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Revision as of 08:42, 14 May 2026

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Finally, down the road . avoid paying sales tax on brand new transfer pricing vehicle by trading from a vehicle of equal worth. However, some states* do not allow a tax credit for trade in cars, so do not attempt it there.

Another angle to consider: suppose little takes a loss of revenue for 12 months. As a C Corp however no tax on the loss, however there can also no flow-through to the shareholders significantly an S Corp. The loss will not help your individual tax return at almost all. A loss from an S Corp will reduce taxable income, provided there is other taxable income to car. If not, then there is no tax due.

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