On Wed, 26 Mar 2008 15:27:16 -0700 (PDT), "Robert M. Gary"
wrote:

On Mar 26, 1:47*pm, Short Wave Sportfishing
wrote:
On Wed, 26 Mar 2008 13:18:24 -0700 (PDT), "Robert M. Gary"

I live in a pretty high tax state so generally when you sell something
to someone you write two contracts. One for the state and another for
the actual sale price. Of course the dealer can't do that.

It's still a minor consideration.

Its about $1000. If I pay for taxes on the $14500 boat from the dealer
I'm paying $1123 in sales tax. If I buy the $11,000 boat from the
individual and we report it as $1500 to the state I'll pay $116.
That's almost $1000 savings.

Do you register the boat with your DMV?

I guarentee you, unless it's reported as a loss of some sort, you will
be paying book price for the sales tax. CT DMV does it all the time
on sales that are less than 10% of similar sales.

Most states have caught up with that dodge.