View Single Post
Old 01-27-2011, 02:45 AM   #1 (permalink)
TongMan
A True Z Fanatic
 
TongMan's Avatar
 
Join Date: Feb 2010
Location: NorCal
Posts: 1,297
Drives: 2013 Nissan GTR
Rep Power: 715
TongMan has a reputation beyond reputeTongMan has a reputation beyond reputeTongMan has a reputation beyond reputeTongMan has a reputation beyond reputeTongMan has a reputation beyond reputeTongMan has a reputation beyond reputeTongMan has a reputation beyond reputeTongMan has a reputation beyond reputeTongMan has a reputation beyond reputeTongMan has a reputation beyond reputeTongMan has a reputation beyond repute
Default Giving car as a gift

I have a 2006 Scion tC. I am going to give it as a gift to my brother. Is it best to sell it to him for $1 to avoid taxes and counting it as income? Or just signing over the DMV gift form?
TongMan is offline   Reply With Quote