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Hi All,
I appreciate that a number of folks have asked about contributing to a forum fundraiser to defer the licensing and operating costs. I will be posting something in a month or two with options for contributing. I took care of all the initial costs of out pocket for now to ensure we are covered in the transition. More to follow in the New Year.
thanks
Steve
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NY sales tax

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  • NY sales tax

    Has anyone in NY purchased a boat from out of state w/ cash + a trade in and NOT had to pay the NY sales tax on the full purchase price (cash + trade)? I am being told by the out of state dealer that the NY sales tax payable at time of registration is on the cash portion of price only, though the registration forms say otherwise. Anyone have any different experience with the NY DMV in avoiding this trap? Thanks.

    Rick
    Rick

    "Calypso" - Montauk

  • #2
    Tax paid on cash only, just make sure your trade is shown properly.


    Chris
    "Pelagic" 2006 Classic 32

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    • #3
      Thanks Chris - what concerns me is the NY form, which explicitly includes the trade value in the calculation of the purchase price on which the tax is paid. I have a personal horror story from the MA DMV in a similar situation with a car so don't want to trip up on this issue.
      Rick

      "Calypso" - Montauk

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      • #4
        Bought the boat in NJ, paid taxes in NY cased on net price.

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