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Old 03-13-2019, 08:02 AM  
Mikala
Veteran Member
 
City: NSB
Country: USA
Join Date: Jan 2019
Posts: 60
Trading boat 4 boat of equal value ARE TAXES DUE ?

Quote:
Originally Posted by Seevee View Post
Florida would trigger no tax if no money changes hands. I'm sure some of the brokers can chime in and offer good advise.



Trading sounds like a viable way to accomplish your goals.


This is bad advice.

Can you back this statement up? I live in FL and do not believe you can walk into a tax office and register a boat where no money changed hands.

Further, tax would be due. Avoidance in this instance would be fraudulent imho because you are knowingly purchasing the boat based on the cash value of your trade.
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