We'll help you get started or pick up where you left off.
That is a question for the CA DMV ... this is an income tax forum.
from a gift tax standpoint if your MIL gives you a $40K car for $500 the IRS is going to say you got a $39,500 gift. by the way your MIL is required to file a gift tax return.
Already have an account? Sign In
Or browse the Forums
Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement.