Selling vs. gifting cars in NY
Selling vs. gifting cars in NY Our family is swapping cars to account for babies on the way, and we’re having trouble determining if we should sell for $1 or gift them.
Car #1 is going from me to my brother-in-law, so not family per the DMV. Purchased/registered in NY. FMV is probably $10k. Car #2 is going from my husband’s dad to my husband. Purchased/registered in NY. FM...