Posted on Sep 28, 2022

Your chance to win a brand new pickup truck - VA News

676

Posted in these groups: D8c95694

Posted 2 y ago

Responses: 1

Posted 2 y ago

If I turn around and give it away, do I still have to pay the taxes on it?

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Comment

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SPC (Join to see)

2 y

I do believe so

(1)

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SP5 Dennis Loberger

2 y

SPC (Join to see) - yes you do, but if you donate it to a 501-C3, that donation will offset the income that generates the income tax

(1)

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SPC (Join to see)

2 y

SP5 Dennis Loberger - Your question was basic, so you got a basic response lol

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Lt Col Charlie Brown

2 y

I'm not sure; I think it depends on who and when in the process.

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