We just paid 0 for it, but I want the insurance in my name so my dad needs to "sell" me the car. I paid the excise tax the first time, I’m not sure if it will be charged again.
I’m thinking about selling some rentals I’ve never lived in. The gains won’t be that high so I’m considering just selling and paying the gains tax. My question is: is that calculated on the difference between the prices (plus the depreciation recapture) or can I subract out excise tax, fees and commissions? What if I [...]
Consider sales tax, gasoline tax, cigarette tax, alcohol tax, excise tax, etc. Give a real answer!!!!!! Oh, and state tax, Texas doesn’t have, but we make up for it taxes on everything else. A real answer about what we pay in taxes?