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Old 09-25-2007, 03:33 AM
tmfs tmfs is offline
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Join Date: Aug 2004
Posts: 1,076
Default Re: FPP porsche- taxable?

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Minimally, if you try to register the car in the US, a state is going to ask for a license tax registration and sales tax. They will most likely not issue plates until you pay the sales tax, and will charge you based on current Kelly Blue Book value. I believe Pokerstars has a disclaimer on their website that says they are not responsible for tax and license fees. Oh yes, I would not drive a Porsche without current tags.

[/ QUOTE ]

I think the question is not fees associated with the car itself but the 80k or so paid for the car as taxable income.
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