Gifting a Car vs Selling for $1 in Florida

In Florida, gifting a car means transferring ownership without a monetary exchange, while selling for $1 involves a nominal fee. Both options have legal and tax considerations. Gifting can help avoid gift taxes but may lead to sales tax for the recipient. Selling for $1 may also incur sales tax. Consult professionals for personalized advice. … Read moreGifting a Car vs Selling for $1 in Florida: A Complete Guide