Capital Gains on muscle car (state of PA)

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Capital Gains on muscle car (state of PA)

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03-19-2008, 12:13 AM

427king 427king is offline

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Re: Capital Gains on muscle car (state of PA)

[ QUOTE ]
I guess if someone wanted to give a car to there son could they sell it for a dollar Etc.

[/ QUOTE ] Dewpending on the value of the car a father and mother could gift 20K or 10K each[may be a bit higher now]. So if a car was worth under 20K parents could gift thier car to thier son,not sure how it would work on a much larger dollar car,maybe take more than one year to transfer ownner ship??

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