# 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:** 2

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**Author:** ![Cossey](https://avatars.discourse-cdn.com/v4/letter/c/3ec8ea/32.png) [@Cossey](https://forums.speedlife.net/u/Cossey)\
**Post date:** [November 16, 2012, 4:46pm UTC](https://forums.speedlife.net/t/taxes-on-trades/265511/2 "2012-11-16T16:46:22Z")

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> [@Snky Snky Starbucks Meet Sunday July 6th!!!!!!!!!!!!!](https://forums.speedlife.net/t/snky-snky-starbucks-meet-sunday-july-6th/50861/52):
>
> I’ve been looking for a definite answer but all I get is a lot of “I think” or “it should be this” so I need someone that has been through it. I have a car, rx7 Ls1 swap that I will price at $15,000. There is a BMW M3 that is at $17,000. We want to make a fair even trade but I don’t want to pay taxes on $17,000! What are my options? I know if it was a dealer I would only pay taxes on the $2,000 but this is private sale.
> 
> Thanks,  
> Joel

You pays the taxes on the M3, he pays taxes on the RX7.

[http://dmv.ny.gov/forms/dtf802.pdf](http://dmv.ny.gov/forms/dtf802.pdf) There’s the form.  
Section 5, question 1c.  
“c. Value of property given, traded, or swapped, or services performed instead of cash payment…”

You sure the vehicles aren’t each worth $5,000 due to some body damage or improper running? (hint, hint)

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