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Old 24-10-2018, 15:57   #1
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Boat Trade Paperwork

Hello All,

Curious what folks have done paperwork-wise for boat trades where no cash is exchanged.

Is a bill-of-sale generally acceptable with simply the make/model/HIN listed as the consideration/exchange price?

Any interesting tax issues with a trade transaction? I know some states waive trade in value of a boat (to a dealer) for tax purposes. Would an entire trade deal between private parties be tax exempt? Maybe a state by state issue...

Thanks for any info!
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Old 24-10-2018, 16:01   #2
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Re: Boat Trade Paperwork

Never done it, but assume a $1 bill of sale is the answer.
Iíve sold and delivered a many a million dollar airplane, with a $1bill of sale.
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Old 27-10-2018, 09:32   #3
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Re: Boat Trade Paperwork

Yeah figure I'll go this route, thanks!
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