- Joined
- May 11, 2019
- Messages
- 3,447
- Location
- United States
- Vessel Name
- Muirgen
- Vessel Make
- 50' Beebe Passagemaker
New purchase and sales agreement photo below. Compare to original posted photo and I think we accomplished something, (I like this one better).
Great job everyone!
Good on you! It looks like everything is now copacetic!
One point that no one mentioned (and is a moot point now), just for future reference, the addendum to the sales agreement that still stated 77k as purchase price, but stated $20k "credit" to buyer upon closing . . . . as well as affecting sellers commission to broker (not your concern), sales tax due (DEFINITELY your concern), also, by strict interpretation of tax law probably constitutes "INCOME" and therefore requires you claiming it on state/Federal tax return and paying Income tax on it. . . .not that the Feds would probably ever connect the dots, but it probably WOULD constitute a legal tax liability!
Disclosure: I am NOT an attorney (I had an honest profession), so take my advice for what it's worth, and what you paid for it!