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SVTPerformance's Chain of Restaurants
Road Side Pub
Help! Live In WI, Purchasing Vehicle In IL, Which Sales Tax???
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<blockquote data-quote="Booky" data-source="post: 16488665" data-attributes="member: 100566"><p>I live in Wisconsin and made a deal on a 2018 Trackhawk today with a Dealership in Illinois.</p><p>I am going to trade in my SRT Durango on the Trackhawk on Tuesday.</p><p></p><p>The Dealership sent me a bill of sale with everything we agreed on but I noticed the sales tax was about twice what I expected. Wisconsin sales tax is 5.5 percent, and this was over double that.</p><p></p><p>I did some researching and it looks like Illinois just passed a new law last January which states something to the affect that only $10K of a trade-in can be deducted from the purchase price for sales tax purposes.</p><p></p><p>This should not affect me though, should it? I was under the impression that since I live in Wisconsin, I would only pay WI sales tax on the purchase price minus the full trade-in allowance.</p><p></p><p>Has anyone had to deal with this or know exactly how the sales tax should apply to me?</p><p></p><p>Any help or advice would be greatly appreciated.</p><p></p><p>.</p></blockquote><p></p>
[QUOTE="Booky, post: 16488665, member: 100566"] I live in Wisconsin and made a deal on a 2018 Trackhawk today with a Dealership in Illinois. I am going to trade in my SRT Durango on the Trackhawk on Tuesday. The Dealership sent me a bill of sale with everything we agreed on but I noticed the sales tax was about twice what I expected. Wisconsin sales tax is 5.5 percent, and this was over double that. I did some researching and it looks like Illinois just passed a new law last January which states something to the affect that only $10K of a trade-in can be deducted from the purchase price for sales tax purposes. This should not affect me though, should it? I was under the impression that since I live in Wisconsin, I would only pay WI sales tax on the purchase price minus the full trade-in allowance. Has anyone had to deal with this or know exactly how the sales tax should apply to me? Any help or advice would be greatly appreciated. . [/QUOTE]
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Help! Live In WI, Purchasing Vehicle In IL, Which Sales Tax???
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