Title question

[Wayne64SS]

@JSEnclosures

I don’t think you have to pay taxes if it was a straight trade, only if money was traded on top. Just like when you trade in a car and you do not have to pay the taxes for the value you received for your trade in. if it’s not registered you cannot insure it so i would think for just a title you may be okay

thats not correct.

you have to pay taxes on trades private party. a trade in takes place at a dealer and is different. I know all this because i was going to trade the viper in the fall but taxes killed the deal.