which is better gifting or selling car to sister. what eould taxes be?

Laimute Sediva | Oct 17, 2020 | Category: Department of motor vehicles in Fort Collins, Colorado

Larimer County - Vehicle Licensing Fort Collins Office - All questions

Address: 200 W Oak St STE 1100, Fort Collins, CO 80521, USA

Laura “Peecnluvm8kr” Koontz | Oct 17, 2020

Yes doing a bill of sale and selling it for a cheaper amount is definitely the way to go because when you get a car gifted to you the gift tax is between two to three times as much as a sailing Tex so definitely do a sale instead of a

Josie Wiggins | Oct 17, 2020

I've heard selling super cheap bc you get a gift tax,like $100.00. But I'm not 100 % sure

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