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Old 03-13-2019, 08:17 AM  
twistedtree's Avatar
City: Gloucester, MA
Country: USA
Join Date: Jan 2013
Posts: 4,525
That said, it occurs to me that when you buy from a dealer and trade in another boat as part of the deal, you only pay taxes on the difference in value. I can't say for certain that's universally true, but I think it's widely so. So if you buy a boat from a dealer for $40k, and trade in a boat for $30k, you pay taxes on the $10k difference.

So, if you conducted the swap through a dealer, I think it could be legitimately accomplished since each of you will be buying a boat while trading one in of equal value. But the dealer will want some compensation for the transaction, and brokers typically want 10% which is probably double what your sales/use tax would be. So may not make sense.
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