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Originally Posted by wileycoyote  Yes, we have to pay taxes, etc. Luckily we have some savings. I saw in someone's post about possibly having to claim on my taxes which I never thought of.
I will let you all know what kind of taxes and such I have to pay. As I am sure, everyone is wondering just how free it will end up being. I am wondering how free it will be also......
But still the bike/with custom paint is valued close to $12.000. So who knows..... |
You'll be receiving a 1099 for the suggested retail price of the bike...that amount will have to be added to your federal and state tax returns. Here in Virginia...you would also have to pay sales tax based on the same amount along with a personal property tax which they access on every vehicle.