# Taxes on trades

**URL:** <https://forums.speedlife.net/t/taxes-on-trades/265511>\
**Category:** Shift518 Automotive\
**Created:** [November 16, 2012, 4:39pm UTC](https://forums.speedlife.net/t/taxes-on-trades/265511 "2012-11-16T16:39:34Z")\
**Posts on this page:** 1\
**Showing post:** 17

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**Author:** ![Reckone](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/reckone/32/6324_2.png) [@Reckone](https://forums.speedlife.net/u/Reckone)\
**Post date:** [November 19, 2012, 9:13am UTC](https://forums.speedlife.net/t/taxes-on-trades/265511/17 "2012-11-19T09:13:23Z")

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> [@FS: 2000 Black GTP Coupe, 74 k, $6900](https://forums.speedlife.net/t/fs-2000-black-gtp-coupe-74-k-6900/51087/9):
>
> yeah its not like your registering a F430 for $1000. Check the box for paid less than fair mkt valve, fill out section 6 and be on your way. They can question it, but they never do. The people behind the counter are not “car” people, they wont know what its worth. and how would you be able to prove it anyway? DMV going to come to your house and inspect the car??

Exactly!

Tell them it needed an engine and they will wonder why you even paid “$200” for it.

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