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Gifting a car to a cousin (in NY): Tax Exempt?
Gifting a car to a cousin (in NY): Tax Exempt? Hello, I am gifting a car to a cousin in NY however, for Tax Exemption it is unclear if cousin can be qualified as 'Family Member' to be considred as tax exempt if gifted. NY DMV Form states : The seller or donor must complete Section 6 if: • the motor vehicle is a gift or is sold below fair market value to a person other than a spouse, parent,...
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