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Question: Can I offset my sales tax when I buy and sale vechicles at the same time?
I paid sales tax when I purchased a car from the dealer. Since i also sold my old car shortly before, can I offset the sales tax on the new car by the sale value for my old car? If yes, what form should I use to get the reimbursement?
The following is the answer:
Answer by theomdude
The only way to do that is to take what you got for the old car, deposit it in the bank, and write a check for the sales tax on the new car. There is no mechanism in law to do what you want to do.
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