How To Pay Tax When Selling A Car

Table of contents:

How To Pay Tax When Selling A Car
How To Pay Tax When Selling A Car

Video: How To Pay Tax When Selling A Car

Video: How To Pay Tax When Selling A Car
Video: How Do Taxes Affect Me if I Sell a Car? 2024, April
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A situation often arises that the owner of a car decides to sell the car after a certain period of use. Thus, the owner receives income from the sale of the car. And on the income of an individual, it is necessary to pay tax to the state budget. But the owner is entitled to a property deduction.

How to pay tax when selling a car
How to pay tax when selling a car

It is necessary

  • - a computer,
  • - the Internet,
  • - passport,
  • - data of the person to whom the car was sold,
  • - contract of sale.

Instructions

Step 1

In order for the owner of the car to receive a property deduction from the sale of the car, he needs to install a program on his personal computer for filling out the declaration. You can download it down the page.

Step 2

Run the program. In the "Specify conditions" column, select the type of declaration. You need a 3-NDFL declaration. Select from the list provided the inspection number that corresponds to the tax inspection number for your place of residence. Enter 0 in the correction number field if you are submitting a declaration for the first time. The declarant status corresponds to another natural person. The declaration is filled in according to the income received from the sale of the car.

Step 3

In the column "Information about the declarant" enter your last name, first name, patronymic, taxpayer identification number, type of identity document, its series, number, by whom and when this document was issued. Indicate the full address of your place of residence, contact phone number.

Step 4

In the column "Income received in the Russian Federation" select number 13, which corresponds to the percentage of tax paid to the state budget. After pressing the "+" button, enter the last name, first name, patronymic of the person to whom the car was sold.

Step 5

In the lower income window, click the "add income" button, in the window that appears, select the income code, in this case it corresponds to the code 1520. This is income from the sale of other property (shares), except for the Central Bank. Enter the deduction code. If the car has been in your ownership for less than three years, the deduction code will be 906, if more - 903. If you do not have documents for the sale of the car, the deduction code will be 0. Specify the amount of income from the sale of the car and the month in which you sold it … The total amounts by source of payment will be calculated automatically.

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