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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

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		Nissan 370Z Forum > Nissan 370Z General Area > The Lounge (Off Topic)
Giving car as a gift

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01-27-2011, 02:45 AM	#1 (permalink)
TongMan A True Z Fanatic Join Date: Feb 2010 Location: NorCal Posts: 1,297 Drives: 2013 Nissan GTR Rep Power: 715	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?

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