i want to trade my car with another car strait across so no money i want to know if i will have to pay taxes if no money is involved i live in idaho
Barter tranasactions are generally taxable. You won avoid tax unless the trade is between family members and Idaho exempts such.
Both you and whoever you trade with will probably be charged taxes on the value of the vehicles.
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Barter tranasactions are generally taxable. You won avoid tax unless the trade is between family members and Idaho exempts such.
Both you and whoever you trade with will probably be charged taxes on the value of the vehicles.