Whether you need to pay sales tax when reselling a car just bought from a dealer depends on the specific laws and regulations in your jurisdiction. In general, if you resell a car within a certain period (often called the "resale period") after purchasing it from a dealer, you may need to pay sales tax on the purchase price. The resale period can vary from state to state, and it's important to check with your local tax authority to determine the exact rules and timeline.
In some cases, you may be exempt from paying sales tax on the resale if certain conditions are met, such as if the resale occurs outside the resale period or if you qualify for a specific exemption. However, it's important to note that the specific rules and exemptions can vary significantly, so it's crucial to consult with your local tax authority to obtain accurate information and guidance based on your specific circumstances.
