DrewfromCA
Member
Hello. I am in CA, and am selling my car. Now, this girl wants to buy my car, but actually have me gift it to her. The sales price was going to be $10,850. This falls below the IRS limit for non-reportable gifts, so will I be ok to accept the money, and gift her the car?
I believe she told me she wanted to avoid the sales "use" tax from the DMV, but if there is something shady about this, then I need to know.
Can anyone shed some light on this?
I believe she told me she wanted to avoid the sales "use" tax from the DMV, but if there is something shady about this, then I need to know.
Can anyone shed some light on this?