Another Sales Tax Question

[Nardo1895]

I have a client that traded a muzzle loader rifle and some cash for a modern used shotgun which he had shipped to me to register. I'm not sure how he worked the long distance deal, but it wasn't through any of the online sites so there is no paperwork as to sale price. I know the guy pretty well so I'm inclined to believe what he tells me which is that he paid $200 over the (unstated) value of the muzzle loader. So how do I tax this one? $200? $200 plus the value of the muzzle loader? Blue Book value on the shotgun? I hate that the state makes us do their dirty work on this.

Thanks

[kemasa]

Value of what he got, so $200 plus the value of the muzzleloader.

[Nardo1895]

Thanks Kemasa, that's what I suspected. How would you document the amount without any kind of receipt?

[kemasa]

Thanks Kemasa, that's what I suspected. How would you document the amount without any kind of receipt?

That is the problem and there isn't any good answer. Look to see if you can find the value of the muzzle loader and other firearm. Was there an ad for sale for either? Having something is better than nothing, but it still doesn't mean much.

[ugimports]

I've asked for ads or emails of the transaction. If he dd it all in person than have him just write up a simple bill of sale for your records.