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How can a car title be transferred from parents to my name without counting as taxable gift income.
How can a car title be transferred from parents to my name without counting as taxable gift income. Hello, I have taken over payments on a expensive sports car they and have agreed to pay a little extra as well, to make up for the the payments before i took over the car. Now that the term is almost over, we will be transferring the title soon. I have made all the payments i made directly from my checking account to their lienholder. We all wa...
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