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My mother does not earn enough income to file taxes. She wants to sell her car which I own jointly with her. Will she have to pay tax on the sale?
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The sales tax on the sale of the car has nothing to do with income tax. She will have to declare the amount she was paid for the car, and pay sales tax on that amount.
Answered on Sep 25th, 2014 at 3:48 PM
Diana L. Anderson, Certified Elder Law Attorney This response is not legal advice and does not establish any form of attorney/client relationship