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Do I pay sales tax on even trade? a motocycle for a boat same value in Massachusetts .

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11y ago

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Why did the tax and trade policies of the British anger the colonists?

because they had to pay even more money


Do you pay sales tax when you trade even on a auto?

It varies per state. In most states, yes.


Do Mississippi resident buying a boat in Alabama pay sales tax?

You do not pay sales tax in Alabama. However, you will pay sales tax in Mississippi when you register the boat. The tax is 7% of the price of the boat, motor and trailer, MINUS the value of your trade-in, if any. You will pay this tax at your county courthouse.


Do you need to pay monthly and quarterly income tax even though you have paid the annual income tax?

yes we have to pay tds and advace tax beside anual income tax


If you trade 1 car for another do you pay sales tax?

It varies from state to state. Where I live (Washington State) you pay sales tax on the difference in value between the new car and the trade-in vehicle. Example: New car purchase price $25,000, trade-in car value $10,000; tax is paid on $15,000. It varies from state to state. Where I live (Washington State) you pay sales tax on the difference in value between the new car and the trade-in vehicle. Example: New car purchase price $25,000, trade-in car value $10,000; tax is paid on $15,000.


Do visitors have to pay sales tax in US?

Yes, anything you buy, even with cash you have to pay sales tax. The amount varies depending on the state.


In Indiana how is sales tax figured on a car trade?

In Indiana, when you trade in a car as part of a vehicle purchase, the sales tax is calculated on the price of the new vehicle minus the trade-in value. For example, if you buy a car for $20,000 and trade in your old car valued at $5,000, you would pay sales tax on $15,000. This trade-in deduction helps reduce the overall sales tax owed on the transaction. It's important to keep documentation of the trade-in value for accurate tax calculation.


If you win a car but don't like the car you won can you trade it in to the dealership immediately for a car you want if so do u still have to pay sales tax on the car u won?

Yes you can trade the car. Yes you will have to pay sales tax and yes you will receive a 1099 tax form for the value of the car just in time for tax season next year.


Do you pay sales tax in new jersey for used car?

Yes, when you register it, the tax is collected by the MVD. If you trade a car in (at dealer) the value of trade in may reduce the amount the taxable sale is calculated on.


Do you pay tax on the trade-in value of a vehicle?

In the United States, you do not pay taxes on the trade-in value of a vehicle when purchasing a new one. This is because the trade-in value is deducted from the purchase price of the new vehicle before taxes are calculated.


Do you have to pay sales tax on a used car in Utah?

Yes. Utah taxes everything. Even if you bought the vehicle out of state, they will want you to pay tax when you try to register it.


Does even trade on a vehicle exist?

Yes it does, I just traded my vehicle for another vehicle even trade and didn't have to pay taxes on it in Florida.