The conversation between human and AI assistant.
In California, if I buy out a leased car and immediately (within 10 days) sell the car, do I need to pay the tax when I buy out the car?
Yes, please. Also, what if I sell the car after the 10-day period?
If you sell the car after the 10-day period, you will likely need to pay the taxes on the purchase price of the car when you bought it out. However, there may be some exceptions or special circumstances that could apply. It's best to consult with a tax professional or the California DMV for more specific information. Does that help answer your question?