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Taxable event ?

Discussion in 'For Sale- Members only' started by treefrog, Sep 10, 2010.

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  1. treefrog

    treefrog TS Member

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    I am close to making a purchase from here. It will have to be sent to a dealer close to me. After I pay Him, am I required to pay full taxes on a private sale?
     
  2. JACK

    JACK Well-Known Member Supporting Vendor

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    No. You only pay taxes on items you buy from him. If he owes taxes on the transfer generally he pays the tax as a percentage of doing the business. If he wants taxes on the price you paid for the gun, he is scamming you.
     
  3. 870

    870 Well-Known Member

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    If you are in CA you might have to.
     
  4. dmarbell

    dmarbell Active Member

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    If you are talking about sales tax, then you have to look at your state laws. In NC, you are required to pay "use tax" in lieu of sales tax on out-of-state purchases. It is reported on the NC income tax return.

    Danny
     
  5. Dickgshot

    Dickgshot Well-Known Member

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    Casual sales of personal property by a non-dealer are not subject to sales or use tax.
    A dealer that facilitates that type of sale is not taking title to the gun and selling it, so sales tax should not be collected by him - and you are not required to pay use tax on that transaction to your own state.

    If, however, you bought a gun from an out of state dealer and had it shipped to a local dealer to facilitate the sale, you would be required to pay use tax to your own state.
     
  6. Mike Battista

    Mike Battista Well-Known Member Supporting Vendor

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    Here in Florida the buyer is responsible for the 7% "use" tax that must be remitted to the Department of Revenue. See Florida form DR-15MO.
    Mike Battista
     
  7. 870

    870 Well-Known Member

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    Probably not applicable, but again - if you are in CA they have an unusual twist on sales tax in these situations. Not everything posted above is true in every state. Best advice is check with your FFL to see how he will handle it in your state.
     
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