Do you have to pay taxes on the car you send overseas?

Do I have to pay taxes if I sell my car? (California)?

  • I bought my car a few years ago for $30,000. I plan to sell it (this year) for around $20,000. I plan to sell it to a auto dealer or private buyer. Im in Calif. Questions: 1. After I sell my car, what do I do next? example: do I inform the DMV I sold the Car or pay DMV taxes on the car?, etc,? 2. Do I have to pay taxes on the car (right of way) If I sell it? 3. When I file (income) taxes in Februrary, Do I have to pay (income) taxes on the car (etc.)? 4. Does the place (ex. H@R block) where I file income taxes at in Feb., Do they (H@R block) inform Child Support (I Pay child support) on the following: my tax return, how much income I made for the last year, and money I made on selling my car???? Note: I owe no arrears to child support. I make all my child support payments on time.

  • Answer:

    No taxes whatsoever. Just take off your tags, keep a copy of the bill of sale and you should be set. It has nothing whatsoever to do with all the other things you mention.

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