User Panel
User Panel
User Panel
|
Posted: 7/23/2018 9:26:06 PM EDT
So, Im a brand new dealer
 and my first transaction is a trade in. A guy is trading a full sized Kimber CDP II .45 in 95%+ condition straight up for a new Gen3 Glock 22.
So, the question is(I'm sure it varies from state to state) how do y'all deal with tax? -Do you charge yourself tax on the transfer? Im paying for the Glock/shipping/transfer. I plan on re-selling the Kimber. |
|
|
|
Posted: 7/23/2018 11:05:52 PM EDT
[#1]
Even up, no tax until you sell the Kimber.
|
|
|
|
Posted: 7/24/2018 3:17:05 PM EDT
[#2]
Thanks, I answered my own question after I typed up my post.
|
|
|
Win a FREE Membership!
Sign up for the ARFCOM weekly newsletter and be entered to win a free ARFCOM membership. One new winner* is announced every week!
You will receive an email every Friday morning featuring the latest chatter from the hottest topics, breaking news surrounding legislation, as well as exclusive deals only available to ARFCOM email subscribers.
AR15.COM is the world's largest firearm community and is a gathering place for firearm enthusiasts of all types.
From hunters and military members, to competition shooters and general firearm enthusiasts, we welcome anyone who values and respects the way of the firearm.
Subscribe to our monthly Newsletter to receive firearm news, product discounts from your favorite Industry Partners, and more.
Copyright © 1996-2024 AR15.COM LLC. All Rights Reserved.
Any use of this content without express written consent is prohibited.
AR15.Com reserves the right to overwrite or replace any affiliate, commercial, or monetizable links, posted by users, with our own.
