RE: [Chrysler300] Selling a 300

["Bob Jasinski" <rpjasin@xxxxxxxxxxx>]

Pat,
 
You're overlooking the fact that there would be a record of the deposit into your bank account, unless of course it was a strictly cash payment and you keep it in your home safe, coffee can or mattress.  Also, in California you must declare a selling price on the form that gets sent into DMV indicating change of owners.
 
Bob J
 
From: Chrysler300@xxxxxxxxxxxxxxx [mailto:Chrysler300@xxxxxxxxxxxxxxx] On Behalf Of Pat Grant
Sent: Monday, April 22, 2013 8:05 AM
To: Terry Mctaggart; Listserver Chrysler Club
Subject: Re: [Chrysler300] Selling a 300
 
  
assuming you made a true profit on selling any car, you would not be a patriotic american if you  voluntarily reported the gain as there are no 1099s or paper trails involved. pat grant(retired accountant and tax preparer) LOL

From: Terry Mctaggart <terrymct999@xxxxxxxxx <mailto:terrymct999%40yahoo.com> >
To: Listserver Chrysler Club <chrysler300@xxxxxxxxxxxxxxx <mailto:chrysler300%40yahoogroups.com> > 
Sent: Monday, April 22, 2013 9:57 AM
Subject: [Chrysler300] Selling a 300

  
Looking at the asking and sales prices of 300s, some of our cars are beginning to be worth real money.  Does anybody out there have any knowledge / experience on how to handle the tax issues, both federal (capital gains) and local (sales) issues of such an exchange?  Terry McTaggart

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