do i have to pay taxes if i trade my car?

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

Comments

  • 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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