Tax question
03-09-2005 | 01:28 PM
#41
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Joined: Jan 2001
Posts: 1,658
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From: ST. Louis, MO, USA
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
Joined: Dec 2000
Posts: 703
Likes: 27
From: Longview, WA, USA
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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Joined: Jul 2003
Posts: 716
Likes: 5
From: Annapolis, MD
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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Joined: Jan 2001
Posts: 1,658
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From: ST. Louis, MO, USA
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
