How Much Will Taxes Be With Vehicle Sold To The Trust

How Much Will Taxes Be With Vehicle Sold To The Trust

If the vehicle is sold for $1 then the taxes are minimal, but be aware that some have NADA/Kelly Blue Book appraisal requirements which will deny $1 values being listed.

Once the transaction occurs between one's self and a trust, notify the State’s DMV through a Bill of Sale of the transfer. Keep paying the car loan, if any, but now through the trust’s bank account.

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