Zaboomafubar_ t1_jdej3tz wrote on March 23, 2023 at 8:41 PM Reply to comment by ssgonzalez11 in Dmv and gifting a car by ssgonzalez11 Your friend can just gift it. As long as total gifts from one individual to another in 2023 are under $17k there's no tax. Just need to go through the process of transferring the title at the DMV and pay the registration fee. Permalink Parent 4
Zaboomafubar_ t1_jdedp4p wrote on March 23, 2023 at 8:07 PM Reply to comment by ssgonzalez11 in Dmv and gifting a car by ssgonzalez11 What's the value of the car? Permalink Parent 2
Zaboomafubar_ t1_jdej3tz wrote
Reply to comment by ssgonzalez11 in Dmv and gifting a car by ssgonzalez11
Your friend can just gift it. As long as total gifts from one individual to another in 2023 are under $17k there's no tax. Just need to go through the process of transferring the title at the DMV and pay the registration fee.