Monza275
Monza275 New Reader
9/22/19 6:50 a.m.

I see Tires are part of the safety exception if I am reading it right.

I bought a set of used Mustang wheel and tires for $320. College kid was asking $450 but since he was using them as a coffee table (2 on 2), I think his roommates (who were there) were open to offers.

 

Do I count it all, or half tires and half wheels?  Or is it all exempt?  Last one seems unlikely

 

2004 Cop Car

Nick

DeadSkunk  (Warren)
DeadSkunk (Warren) PowerDork
9/22/19 7:32 a.m.

You should have had the seller issue a receipt for the tires and wheels separately. The wheels will need to count, the tires are exempt. I'll leave it to others to chime in on what's a fair way to split it. See if you can find the same wheels (without tires) listed in a couple of ads and use that as an FMV for your wheels.

AngryCorvair
AngryCorvair MegaDork
9/22/19 8:23 a.m.

Tires were 320, wheels were free.  Get seller to state that in an email and you’re golden.

Stampie
Stampie UltimaDork
9/22/19 10:14 a.m.

That's something you really need to get the seller to sign a receipt for. Without seeing them I'd value genetic Mustang wheels at $100 and the rest goes to tires. 

Tom Suddard
Tom Suddard Director of Marketing & Digital Assets
9/23/19 8:23 a.m.

Yeah, probably best to use FMV with supporting documentation for the wheels.

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