answersLogoWhite

0


Best Answer

Yes.

If they buy the car then gift it to you, then they will have to pay upfront, and then can deduct a certain amount.

But someone will pay.

User Avatar

Wiki User

14y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Your parents bought you a car for 13000 the title is in your name do you have to pay taxes on it?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

You bought your daughter a cartook it out of her name had in your name because insurance was cheaper now she pays insurance in her namedoes she pay taxes?

Whose name is on the title? That person owes any taxes on the car.


What will you choose a crown or the title?

If you ask me I'll better choose a title because a crown can be bought after having a title but a title can't be bought if you choose a crown.


What title do the children of nobility have?

Depends on the rank of the parents. They inherit the title when the parents die.


If car title is lost but you cant get title because ex is still on title?

I bought a car and I cant get the title for it what to do


How do you get a title for a vehicle that was bought from a person without a title?

Why did you buy it without a title. Good luck


You just bought a car and it has unpaid parking tickets you can't register it because of them do you have to pay the tickets?

The Tickets And Any Taxes Will Have To Be Paid To Get A Legal Title. If You Have Paid For The Car Already ( Which NEVER DO UNTIL YOU GET THE CLEAR TITLE ) Sounds Like Your Next Step Is Civil Court


How can you get title for car you bought?

The lender should send the title to you.


How do you get a title for a motorcycle you buy from an owner who never got the title when they bought it?

You have to get it from the owner that last had the title in his name.


How do you get a title when the person you bought it from never had the original title transferred?

You will need to request a "Title Search" from the DMV


Do I have to pay sales tax on a used car bought from a private party in West Virginia?

When you go to transfer title from the seller to you, all taxes will be collected at that time. In my state the answer is yes, you will pay sales tax.


What is the title of the 16th amendment?

congress collects taxes


You bought a car with a salvage title you lost the title what should you do?

Apply for a replacement title through your state DMV.