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Question about trade-in sales tax deduction.


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aznevoviii
12-22-2007, 06:21 PM
I recently bought a car from Florida as an even trade with my other car.
which means, on the bill of sale, the price of the car is equal value to the trade-in of my car.

And I live in the state where we have no tax deduction (Maryland).

As of my situation,

am I responsible for the tax of my new car? or tax has been paid off from my previous car, so it should not be a problem?

I need to know this ASAP with accurate information.

Thanks

-John

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