L
Locarno
Guest
I'm in Minnesota. I just turned 21 and my mother is giving me her car (paid off) for my birthday. On the back of the "Certificate of Title", there is a form for "Buyer's Excise (sales) tax declaration".
What is the best way to handle this? The "Full purchase price" is zero; is this a problem? Should I actually buy the car for $1 or another amount? How will I have to pay these taxes? Thanks in advance,
P-Sz
What is the best way to handle this? The "Full purchase price" is zero; is this a problem? Should I actually buy the car for $1 or another amount? How will I have to pay these taxes? Thanks in advance,
P-Sz