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  • Gift Affidavit Form

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E closing of a real estate loan. The recipient will neither be obligated to repay the principal nor pay interest on this gift at any time. Amount of Gift: $ Date of Gift Recipient(s) (Borrower(s) Name: Borrower Name Co-Borrower Name Donor(s) Name: Donor s Address: Donor s.

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Start by listing all of the information about the vehicle, then create a statement that includes your full name, address and relationship to the recipient. Continue your statement indicating that you are gifting or donating the vehicle and include the estimated fair-market value.

Full legal name of the affiant; Date of birth of the affiant; Address of the affiant; Full name and address of the recipient; The gift; The date the gift was given; and. The signatures.

Even though you are gifting the vehicle, identify the recipient as the buyer. Some states allow you to write "gift" instead of a sale price. A bill of sale is a legal document created by a seller and given to a purchaser to confirm a transaction and ensure all parties agree to the terms of the sale.

The date of the sale. A description of the car, including its: Year, make and model. ... The selling price of the car. If the car is a gift or partial gift, you should still create a bill of sale. ... Warranty information. ... The full names, addresses and signatures of the buyer and seller.

The buyer is responsible for sales tax on the actual sale value of the vehicle, and you aren't liable for penalties even if the buyer never pays. This may make selling a car a better option than giving it to a friend or family member, which could cause the gift tax to come into play.

Used Car Dealers: Motor vehicles owners may be eligible to receive an exemption of ad valorem taxes on vehicles held for sale in your stock. ... In order to apply for this exemption, complete this affidavit for your customers to present to the County Tag Official when registering a vehicle.

The date of the sale. A description of the car, including its: Year, make and model. ... The selling price of the car. If the car is a gift or partial gift, you should still create a bill of sale. ... Warranty information. ... The full names, addresses and signatures of the buyer and seller.

If you are gifting the car to a relative or a friend, you are likely to be required to write a bill of sale for gifting a car. ... You'll need to make sure you have no outstanding liens on your car. If you owe money on your car, you'll have to pay off that money before you can transfer the title and write the bill of sale.

Your name, address, and telephone number. The recipient's name, address, and telephone number. Your relationship to the recipient. A statement that the car is a gift for which repayment (consideration) is not required. The car's make and model. The car's year.

The only time you can claim a tax deduction for giving your car away is when you donate it to a charity or other tax-exempt, IRS-qualified organization. If you give the car away to a friend or family member, a tax deduction isn't available. And you may end up owing a gift tax on the transfer.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232