As I understand the rules you can recoup no more than the purchase price of your car. In my situation I paid $500 for my car. Suppose I sell $500 in parts. Then suppose I trade remaining parts 4 other parts. Do I have to add the FMV of parts in trade to my budget?
For example if I trade my hood for a set of used shocks. I've already met my recoup limit so do I have to count the FMV of the shocks i received in trade towards my budget?
In reply to Ovid_and_Flem:
Current rules do not restrict trading, as long as they are items already accounted for in the budget.
Your Shocks Sir, Are in the Mail. Lol.
In reply to SVreX:
So if I trade a part that was a part of the initial purchase I don't have to account for the part I received?
In reply to GTXVette:
Lol...just using as a nypothetical. I'm going by a salvage yard and we'll see if I can find you the section of hood you need
careful,don't obligate any favors.My grand son is working in N. Miss., We may get a delivery route set up, How far is Olive Branch Miss.,close to Tenn. He Normaly comes home through B'ham. I'll catch you later, gotta run.
Ovid_and_Flem wrote: In reply to SVreX: So if I trade a part that was a part of the initial purchase I don't have to account for the part I received?
Account for it with trade paperwork.
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