Related Posts
Nyc couple with $0.5m in income who feels average

More Posts
Are there any onsite opportunities in nagarro
Dang. URI just beat Okla. 😭😭
Additional Posts in Tax Bowl
New to Fishbowl?
Download the Fishbowl app to
unlock all discussions on Fishbowl.
unlock all discussions on Fishbowl.






Coach
Maybe I’m missing some appreciation for NY state tax law. But since you already paid sales tax on your purchase as the initial buyer wouldn’t it be the next buyer (ie Carmax) that pays sales tax on the value of the car upon registering the vehicle/changing the title?
Rsm 1 yes I am trying to figure out who would be on the hook for sales tax if applicable. I want to make sure Carmax pays me the sales tax in addition to the agreed upon price if needed.
Mentor
I'm assuming CarMax is buying your car to resale or to lease. If this is the case, you should be able to get an exemption certificate from them so that you won't need to collect sales tax. I believe you need to file form dtf-802 with the DMV. The DMV won't process the title transfer unless you prove tax was paid or document why it isn't applicable (here, the resale exemption certificate).
Ok great thanks!!🙂
Sales tax is imposed on buyers not sellers.
Literally nothing to worry about here.
Sale for resale. No tax is due.