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ssgonzalez11 OP t1_jdegxcq wrote

Reply to comment by Zaboomafubar_ in Dmv and gifting a car by ssgonzalez11

According to KBB it’s around 2500-2800. 10+ years old, not in great shape, but it is still a daily driver.

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Zaboomafubar_ t1_jdej3tz wrote

Your friend can just gift it. As long as total gifts from one individual to another in 2023 are under $17k there's no tax. Just need to go through the process of transferring the title at the DMV and pay the registration fee.

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ssgonzalez11 OP t1_jdek2ey wrote

Thank you. That’s a piece I was missing and didn’t know, and it will really make her life easier.

Thank you for taking the time and your kindness!!

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RefrigeratorRater t1_jdh3nrk wrote

I don’t think what that person said is valid. Or rather, I don’t think it’s related to sales tax on a vehicle. Pretty sure they are talking about federal level taxes and gifts.

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