12-20-2013, 09:27 AM
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#10 (permalink)
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Base Member
Join Date: Jul 2013
Location: AZ
Posts: 20
Drives: 2014 WRX Hatchback
Rep Power: 13
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Quote:
Originally Posted by MMC Racing
The people brining up the tax advantages of trading - that is a state by state thing. Some states (Missouri) allow you to take the tax credit even if sold private party as long as you buy in a certain amount of time. 60 days if I remember right. California gives no tax credits on trades at all, so it is a nonpoint. I wonder what the OPs state does.
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I live in Arizona: we do indeed get tax credits for a trade, but I need to balance the trade price vs. possibility of private sale.
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