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Hi, guys,
Small point but may be important. If buyer and seller live in the same state, there is no requirement under Federal law to go through a dealer. If you do, the transaction costs $400 in tax rather than $200, and the dealer will charge a markup as a service charge. (Seller to dealer = $200 tax; dealer to buyer = $200 tax, plus dealer charge.)
Seller to buyer = $200 tax, no dealer markup.
The Form 4 is not some secret mystery that only dealers know; as government forms go, it is pretty simple.
Jim
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