My dad is looking to buy a new car soon and he will be giving me his 2013 Toyota RAV4, it has about 60,000 miles on it. Would it be better for him to gift it to me or sell it to me for $1? Which method would be better for both of us tax wise when transferring the vehicle, and also when we file our taxes for 2020? (We live in Washington state)
Submitted December 26, 2020 at 07:00PM by _xiqian_ https://ift.tt/37QygIs
