Get Rd-108t Trade In Credit Form - State Of Michigan - Mich

The RD-108T Trade In Credit Form is an essential document for individuals looking to claim a sales tax credit when trading in a vehicle in the state of Michigan. This guide will help users navigate the fields of the form effectively, ensuring a smooth and simplified filing process.

Follow the steps to complete the RD-108T Trade In Credit Form online.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. In Box A, enter the purchase price of the vehicle. This should include any freight charges and accessories that were factory-installed. Reference the RD-108 form to ensure accurate reporting.
3. In Box B, list any other taxable charges such as documentary fees, service fees, or temporary registration fees. Be sure to include any specific fees required by CVR dealers.
4. Calculate Box C by adding the amounts entered in Box A and Box B. This total will be used to compute the trade-in credit and taxable price.
5. In Box D, indicate the trade-in credit amount. This can be up to $2,500.00 for transactions effective January 1, 2015. Ensure this amount represents the agreed value of the trade-in vehicle.
6. For Box E, subtract the trade-in credit in Box D from the total in Box C. This value represents the total taxable price of the transaction.
7. In Box F, calculate the sales tax due by taking the amount in Box E and multiplying it by the Michigan sales tax rate of 0.06.
8. Finally, complete Box G by reporting the total delivered price, which is calculated by adding the relevant lines from the RD-108 as specified in the instructions.
9. Upon completion, save any changes made to the form, and explore options to download, print, or share the document as required.

Complete your RD-108T Trade In Credit Form online today for a hassle-free vehicle trade-in experience.