jerseygirl81
DIS Veteran
- Joined
- Aug 8, 2008
My ds is getting his license and my Mom & Dad are giving my brother my Moms car since she can't drive anymore and its only a couple of years old and they don't want to give a somewhat newer car to a new driver so they are giving it to my brother and he is giving my ds his car. My brother called motor vehicles and the woman said to put on the title that its a gift, but does that mean we would have to pay a gift tax on it? Would we be better off putting it on the title as much less than the value? Thanks, Linda