ronbeau
Contributor
How about used gear sold by an individual? I had always thought if used gear was bought from an individual, whether in state or out of state- no tax was required. I'm guessing here - does anyone know the used gear rule?
In Massachusetts you still have to pay sales/use tax on used products. For example, if you buy a used car you must pay the sales tax when the car is registered and the sales tax is charged for the amount you paid or the fir market value whichever is higher.
This is interesting since if I bought and registered the car in Massachusetts when I was brand new I paid the sales tax on the full price of the car. I guess the exception is if I traded another car into the dealer when buying the new car I only pay sales tax on the net amount I paid to the dealer (new car price - trade-in amount).