Gary Anderson
Other option for sales tax on used boats, even with a $50K bill of sale;
Title it in a state that doesn't charge sales tax on used boats, ie, IL. Then transfer title to your state. You'll only have to pay an extra tilte fee.
Title it in a state that doesn't charge sales tax on used boats, ie, IL. Then transfer title to your state. You'll only have to pay an extra tilte fee.
03-09-2005, 02:17 PM
#44
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Re: Tax question
Originally Posted by gripit
How can you title it in a state that doesn't charge sales tax on used boats if you don't have residence in that state?
Gary
